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Barney Frank and Ed Schultz Fight Over Wall St. Bonuses, Condescension

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schultz_11-10MSNBC host Ed Schultz usually reserves his toughest political shots for those on the right.

But last night, in an interview with Democratic Rep. Barney Frank, things got heated as the pair debated Wall Street bonuses.

“We dished out billions of dollars to Wall Street and they’re doing the bonus dance right now,” said Schultz early in the exchange. “That wasn’t in the fine print, Barney, you know that.”

“Ed, don’t condescend to me,” said Frank. Schultz: “I’m not condescending to you I’m just trying to get to the bottom of the story.”

Frank drove home the point that “liberals missed the boat here,” in their attacks on Democrats for letting the bonuses go through, and to such a high degree. Frank pointed to the Bush Administration as the problem, not the current one. But Schultz wasn’t satisfied. “You can’t tell me that 119,000 people on Wall Street just happened to qualify for a quarter of a million dollar bonus here,” he said, which got Frank yelling that that wasn’t what he said.

It was a lengthy, tense interview between two individuals who agree on a lot more than they disagree with. The frustration of Schultz over the bonuses and Frank’s frustration over the accusations that there was something he could have done about it led to several explosive moments. Frank was characteristically argumentative, but in a style usually reserved for a showdown with Bill O’Reilly and not one on MSNBC, which might traditionally be a more welcome environment for the Democratic congressman. But with Schultz’ pressing – toward the end he said “I don’t want to leave this interview with any misconceptions right now: You’re ok with the bonuses?” and Frank just exploded – we got a surprisingly combative exchange.

Here’s the full interview:

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  • ChrisNH

    This incessant ‘pointing backwards’ loses steam each and every time Liberals try it. Frank is most certainly losing all sense of composure because he realizes that all this is happening on his watch. He ought to be very, very thankful for that unhinged, loony congressional district in Massachusetts that keeps him ‘employed.’ For fun, take a look at a geographical map of his ‘District’ and try to make sense of it.

  • Jim R

    This interview is actually quite instructive in terms of contrasting how “liberal” media sources take on Democrats time and again, while the media on the right very seldom take on Republicans or conservatives.

    There’s absolutely no comparison between the daily beatings Democrats take from those who are ostensibly or actually liberal, and the sycophantic soft balls tossed into Republican strike zones by Fox and a plethora of right wing media.

    It’s called intellectual honesty – See Rachel Maddow, Seymour Hersch, Amy Goodman, Glenn Greenwald, among many, many others.

    Give me four comparable examples of right wing journalists or outlets with similar records of consistently calling Republicans to account (Critiquing G W Bush after he already ruined the country doesn’t count).

    They don’t exist and that’s by design.

  • http://trickletown.vox.com/ Trickletown

    Jim, I would submit that Mr Frank is the same interview whether done by a Ed Shultz or a Bill O’Reilly. Accusations of condescension and more heat than light.

  • Bulletinizer

    Hope and Change in Flames…

    •13 men and women are slaughtered at Ft. Hood and mounting evidence shows a PC U.S. Army aided and abetted al Qaeda.

    •Americans are so broke they fear spending $1.2 trillion for health reform will cripple their great grand kids, grand babies.

    •Speaker Pelosi has just un-muzzled Rachel Maddow’s millions of pro-abortion lefties to leash 40 yappy pro-life blue dogs.

    •Unemployment is a serial killer blackmailing for more stimulus money and promising to slash wing-tipped political throats.

    •Democrats act giddy after losing two big state governors and narrowly winning NY23, but not against any real republican.

    •Blue state Independents are fleeing liberal rule in historic numbers and trampling town hall’s everywhere blood red.

    •The current president is trapped in a sticky web of unmasked illusions and inescapable lies unspun by his oily alter ego.

    •In 2010 and 2012 the GOP may rise again from the ranks of W’s rotting undead to bury Obama’s Id.

    I think that sums up the state of state affairs, but feel free to add your own.

  • germ

    Jim,

    Put down the WH talking points and take some time to actually get the facts before typing.

    There are heated exchanges all the time between conservative lawmakers and the “media on the right.” By the way, you are confusing “journalist” with “commentator.” Rachael Maddow is far from a journalist, but I like her as a commentator, although I don’t always agree with her. I concede that the tone is different, but there are heated exchanges.

    Every single of the left’s conservative scratching post commentators (Rush, Hanitty, Beck, Levin, Savage, Ingram, Coulter) called out Bush for the bailouts and outrageous fiscal spending during his terms, but the left has selective hearing (meaning that any critisism of Bush by the right wasn’t heard by them so it never happened).

    (Bonus! the commentators also repeatedly called out the R’s before they lost the house in 2006 for spending like crazy).

  • ImNotBlue

    Jim R says:
    November 10, 2009 at 11:49 am

    …the media on the right very seldom take on Republicans or conservatives.

    A lie.

    There’s absolutely no comparison between the daily beatings Democrats take from those who are ostensibly or actually liberal, and the sycophantic soft balls tossed into Republican strike zones by Fox and a plethora of right wing media.

    Another lie.

    It’s called intellectual honesty…

    And lying.

    Give me four comparable examples of right wing journalists or outlets with similar records of consistently calling Republicans to account…

    Look up comments from “right-wingers” about Mark Sanford, after his affair was exposed. Heck, even in the National Review, the word was, “He is a disgrace, and should resign immediately.”

    It’s easy for you to throw around lies, isn’t it… and then claim that someone else has to do the work to disprove them. But, you’re still just lying… and it’s not hard to prove. If you wanted to really know, you’d do the work yourself, but you’d prefer to lie because you think it helps your cause. Too bad nobody’s buying it.

  • Jim R

    germ & ImNotBlue – Thanks for so ably demonstrating the utter vacuity of right wing “thinking” – state as fact that which is not in evidence and combine it with good old fashioned right wing ad hominem attack.

    While anyone can list dozens of “liberal” news sources and commentators attacking Obama from the left on an array of issues, 99% of the right was supportive of the Iraq war, spying on Americans, tax cuts for the rich, torture, gutting federal regulations and blaming the poor and minorities for the resulting implosion, blaming Katrina on hapless mayors and governors after demoting FEMA, etc, etc, etc.

    Rush was giving Cheney all the free air time he wanted very late in the second Bush term to spew his false assertions and invective, and complained of having to carry the Bush/Cheney water even later.

    The robotic fact free adulation of conservatism in general and Republicans in particular by the right wing media continues, even with the rare forced admission of malfeasance by their benefactors; and is only matched in intensity and fact avoidance when attacking all things “of the left”.

    Thanks again for exemplifying my point.

    I’m still waiting for those four examples of intellectual honesty from anyone on the right when it counted.

  • http://trickletown.vox.com/ Trickletown

    As far as I’m concerned, Bulletinizer and Jim R have cancelled each other out. Friggen entrenched ideologues.

  • Puter Boi

    This is the very same Barney Frank who tried to convince everybody a few years back the he didn’t know his boyfriend was running a “call boy” franchise out of Barney’s basement….

    So why wouldn’t he try to convince Ed, anything he thinks Ed would believe, about Wall Street bonuses etc.?

  • germ

    @ Jim R

    [i]Thanks for so ably demonstrating the utter vacuity of right wing “thinking” – state as fact that which is not in evidence and combine it with good old fashioned right wing ad hominem attack.[/i]

    Thanks for letting me know how I “think”. I’m not even close to being a right-winger. I fall on the right of most fiscal issues but I fall on the left on almost all social issues. I guess my points are lost on most progressives (I refuse to call the far-left liberals) because it requires thinking, most of your talking points come out of the MSNBC, KOS, or HuffPo bullet points.

    While anyone can list dozens of “liberal” news sources and commentators attacking Obama from the left on an array of issues, 99% of the right was supportive of the Iraq war, spying on Americans, tax cuts for the rich, torture, gutting federal regulations and blaming the poor and minorities for the resulting implosion, blaming Katrina on hapless mayors and governors after demoting FEMA, etc, etc, etc.[/i]

    - Iraq War. You are right, I supported the Iraq War, heck, I even served in it while in the Intelligence Corps of the US Army (my barracks were right across from where the Ft Hood shootings took place). I saw the live intelligence coming in from Iraq (no Bush or CIA spin there!) and anyone could have come to the same conclusion. Did I support the Army strategy of how we went in there, no, but that wasn’t my call.

    - Wiretapping (or as you called it “Spying on Americans”). Do I support the CIA/FBI having all the tools available search out sleeper cells in the US, yes, but then again that might be because all the information is not available to the general public. Do I support a KGB Thugocracy in which you suggest? of course not.

    - Tax Cuts for the Rich. While the rich did receive some tax cuts, It’s funny how the progressive talking points forget to mention that the middle and lower class had the largest chunk of the tax cuts when Bush cut the taxes. oh, BTW Pelosi is letting the Bush Tax cuts expire which will be one of the largest tax increases on the middle and lower class in American history. I guess that just doesn’t fit into the progressive narrative.

    - Torture. If you call waterboarding torture, then you can say I am for it. Compared to what these guys did to their fellow contrymen, just because they happen to be a different sect of the same religion, waterboarding is a day at the spa.

    - The Houseing Crisis. I blame Clinton, Bush, Dodd and Frank on this for imposing more regulations forcing banks to have a “quota” on low income families.

    - Katrina. You are right, I do blame Louisianna’s Governor, Mayor and FEMA for not inacting an emergency plan. Bush declared it a disaster days before Katrina hit. I was living in Dallas at the time and saw everything step-by-step. Most of the evacuees came to Dallas. It is the job of the state at that point to get everyone out, not the Federal Government and with Bush declaring it a disaster, the state had direct control of the Federal support systems. FEMA’s reaction was slow, but that was partially due to not being able to get to the area. Pumping began within 48 hours.

    etc, etc,etc, Yes, I have a point of view that may mirror some “right wingers,” but that is because I have lived through or I have direct experience in those examples. Misinformation is the worst part of the media today. They don’t straight out lie to anyone, but they don’t give all the facts, only the facts that fit their narrative. That is why you shouldn’t rely on only one news source, but take it upon yourself to get educated on the facts before forming an opinion.

  • ImNotBlue

    Jim R says:
    November 10, 2009 at 1:35 pm
    germ & ImNotBlue – Thanks for so ably demonstrating the utter vacuity of right wing “thinking” – state as fact that which is not in evidence and combine it with good old fashioned right wing ad hominem attack.

    Um… didn’t you JUST do that with your opening line? Doesn’t that make you a self righteous hypocrite? (Come close… yes… it does…)

    99% of the right was supportive of the Iraq war

    And so were the vast majority of Democrats in Congress… including the current Vice President.

    spying on Americans

    A program re-issued into law by Pres. Obama.

    tax cuts for the rich

    Or big federally bankrolled bonuses under the more recent Democratic stimulus bill.

    torture

    How’s closing Gitmo going?

    gutting federal regulations and blaming the poor and minorities for the resulting implosion

    Lie.

    blaming Katrina on hapless mayors and governors after demoting FEMA

    Hapless DEMOCRATIC mayors and governors… a mayor who was RE-ELECTED.

    Rush was giving Cheney all the free air time he wanted very late in the second Bush term to spew his false assertions and invective, and complained of having to carry the Bush/Cheney water even later.

    Relevance?

    Thanks again for exemplifying my point.

    Which one is that? The one where you don’t know what you’re talking about? The one where you’re selectively outraged based upon (real or otherwise) political party? The blatant hypocrisy you’ve demonstrated? Which one?

    I’m still waiting for those four examples of intellectual honesty from anyone on the right when it counted.

    Yeah… you keep waiting on that one. You make an outrageous claim… one where YOU offer no proof or evidence, and then set up guidelines for how someone can prove you wrong. I got a better idea… why don’t YOU offer some proof, since you’re the one talking out your backside. If you read above, we’ve given you examples… you of course will ignore them, to once again spout your lie as fact. If YOU want to be a lunatic, fine… but I have no responsibility to humor your delusions.

  • Jim Treacher

    Barney needs to relax, get blazed.

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