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Frank: Economy 'ready to take off'
The Boston Globe ^ | September 24, 2010 | by Matt Viser

Posted on 09/24/2010 1:37:41 PM PDT by Oldeconomybuyer

WASHINGTON – Representative Barney Frank was bullish on the economy this morning, saying it was ready "to take off” and would turn the political fortunes of the Democrats around by 2012.

“I believe the economy is, frankly, in a position to take off.,” Frank, the chairman of the Financial Services Committee, said during a breakfast hosted by the Christian Science Monitor.

During the wide-ranging discussion, Frank touted the financial reform bill that he shepherded through earlier this year, called outgoing Obama administration economic adviser Larry Summers “a great asset.”

Frank said the economy is poised to recover, although perhaps not quick enough to avert Democratic losses in congressional races this year.

“Things have gotten better. They haven’t gotten better fast enough,” Frank said. “The biggest mistake the administration made was the prediction that if the stimulus bill passed, unemployment would drop below 9 percent. There was no reason to say that. Why make the prediction?”

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Massachusetts
KEYWORDS: barneyfwank; election2010; failure; obamanomics; whistlepastgraveyard
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1 posted on 09/24/2010 1:37:42 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

The only thing ready to take off are Barney Franks pants when a 12 year old boy is in the room.


2 posted on 09/24/2010 1:39:34 PM PDT by MissesBush (Stay angry--right through November)
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To: Oldeconomybuyer

Well, he was so accurate on the health of Fannie & Freddie so he must be right on this assessment also. sigh.


3 posted on 09/24/2010 1:40:49 PM PDT by Thom Pain (2 + 2 = 4 : Defending the Constitution is CENTRIST; not RIGHT WING! Don't be labeled!)
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To: Oldeconomybuyer

It took off....and crash landed immediately after take-off. STFU Dodd and keep drinking the hopeychangey Kool Aid.


4 posted on 09/24/2010 1:41:07 PM PDT by max americana (Hoax and Chains, Dopeychangey)
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To: Oldeconomybuyer
Zer0 has the pedal to the metal, is in Drive, is wearing shades and has a pack of cigs as he goes over the edge.

Fwank is Thelma, Zer0 is Louise.

5 posted on 09/24/2010 1:41:07 PM PDT by Paladin2
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To: Oldeconomybuyer

I’d love to see this guy get voted out of office.

Are his numbers still under 50%?


6 posted on 09/24/2010 1:41:45 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Oldeconomybuyer

Miss Fwank seems a bit overly optimistic.


7 posted on 09/24/2010 1:42:53 PM PDT by Oldpuppymax
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To: Oldeconomybuyer
Photobucket Is this a Joke? Using what indicators as a guide? The recession is supposedly over too and we have near 10% unemployment, foreclosures are at a 15 year high, and consumer confidence is in the toilet. Liberals!
8 posted on 09/24/2010 1:42:57 PM PDT by xuberalles ("The Right Stuff" Conservative Novelties http://www.zazzle.com/xuberalles)
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To: All

Take off, Hoser!

9 posted on 09/24/2010 1:43:44 PM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: Oldeconomybuyer

He’s trying to take credit if the Republicans successfully turn the boat around.


10 posted on 09/24/2010 1:45:11 PM PDT by DannyTN
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To: Oldeconomybuyer

He’s trying to take credit if the Republicans successfully turn the boat around.


11 posted on 09/24/2010 1:45:19 PM PDT by DannyTN
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To: MissesBush

Let me guess... The Fed is now buying stocks!


12 posted on 09/24/2010 1:45:55 PM PDT by Deagle
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To: Oldeconomybuyer

Saying that things have gotten better doesn’t make it true.


13 posted on 09/24/2010 1:46:03 PM PDT by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: Oldeconomybuyer

Hell, the Dems have driven it so far down that soon it will only be able to go up!


14 posted on 09/24/2010 1:46:32 PM PDT by 84rules ( Ooh-Rah! Semper Fi!)
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To: Oldeconomybuyer

Yeah, he also said Fannie and Freddie were doing just fine...fool me once....


15 posted on 09/24/2010 1:47:07 PM PDT by marstegreg
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To: Oldeconomybuyer

ROTFL!!! It looks like Barney already took off!


16 posted on 09/24/2010 1:48:56 PM PDT by FlingWingFlyer (Don't listen to what they say, watch what they do.)
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To: Diana in Wisconsin

LOL! Love it!


17 posted on 09/24/2010 1:49:51 PM PDT by FlingWingFlyer (Don't listen to what they say, watch what they do.)
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To: Oldeconomybuyer
I believe the economy is, frankly, in a position to take off

N O V E M B E R 3 will be the day it starts to...

18 posted on 09/24/2010 1:50:12 PM PDT by NorCoGOP (OBAMA: Living proof that hope is not a plan.)
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To: Oldeconomybuyer
“Things have gotten better. They haven’t gotten better fast enough,” Frank said. “The biggest mistake the administration made was the prediction that if the stimulus bill passed, unemployment would drop below 9 percent. There was no reason to say that. Why make the prediction?”

Just one mistake of many but definitely a fatal one.
19 posted on 09/24/2010 1:51:52 PM PDT by TSgt (Dwayne Elizondo Mountain Dew Herbert Camacho - 44th and current President of the United States)
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To: MissesBush; All
"The only thing ready to take off are Barney Franks pants when a 12 year old boy is in the room."

Photobucket

20 posted on 09/24/2010 1:52:18 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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