Barney Frank (D-MA) takes down Republican claims that the Democrats can somehow be blamed for the lack of regulation and other factors enacted from 1999-2006 that contributed directly to the our current economic crisis.
In the House of Representatives, the majority party has almost unlimited power over the minority party. The majority party owns the committee chairmanships; it controls what bills come to a vote; and it is under no obligation to consider the ideas of the beleaguered minority. When the Republicans were in the majority they ruled with an iron first; it is no accident that Tom DeLay was known as “The Hammer.”
That is why I find it particularly flattering the Republicans now claim that in the years 1995 to 2006 I personally possessed supernatural powers which enabled me to force mighty Republican leaders to do my bidding. Choose your comic book hero — I was all of them.
Rep. Frank is pretty hilarious – he’s got a great edge. And he’s got no problem using his sense of humor to skewer Republicans when they are being stupid. Jeffrey Toobin’s profile in the New Yorker earlier is worth a read if you’ve got some time.