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Old 09-24-2008, 05:44 PM  
Taco John Taco John is offline
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Ron Paul's letter on the bailout farce...

Wednesday, September 24, 2008

Dear Friends,

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.

In liberty,
Ron Paul
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Old 09-24-2008, 05:47 PM   #2
Ari Chi3fs Ari Chi3fs is offline
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Thanks for staying in the game when we needed you most Ron Pussy.
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Old 09-24-2008, 05:52 PM   #3
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I read this today. I have to say that I agree with it.

If the Republicans had been smart enough to nominate Paul, he probably would have gotten my vote.
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Old 09-24-2008, 05:52 PM   #4
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Thank God someone out there is paying attention. And thank God some more that there are reasonable minded, critically thinking people who pay some ****ing attention to him. Now pray to God that there's enough of them to stop this madness. Are you willing to suffer to achieve real freedom? Your forefathers did.

This won't be easy no matter what road we travel. You really need to look no further than the millions of dollars that will continue to be paid to people that were never worth it. They justified those salaries by the amount of "profit" that was generated. Now that we know none of those profits were real, why do they still get that money? There's more but is that really not plenty enough? We're being robbed at gunpoint. Period.
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Old 09-24-2008, 05:55 PM   #5
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Quote:
Originally Posted by Cannibal View Post
I read this today. I have to say that I agree with it.

If the Republicans had been smart enough to nominate Paul, he probably would have gotten my vote.
I have said it before and will say it again, he still has my vote. I don't care what the other two say or do, I am writing in Ron Paul for President.
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Old 09-24-2008, 06:03 PM   #6
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Originally Posted by Hydrae View Post
I have said it before and will say it again, he still has my vote. I don't care what the other two say or do, I am writing in Ron Paul for President.
I'm not going to go that far. I still think Obama can be a good President, especially considering the alterative. But if it had been Obama vs. Ron Paul, I would have voted Ron Paul.
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Old 09-24-2008, 06:05 PM   #7
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Quote:
Originally Posted by Hydrae View Post
I have said it before and will say it again, he still has my vote. I don't care what the other two say or do, I am writing in Ron Paul for President.
It almost makes me think that if Ron Paul was able to run in the Democratic primary instead of the Republican primary, he would have faired better.
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Old 09-24-2008, 06:07 PM   #8
Nightfyre Nightfyre is offline
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Quote:
Originally Posted by Cannibal View Post
It almost makes me think that if Ron Paul was able to run in the Democratic primary instead of the Republican primary, he would have faired better.
Not a chance.
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Old 09-24-2008, 06:08 PM   #9
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Not a chance.
Possibly not, but my gut tells me he would have. More of my democrat coworkers seemed to like Paul than my repub coworkers and friends.

Who knows? Just an opinion.
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Old 09-24-2008, 06:10 PM   #10
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He's making the mistake of conflating Corporate Socialism with the New Deal. The New Deal was not about the transfer of wealth to the privileged classes. This is the opposite of the New Deal, it's just using government intervention a la the ND.
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Old 09-24-2008, 09:19 PM   #11
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Old 09-24-2008, 09:20 PM   #12
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Old 09-24-2008, 09:22 PM   #13
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by 'Hamas' Jenkins View Post
He's making the mistake of conflating Corporate Socialism with the New Deal. The New Deal was not about the transfer of wealth to the privileged classes. This is the opposite of the New Deal, it's just using government intervention a la the ND.
How 'bout we call that the Lucky Deal!
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Old 09-24-2008, 09:25 PM   #14
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Quote:
Originally Posted by 'Hamas' Jenkins View Post
He's making the mistake of conflating Corporate Socialism with the New Deal. The New Deal was not about the transfer of wealth to the privileged classes. This is the opposite of the New Deal, it's just using government intervention a la the ND.
We can call this one "The Raw Deal".
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Old 09-24-2008, 09:35 PM   #15
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I have said it before and will say it again, he still has my vote. I don't care what the other two say or do, I am writing in Ron Paul for President.
+1
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