Ron Paul's Texas Straight Talk on the Bailout

I wish Dr. Paul was my congressman. I'm no genius and I'm certainly not a seer, but I can see the dark times ahead. These men and women we elect into office are supposed to intelligent people. For the most part, this is not the case.

He is right. Again congress did not listen to the people. You don't spend money to get out of debt. And buying "toxic loans" is not an investment.

Ron is most likely correct. It is my belief that unless we can strongly encourage the resource development and manufacturing side of the economy, we will have to "inflate" our way out of this problem. Inflation is the enemy of the poor, the retired individuals, and wage earners. We are simply trying to prop up an already inflated real estate market that was "social engineered" by our well meaning Democratic "friends" who refused to allow banks to use a "reasonable" person standard in loan underwriting. This "bail out" will not solve the problem, only make it worst a few months or years from now.

Dr. Paul is speaking sense. However, I do not think our elected officials will do anything but kick the problem down the road until it becomes impossible to do so any longer. The monetary system will collapse before Congress acts responsibly.

Emac, I have always followed your articles, and you are quite the intelligent person. You work extremely hard to break down the details so we all can understand the micro to the macro and how to connect the dots. More importantly, you have what the other writer Cody has: A desire to be honest. Your intelligence and honesty is a wonderful contribution to our society. Thank You for allowing Ron Paul another bit of platform.

I hardly recognize what America has become. Socialist. What a better country we would live in if Ron Paul were President. Wake UP America!

Sadly Ron Paul is telling the truth. How did Americans become so ignorant of basic economic principles? Our Reps in congress either are as clueless as they sound or purposely deceptive by not pinning the source of problems on Fed policy, market manipulation, gov't support for Freddy and Fanny leading to malinvestment. There is not now or never been a government which can protect people against the market. It can only smooth things for short term gain with very big blow back later.

All too unfortunately Congressman Paul is correct. This bill laden with "pork" and putting our government in to business using tax payer dollars is the height of socialism. There are too many free market ideas floating around that should have been put into effect before spending $700B plus on bad paper and all the legislator's pork projects. Yes, some things in the bill have merit. Overall, however, it's awful and America is in for a tough time. I feel sorry for the winner of the Presidential race. What a mess to step in to.

When Ron Paul was a candidate he couldn't buy attention, now that we are headed for disaster everyone wants his opinion. It's basic finance. As a country we don't have the money. So we will print it, borrow it from overseas or raise taxes to cover it. These representatives are either irresponsible, criminal or just plain stupid. Remember their names, and vote them out!

Thank you MRS. MCDonald! Great article and Please spread the word. I have been a Ron Paul advocate ever since I hear of his name in the Presidential race last year. I too have been learning from the Ludwig Von Misses school of economics and I too believe every word Ron Paul has said. I have challenged the political arena to the fullest and am quit certain I am being taxed with out any representation from my country (or what is left of it). This was one of the main reasons why we split from England many decades ago. Will the same thing happen in America? I think America was set-up perfectly with the constitution and our current politicians have no understanding of the constitution. Keep up the articles, we need to let as many people know...and no i am not a chicken little. The current administration are the chicken littles running around saying the sky is falling and scaring the people who thrive off of this economy. shame on them! Bunch of pessemistic immoral alturistic parrasites

I am afraid that Rep Ron Paul may be correct. We are just delaying the problem. Our whole system is based on short term fixes. If it is US congress the fix is about one year, because we have to run again next year. If it is US Senate we may look at a 2 year period, because some are elected every two years. The CEO of big business is looking at 3 months, because they need good numbers for the quarterly report. I do hope Rep Paul is wrong, but I doubt that he is. This bail out is wrong and we and our children will pay for it in the future.

Why is no one listening to dr. paul?????????? This country is finished.....after this bailout.... I hope all you people at fox news that spread propaganda for a living feel good about yourselves when this thing comes crashing down...... the dollar is finished and we are in for some very hard times..................... good luck.....

American's are so stupid we can't even get out of our own way. Want proof of this? The only man who consistently upholds his oath to the constitution is considered a kook by the masses. I liken it to all the inmates of a mental hospital believing their doctor is the one who's crazy. Americans are dumb, fat, and uninformed. We can pack out football stadiums and Nascar tracks but we don't know sqwat about the Constitution, Liberty, or the Founders. We can quote irrelevant sport stats all day long. We get what we deserve. Despite what fluff candidates like Obama and McCain say about "America's best days being ahead", that's a big fat lie. The reality is, we peaked along time ago. We're on our way out.

I am not a Ron Paul fan, but he has this correctly pegged. As an economist I have to say the biggest culprit here is "Easy Al" Greenspan. He is supposed to have been the adult in a room full of children (congress) playing their "spend money and buy votes" games. Al Greenspan was supposed to have been the cop, but instead he became the pusher of the drug of easy money. He abandoned his role at the Federal Reserve because he did not want to rain on this parade. And then he left town when the problems created by his easy money policies caught up to our economy. History will not judge him kindly.

Thanks for the good fight & words of wisdom but it's not just our money lost today.

We have just seen the proverbial final straw that will break the camel's back. God help us all.

I'm a 61 yr old retired military officer. Today is the first time I've ever been ashamed of my country and our form of government. Common sense and dignity no longer apply, and for some reason life is always supposed to go well, with no downturns. The 2 things my parents generation bragged about were WWII and the Great Depression and how they survived and the world got better. Like Mr. Paul said, it's time to take our medicine and get it over with.

Why can't this man be president! Why does the media always have to cheer on big gov't and try to sell propoganda to people. Paul couldn't get 1 minute of airtime until this crisis and people all of a sudden realize that he is the smartest man on capital hill. Thanks for finally letting him tell it how it is but I fear it is much to late. The media in this country has turned into nothing but a bunch of whining, ivy-league educated, ideological, socialist trust fund babies with no interest in actually reporting the news or telling the truth. Main stream media outlets are generally nothing but propaganda. Give Ron Paul some coverage! He can lead this nation back to prosperity!

Dr. Paul is saying, and has said, what more than 90% of Americans believe to be absolutely true. Those of us who fully expect to work for what we get and expect to suffer or enjoy the consequences of our choices/actions, have precious few advocates and those advocates are not being heard ... thank the media. 99.9% of government officials, elected or otherwise put in office, in Washington serve only themselves. They have absolutely no interest in the welfare of anyone who cannot line their pockets with power and/or money. This is not just unethical, it is criminal ... perhaps even treasonous. My anger at these idiots knows no bounds. I am ready and eager to be a part of a groundswell of effort to "throw the bums out" - regardless of party - and see them prosecuted if possible!

We will not give up and we will continue to fight this reckless spending. Congress is probably scared now because we are watching every vote they make. I don't know if Obama or McCain would be worse, but what I'm hoping for is that all of Congress (except for Ron Paul) that is up for re-election gets thrown out this November. My personal hope is that Obama wins, but the Democrats lose Congress. That way we hopefully won't be going to any wars, at the same time we will be able to put a check on the crazy spending Obama planned. Obviously we don't have enough money, we didn't before, and we definitely don't now. If they really needed this bailout the only way they could've justified it is if they cut 700 billion in spending somewhere else. As it is, they put us in a deeper hole.

I couldn't agree more!

There is no shame and we are doomed.

1) Every incumbent running for office who voted yes on the bail out needs to be named by the media in the form of a list.... discussions about why they should be voted out of office... or why we thank them can begin now. 2) Same thing with our candidates.... Are they political party puppets or do they have American best interest guiding them? If they are puppets of their party - we should rebel by writting in Ron Paul as our next president. SY Mike

Ron Paul Revolution FOREVER!

Finally, someone giving the voice of reason its due. Ron Paul explained what was going to happen a decade ago, it happened and now he forewarns us of what is to come. Maybe we should listen this time.