In the West everybody recognizes the need for a private sector, pretty much, even the one Socialist group understands this now, and so there tends to be debate about how much public sector intervention you think is needed for a variety of reasons, and there are very important differences on party lines that should be fought out.
Barney FrankLet us not say that we will decide on a political basis at the national level that no State is competent to regulate the practice of medicine in that State if they decide to allow a doctor to prescribe marijuana, because that is what we are talking about.
Barney FrankThere is parallels these two great men John McCain and Ted Kennedy of great impact in the Senate, you don`t agree with everything they did but certainly they had major impacts as senators. Their one major political failure not to be elected president but that didn`t stop them from having enormous impact and at roughly the same age, exactly the same disease. It`s kind of a poignant sad parallel.
Barney FrankIn the West everybody recognizes the need for a private sector, pretty much, even the one Socialist group understands this now, and so there tends to be debate about how much public sector intervention you think is needed for a variety of reasons, and there are very important differences on party lines that should be fought out.
Barney FrankI can tell you about health care and also about the financial reform bill. The Barack Obama, the President personally and his administration officials at his direction were very much involved.
Barney FrankTrying to avert foreclosures, once you can't just force the banks to do it as a condition of getting aid, means that you have to put some public money into it or you have to do other things that are politically unpopular. From the macroeconomic standpoint there is overwhelming need to help people reduce what they owe so that we don't get the foreclosures and we don't get people kicked out of their homes. On the other hand, there is great resistance politically to helping people, not all of whom would be worth recipients of the help.
Barney Frank