Ron Paul on President Bush bailout

Sep 25, 2008 | Comments 7

Ron Paul had his say on the US government’s $700 billion bailout of financial institutions saying that in the long run it will increase economic instability.

The Constitutional Conservative Ron Paul who ran a campaign for his party’s nomination for the President of the United States this year, said that excessive intervention like this could keep the market from adjusting prices to lower levels, which is what we need to bring the economy into balance, equalising supple and demand.

The Texas Congressman went onto say that policy makers have not learned prices must adjust to economic reality and while the “government cannot just sit back idly and let the bust occur,” Paul said, “it must actively roll back stifling laws and regulations that allowed the boom to form in the first place.”

Ron Paul used his campaign to be president of the United States to stand up for small government and a strict interpretation of the US constitution; it seems his mission has been noted as an increasing number of conservatives have accepted his views.

Source: upi.com

Filed Under: Business News

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  • Mike Wagner

    To really understand Dr. Paul’s view of the bailout you have to refer to the work of the “Austrian” economists. See

    http://www.mises.org

    For more information on Austrian Economics. Also, remember that Dr. Paul predicted the current crisis in speeches before Congress five years ago. Yes, in 2003, when all the “experts” told us that things were just fine, Dr. Paul told us the policies we had in place would lead to disaster.

    Who’s the expert now?

  • E. Kona Me

    It is “supply and demand” not “supple and demand”. People who don’t know that are utterly unqualified to comment on the economy.

  • http://themosswood.com Ron Moss

    As a victim of the bankers terrorist party, Please hear ne out. After selling our 200 acres with airstrip we paid over $115,000 down on our house to be close to where our two boys would go to Aviation Mech Tech School. But then needed to sell to move on for a daughter to attend music school. But NO BUYERS. Money manipulators had scared off the market. Now they want to raise payments and need to foreclose

  • PainfullyAware

    That’s Right, Start Listening to reason after disaster strikes.

    Well, at least they are paying attention now.

    Wish more people would have debated Ron Paul rather than dismissed him.

    Debate is the distillation of reality.

    We could use a dose of reality right now. We have not seen reality for a long time.

  • Mark

    I did not like Ron Paul until I researched what the man was talking about. Mr. Paul is a genious on all accounts, this includes foreign intervention, economics, taxes and big government. Ron Paul stated at a debate that we are headed for economic disaster and low and behold, here it comes. This man should be our next President.

  • http://n/a phillip

    Well if the interest rate goes up because of a bailout, I wony be buying a house. Im tired of feeding the rich. This sucks and im not paying for it either. screw you.

  • Hal Meeks

    I find it ironic that it was Ron Paul who was warning us about the weaknesses in our economy during the primaries while the other Republican candidates pretty much blew him off. He is right when he says that it is deliberate government manipulation of the market that gets us in trouble. Corporations may take advantage of that fact and the American taxpayer is always left holding the bag, but the government should really be more “hands-off” and let the market work as it was meant to.