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Ron Paul on AIG bailout...Bad Monetary Policy


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9/17/2008 What we are dealing with in detail I am not professionally qualified to discuss (I'm not Sarah Palin, I know my limits.) But what we are dealing with in the grand scheme of things seems pretty simple. The US has been living beyond its means. The US has been spending and borrowing as if its economy were fiscally secure; and the demand for more and more from below combined with signals of More.. total laxity from the top has led to a massive over-reach in terms of personal and public debt. In the end, gravity and reality count, whatever the Republican AND Democratic propagandists want to insist.Like the invasion of Iraq and funding by BOTH parties, for which the US is still paying; like the massive Bush tax cuts, which were never matched by cuts in spending but combined with massive increases in spending; the home-ownership-as-speculation bubble eventually hit the reality this country's leadership has for so long denied.Greenspan says what is obvious: that we cannot afford McCain's continued tax cuts and minimal spending restraints. We cannot afford Obama's spending plans either. Neither candidate has been behaving with the gravity this crisis demands. But Obama AND McCain's trivial, deceptive, distracting tactics have been by far the worse. We told you so.Have a nice election... VOTE 3RD PARTY!

Channel: News & Politics
Uploaded: December 31, 1969 at 11:59 pm
Author: matrixxx123456789

Length: 03:50
Rating: 5.00
Views: 8434


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Video Comments

UnconcernedCitizen (December 31, 1969 at 11:59 pm)
Americans are revoltingly fat. Indeed, so much so that they will never be able to revolt.
osmark86 (December 31, 1969 at 11:59 pm)
no more golden parachutes! woooot! I mean, how will we pay for them? credit anyone?
navyman0290 (December 31, 1969 at 11:59 pm)
check this out , DOT commies bought houses in cali that was worth 100 thousand for millions at auctions , then the DOT COMMIES wwent bust , leaving the banks with bad loans , they were giving the DOT COMIES money like water they did not have , then Obama , PRESIDENT clinton passed laws for Sub prime loans, then the banks started fraud with fake appraisals , and the BROKERS real estate agents seen the cash cow , the debt was passed on to bush , now to the American people stand up now america
crashoppe (December 31, 1969 at 11:59 pm)
Last night the government passed a bill the people are against. We are now a comunist country. the government has over thrown the peoples dession. We do not need to bail out a failing system. We can put the money into a sysyem that works. The people that would suffer are the ones that caused the problem. If the people are working the economy is strong, thats all it takes
tjr247 (December 31, 1969 at 11:59 pm)
NO BAILOUT
antufeeva (December 31, 1969 at 11:59 pm)
vote for ralph nader, dr.paul supports ralph nader!!!
ralphtheray (December 31, 1969 at 11:59 pm)
ha.. They always start out trying to muscle him. but by the middle, he has them with his hard facts. then by the end, they are usually speechless.Proof our country has been hijacked? this man is not president.
UnconcernedCitizen (December 31, 1969 at 11:59 pm)
I will contribute to the bailout fund if Henry (Hank) Paulson — U.S. Treasury Secretary, former Goldman Sachs CEO, and all-around bald guy ponies up the $200 million in capital gains tax he was exempt from having to pay. It seems Hank made a bundle from 2003 to 2006 and did not have to show Uncle Sam the money. I made around $17,776 during the same period and though I have already paid Uncle Sam, I would cough in a few more bucks if Hank throws up, err in, his $200 million.
waftv (December 31, 1969 at 11:59 pm)
hahha excellent point as far as "period"..but it doesn't negate all of my carefully chosen words - this incident is LEADING to socialism. "ROBBERY" is certainly the beginning. force the people to pay for corporations' mistakes...that's what the original bailout plan was. this means that the people aren't protected from the next inevitable financial crisis - in which case the government will "come to the rescue" in order to "benefit the people" - only who will look after the proletariat?
azbacnikorange (December 31, 1969 at 11:59 pm)
LOl. "Period" End of discussion! What I say goes! Ok there Bush : ) Socialism is meant to embody the people, not corporations. The banks are PRIVATIZED. Privatized is opposite of SOCIALISM. When taxpayers are forced to pay for a company they don't own---that's called ROBBERY. I'm not trying to make fun of you or be a dick but you don't understand the definition of socialism and its kind of ignorant. Why speak about something you don't know about? I dont understand.


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