Tea Party backlash of 2010 has done more good - Barney Frank to retire

Rep. Barney Frank to retire

Updated at 5:19 p.m. ET

Facing a changed political map, Massachusetts Rep. Barney Frank will not seek re-election next year.

His move, announced at a 1 p.m. news conference in Newton, Mass., ends more than three decades in Congress, where he is known as a liberal firebrand and put his mark on the most sweeping overhaul of banking and financial-industry regulations in decades.

Frank, 71, said a redistricting plan signed into law last week would have required him “to campaign in a district that is almost half new” and divide his loyalties between new and long-time constituents. Under the plan, Frank’s district lost the Democratic stronghold of New Bedford and included more conservative communities.

Now he gets to enjoy his payoff from passing Dodd-Frank in private, just like Dodd.

Frank is probably the #1 reason for the housing market crash.

Repubs said for years the damn law they were pushing was going to cause a crash, and Frank later admitted that he actually thought they were just being partisan and he did not act.

/guilty

Watch this one through to the end…

(2005)

This man got re-elected with 54% of the vote.