'This Week' Transcript: Rep. Barney Frank and Rep. Marsha Blackburn

STEPHANOPOULOS: Hold on. Hold on. Congressman...

FRANK: George, would you tell me what the rules are, please?

STEPHANOPOULOS: You were responding to her point. I want you to finish your response to her point and then have Congresswoman Blackburn respond.

FRANK: Well, I was trying to do that. She's the one who introduced economics for their political talking point position. The fact is that if you look at the charts that the Federal Reserve has put out, George Bush's appointee, Ben Bernanke, reappointed by President Obama, job losses peaked right about the time Obama took office. They have been climbing back up.

And in terms of jobs lost by women, part of the problem is that, thanks to Republican objections to our efforts to provide help for states and cities, a lot of teachers have been fired, a lot of social workers, a lot of municipal employees, and, in fact, private-sector jobs have gone up by about 4 million under President Obama.

STEPHANOPOULOS: OK.

FRANK: Public-sector jobs have dropped by over 600,000.

STEPHANOPOULOS: Let's get Congresswoman Blackburn to respond to that.

FRANK: That's a large part of the reason women have lost jobs.

BLACKBURN: George, unemployment among women was 7 percent when this president took office, and it's 8.1 percent today. And you have seen women in the last year lose jobs. And that is something you can go look at the bureau of labor stats. It is there.

I have great empathy for those women who are fighting, struggling, supporting their families. You know, the price of gas has gone up at the pump; they're concerned about that. The price of groceries, every time they go fill the cart -- when I'm in the grocery store, I will talk to women about these issues.

And I've got to tell you, the number-one thing they talk about is jobs, the economy. They're concerned about what is happening with the debt in this nation. They're concerned about how the burden of debt we are putting on our children and grandchildren is capping their future and trading it to the people that hold that debt.

FRANK: George, I've got to respond to that.

BLACKBURN: I have a 4-year-old that just turned 4 yesterday...

FRANK: George, George...

BLACKBURN: ... a grandson that turned 4 yesterday. And the fact that he now has $50,000 worth of debt on his head, these poor, precious children that we're burdening with this, because we will not -- the Senate will not take up a budget.

STEPHANOPOULOS: OK.

BLACKBURN: And you're not addressing the issues of debt and...

(CROSSTALK)

STEPHANOPOULOS: I want to get to another -- I want to get to another economic issue, Congressman, because there was another big economic issue this week...

FRANK: Well, George, I'd like to respond to that. You...

(CROSSTALK)

STEPHANOPOULOS: Well, you had your chance to make your point.

(CROSSTALK)

FRANK: ... question -- well, let me -- let me respond to that. In the first place, on the debt, these are the people who want increased military spending unendingly, who are critical of the president for trying to get out of Afghanistan. Yes, we are spending too much money. We are spending too much money especially...

BLACKBURN: You're right. We're spending...

(CROSSTALK)

FRANK: ... on these international -- I'm sorry. Can I finish a sentence? I don't -- Ms. Blackburn, I don't know what the strategy is that -- don't let him talk, bring up new subjects when George asks a question, but I would hope we have a civil debate here.

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