Barney Frank

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.

Trying 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.

We were giving advice for the single-worst idea to come forward from a group that’s been rife with them, it would be this: The idea is this: Let’s make the tax code of America better for very rich people; let’s give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we’re here to give tax relief to the richest 2% of America.

One of the striking things and Donald Trump is right, he gets no Democratic votes. It`s interesting there were Democrats from states some of them more conservative states that voted him, Indiana, Missouri, West Virginia, Montana, North Dakota. They`re not afraid of Donald Trump those Democratic Senators because they know more than he knows and know what the people want.

There 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.

Can I say one other thing that`s very important? I`m indebted to Donald Trump for a long time, we`ve had this problem that people disliked government. And the health care bill has shown reminded people and Donald Trump has shown people there is something a lot worse than government. It`s not government. That as bad as they might have thought the government was on health care, it`s now created people that the absence of government healthcare is even worse.

Alec Baldwin has done this great Donald Trump. I wish somebody would hire Leslie Jordan to play Jeff Sessions. The only way is to put the two of them out there. it is the most bizarre, pathetic silliness I can imagine at what should be the most serious deliberations in the American government.

Ronald Reagan got a lot of democrats. I wish he hadn`t. I got to Congress with Reagan coming to the Whitehouse. The Reagan Program, a very radical one, a very drastic one passed because he had a lot of democrats. He worked at it personally and also because Reagan retained a popularity.

The people who started the American government, the founders of the Constitution, didn’t like political parties but they were forced to start them. Nobody ever created political parties in England, they evolved. And there do tend to be two general tendencies that focus around how much government you think you need.