I have already written about the Guinta ad that promises Frank will “fight to help middle class families pay for child care.”
Is Frank going to help those middle class families from his own income? Even his mysterious $250,000 bank account would run out before he had helped too many families. Either it will come from taxes, in which case, middle class families will be paying for it; or it will come from the Fed increasing the money supply, in which case it will erode families’ purchasing power, meaning it will make it harder to, in President W’s words “put food on the American family.” And they can thank Frank and the rest of the Congress for that. There are, of course, other possibilities: Frank could propose diverting money form the Pentagon to pay for child care. But that’s not likely. Not when we have to kill ISIL extremists (they’re more moderate when they’re dead) at millions of dollars per bullet and more millions per missile.