Ron Paul's Texas Straight Talk on the Bailout

My second attempt at this posting... It is interesting how this author has the courage to actually report! I have been so amazed at the NY rages (and many others) that cause the news and the election based on the influence of the few power families (Morgan s, Rockefeller s, and the like). It is clear that this path to indebtedness will only lead to more power into the hands of the few and the American people more indebted/enslaved than ever. This is the point anyway if the truth should ever be told. I have come to these conclusions with out even the notion of who Ron Paul is. Now that I have discovered him, I am a big supporter in only the last week. We clearly need to go back and re-read our history to see this is the very reason our founding fathers decided to separate from the English/Central Bank. Now it is taking over in the form of the Federal Reserve. We should all take heed if we want to stay a free nation. In this case freedom means freedom form the central banks plan of indebtedness. Ken

Too bad the other news sources will not print some of the alternative options to this bailout, good article.

I am ashamed of the lack of input by the community on this post. ZERO comments made? On a timely subject that has the internet community in an uproar? Something tells me foul play is afoot, which may clarify why an associate to Murdoch's media empire would step up and spell out precisely what the problem has been for over 50 years. How dare you silence dissent? Do you understand that those are precisely the ways that lead us down our spiral in the global market, to ignore those who chose to examine the situation critically? Global business and international politics makes itself on changing the rules to their favor as opposing leaders challenge their place as number one. I only hope you're not too hard on yourself when your top heavy scheme topples over someday. If you make friends by putting collars on your allies, you will become your own worst enemy.

Why aren't the responses working? I posted yesterday.

Unfortunately this coverage comes too late. The time for open debate and discussion was before the $#it hit the fan. When everything is in the crapper, it's a lousy time to try and evaluate the best course of action. Ron Paul has been talking about these issues for decades. I'm sure he would have preferred to be wrong but I'm afraid that he knows what he is talking about. The real question is, will we be able to recognize the United States of America after being rescued? Will we give up our essential freedoms and beliefs in a quixotic quest for financial stability and global respect? I would hope not but history as well as present indications say otherwise.

It makes me sick to the very core of my stomach to think about how recklessly these millionaire government officials are acting. They tried to look like they cared about the American people by originally turning the bill down but passed it anyway with very little changes. It's still $700 BILLION DOLLARS!!! It's practically an imaginary number to the average American. The government demands so much money from people and turn around and gives it away to people who don't appreciate it. I don't want to loose everything my husband and I have worked so hard for but our house is now in default. We're just praying that a combination of luck and God helps us catch up the mortgage payments before the Repo Man actually comes knocking on the door. Why did we get behind? We make the same amount of money we did before. We've given up buying EVERYTHING that isn't absolutely necessary to survival. We stopped going to dentists and doctors because that's more money we don't have. What medical attention we have had in the past couple years, we still owe money for. This hasn't been enough because the price of food and other necessities, electricity, phone, gas, and cable all went up. We have to have a phone because we have an 18 months old daughter. If something happens to her, we need to be able to call and ambulance. AS far as the cable, we could afford it when we got it so we signed a two year contract. Hopefully, in a few months, we'll get rid of that expense (unless they count the times it has gotten disconnected and reconnected as a starting-over point). OK, I know no one here wants to read all of this. Everyone has their own bills they're trying not to worry about. That's my point. We're all tapped out. No one can afford this. Why isn't it illegal to be so reckless and careless with America's money? They're spending money like someone else is going to pick up the tab for us but there's no one. I mean, how can we believe that we're going to figure things out in our own homes when our entire country is bankrupting itself?

Thanks Elizabeth! Great article long in coming The best way to for FOX is to rectify this situation being immediately firing Hannity, O'Reilly, and the other NEOCONS propogandists that have systematically marginalized third party or alternative candidates or viewpoints, in particular Ron Paul. Fox is FAR from being balanced as this last year's candidate race has proven. Even liberal CNN was far less baised. Perhaps the assumption by the GOP NEOCON Theological hacks is the deliberate exclusion or marginalization of other voices that they either don't understand or delibertly want to squelch will somehow go away. They won't! Consequently most viewers that I'm aware of take much of what hack FOX news broadcasts with a large grain of salt knowing full well what it is. Suggest you recommend to FOX's management to live up to its credo: "fair and balanced."

When are we going to wake up and listen to reason, why do we not pay attention to this man and stop the bleeding economy by writing off the bad dept instead of breaking our forfathers hearts by stomping on our United States Constitution. This bailout will only prolong the down market and make it harder to climb out of, hello is anyone in Washington reading what Pres. Washington wrote about the Constitution? This was and still is a God inspired document to keep this Nation strong under God but if we continue to disregaurd its statutes then we deserve the misery it will bring us. May God Bless America inspite of the wayward actions of the misguided few in power over us.

It's a good thing that Fox kept Dr Paul out of their debates so the American people wouldn't have to hear the truth. There are no republicans or democrats in my opinion. You either follow the constitution and believe in real freedom or you don't. 99% of congress is working for the NWO and the ones that don't are threatened or killed or both. Wake up America, your country has been stolen by criminals that hate freedom...period.

Dear Elizabeth; I'm confused. A fair and balanced review of Ron Paul's economic views written by a FOX news person. Why now? His opinions (or predictions?) are no longer news to informed citizens. Thanks for writing it although your regular FOX viewers are probably getting migraines wondering about all the fairness all of a sudden. Sincerely, Chuck Best

Thank you, Elizabeth MacDonald, for FINALLY giving Ron Paul his due. He was ridiculed for criticizing the Fed and declaring that it was the cause of price inflation and our numerous recession-avoidance bubbles (thanks to Magician Greenspan). But HE was correct. Sadly, the inflation of the money supply over the last 95 years has become accepted as a way of life. There is no excuse, however, for the media's failure to report on the real problem in this financial crisis. It is one of the structured finance built on top of securitized mortgages and all kinds of debt (much of which is now in danger and will be the next shoe to drop, i.e. auto loans, credit cards, commercial real estate, etc...er...that should be shoeS, I guess). It's called derivatives. Specifically, it is credit default swaps, which are traded just like securities, but have absolutely NO INTRINSIC value. It is these that are now being called to perform with parties and counterparties unable to pay what they agreed to pay in the event of defaults. If the public knew the truth, they would be more outraged than they are simply knowing that they are being asked to pay for the financial elites' failures (which is really teh government's failures). We will, however, begin to experience a wall of price inflation like this country has never before seen, while the public will be told another mass of lies as to how THAT happened. "Economic growth," as Greenspan tried to make us all believe was the cause of price increases, can't be used, this time...we just "aint" that dumb, anymore. Wall Street and Capitol Way bought the media out. Not a single news service reported the protest held at the NYSE in New York on September 23rd where HUNDREDS of people swarmed the area in anger over the bail out. So, I don't suppose we would ever expect the media to report what the real financial problem is amongst banks, investment and insurance firms, hedge and private equity funds, and most large corporations who ALL have financial services arms HUGELY leveraged (which includes GM who is now slopping at hte public trough, too). In fact, I doubt the media even understands the problem, either.

Elizabeth... Thank you so much for getting it... It is unfortunate that not enough people will probably get it in time. I'd hate to become the modern day fallen empire, but they say history is bound to repeat itself. If only people would read about history... Either way, thanks. :) -Jimmy

Kudos for giving credit where credit is due. If only we were listening instead of scoffing at Dr. Paul's words of doom & gloom during the early debates. None of the candidates have broached these near-unprecidented economic roadblocks until forced to do so. In fact, they essentially towed President Bush's line that the economy was "fundamentally sound" until very recently. My take? The candidates who rose to the top of the pile wan't voters to have the warm fuzzies, not the facts. If you think Dr. Paul is a straight shooter, look into former Comptroller David Walker's Fiscal Wake-Up tour and the accompanying documentary "IOUSA", released in theaters this past summer. This $700+ billion bailout is equivalent to 138 dollar bills laid end-to-end from the Earth to the Moon and back 138 times over. And while our children and grandchildren are enjoying the inevitable tax hikes that will result from the "pump & dump" economy, a term coined by former Secretary of Housing Catherine Austin Fitz, we will heap on to that, "IOUSA" concludes, $184,000 per man, woman and child of unfunded current and future obligations, chief among the culprits the impending bankruptcy of Medicare and Social Security as a result of the baby boom retirement, which will continue even as we Pay the Piper for the $10 trillion national deficit, in no small part attributable to the war in Iraq. Walker appeared a year or two back on "60 Minutes" warning that our Ship of State is headed for a Titanic size iceberg (bankruptcy). I wonder what our nation's former top accountant thinks of this? More tellingly, will anybody listen?

The Paradigm has changed. The bailout will nothing ultimately. The system has collapese on it own as it is revealed itself to be a false model. There will be a new beginning. Perhaps we now can have an economy that isn't warped and usurped by Wall Street and Bankers. We have to become a producing country of technology, and industry. The old fashioned brick and mortar types of businesses as opposed to puppets for Multi-National corporations. If we don't then Nationalism won't mean a thing. Globalization will be irretrievable. I for one am happy to see this historic shift of possibility. The powers that are will not get far. We the people are day by day waking up.

Please login to Ron Paul's Campaign for Liberty.com and become a political activist for real change. Step #1, End the Federal Reserve System. Ralph

Thank you for posting an article citing Ron Paul. Not enough is publicly penned about this man. Paul is right about this, as he has before on many other occasions. This bailout is equivenlent to trying to put out a fire with gasoline. Now that the bailout is in motion, all the truths are finally being mentioned. An example of this is that Washington was telling us that "If we dont act RIGHT NOW, we will go into depression"...interestingly, now that the bill is signed they are telling us it may be YEARS before we know IF this is going to work....

Thank you for covering this, he makes a lot of vaild points and has been warning of this for a long time. It's hard for most people to see any difference between the 2 candidates running for office right now, I encourage people to take a look at a 3rd Party.

This election season we had just one guy who had been explaining for 30 years exactly why overspending and artificially easy credit would lead to disaster. He also explained how to get back on the right track to peace and prosperity. Did Americans choose the prophet? Nope. We're stuck with Fascist A and Socialist B. Way to go, America! :-(

Liz, Thank you for giving props to those who have been right from the beginning. It makes me sick to see how everyone pushed for this bill's passage and are now declaring it won't help anyway. Ron Paul is looking to abolish the Fed and I agree with him. If the FED is owned by the member banks, then that is a major conflict of interest. This conflict is compounded when commercial banks are allowed to do investments. It also strike me as unconstitutional. The clause on money creation states congress has the power; "To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;" It doesn't say congress has the right to subcontract money creation to an interested third party. If the line item veto is unconstitutional, so should Non Government Organizational control of our currency. The average person will suffer from the massive injection of liquidity through the inflation tax. Any bets on the PPI and CPI numbers when they come out? Has anyone given consideration to the additional cost interest will play if we have bond sales to raise this bailout money ? If we could only get 50 more like representative Paul...... Scott

This is who I will vote for. Ron Paul has been silenced by the media and his peers, he is one of the few Statesman left in this country. Lets all turn this election on its head and vote for Americas last hope.........Ron Paul.

WE NEEDED TO BE LISTENING TO DR. RON PAUL FOR THIRTY YEARS AND WE CERTAINLY NEED TO BE LISTENING TO HIM NOW - BUT ALAS THAT WILL NOT HAPPEN - WILL IT?

There are indications that the American People are finally beginning to wake up. The more people that listen to Dr. Paul, the more that are educated and understanding that Washington is not your friend. Paying for the unending wars to the tune of a trillion dollars a year, money borrowed or printed out of thin air, has bankrupted this country. Don't blame me... I voted for Ron Paul.

Glad that SOMEONE is actually looking at the root cause and wanting to address the real problem instead of "bandaiding" the situation to the loss of everyone else. Wish that more politicans had the common sense that Dr. Paul stands for unwaiveringly. Proud to be an American when there is a statesman like Dr. Paul in Congress! Just wish more of the politicans in DC would learn from his example!

Its time to ballance out the classes, we Americans even in a recession live better than the rest of the world. American companies are laying off thousands while the upper management is walking away with multi millions. What is wrong with this picture? Stop the GREED.

As usual nobody detects the 800 pound gorilla in the room!! Who was ignored during the presidential debates? Who was ignored during this bail-out scam? Who should be the next president? RON PAUL!!!