Flaherty Rips Barney Frank & ‘Government Gone Wild’

NLPC President Peter Flaherty debates Julie Roginsky of Comprehensive Communications Group on June 5, 2009. CNBC’s host is Dennis Kneale.

UPDATE 6/9/09– Ian Swanson of The Hill is reporting:

Rep. Barney Frank (D-Mass.) said he doesn’t think his intervention on behalf of a General Motors center in his district will lead other lawmakers to do the same thing.

“I don’t think this will lead to a pattern,” said Frank, who convinced GM CEO Fritz Henderson to keep a distribution center in Norton, Mass., open for at least another 14 months.


The intervention has drawn criticism from those who question whether other lawmakers will ask for favorable treatment for GM entities in their states given the government’s pending plan to take a 60 percent ownership stake in the company after it emerges from a managed bankruptcy proceeding.

Barney claimed his intervention is good for the environment:

Closing it, he said, would have meant parts would have been sent to New England from a distribution center in Philadelphia, putting more trucks on the road and for greater distances.