Barney Frank: "Bubbles in history have been cases of exuberant irrationality"

"Bubbles in history have not been cases of irrational exuberance. They have been cases of exuberant irrationality," blustered Barney Frank back in December of 2006 on the eve of his becoming Chairman of the House Financial Services Committee. A few flips and flops later, attempting to avoid taking responsibility for a national financial crisis largely precipitated by his and Chris Dodd's Fannie Mae and Freddie Mack con game, he faces a serious challenge from prospective citizen lawmaker Sean Bielat, not to mention14-year-old Adobe Flash CS3 Professional master of the universe Eli Bock of Newton, Massachusetts. For a hoot and a glimpse of the future — he's promulgated his totally awesome take on the current state of politics in his district for the immediate Newton North High community and the world beyond via Facebook and YouTube — see Eli's animation above and more below.

"I believe in retiring Barney Frank," says Eli Bock, the 14-year-old high school student from Barney Frank stronghold Newton, Massachusetts who's gumming up the works for the unwanted occupant of the People's Seat of Massachusetts District 4 with his brilliant animated take on the Brown Revolution, "Barney Frank Takes Us for a Ride. Sean Bielat, "The Marine Who Has Barney Frank Worried," is the challenger, and Eli Bock takes his cue from the man, using Frank's own words to skewer him.

In phone interviews this afternoon with the young man and his father — a fellow red stater behind enemy lines here in deep-blue Taxachusetts — we got a few facts on the ground about something we already knew: The Gramscian march through the institutions is alive and well in the Greater Boston suburbs. One anecdote from Eli's dad stands for the whole:

An in-class movie presented to Eli and his fellow students in physics class was a true believin' greenie's propaganda piece about those darned human beings. The topic at hand was diapers. Cloth? Bad for the environment 'cause you had to wash 'em with those pollutin' detergents. Plastic ones? Pollutin' the landfills. Solution? Don't have kids. [It called to mind the unspeakable totalitarianesque Climate-Change Propaganda of the 10-10 mini-movie "No Pressure"] This is what a ninth-grade teacher in one of the nation's top public schools is indoctrinating the kids with tahday. No wonder home schooling is enjoying an upsurge.

Update: Michelle Malkin Buzzworthy link!

Crossposted at Riehl World View and Liberty Pundits.

Comments

[tommy mc donnell]

no bubbles are caused by making banks and mortgage companies give loans to people who never paid back a loan in their life.

[Steve]

Thank You for posting this!!

I LOVE YOUR BLOG!!!

Steve
Common Cents
http://www.commoncts.blogspot.com

[stephen]

EXCELLENT! The word needs to get out about the Dems role in the the Community Reinvestment Act and the use of Fannie and Freddie to spread subprime mortgages throughout the economy in the form of bundled securities so that they became poison pills on Wall Street. Government Regulation (CRA from Dems) killed the economic golden goose of Capitalism, not the free market

[Hal]

"This is what a seventh-grade teacher in one of the nation's top public schools is teaching the kids taday[sic]."

No, that's the description provided by a clearly unobjective observer of what's written on a piece of paper which hasn't been produced.

[goomp]

Maybe the coming of Obama is the spark which will lead to the reduction of government largess to all the useless government employees who are overly paid for little or no productive work.

[Gayle Miller]

Barney Frank is - not to insult the equines among us - a horse's derriere! And that's on his best day.

How in the heck does he retain office? Are the people in his district just idiots?

Not one cat we know (Purrkey, Tiny, Rusty, Buddy, Tim the mouthy Bluepoint Siamese) - none of them would be as dumb as Barney!

[indy jones]

Let's see. Greenspan brings up irrational exhuberance in 1996 and Barney finally brings it up in 2006. So Barney is 10 years slower than Greenspan...I didn't think anything was slower than Greenspan. Has anyone checked Barneys pulse lately, perhaps he's "petrified".

[KingShamus]

Sissy, I hear good things about the Beilat-Frank debate last night.

I guess Barney got flustered a few times. Good. I hope Beilat gets into Frank's little pin head and stays there all the way until election day.