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But wait, there’s more. NR also notes: “(Frank) was sexually involved with a Fannie Mae executive during a time when he was voting on laws affecting the organization. The final cost of the Fannie/Freddie bailouts will run into the hundreds of billions of dollars, and the real damage that the organizations did to the U.S. economy — and the world economy, for that matter — probably is incalculable.”
UCLA political science professor and economist Tim Groseclose estimates that the pro-liberal mainstream media add 8 to 10 percentage points to the ratings of a Democratic candidate in a typical election. The bias comes in many forms, including simply leaving relevant things out, thus helping to shape public opinion that aids Democrats and hurts Republicans.
The coverage of Frank’s retirement shows how this is done. How would consumers getting their news from ABC/NBC/CBS/Times learn that Frank was reprimanded by Congress? They wouldn’t. How would consumers getting their news from ABC/NBC/CBS/Times learn about his central role in the housing meltdown? They wouldn’t.
At a 43 percent Gallup approval rating, President Barack Obama presently governs with the worst approval rating at this juncture of any president since Harry Truman — including Jimmy Carter, whose popularity temporarily spiked after the Iran hostage crisis. Imagine where Obama’s numbers would be if the media did not serve as a public-relations arm of the administration.
But thanks to the media’s love and support, the bullying Congressman Frank gets to leave Congress with his head high instead of what he deserves — the deep and widespread scorn of the American people.
But there’s worse news.
The ranking Democrat who stands to inherit his position on the powerful House Financial Services Committee is none other than hyper-lefty Rep. Maxine Waters, D-Calif. Waters is currently under an ethics investigation for not disclosing her financial interest in a community bank for which she successfully obtained a bailout. After accusing, without evidence, oil companies of price fixing, she threatened to “socialize” them — or, as she explained to the oil execs, “Basically, taking over and the government running all of your companies.”
On second thought, maybe Frank wasn’t so bad.
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