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Thread: Ron Paul on the Second Great Depression

  1. #1
    Vulture of The Western World Eric's Avatar
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    Ron Paul on the Second Great Depression

    Gail - here's a real conservative. Why won't you support him instead of flag-waving, Bible-beating frauds like McSame and Evita Palin?

    The Creation of the Second Great Depression

    By Ron Paul

    Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.

    The events of the past week are no exception.

    The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters."

    That describes the current bailout package to a T. And we’re being told it’s unavoidable.

    The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences – predictable, that is, to those who understand sound, Austrian economics – are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!

    * The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
    * Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
    * Then there’s this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.

    There goes your country.

    Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don’t make me laugh.

    Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind – another example of the big choice we’re supposedly presented with this November: yes or yes. Now, with a backlash brewing, they’re not quite sure what their views are. A sad display, really.

    Although the present bailout package is almost certainly not the end of the political atrocities we’ll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.

    The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?

    When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?

    Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.

    Dr. Ron Paul is a Republican member of Congress from Texas.

  2. #2
    gail
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    Re: Ron Paul on the Second Great Depression

    Eric wrote <<Gail - here's a real conservative. Why won't you support him instead of flag-waving, Bible-beating frauds like McSame and Evita Palin?>> I might as well spit in the wind. A vote for Ron Paul will put Obama in the White House.

  3. #3
    Vulture of The Western World Eric's Avatar
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    Re: Ron Paul on the Second Great Depression

    Quote Originally Posted by gail
    Eric wrote <<Gail - here's a real conservative. Why won't you support him instead of flag-waving, Bible-beating frauds like McSame and Evita Palin?>> I might as well spit in the wind. A vote for Ron Paul will put Obama in the White House.
    They're playing you, Gail.

    A vote for either one is a vote for the same thing. The two-party system is corrupt to the bone. The only way out is to support a third party, or a revolution.

    And voting for McSame is unconscionable because it's a vote that says eight years of The Chimp/GOP incompetence (and evil) are just peachy-keen.



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    Re: Ron Paul on the Second Great Depression

    Ron Paul is the only one who is making any sense on this issue. The G*d d@mned country should be listening to him instead of Odumbo and John Insane.

    Gail -

    I think that you are mistaken by voting for McCain. McCain neither needs nor deserves your vote. He is a lying, grandstanding professional politician who resembles a white headed cockroach, his war record notwithstanding. He has run that pony into the ground.
    I wouldn't trust him to pour a glass of water much less occupy the oval office. As for Palin, she isn't too bright, but at least she is likable. ... But... you are not voting for likability. I haven't heard her say anything of substance since the start of this campaign.

    People say that those who vote third party are wasting their votes. The truth is the opposite. The American public is wasting theirs. Take another look and choose a different candidate. Your conservative neighbors may not like it, but who's asking them.

    McCain is unfit for command and so is Obama.



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