In the debate between those who believe in essentially unregulated markets and others who hold that reasonable regulation diminishes market excesses without inhibiting their basic function, the subprime situation unfortunately provides ammunition for the latter view.
BARNEY FRANKToday, many people take for granted the notion that people whose lives are going to be very heavily affected by public policies should have a say in how they are formulated and carried out.
More Barney Frank Quotes
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The single most important thing you can do politically for gay rights is to come out. Not to write a letter to your congressman but to come out.
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I think there was an absolute, deep gap between consensual relations between adults, which people may like or dislike, and people who physically impose themselves on children or misuse their authority to impose on children.
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In America, unlike England, unlike Israel, unlike Japan, other democracies, we have elections that have staggered terms.
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I wouldn’t want [gay marriage] to go to the United States Supreme Court now because that homophobe Antonin Scalia has too many votes on this current court.
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If Bob Barr (conservative republican congressman from Georgia) caught on fire and I was holding a bucket of water, it would be great act of discipline to pour it on him. I would do it, but I’d hate myself in the morning.
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People are entitled to the presumption of innocence.
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In a free society, a large degree of human activity is none of the government’s business. We should make criminal what’s going to hurt other people and other than that we should leave it to people to make their own choices.
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They appear to have become so attached to their outrage that they are even more outraged that they won’t be able to be outraged anymore.
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Capitalism works better from every perspective when the economic decision makers are forced to share power with those who will be affected by those decisions.
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Excessive partisanship is the problem. There has never been a democracy in the history of the world in a polity of any size where you didn’t have political parties. Even sometimes over the objections of the people who started it.
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This bill is the legislative equivalent of crack. It yields a short-term high but does long-term damage to the system and it’s expensive to boot.
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Bush senior used to say that we have more will than wallet. So he urged the country to attack poverty with a thousand points of light, none of which could be eaten.
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Before this learning experience, I had assumed that with regard to programs that sought to help people out of poverty, the political world was essentially divided into two camps: conservatives who opposed these for a variety of reasons, and liberals who supported them.
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The public is ready now for a safety net for the middle class, something not just for the poor, but for everyone who will need help, from time to time, in order to own a home, educate their kids, keep themselves healthy or have something to retire on.
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But it is also clear that left entirely untouched by public policy, the capitalist system will produce more inequality than is socially healthy or than is necessary for maximum efficiency.
BARNEY FRANK