Barney Frank: Economy Is 'Ready to Take Off' September 24, 2010

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Representative Barney Frank (D-MA) argues that Obama's stimulus bill lessened the impact of the financial crisis on unemployment, and that the economy is set for a rebound that will serve the President well come the 2012 reelection campaign. "I think the economy is getting ready to take off," says Frank.

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Congressman Barney Frank (D-MA) sits down for a conversation with attendees of the Monitor Breakfast to discuss the state of the economy, the November midterm elections, and the implications of a Republican-controlled Congress. - The Monitor Breakfast

Barney Frank is the United States House Representative for Massachusetts's 4th congressional district since 1981. He is a member of the Democratic Party. In 1982, he won his first full term, and he has been re-elected ever since by wide margins. In 1987, he became the second openly gay member of the House of Representatives (the first being Gerry Studds) and is one of the most prominent gay politicians in the United States.

Frank became the chairman of the House Financial Services Committee in 2007 after the Democratic Party won a majority in the House. The committee oversees the entire financial services industry, which includes the securities, insurance, banking, and housing industries.