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(s)Elections
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Title: Barney Frank gives $200K to his campaign
Source: politico.com
URL Source: http://www.politico.com/news/stories/1010/43860.html
Published: Oct 20, 2010
Author: Po Litico
Post Date: 2010-10-20 22:25:37 by abraxas
Keywords: None
Views: 140
Comments: 7

Barney Frank gives $200K to his campaign

Longtime Massachusetts Rep. Barney Frank has given his re-election campaign $200,000 as he faces his toughest race in years.

A campaign finance report filed Tuesday showed that Frank, the chairman of the powerful House Financial Services committee, lent himself the money Tuesday. Frank, a 15-term lawmaker from Newton, Mass., raised $316,644 last quarter and reported more than $1 million on hand with no debts.

His campaign didn’t immediately respond to a request for comment.

The chairman is facing one of his toughest fights in recent memory against Republican Sean Bielat, a 35-year-old Marine veteran with degrees from Georgetown, Harvard and the University of Pennsylvania. Republican Sen. Scott Brown won Frank’s congressional district, which President Barack Obama carried in 2008. Bielat has zeroed in on Frank’s service atop the financial services committee, indicating that the Democrat had a hand in the financial turmoil over the last few years.

Frank had former President Bill Clinton campaign for him earlier this fall.

A longtime public servant, Frank isn’t exactly a rich man. Financial disclosures filed with the House show he has assets between $560,000 and $1.5 million. He is not required to disclose the worth of his primary residence.

Read more: http://www.politico.com/news/stories/1010/43860.html#ixzz12w3fj75b

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#1. To: abraxas (#0)

Longtime Massachusetts Rep. Barney Frank has given his re-election campaign $200,000 as he faces his toughest race in years.

Founding Fathers made a fatal mistake when they decided against term limits.

Therein they lay the seeds of the destruction of this country.

Cynicom  posted on  2010-10-20   22:28:18 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Cynicom (#1)

Founding Fathers made a fatal mistake when they decided against term limits.

I agree Cyni.

Where are Barney's banking buddies? It would be justice for Barney to spend all his money before getting his pink slip.....and then get a foreclosure notice.

abraxas  posted on  2010-10-20   22:32:51 ET  Reply   Untrace   Trace   Private Reply  


#5. To: abraxas (#3)

"In the years leading up to the Constitutional Convention, the Founding Fathers were divided over the principle of “rotation in office,” as congressional term limits were then called. Washington and Thomas Jefferson favored it, while James Madison and Alexander Hamilton opposed it. Ultimately, term limits were excluded from the Constitution.[4]

Until the Civil War, there was little reason for term limits to become an issue, as few members of Congress chose to serve more than two terms. This began to change as Congress organized permanent committees, which were chaired by the members with the most seniority. With the incentive to increase their power in Congress, many members began serving for longer periods of time."

Cynicom  posted on  2010-10-20   22:38:53 ET  Reply   Untrace   Trace   Private Reply  


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