Barney Frank is the new chairman of the House Financial Services Committee, which makes him one of the most poweful members of Congress when it comes to economic policy. And he says this:
Frank was not specific on every proposal, but he said he intends to hold hearings into income disparity and what the government can do about it. He is also proposing a "grand bargain" that will tie trade bills, regulatory relief and other business-friendly legislation to mandates on increased wages, union empowerment and health care coverage.
"Government doesn't have to interfere with the free enterprise system, but we can work along with it to reduce inequality," Frank said.
He wants to find a way to coerce companies to increase wages, make union membership easier and spend more on health care, and he thinks that is not intefering with free enterprise? Lord almighty. Like too many in his party, Frank is obsessed with "inequality," which of course requires more and more government to redistribute the wealth. What abysmal ignorance and insufferable arrogance.
