Friday, October 29, 2010

Rep Barney Frank is sweating his re election this term ?

You may have read the extraordinary news that Barney Frank felt he had to personally loan his own campaign fund $200,000, adding to the almost $3 million he had raised from fat-cat donors.

This means he’s sweating. He’s worried he could lose. Believe it or not, Barney Frank could lose his seat.

He’s in trouble because he’s the poster child for the mortgage mess and the housing collapse.

Don't forget it was Barney Frank who, as chairman of the Banking Committee in 2007, continued to push for easy mortgage rules — even for people who couldn’t afford them and had no business getting mortgages.

In fact, the evidence shows that Frank prevented oversight and regulation of the mortgage business — setting the stage for the massive economic meltdown we have been living through.

As one of the most powerful Democratic members of Congress, Barney Frank did absolutely nothing to rein in Fannie Mae and Freddie Mac.

This ended in disaster, causing caused misery beyond description.

When Bill O’Reilly grilled him about this on his show, he hemmed and hawed and then he just shouted. But the Barney Frank story gets even worse.

What I am about to tell you is simply astounding.

As chairman of the powerful House Financial Services Committee, Barney Frank was actually in charge of overseeing Wall Street.

After helping create the whole housing and mortgage collapse, then became the architect of the infamous $700 billion Wall Street bailout!

Remember — this was a time that folks like you and I on Main Street got no help at all as our housing values and stock portfolios plummeted and folks all over the country lost their jobs, businesses, and homes.

But now it really gets sick.

I recently discovered who actually is donating to Frank's campaign fund.

Lo and behold, the big donors to Barney Frank’s campaign are from big Wall Street and financial services companies!

Frankly, this isn’t a matter of partisan politics. It’s a matter of honesty.

Barney Frank is running scared because he’s been caught!

Even in liberal Massachusetts Barney Frank is on the ropes. Let’s knock him down for the count.

That’s what Super PAC for America aims to do, funds permitting.

Our powerful TV ads are working!

When we started Super PAC for America, no one was predicting that more than 50 Democrats would lose their seats in Congress. The influential Cook Political Report now predicts 60 or more.

Some Washington insiders are telling me that as many as 75 Democrats could be defeated and that a total of 113 Democrats are vulnerable!

This is like a live auction. Do I hear a bid for 100?

The more you give, the more damaged trees we can chop down.

We’re almost up to the $4 million mark. For each extra $1 million we raise, we can beat seven more Democrats!

I must make additional ad buys for this weekend, the Super Bowl weekend for congressional politics!

Senator Chuck Schumer anxoius to replace Harry Reid

With Harry Reid in serious danger of losing re-election on Tuesday, Democrats are naturally wondering who might replace him as the party's top leader in the Senate should he not return to Washington.

It's no secret that Chuck Schumer desperately wants the job, and today, the New York Times examines the senior New York senator's attempts to quietly position himself as Reid's successor. In perhaps the only time the word "subtly" has ever been used to describe the brash attention-getting Schumer, the Times notes that he has been doing everything he can to help out fellow Dems in need — contributing cash, headlining campaign events — in the hopes that they'll remember him when it comes time to elect party leaders in the next Congress.

There's just one problem: Schumer isn't alone in his leadership ambitions. Illinois Sen. Dick Durbin, Reid's current No. 2 and, perhaps most awkwardly, Schumer's D.C. roommate, also has designs on the job (and, as we noted months ago, the support of the White House).

see this complete article at
http://news.yahoo.com/s/yblog_upshot/20101029/el_yblog_upshot/chuck-schumer-really-really-wants-harry-reids-job