Just think: Come January 20th, we could have Barack “Spread the Wealth” Obama in the White House and guys like Barney “Fannie & Freddie” Frank with filibuster-proof margins in Congress. It’s going to be a rough next 2-4 years, folks.

This isn’t some kind of oddity amongst Democrats or even Obama, of course. As DrewM. says, Frank just let the mask slip. Obama talks about raising taxes on the “wealthy” and Frank talks about a whole group of people that he could tax more to help lower the deficit (or, you know, pay for government programs). They have the same ideas, Obama just hides his better. Pelosi and Reid are already drawing up their Christmas lists.

Ed Morrissey:

Frank has a large amount of chutzpah to talk about recovering money. Frank and his cohorts in Congress ensured that we lost the money by blocking regulators from doing their jobs at Fannie Mae and Freddie Mac. Frank himself kept telling us from 2001 to this year that Fannie and Freddie were solvent and that there wouldn’t be a collapse — and so we didn’t need to toughen oversight over their business practices.

Look at Frank grin while talking about all of the rich people he’ll soak with new taxes if given the chance. Frank loves his class warfare. He’s one of the architects of this financial collapse, and now he wants to make sure that the collapse is complete by confiscating the capital that would correct it. I’m not sure if he’s insane or just stupid, but neither makes me terribly comfortable while Frank remains chair of the Financial Services Committee.

Nor I.