Obama is stupid u cant give out free health care, and raise taxes on small buissnes which supply alot of the nations jobs. He would have been an awsome president, he is very conservative which is great obama sux.
Fred shared his secrets to subscribers on viewsandsubs (d0t) com US users only check it out.... Its usually invite only but right now their taking everybody now!!!
He was a cute little boy, to bad hes messed? up now.
Please support The Federal Reserve Transparency Act! Our Congressmen have the right and responsibility to Audit the Federal Reserve. They should have come clean with the American Taxpayers a long time ago. We need transparency.
The federal reserve has hired lobbyists (ie. Linda Robertson, who also lobbied for Enron) in their self interest to prevent government accountability, to keep the status quo. Please help to support HR 1207! The FED does not consist of elected officials. Our own congressmen have the right and responsibility to know!
Man its said to think of how much different Fred would have ran this country. Fred would not have ran this country into unmanageable debt and outrageous spending.
Fred also would not be bowing to Saudi Kings, or having a jolly time with Chavez who hates the US.
I love videos like this. Truth like this brings out the abject stupidity of liberals who scramble their pathetic socialist asses off to blow smoke. LOL
This comment has received too many negative votesshow
"Hi. I'm Fred Thompson. The loser that didn't even come close to winning the Republican nomination for president. For the next 8 minutes and 20 seconds, I plan to do a lot of head waggling and breathing.
I also plan to introduce you to the 'straw man argument', and plane old fashioned made up bullsh!t.
Honestly folks, I'm not even sure why I'm doing this... considering I'll most likely be pushing up daisies when 2012 rolls around..."
This is not a straw man argument. This is humor. You know, what you tactlessly attempted by predicting his soon demise. Want a straw man argument? Read an Obama speech.
I cannot believe people still like Obama after that 787 million dollar bailout money went to the bankers and insurance companies. They don't realize that Obama isn't just going to raise taxes on rich people, but poor and middle class folks will pick up the tab from now on visiting the grocery store.
It's too bad Fred Thompson didn't get the GOP nomination. I think he would have won. We sure could use someone with his down-home common sense. I hope he runs again.
Good video and great message, aside from the condescension at the beginning and the cigar at the end. The flash and the insult deteriorates the message. Fred Thompson is no economic expert, and those few people who are don't start their talking points by asserting the inferiority of others.
@ Damiendark: Thompson was a United States Senator who served longer there than our current novice of a president. He is the son of a used car salesman. He put himself through Vanderbilt Law and then represented a woman who had been cheated out of wages by a corrupt governor. Because of his representation, he helped bring down that governor. He served as minority counsel to the Senate Watergate Committee as a young lawyer. He's done much more than just act, a lot more than Obama in fact.
Thompson didnt have anything special about him when he spoke he didnt have an x factor to counter Obama, obama love or loath him had a natural energy and intelligence that grabbed voters Romney (who should have been the GOP pick) was your best bet but ignorant GOP members wanted that tough guy from Die Hard who spoke fast to the point and with energy (IT WAS A CHARACTER IN A MOVIE MORONS!) when they realised thompson was a nice guy, qualified but nothing more they pulled away in droves.
Thompson is an actor with delusions of grandeur when the base realised from the debates and interviews he wasnt really like the gruff tough straight talking guy from Die Hard 2 and In the line of Fire at all in real life they abandoned him in droves.
the rep cannot survive in this century without moving slightly centrist thats just a fact. they dig there own graves really they ignore all other voters until they lose now you here calls for them to try to grab the Latino vote (the black vote was lost decades ago they learned fast what the GOP is about in regards to minoritys) and it smacks of fake desperation. Appointing Steele who bowed down to a radio entertainer (WTF was THAT about???) was the final nail in the coffin until 2016.
with a debt of 12 Trillion dollars and 50 trillion of social services etc it is only a question of time when American goes down the toilet bringing the rest of the world with it. The plus side is that perhaps the planet might recover a little from de forestation and global warming and with less money around perhaps we will not be able to eat fish and this might save the fish stocks for another 10 years. I think the finiancial problem is the least to worry about the biggest is OVER Population !
I've never supported Fred Thompson in the past, but his view on the current economy is right on the money. He smeared Ron Paul in the debates a few times, but ironically they share this common view.
All of the other Republican candidates laughed when Ron Paul said this country was going bankrupt. They aren't laughing now. Props to Fred Thompson for listening.
What a coward Uncle Fred. You waited to long to actually get into the race for the White House - Cause you knew you weren't going to win - and now you sit there spouting off like you have all the answers - ACT upon your so called common sense you OLD, WHITE, RICH, MALE. Isn't that what you really do best ACT? not DO!
ahhhh yes - Bush's complete Incompetence....getting us into a war that costs GO-ZILLION dollars a month, tax cuts for the wealthiest people in the world, big corporations and aid so our farmers could grow more corn - throwing the world food market out of balance. Bush and the republican party will go down in history as the worst administration EVER!
Isn't it about time for the Rush Limbas of the world to start blaming Obamma for not cleaning up this mess fast enough? If it is even possible?
Not one time did Wise Olde Uncle Fred mention that his party was in power during the last 8 years.... and HIS party was the one in such a big hurry to give this $700+ TRILLION bail out to wall street.Doesn't anybody remember the SURPLUS that Clinton handed President Bush. Where the heck did that go? ahhhh yes-Bush's complete Incompetence-getting us into a war that costs GO-ZILLION $ a month, tax cuts for the wealthiest people, big corporation, and aid so our farmers could grow more corn.
Since 1980, the government has been dominated by Republicans and under Clinton, Republican "Lite" (Clinton was NO liberal).
So now that the other shoe has finally dropped, all the rich white dudes want to sit there, puffing on their penile prostheses, blaming *Democrats* for this mess?
Our infrastructure is crumbling along with our economy and this has been a generation in the making. Thanks Ray-Gun, Bush I, Clinton and Bush II. As for Obama? Likely more of the same, but time will tell.
If it weren't for "socialized" roads, where would you be driving your 4-wheel-drive Manhood Compensator... er, SUV?
If it weren't for "socialized" schools and universities, how much closer to third-world status would this country be at this point?
If it weren't for "socialism" running rampant in so many other parts of the world, maybe we actually WOULD be #1 - as opposed to say, #17 or #43 or #85 - among nations in statistics which matter.
Perhaps the intended lesson is buy appropiate to what you value, honestly sell what is valued to the buyer, let everyone know what the liability is and work within your budget.
Hilarious, but, Fred is a Rethuglican, just like Bush. It's the free market that failed. The solution is to take money from the rich to pay down some of the debt, and afford the spending increases.
Satirical, on target and brilliant to boot. Fiscal conservatives (I count myself in their ranks) were NOT represented by either party in the last election. BOTH parties are to blame for the mess, as well as the ADD challenged American electorate. Hold on to your assets and prepare for the worst: the Inflation Monster is definitely coming. This will make the fiscally miserable years of the Carter administration look like a child's game. Precious metals seem like a good thing to me right now.
It was HELICOPTER!!! (This is why Ben Bernakes "nickname" is Helicopter Ben.)
btw imho the bigest problem was and the problem is the unregulated financial system. (Who gave 300K to people with 20K/year income....? Who sad CDOs are AAA.... )
Ok..so we should stop saying it because Ron Paul said it 6 months ago?? It needs to be said over and over until it is heard.. Weird that you would put a negative mark on me because I support what Ron Paul says.. that seems very divisive. Who cares who said it first... it needed to be said..
what are you talking about! negative mark! I never said paul said it first. I wasn't claiming he did! Your using a strawman argument for some reason. Thomson disagreed with what Paul said 6 months ago. It's a bit late him saying it now.
I didn't say Ron Paul said it first. I said who cares who said it first, it needed to be said. It isn't too late to be saying it now. We need more to say it! There is always time for the truth. You are arguing with the wrong person. You want a fight and we have no disagreement. You don't like Fred changing his mind and realizing the truth.. I'll take the truth wherever I can get it. Ron Paul, Fred Thompson, whoever. We should celebrate that more truth is getting out. From whatever source.
getting rid of you and starting brand new. We are also shipping everything overseas to be made then shipped back (democrats again) and that is hurting our economy and that is what should be fixed before we bailout everyone and their sister. Those that want to work will survive this downfall ( I call it a step back to reality, its really getting ready for an Obama presidency, we have had some of the best economic years during Bush) will make it and the lazy wont and rest assured they will -->
people making 20k a year was buying 300k houses. People are sitting on their butt and expecting a handout more causing more expense by the government (welfare (promoted by democrats))the big three wants a bailout which is stpid, they dug themselves in that mess and it is all over a decrease of about 8 bucks an hour.. Hello union workers? Have 25 bucks an hour or no job whatsoever? There are alot of people that would fight for even a 20 dollar an hour job and the big three are stupid for not--->
I am so tired of hearing "recession" or depression or "bad economy". I havent seen it yet. The lines at o'charley, cheesecake factory, shopping malls, walmart, anywhere you go the places are packed like never before and people are carrying just as much as they were last year and the ten years before that if not more. The only point of "recession" is people digging themselves into their own debt and their own problems. Lending out the butt (started by Clinton" caused the boom in housing and-->
Interesting video from CFR Fred. I do notice that he puts all of the blame on government (don't get me wrong - they deserve plenty) and avoids any mention of the Federal Reserve, which is run by his lords and masters at the Council on Foreign Relations. Fred is wise enough not to cross them. He is right in this respect - government and consumers should spend less. Of course, he is late to the party - Ron Paul's been saying this for decades.
Fred Thompson in 2007: "I think there is no reason to believe that were headed for a recession. ... I see no reason to believe were headed for — (pause) — for economic downturn. ... I think if you look at the short term, its rosy. I think if you look at a 10-year projection, its rosy."
Who really called it and was right?
watch?v=8PIEGK0IbA4&fmt=18
watch?v=2I0QN-FYkpw
Quick, someone start hurling insults to distract people from the facts.
This guy is a complete piece of shit. Where were these revelations during the primaries? I remember him chuckling at Ron Paul with the other dickheads like Romney, McCain and Giuliani. Sell your bullshit somewhere else.
Sorry, I just can not listen to Fred do his best at reciting his grasp of the Cliff Notes version of Ron Paul's teachings on Austrian economics and the free market. Long winded, slow talking Fred just doesn't cut the mustard.
Money IS created when banks lend money. For example, if you go and get a mortgage, the bank simply creates the money out of thin air based on your promise to pay back the loan. More loans, more money (aka inflation). More money, higher prices. Highly recommend watching "Money as Debt" here on youtube.
Fred thompson was saying this all along but nobody wanted to hear what he was saying because they listened to the media that he got in too late..THats bull.. THompson was the only conservative choice. Ron Paul is a liberal sissy in disguise..he thinks if we hidew under a rock our problems will go away..I pray we have Fred, Bill Frist,And Palin as choices in 2012..Surely 1 of them will make it and any of those are great choices. Thanks Fred..always good to hear from you...Fred 2012!!!!
Lets favorite this and give it a high rating. Email it and post it on different web pages. Maybe our government will see that we're not all idiots. "let's pay off all these credit cards with one giant $700,000,000,000 one. Oh, and when THAT doesn't work, we'll just print more money" - Brilliant.
_Still think Obama was the best choice though. McCain didn't know the economy.
Hey, wow. Did Fred Thompson finally listen to his libertarian brother? He has always been clueless prior to this. Check out the Reason Magazine article on Fred Thompson. Google: Fred Thompson Reason
This is a pretty good example of schadenfreude (SHAW-den-froy-duh)... Taking malicious satisfaction in another person's troubles ...and an example also of appealing to others who embrace schadenfreude.
Must be the reason I didn't vote for him and will never vote for anyone like him.
Fred Thompson is a lying fake acting come-lately. Ron Paul TOLD Fred this and Fred just made fun of Ron. Fred is just saying this now for attention. Too late.. PROOF
He talked about tapping our own oil here, waaaay before those others jumped on the bandwagon. Thing is, you people are so close-minded that you don't notice. You're too busy spamming vid and accounts "Ron Paul 08!"
Why all this talk about money. It's gonna be about food folks. When those trucks stop running the shelves will be bare and where are you gona buy it? We raise our own food now, have goats, milk products our own meat and smoke house, vegitables are put up as well as the grain with hay in the barn. I learned what the great depression was like from my grandfather. And bye the way don't come to the country looking for food. We will be ready to greet you to send you back.
It is about food, fuel, shelter, health. Don't blame the average person for this. Both sides of my family German and Italian were in food distribution in the city of New York and outside. I know that you meant that you would point a gun at people. If that is what you have to do....do it. Let's hope it does not get to that point. I tell people to stock up on gold..a timeless medium of exchange. We're all done for anyway.
Hey! jpeak - Duhhhhhhhhhhhhhhhhhh. Everything he said is right on the money. He just said it tongue & cheek. Both houses are spending us into oblivion. The peso will be worth more than the dollar before too long and there is nothing Obama can do to fix it - his policies will only make it come on quicker.
...too funny. i just realised that all we need is an older white dude - preferrably a rich guy with connections to big business - to run the government! how could that not work?
"Yeah, Business Week was citing household income which misrepresents individual income because household size has changed since 1975 by demographics and age."
Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory jobs are included. Real average
weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W.
Well, whatever they claim to have based it on....it has been increasing steadily since 1975 according to the Census data, Alan Reynold "Income and Wealth," and Thomas Sowell's Economic Facts and Fallacies.
"Real individual wages have increased since 1975. So nothing you said is true."
BusinessWeek Aug. 16
"Despite todays cheerier inflation number, real wages are still falling. The BLS reports that real hourly earnings are down by about a half percentage point since February."
Yeah, Business Week was citing household income which misrepresents individual income because household size has changed since 1975 by demographics and age.
"If I build a house (growing the economy), new labor is required to maintain it and that analogy is the same for every party of the economy."
First, if you "build" a house, do you borrow to build it?
If you do, you just added to the debt level of the nation. The bank creates the money out of thin air and then loans it to you and then you spend it into circulation.
You must pay the amount back with interest - thus another paradox.
As our economy "grows" it does not effect the labor output/income ratio. In fact, labor productivity has increased but labor wages have stagnated and in some cases fallen, thus accelerating the rate at which labor must borrow to consume its own output. Mr. Fred Thompson has no explanation as to how this nation's producers are to "save" their way out of a depression.
Yes it does. If I build a house (growing the economy), new labor is required to maintain it and that analogy is the same for every party of the economy.
If you create a business, it requires a new workforce.
Real individual wages have increased since 1975. So nothing you said is true.
It's great the Thompson gets it now, but he is two-faced. Thompson derided Ron Paul a year ago during the Republican primary debates for mentioning the insanity if inflating by printing money: See youtube(dot)com(slash)watch?v=FZWt897p7t
Where was Fred Thompson in his campaign mentioning the folly of printing money and the ensuing inflation? That was when he had the best chance to talk about it. But he didn't.
Thompson sardonically questioned inflation's effect on health care during a moment of posturing, but he did it because Ron Paul was talking about printing money and was getting flak from the other idiots on stage.
As a Libertarian who would have voted for Thompson if he was still in the race when he got to my state, I'm convinced that Paul supporters are just a small cult of people who have no clue what Paul or the other candidates actually stood for when they ran.
Wow, you make a compelling argument... Oh wait a minute, you don't.
Sure you recycled that hackneyed spirit of derision, that you're so fond of. But you have taken the low rode by playing the "cult" card. A true libertarian would respect people as individuals. But you have just mindlessly marginalized every Ron Paul supporter. Congratulations!
The fact of the matter is that if you look through the comments on this thread, there are hundreds of people who think that Thompson is stealing ideas from Paul, as if Mises, Hayak, Bastiat, Burke and Friedman never existed.
It is nothing but a cult to Paul. The fact of the matter is that Thompson's economic policies were identical to Paul's with the exception of Military policy and likely the Fed.
I'm curious...
How does this retarded, shaved gorilla's walnut sized brain generate enough energy to keep his lips flapping?
Hammersley1967 1 year ago
@Hammersley1967 haha, greatest and most accurate comment on this page
Nebel64 1 year ago
fred thompsons youre an actor and you know nothing about the economy. peter schiff ,rand paul for senate
bearhuntaa 1 year ago
FRED FOR PRESIDENT 2012!!!!!!
P.S. Dont let the front door of the capital building hit you Dems on your way out for 2010! hahahaha
abunzack 1 year ago
How's that presidential campaign workin' for ya, Freddie?
AtlasShruggery 2 years ago
Atlas your a wad gobblin, dumbass...
chalice777 2 years ago
You know people only want to vote for the guy that has the words like 'hope", "change", and "believe".
I mean, how many songs have the root word economy anywhere? Most voters can't even pronounce it....
BJtheBassist 2 years ago
Comment removed
PunkAttitude8V 2 years ago
I'm sick of shitheads insulting a true patriot like Fred Thompson. Whoever hates him can shut up.
PunkAttitude8V 2 years ago 2
if u want a stimulus screw urself obama is a liberal.
DCG25531 2 years ago 2
Obama is stupid u cant give out free health care, and raise taxes on small buissnes which supply alot of the nations jobs. He would have been an awsome president, he is very conservative which is great obama sux.
DCG25531 2 years ago 3
Obama is a Puke and Thompson is a patriot.
Kbear56 2 years ago 4
Comment removed
gankball 2 years ago
I`ve got an idea. Instead of printing loads more money and wasting all that paper. Why not just had extra naughts on the money in circulation?
wuddychunk1 2 years ago
Why isn't this man your president? /sweden
maoness 2 years ago 2
Because he is a moron
satinbarbi 2 years ago
This has been flagged as spam show
Fred shared his secrets to subscribers on viewsandsubs (d0t) com US users only check it out.... Its usually invite only but right now their taking everybody now!!!
He was a cute little boy, to bad hes messed? up now.
annalouise369 2 years ago
This has been flagged as spam show
Please support The Federal Reserve Transparency Act! Our Congressmen have the right and responsibility to Audit the Federal Reserve. They should have come clean with the American Taxpayers a long time ago. We need transparency.
GoLuckyOops 2 years ago
This has been flagged as spam show
The federal reserve has hired lobbyists (ie. Linda Robertson, who also lobbied for Enron) in their self interest to prevent government accountability, to keep the status quo. Please help to support HR 1207! The FED does not consist of elected officials. Our own congressmen have the right and responsibility to know!
GoLuckyOops 2 years ago
Man its said to think of how much different Fred would have ran this country. Fred would not have ran this country into unmanageable debt and outrageous spending.
Fred also would not be bowing to Saudi Kings, or having a jolly time with Chavez who hates the US.
tweener702 2 years ago 3
This was my only choice for president. But people choose the socialist republican. He's very knowledgeable.
hillbillyhatfield72 2 years ago 3
I love videos like this. Truth like this brings out the abject stupidity of liberals who scramble their pathetic socialist asses off to blow smoke. LOL
MickMaynerberry 2 years ago 2
this man would have made a great president...................president of the cub scout chapter in knoxville.
jackrabitcafe 2 years ago
This comment has received too many negative votes show
"Hi. I'm Fred Thompson. The loser that didn't even come close to winning the Republican nomination for president. For the next 8 minutes and 20 seconds, I plan to do a lot of head waggling and breathing.
I also plan to introduce you to the 'straw man argument', and plane old fashioned made up bullsh!t.
Honestly folks, I'm not even sure why I'm doing this... considering I'll most likely be pushing up daisies when 2012 rolls around..."
EmberOfTruth 2 years ago
This is not a straw man argument. This is humor. You know, what you tactlessly attempted by predicting his soon demise. Want a straw man argument? Read an Obama speech.
JaredDLarsen 2 years ago 5
I cannot believe people still like Obama after that 787 million dollar bailout money went to the bankers and insurance companies. They don't realize that Obama isn't just going to raise taxes on rich people, but poor and middle class folks will pick up the tab from now on visiting the grocery store.
jmkpns 2 years ago 2
LOL, here here!
lucki39284 2 years ago
It's too bad Fred Thompson didn't get the GOP nomination. I think he would have won. We sure could use someone with his down-home common sense. I hope he runs again.
katipalist 2 years ago 2
Thompson sorry i spelled it wrong
ryanbrianjr 2 years ago
Yes, I tried for years to lose weight by eating more and more. Did not work, what did you expect?
Tell a dopehead to double his intake of heroin to get clean - he will love it.
Greenspan told the American people long enough to spend more to stay wealthy - they believed him.
How stupid we humen beings can be!
Olympicgardens 2 years ago
Fred Thompson is a potato. With another potato for a head.
intheflesh2009 2 years ago
Good video and great message, aside from the condescension at the beginning and the cigar at the end. The flash and the insult deteriorates the message. Fred Thompson is no economic expert, and those few people who are don't start their talking points by asserting the inferiority of others.
heymisterderp 2 years ago
"Russians don't take a dump without a plan, son"
hansentj 2 years ago
@ Damiendark: Thompson was a United States Senator who served longer there than our current novice of a president. He is the son of a used car salesman. He put himself through Vanderbilt Law and then represented a woman who had been cheated out of wages by a corrupt governor. Because of his representation, he helped bring down that governor. He served as minority counsel to the Senate Watergate Committee as a young lawyer. He's done much more than just act, a lot more than Obama in fact.
JSexton01 2 years ago 2
Thompson didnt have anything special about him when he spoke he didnt have an x factor to counter Obama, obama love or loath him had a natural energy and intelligence that grabbed voters Romney (who should have been the GOP pick) was your best bet but ignorant GOP members wanted that tough guy from Die Hard who spoke fast to the point and with energy (IT WAS A CHARACTER IN A MOVIE MORONS!) when they realised thompson was a nice guy, qualified but nothing more they pulled away in droves.
damieandark 2 years ago
Fajny film
SAKUwBarakuSHOW 2 years ago
Thompson is an actor with delusions of grandeur when the base realised from the debates and interviews he wasnt really like the gruff tough straight talking guy from Die Hard 2 and In the line of Fire at all in real life they abandoned him in droves.
damieandark 2 years ago
He had no "delusions of grandeur". He was trying to show the Republican party where they should be. And they tried to be to centrist. Big mistake.
pfizzbones 2 years ago
the rep cannot survive in this century without moving slightly centrist thats just a fact. they dig there own graves really they ignore all other voters until they lose now you here calls for them to try to grab the Latino vote (the black vote was lost decades ago they learned fast what the GOP is about in regards to minoritys) and it smacks of fake desperation. Appointing Steele who bowed down to a radio entertainer (WTF was THAT about???) was the final nail in the coffin until 2016.
damieandark 2 years ago
Freddy Thompson, aka Dancing-Cake Thompson, has a radio show now. Listen to it to get your masochism fix.
lumpagogo 2 years ago
genius. but its terrifying whats hapening
Dragon888888888 2 years ago
with a debt of 12 Trillion dollars and 50 trillion of social services etc it is only a question of time when American goes down the toilet bringing the rest of the world with it. The plus side is that perhaps the planet might recover a little from de forestation and global warming and with less money around perhaps we will not be able to eat fish and this might save the fish stocks for another 10 years. I think the finiancial problem is the least to worry about the biggest is OVER Population !
citic101 2 years ago
Oh Fred why couldn't you have run a campaign that didn't suck?
digitaldud 3 years ago
o digitaldud why didnt the great oz grant you a brain and common sense?
jlane4512 2 years ago
"Half can dig holes the other half can fill them up" - LOL...
Elcristoph 3 years ago
When our snow melts, I am geting my Big Rake out .. Hope it melts before the Plane comes over.. Now that could be a problem
FredFrick16 3 years ago
this idiot is acting right now! copying ron pauls message what a phony
notonline259 3 years ago
fred thomsan FOR LIFE!
iloveskateboarding20 3 years ago
"the lofty heights to which the stock market has risen."
I laughed out loud at this
Fred, I don't know how you were able to keep a straight face through this whole thing. Great job.
launchpadmcquak 3 years ago
HA...drop it from Airplanes LOL!
wampass 3 years ago
I've never supported Fred Thompson in the past, but his view on the current economy is right on the money. He smeared Ron Paul in the debates a few times, but ironically they share this common view.
moybutter 3 years ago 4
loooooool ironic guy
paulocbn 3 years ago
For those that think there are two parties, you are victims of propaganda. U.S corporate tyranny is of one mind.
Power begets power. And power will not relinquish of its own accord.
Wake up and think independently.
Revoloushun 3 years ago
All of the other Republican candidates laughed when Ron Paul said this country was going bankrupt. They aren't laughing now. Props to Fred Thompson for listening.
talon1979 3 years ago 3
Ron Paul would be much more popular if it weren't for his supporters...they're all completely kooky for some reason...
Jakeblood240 3 years ago
Washington Expert = Oxymoron
printo69 3 years ago 2
What a coward Uncle Fred. You waited to long to actually get into the race for the White House - Cause you knew you weren't going to win - and now you sit there spouting off like you have all the answers - ACT upon your so called common sense you OLD, WHITE, RICH, MALE. Isn't that what you really do best ACT? not DO!
heehaw67 3 years ago
If we never went to War in Iraq, and never had the Bush Tax Cuts, we still have a deficit.
Too bad my tax dollars were wasted to pay for your education.
HowTheWorldWorks 3 years ago
Well said.
pfizzbones 3 years ago
they weren't spent properly
Kiarip 3 years ago
ahhhh yes - Bush's complete Incompetence....getting us into a war that costs GO-ZILLION dollars a month, tax cuts for the wealthiest people in the world, big corporations and aid so our farmers could grow more corn - throwing the world food market out of balance. Bush and the republican party will go down in history as the worst administration EVER!
Isn't it about time for the Rush Limbas of the world to start blaming Obamma for not cleaning up this mess fast enough? If it is even possible?
heehaw67 3 years ago
Not one time did Wise Olde Uncle Fred mention that his party was in power during the last 8 years.... and HIS party was the one in such a big hurry to give this $700+ TRILLION bail out to wall street.Doesn't anybody remember the SURPLUS that Clinton handed President Bush. Where the heck did that go? ahhhh yes-Bush's complete Incompetence-getting us into a war that costs GO-ZILLION $ a month, tax cuts for the wealthiest people, big corporation, and aid so our farmers could grow more corn.
heehaw67 3 years ago
Since 1980, the government has been dominated by Republicans and under Clinton, Republican "Lite" (Clinton was NO liberal).
So now that the other shoe has finally dropped, all the rich white dudes want to sit there, puffing on their penile prostheses, blaming *Democrats* for this mess?
Our infrastructure is crumbling along with our economy and this has been a generation in the making. Thanks Ray-Gun, Bush I, Clinton and Bush II. As for Obama? Likely more of the same, but time will tell.
progrocker69 3 years ago
This is socialism at its' core. We pretend to work, they pretend to pay us. Fred Thompson is telling it like it is.
KCSteak 3 years ago
Hey, genius:
If it weren't for "socialized" roads, where would you be driving your 4-wheel-drive Manhood Compensator... er, SUV?
If it weren't for "socialized" schools and universities, how much closer to third-world status would this country be at this point?
If it weren't for "socialism" running rampant in so many other parts of the world, maybe we actually WOULD be #1 - as opposed to say, #17 or #43 or #85 - among nations in statistics which matter.
Damn that horrible "socialism"... NOT!
progrocker69 3 years ago
If there weren't socialized roads, the oil companies would be building them because their product cannot be used without road.
If it weren't for socialized universities, the cost of schools would decrease and more people could attend.
HowTheWorldWorks 3 years ago
[*Citations needed]
TheRealDellAnderson 3 years ago
Brilliant!
hillaroo666 3 years ago
wow. this is just like carl marx's function of society by consumption and labor. of course this would work, this is how it works.
molboskins 3 years ago
All of you bleeding heart naive ignorant liberals that continue bashing President Bush and blame him for this mess, I have three words for you.....
Community Reinvestment Act
Educate yourself a little . Look it up.
tommyde8 3 years ago
I love this video!!!
renderrob 3 years ago
Perhaps the intended lesson is buy appropiate to what you value, honestly sell what is valued to the buyer, let everyone know what the liability is and work within your budget.
ReadingDave 3 years ago
Too bad Fred Thompson listened too much to his "advisors" during the election, and not to himself.
And to all the people incessantly saying Ron Paul was on top of this before anyone else in Congress... YOU ARE RIGHT!
kevinsbott 3 years ago
These two need to share a ticket.
Caveman135 3 years ago
Hilarious, but, Fred is a Rethuglican, just like Bush. It's the free market that failed. The solution is to take money from the rich to pay down some of the debt, and afford the spending increases.
wildgift2 3 years ago
This entire mess was caused by government backed loans.
HowTheWorldWorks 3 years ago
Watching the GOP propaganda again?
It's the multi-bubble economy that's collapsing. That was caused by rising profits that concentrated wealth in fewer hands.
wildgift2 3 years ago
The Free market didn't fail.
You have no understanding of economics whatsoever.
hillaroo666 3 years ago
Satirical, on target and brilliant to boot. Fiscal conservatives (I count myself in their ranks) were NOT represented by either party in the last election. BOTH parties are to blame for the mess, as well as the ADD challenged American electorate. Hold on to your assets and prepare for the worst: the Inflation Monster is definitely coming. This will make the fiscally miserable years of the Carter administration look like a child's game. Precious metals seem like a good thing to me right now.
Amicitas 3 years ago 2
Very good video but....
No one sugested drop money with aeroplane.
It was HELICOPTER!!! (This is why Ben Bernakes "nickname" is Helicopter Ben.)
btw imho the bigest problem was and the problem is the unregulated financial system. (Who gave 300K to people with 20K/year income....? Who sad CDOs are AAA.... )
belarepa 3 years ago
Thanks Fred! Someone needed to say it!
SureHowDoYouKnow 3 years ago
Ron Paul said it 6 months ago.
myY0UTUBEchanneI 3 years ago
Ok..so we should stop saying it because Ron Paul said it 6 months ago?? It needs to be said over and over until it is heard.. Weird that you would put a negative mark on me because I support what Ron Paul says.. that seems very divisive. Who cares who said it first... it needed to be said..
SureHowDoYouKnow 3 years ago
what are you talking about! negative mark! I never said paul said it first. I wasn't claiming he did! Your using a strawman argument for some reason. Thomson disagreed with what Paul said 6 months ago. It's a bit late him saying it now.
/watch?v=gfXTzhPyqsY
myY0UTUBEchanneI 3 years ago
I didn't say Ron Paul said it first. I said who cares who said it first, it needed to be said. It isn't too late to be saying it now. We need more to say it! There is always time for the truth. You are arguing with the wrong person. You want a fight and we have no disagreement. You don't like Fred changing his mind and realizing the truth.. I'll take the truth wherever I can get it. Ron Paul, Fred Thompson, whoever. We should celebrate that more truth is getting out. From whatever source.
SureHowDoYouKnow 3 years ago
Fred Dog.... was wondering when you'd start talking out the other side of your mouth...
Fred, you've conducted yourself through the primaries in such a way that now you are just another cheap chewing gum, has been politician.
adserignese 3 years ago
complain the whole way.
chritianrepublican 3 years ago
getting rid of you and starting brand new. We are also shipping everything overseas to be made then shipped back (democrats again) and that is hurting our economy and that is what should be fixed before we bailout everyone and their sister. Those that want to work will survive this downfall ( I call it a step back to reality, its really getting ready for an Obama presidency, we have had some of the best economic years during Bush) will make it and the lazy wont and rest assured they will -->
chritianrepublican 3 years ago
people making 20k a year was buying 300k houses. People are sitting on their butt and expecting a handout more causing more expense by the government (welfare (promoted by democrats))the big three wants a bailout which is stpid, they dug themselves in that mess and it is all over a decrease of about 8 bucks an hour.. Hello union workers? Have 25 bucks an hour or no job whatsoever? There are alot of people that would fight for even a 20 dollar an hour job and the big three are stupid for not--->
chritianrepublican 3 years ago
The problem was also households making $70k getting loans to buy $500k houses. Most pay option ARMs went to the middle class.
wildgift2 3 years ago
I am so tired of hearing "recession" or depression or "bad economy". I havent seen it yet. The lines at o'charley, cheesecake factory, shopping malls, walmart, anywhere you go the places are packed like never before and people are carrying just as much as they were last year and the ten years before that if not more. The only point of "recession" is people digging themselves into their own debt and their own problems. Lending out the butt (started by Clinton" caused the boom in housing and-->
chritianrepublican 3 years ago
"I am so tired of hearing "recession" or depression or "bad economy". I havent seen it yet."
USA is alredy in recession even if you dont feel it.
And u will see it too. Hopefully it will be only another 4-5 quater recession but maybe the whole USA economy will colapse in 2009-2010.
Say Thank you for MR.Bush!
belarepa 3 years ago
why cant i see the video
just moved new area rx
DrugsIndustrial 3 years ago
Interesting video from CFR Fred. I do notice that he puts all of the blame on government (don't get me wrong - they deserve plenty) and avoids any mention of the Federal Reserve, which is run by his lords and masters at the Council on Foreign Relations. Fred is wise enough not to cross them. He is right in this respect - government and consumers should spend less. Of course, he is late to the party - Ron Paul's been saying this for decades.
violinthief 3 years ago
Fred Thompson in 2007: "I think there is no reason to believe that were headed for a recession. ... I see no reason to believe were headed for — (pause) — for economic downturn. ... I think if you look at the short term, its rosy. I think if you look at a 10-year projection, its rosy."
Who really called it and was right?
watch?v=8PIEGK0IbA4&fmt=18
watch?v=2I0QN-FYkpw
Quick, someone start hurling insults to distract people from the facts.
Thanks in advance.
RonPaulR3VOLUTION 3 years ago
Invited..
wcarlpdrysdale 3 years ago
This guy is a complete piece of shit. Where were these revelations during the primaries? I remember him chuckling at Ron Paul with the other dickheads like Romney, McCain and Giuliani. Sell your bullshit somewhere else.
willquinteros 3 years ago
Sorry, I just can not listen to Fred do his best at reciting his grasp of the Cliff Notes version of Ron Paul's teachings on Austrian economics and the free market. Long winded, slow talking Fred just doesn't cut the mustard.
usmcvet66 3 years ago
I suggest you can go back to sleep. Sweet dreams.
RevoCon53 3 years ago
Of course this one was meant for usmcvet66
RevoCon53 3 years ago
Do not confuse the message with the messenger . . .
RevoCon53 3 years ago
Brilliant and logic. He sounds like Ron Paul.
elbuggo 3 years ago
This has been flagged as spam show
In a time of universal deceit, telling the truth is a Revolutionary act. - George Orwell
RevoCon53 3 years ago
Glad Fred Thompson went to the Ron Paul school of economics. Think he's got it now!
scrosnoe 3 years ago 2
HAHAHAHAHAHAHAHAHAHAHA!
i love this guy!
littlebier8 3 years ago 2
Ok guys help me understand something. How does lending more money gonna cause price inflation?
AgentCell 3 years ago
Say there were 100 dollars in all of the United States to purchase all goods and services. Some people would literally have Zero dollars.
Therefore, a Penny would even be worth a lot of money.
You could probably buy a home for a penny if there were only 100 dollars in all the U.S.
Then as more money enters the system, it devalues the money already there because everyone can obtain it.
Get it?
HowTheWorldWorks 3 years ago
because the more money that is in the system the more money there is to collect.. thereby causing higher prices
chritianrepublican 3 years ago
Watch "Money as Debt" on YouTube or Google video.
metalsman71 3 years ago 3
Money IS created when banks lend money. For example, if you go and get a mortgage, the bank simply creates the money out of thin air based on your promise to pay back the loan. More loans, more money (aka inflation). More money, higher prices. Highly recommend watching "Money as Debt" here on youtube.
nelsonwinters 3 years ago
china and japan stopped lending us money already.
now we are printing our way to prosperity
KhmerD0g 3 years ago 2
"Bless their hearts they have no idea what's in store...but of course that's their problem" Hilarious and at the same time, scary true.
frickface1 3 years ago 3
Fred thompson was saying this all along but nobody wanted to hear what he was saying because they listened to the media that he got in too late..THats bull.. THompson was the only conservative choice. Ron Paul is a liberal sissy in disguise..he thinks if we hidew under a rock our problems will go away..I pray we have Fred, Bill Frist,And Palin as choices in 2012..Surely 1 of them will make it and any of those are great choices. Thanks Fred..always good to hear from you...Fred 2012!!!!
chritianrepublican 3 years ago
Lets favorite this and give it a high rating. Email it and post it on different web pages. Maybe our government will see that we're not all idiots. "let's pay off all these credit cards with one giant $700,000,000,000 one. Oh, and when THAT doesn't work, we'll just print more money" - Brilliant.
_Still think Obama was the best choice though. McCain didn't know the economy.
always2bfaithful 3 years ago
at 1:15-1:16, he says "while" like stewie in family guy
lol
jerey34 3 years ago
Haha...thanks for saying what I am thinking. Let's spend our way out of poverty!!
caragayle 3 years ago
stole all this from Ron Paul and Austrian Economics
tkubic46 3 years ago
as opposed to?
broncfan23 3 years ago
Great satire Mr.Thompson.
drewd1987 3 years ago 2
Ron Paul / Fred Thompson
Vitacore 3 years ago
Cut out the middle man and don't collect the tax in the first place.
YawnXen 3 years ago
Hey, wow. Did Fred Thompson finally listen to his libertarian brother? He has always been clueless prior to this. Check out the Reason Magazine article on Fred Thompson. Google: Fred Thompson Reason
heywoodjablohme 3 years ago 4
No, you were just dumb enough to think he was clueless. Other than you waking up, nothing has changed.
IncorruptibleTruth 3 years ago
This is a pretty good example of schadenfreude (SHAW-den-froy-duh)... Taking malicious satisfaction in another person's troubles ...and an example also of appealing to others who embrace schadenfreude.
Must be the reason I didn't vote for him and will never vote for anyone like him.
gpackwood1 3 years ago
It would be funny if it weren't from a man trying to pass himself off as a conservative.
chrikac 3 years ago 2
Fred Thompson is a lying fake acting come-lately. Ron Paul TOLD Fred this and Fred just made fun of Ron. Fred is just saying this now for attention. Too late.. PROOF
razer7echo 3 years ago 3
Search Youtube for "Ron Paul Teaches Fred Thompson How To Be President"
razer7echo 3 years ago 3
Why didn't Fred talk about this when he was running for President? Only Ron Paul was speaking the truth.
Vitacore 3 years ago 3
He talked about tapping our own oil here, waaaay before those others jumped on the bandwagon. Thing is, you people are so close-minded that you don't notice. You're too busy spamming vid and accounts "Ron Paul 08!"
SayeretMatkal07 3 years ago
Why all this talk about money. It's gonna be about food folks. When those trucks stop running the shelves will be bare and where are you gona buy it? We raise our own food now, have goats, milk products our own meat and smoke house, vegitables are put up as well as the grain with hay in the barn. I learned what the great depression was like from my grandfather. And bye the way don't come to the country looking for food. We will be ready to greet you to send you back.
Buffalomovie 3 years ago
It is about food, fuel, shelter, health. Don't blame the average person for this. Both sides of my family German and Italian were in food distribution in the city of New York and outside. I know that you meant that you would point a gun at people. If that is what you have to do....do it. Let's hope it does not get to that point. I tell people to stock up on gold..a timeless medium of exchange. We're all done for anyway.
marinello6 3 years ago 2
God, you people think Ron Paul is the only guy who has a clue.
SayeretMatkal07 3 years ago
Hey! jpeak - Duhhhhhhhhhhhhhhhhhh. Everything he said is right on the money. He just said it tongue & cheek. Both houses are spending us into oblivion. The peso will be worth more than the dollar before too long and there is nothing Obama can do to fix it - his policies will only make it come on quicker.
gameboy228 3 years ago 2
Community Re-investment Act, Community Re-investment Act, Community Re-investment Act, Community Re-investment Act. Big Teeth added 1999 BTW.
Blogengezer 3 years ago
Um, is he being facetious?
jpaek 3 years ago
umm, yes.
RogerBiggerstaff 3 years ago
Run Fred Run! PLEASE!
LadyMcCall 3 years ago
100% right on Mr. Fred. Keep on telling it like it is brother.
SearcySW 3 years ago
Right on the money... punt intended!
jrbosse 3 years ago
He's making the same mistake that most other politicians are making, and ignoring the role of the Fed in this disaster.
-jcr
NSResponder 3 years ago
Funny clip!
@ NSResponder: Coulda' sworn the WHOLE THING was about the Fed. They were named several times as causing this mess.
SwordsmanXB12Ss 3 years ago
Wasnt Fred an ACTOR!!! :o) I'm not falling for his act, he's reading cue cards.
MS1719ms 3 years ago
Did Ron Paul visit Fred?
LookBetter4Ever 3 years ago 2
Fred, I am impressed you are on YouTube.
pyrolyte 3 years ago
Gee Fred, it sure would have been nice if you had stood up for these ideas when you were a senator. Hypocrite.
erowe1 3 years ago 4
...too funny. i just realised that all we need is an older white dude - preferrably a rich guy with connections to big business - to run the government! how could that not work?
wsmvp22 3 years ago
Scumbag.
socomcorky 3 years ago
Awesome!!
eric731 3 years ago
lol!! Good ol' Fred! He somethin' isn't he?
ghendric 3 years ago
Fred, you're still a lowlife no matter how much you try to sound like a libertarian.
mrearlygold 3 years ago
wow sounded just like Ron Paul here....maybe if would of talked like this during the primaries.
coolcatsrus 3 years ago 4
Funny - that's exactly what I was thinking.
TheConstitutionLives 3 years ago 5
Let me ask you, what was the first act of Congress ever passed?
machinehead61 3 years ago
No, you answer my question.
Advocate1234 3 years ago
Libertarians are for Free Trade, a concept that is in direct contradiction to our Constitution.
Read Article I Section 8: The Congress shall have power to lay and collect taxes, duties, ... To regulate commerce with foreign nations....
Sound like "Free Trade" to you?
machinehead61 3 years ago
Oh Steve...
Let me ask you a question...with the exception of Tariffs, before the 16th Amendment, how do you expect the government to fund itself.
I'll wait...
Advocate1234 3 years ago
Actually most of the founders were free traders. They put this in mostly for warfare or punitive sanctions against other nations.
voicefromthegrave 3 years ago
I find Libertairians to be quite ignorant of U.S. trade history and the reason for the creation of the 1789 Constitution.
Steve
machinehead61 3 years ago
You care to finish your argument with examples?
Advocate1234 3 years ago
"Yeah, Business Week was citing household income which misrepresents individual income because household size has changed since 1975 by demographics and age."
Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory jobs are included. Real average
weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W.
machinehead61 3 years ago
Well, whatever they claim to have based it on....it has been increasing steadily since 1975 according to the Census data, Alan Reynold "Income and Wealth," and Thomas Sowell's Economic Facts and Fallacies.
Advocate1234 3 years ago
Advocate1234 Quote:
"1) You don't always need to borrow, sometimes you get investors for business;"
There is only one way this economy expands - it expands the money supply.
The only way the money supply expands is by LOANING more money into circulation.
Advocate1234 Quote:
"2) I'm glad you watched the movie Zeigeist, but that original interest is never going to be paid off."
I'm 47 and knew bout the Federal Reserve at least 15 years ago.
Steve
machinehead61 3 years ago
If I cut down tree and build a house, where is the increase in money supply?!
2) Great, but as much as I'm with you on the Fed, your argument against Fred is just nonsensical.
Advocate1234 3 years ago
Advocate1234 Quote:
"Real individual wages have increased since 1975. So nothing you said is true."
BusinessWeek Aug. 16
"Despite todays cheerier inflation number, real wages are still falling. The BLS reports that real hourly earnings are down by about a half percentage point since February."
Care to discuss that?
Steve
machinehead61 3 years ago
Yeah, Business Week was citing household income which misrepresents individual income because household size has changed since 1975 by demographics and age.
Advocate1234 3 years ago
Advocate1234 Quote:
"If I build a house (growing the economy), new labor is required to maintain it and that analogy is the same for every party of the economy."
First, if you "build" a house, do you borrow to build it?
If you do, you just added to the debt level of the nation. The bank creates the money out of thin air and then loans it to you and then you spend it into circulation.
You must pay the amount back with interest - thus another paradox.
The interest doesn't exist yet.
machinehead61 3 years ago
1) You don't always need to borrow, sometimes you get investors for business;
2) I'm glad you watched the movie Zeigeist, but that original interest is never going to be paid off.
Either way, people need to create wealth before they can run up their debt, or declare bankruptcy to clean out the system.
Advocate1234 3 years ago
Advocate124 Quote:
"You ignored growth and wealth."
Did I?
Let's start with "growth".
As our economy "grows" it does not effect the labor output/income ratio. In fact, labor productivity has increased but labor wages have stagnated and in some cases fallen, thus accelerating the rate at which labor must borrow to consume its own output. Mr. Fred Thompson has no explanation as to how this nation's producers are to "save" their way out of a depression.
Seve
machinehead61 3 years ago
Yes it does. If I build a house (growing the economy), new labor is required to maintain it and that analogy is the same for every party of the economy.
If you create a business, it requires a new workforce.
Real individual wages have increased since 1975. So nothing you said is true.
Advocate1234 3 years ago
It's great the Thompson gets it now, but he is two-faced. Thompson derided Ron Paul a year ago during the Republican primary debates for mentioning the insanity if inflating by printing money: See youtube(dot)com(slash)watch?v=FZWt897p7t
gr8dalmuti 3 years ago
No he didn't...Fred differed on Inflation creating the problem with our healthcare system.
Advocate1234 3 years ago
Where was Fred Thompson in his campaign mentioning the folly of printing money and the ensuing inflation? That was when he had the best chance to talk about it. But he didn't.
Thompson sardonically questioned inflation's effect on health care during a moment of posturing, but he did it because Ron Paul was talking about printing money and was getting flak from the other idiots on stage.
gr8dalmuti 3 years ago
As a Libertarian who would have voted for Thompson if he was still in the race when he got to my state, I'm convinced that Paul supporters are just a small cult of people who have no clue what Paul or the other candidates actually stood for when they ran.
Advocate1234 3 years ago
Wow, you make a compelling argument... Oh wait a minute, you don't.
Sure you recycled that hackneyed spirit of derision, that you're so fond of. But you have taken the low rode by playing the "cult" card. A true libertarian would respect people as individuals. But you have just mindlessly marginalized every Ron Paul supporter. Congratulations!
gr8dalmuti 3 years ago
The fact of the matter is that if you look through the comments on this thread, there are hundreds of people who think that Thompson is stealing ideas from Paul, as if Mises, Hayak, Bastiat, Burke and Friedman never existed.
It is nothing but a cult to Paul. The fact of the matter is that Thompson's economic policies were identical to Paul's with the exception of Military policy and likely the Fed.
Advocate1234 3 years ago
"Military Policy and The Fed"? Aren't Those 2 Tremendous Differences b/w Thompson and Ron Paul?
candidskeptic 2 years ago