Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Big Board Prime Message Board

Barney Frank 'Appalled' By Obama Administration: '

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 5789
Posted On: 08/04/2014 8:58:13 AM
Avatar
Posted By: SaltyMutt
Barney Frank 'Appalled' By Obama Administration: 'They Just Lied To People'

By Zach Carter
08/01/2014 3:59 pm EDT


President Barack Obama and Barney Frank (AP Photo/Haraz N. Ghanbari)

WASHINGTON -- President Barack Obama made a major political mistake by lying about the details of his health care plan, according to former House Financial Services Committee Chairman Barney Frank (D-Mass.).

"The rollout was so bad, and I was appalled -- I don't understand how the president could have sat there and not been checking on that on a weekly basis," Frank told HuffPost during a July interview. "But frankly, he should never have said as much as he did, that if you like your current health care plan, you can keep it. That wasn't true. And you shouldn't lie to people. And they just lied to people."

Obama has taken significant flak in conservative circles for claiming that his health care overhaul would allow all existing health care plans to continue, when, in fact, new consumer protection standards would require some people to sign up for more comprehensive insurance. The law provides government subsidies to help people of modest means pay for the more robust plans. Frank is a strong supporter of the law, and he has repeatedly defended Obama and his legislative agenda.

"He should have said, 'Look, in some cases the health care plans that you've got are really inadequate, and in your own interests, we're going to change them,'" Frank said. "But that's not what he said."

A recent Kaiser Family Foundation poll found that Obamacare continues to be widely misunderstood, with a majority of Americans unaware that the law allows consumers to choose between different private sector health plans. Lying about how the consumer protection standards would function, Frank said, created an unnecessary circus around a program that would help people get better coverage.

"Any smart political adviser would have said, 'Don't lie to people, because you're gonna get caught up in it and it's gonna have this tsunami that you now have,'" Frank told HuffPost. "My political motto, very simple. I have always told the truth, and nothing but the truth. But I don't volunteer the whole truth in every situation."

http://www.huffingtonpost.com/2014/08/01/barn...42132.html?


(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us