TPMtv: Just Start Bailing

[Rjackman84]

God damn, Ron Paul knows his shit! Listen to the man he's smart as hell.

[Nick0L]

Ron Paul is batsht crazy.

Going back to the gold standard has absolutely nothing to do with helping our domestic auto industry get back on its feet.

Some people are like broken records - stuck on the same ideas, repeating them over and over, meanwhile the world changes and events leave them behind.

It's best not to see the world through an ideological prism.

[ethanmaas]

hmmmm.... so fixing our broken monetary system based around meaningless paper has nothing to do with the financial crisis?

Who is looking through the prism now? Open your eyes.

[Freedom2Learn]

Nick0L---its clear you have no idea what you are talking about. Why dont you spell it out and explain your comment. Why...the gold standard has absolutely nothing to do with helping our domestic auto industry get back on its feet.

My guess is you have no idea how real money works.

Prove me wrong.

[Nick0L]

Freedom2Learn - OK know-it-all, explain to all us poor uneducated cretins how basing our currency on the gold standard today would have any effect at all on bailing out the Big 3 domestic auto manufacturers.

Enlighten us, oh wise one. LOL.

[Freedom2Learn]

You mean explain to YOU...Here, you ready? Its not rocket science...If you have REAL money, the crooks who stole the power to coin and regulate the value there of...CAN'T Print more of it...and there will BE NO BAIL OUT for any.

Real money means you must be more conservative with your business. I doubt that the big three would have kept building the gas guzzlers if they actually felt their business life was on the line. Thanks to Good ol uncle Sam loaning Chrysler the money, and Now Wall street

[Nick0L]

Freedom2Learn -

That's a very retarded proposal.

Changing to a gold standard now would be a CATASTROPHE.

I'm not a fan of the bailouts done so far, but doing nothing and allowing the financial sector and the Big 3 to collapse would cripple the entire economy and would put millions out of work, driving the country into an even worse deflationary spiral than what we're having now.

Any sensible economist will tell you that we need stimulus to get out of this mess, not the gold standard. LOL!!

[korriban129]

Stimulus?! Oh yes let's just throw even more money at it! We do not need socialist values we need to remember that we are a capitalist nation. If the business fails then it fails. They should not be supported by the government. The government needs to keep its hands out of the free market and stop wasting taxpayer dollars for a problem that it caused. By the way how will Congress fund such a stimulus?

[Nick0L]

korriban129 -

You're a fool. Government meddles in the free market all the time - through tax policy, through government contracts (like military spending), through research programs, etc.

Govts always use stimulus programs to get the economy through rough times, so quit acting like stimulus is something new. Read some history.

Congress will fund stimulus by borrowing money and adding to the massive debt that republican presidents have created.

[Parrott65]

Well, you obviously haven't done your homework. I bet you voted for Obama you moron.

[pkay92003]

Funny how there's a bank in Dubai (home of Haliburton) that's deals with nothin but gold. See Bernake's smirk? Abolish the Fed. Paul asked for a US Gold Inventory (Ft Knox) & congress balked! Paul asks in light of the dollar failing are u planning to replace our currency? Why? Bush is implementing the North American Union (USA, CAN & MEX) which plans incld new combined currency for all - the AMERO (similar to the EURO). Last yr Greenspan told the Saudis to dump the Dollar for the EURO! Traitors!

[trashboniskow]

Its not Ron Pauls mistake because this video is a trailer, actually the scene with Ron Paul is not the hearing of the auto industry you can confirm that on cspan.

[aimsux3214]

Even if the money was backed by nothing but was in proportion to the population it would be better then what we are currently doing. If it was in proportion to the population you couldn't just increase the supply without more babies being born which would stop inflation and increase the value of the dollar overall. I think a silver standard is better then a gold standard because the same bankers that started the fed own most of the gold now.

[novazembla]

no, it's comparing Ron Paul to the founders that calls the founders crazy.

[fishhead06]

Please explain to me how founding a monetary system on a metal is more sensible than valuing a currency according to the strength of its economy. "Sure, our economy sucks - but, please, won't you take a gold brick?"

[ilike2burnthing]

"What if you don't?"

Now there's a scary thought!

[fishhead06]

Ron Paul is nuts. Gold?

[KabutoHunter]

Yes, gold. Something that has value. The US dollar is backed by nothing. We used to have silver and gold, which our paper money represented, but not any more.

Without silver and gold, our money is worthless paper. That's why the Federal Reserve can just print off new reams of moolah and drive it down to the banks. They didn't create new wealth, just new paper.

[silverandblack68]

The American gov't should have said to the Banking industry. Billionaires you want our $ then your salaries will all be contracted out at 100,000 no bonus's and you no longer own the banks. Same for the Auto industry if Billionaires want to steal bailout money. 100,000 max to all CEO and the American gov't now owns GM, FORD & CHRYSLER. They will back off in a nano second and stop whining. Overpriced garbage.

[GretchenDawntreader]

all they freakin talked about when they were whipping up this $700 billion sideshow was how it was going to save the middle class and homeowners. Now they are trying to figure out how they can manage to have all $700 billion go to big business so it can "trickle down" on us like it has during the past several years. Paulson arguing against it helping with mortgages.

He should be taken out and shot.

[novazembla]

good for Ron Paul, bringing some old-fashioned crazy back to the House.

[monalisasmiles4you]

Gold?? We need to use gold instead of dollars? wtf? Why isn't anyone addressing the real problem?

[djancak]

what in your mind is the real problem?

[UGOTDAJACK]

People like you are to DUMB to understand what he meant by gold. Right now the american dollar is backed by...NOTHING, and it is only a matter of time before the rest of the world builds up enough courage to say...FUCK OFF YANKS and dumps all of your manopoly money in the garbage where it belongs.

[MrMeter]

It's backed by oil. The standard currency for oil trade in the world, is the US dollar.

[revolt4love]

i like this morici guy.

also i cant leave this page without making fun of barney's voice. so LOL

[johnreon]

Why do they not talk about the real Problem???

The USA Government Borrows all money spent from the Federal Reserve Bank with interest on Military, Government Programs, CIA, FBI and every thing else they deem needed to spend money on...

All IRS Tax Collected from we the people goes to pay off the Federal Reserve Bank of which always falls way below the amount borrowed from our Government...

So in Plain View the World is watching the the USA go Bankrupt...

[johnreon]

But the real problem is that the best plan the USA congress could come up with is a Bail Out

Borrow 800 Billion from the Federal Reserve Bank with interest then put in charge and give the 800 billion to distribute to the very same Corrupt and Conniving Monetary lending institutions that created this whole problem in the 1st place... Then we have found out that 300 Billion of the bail out money went to foreign investors...

watch?v=Aiq3I0o_SHA

[productrevealer]

Its starting to turn into a car company bail out plan.

[wdcsucks1]

paulson is a real Nazi!!!and i am not just saying it to provoke, he is a NAZI!!!

[wdcsucks1]

paulson is a criminal and his head should be rolling down the stairs of the capitol!!!

END THE FED!!!

people, they want riots, they want to round you up and send you to the FEMA camps to be exterminated. WAKE UP!!!

[namename654]

Great. They bring in the fucking car salesmen. Whats next?

[ArabAmerican4RonPaul]

Let them fall, this is the Market econmy, if they fall, the cars prices will go back to normal. Car prices are inflated. They were racing who sells more cars, who gives 0% even if the did not afford it. Games, deceptions, corruption, If you miss 3 payments they repo your car without mercy. Why should people sympathaize with these greedy Bastard. I am sure they will get the Bail out money any way.

[deltheatheist]

WTF recent drop in sales in cars when they go and charge $4.00 a gallon of gas for years.

[freesk8]

No Bailouts!

[projectdurden]

...what if you don't though? Classic ending.

[Epic878787]

What do you expect from (the American) people who are stupid enough to believe that it's actually bad to protect themselves?

Protectionism is bad. Yeah, it's bad for corporations but good for citizens.

Protectionism is patriotism.

But now that America has let it's manufacturing go it has little to protect. They'll say, oh, we can't risk trade wars now, lol, after they've fucked over their own countrymen.

[gab7131]

At 3:31 look at Paulsons crooked left hand pinkey finger----He is a WITCH!!! BURN HIM!!!

[rundoetx]

We are doomed, with idiots like these in charge. (except for R.P.)

[oppesdaman]

3:31 WTF is up with Paulson's left pinky finger??? That is some creepy shit, man!

[Billy982810]

Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global Global

[greenback001]

Ron Paul has been predicting this demise for years.

[gisforgary]

people like economist paul krugman have been too. Smart people have been labeled "elite" and silenced in this country to give room to a lot of stupid ideas that fly over the heads of the masses. Best of luck to Ron Paul making the GOP into something conservative again. Paulson is an embarassment and I don't understand why anyone would give him 50 cents let alone 700 billion. Liberals all to often think everyone wants to share the sandbox -- even though they lived through the last 8 years too.

[GodKillerAtheist]

Ron Paul was spot on

[iamTenacity]

I wonder if the CEOs realize the reason no one is buying cars is because us "regular folks" have no money to buy their cars. So if the bailout money should go to us we would then have the money to buy their cars and they would be back in business.

What good is giving car companies money if we still can't afford their cars because of the bad economy, not to mention all the layoffs so those people obviously can't afford new cars right now.

[luchamini]

I could never work under Barney Frank. Anytime he would try to give me orders I would chuckle and then poke him in the belly just to see what his response would be. He sounds/looks like a cartoon character brought to life!

[GlobalSufi]

My opinion? None of these jackasses know that they are doing - this is in reality the Politicians AND Big business bailing each other out - business as usual, and, as usual, the middle class & the poor will take the brunt of the failures and greed of both politicians and their corporate masters.

[HayteStreet]

ehh you shouldn't have edited it.

[Dewdaahman]

who are the shareholders of the FED..? does Rockerfella own 50 cents of every dollar on earth..?

[CliveSinclairZX]

wow this is out of control! I hope they do not bail these people out.

"How many of you got here in a private jet today?"

"Are any of you selling that jet?"

"...."

"That's what I thought."

BURNED!!!!!!

[SquallCloud]

Please don't bail these fuckwads out. Buy them a book on budgeting and be done with it.

At the very least, tell them to cut corporate spending by 75% for a year before you invest 1 thin dime in their failed bullshit system.

I never thought I would be living in the middle of an empire's collapse. Suuuure give the reins over to the black man when you've fucked it up beyond repair. *pbbst* How totally typical.

[belgurdo]

There's only one group you can blame this mess on and their name starts with a 'r' and ends with 'epublicans'

[dragonfox312]

rofl at ending

[WatTheFuckFrank]

ron paul is a smart man....

[ghettogothfreestyler]

such big titties and ass

[voyeurdug]

A world trading currency would be a good idea, to buffer the vagaries of individual nations' financial communities... buuut, that would be a good thing to have started implementing about three or four years ago. To superimpose it higgledy-piggledy to stem a crisis would be a waste of trees and ink.

[dehdehsac323]

ron paul sounds like the class douche. "we need to go to gold!"...

everyone luaughs at him

we should just make everything free there monetary system solved

[jstutz2003]

Let the automakers die. The UAW has killed its golden goose. They've sucked the life right out of it. Only way I would consider bailing these clowns out is if they permanently killed the UAW and capped executive pay at $1,000,000 per year or less.

[crabsbarc]

blaming UAW for the state of the U.S. auto industry is like blaming a suicide on the deceased's kidneys. if you really think unions are the problem with industry you have some serious learning to do...

[laurettifan]

Come on! I'm sure there is a perfectly logical scenario where a suicide could be blamed on a deceased person's kindneys. For example, "The Doctor told the alcoholic that if he drank one more drop of alcohol his kidneys would fail annd he would die." In this situation it makes sense that the alcoholic would commit suicide and therefore it is possibe that the kidneys could be directly related to the cause of death.

[jstutz2003]

You must be a member. The average UAW worker with a high school diploma makes over $70 an hour BEFORE benefits like retirement and health insurance.  How can any industry survive while paying its workers twice as much as its competitors? But let's hear your theory on why U.S. Automakers can't compete.

[rationalskeptic7718]

While I would agree the monetary system and even more so the fractional reserve system is an abject failure basing it on "precious metals" or "precious gems" or anything based on scarcity is merely another example of fiat currency. However, debt free fiat currency is better than the heavily leveraged monetary system we have now. Dr. Paul is half-right but he's half off his rocker if he things gold is the answer. No system outside of a resource based economy excludes a fiat system of value.

[hellshade2]

these auto companies should be allowed to die. no more bailouts. i have been working on cars for 27 years now and do you want to know why the big three are having finacial problems? it's because thier cars suck and people have started to realise that and they are buying foreign like toyota and honda.

all the big three have produced in the last 10 years is shodily made junk. no question. but they want to be bailed out and not show a way to even improve the garbage they are pedaling....

[Bogglenoggin]

See, the thing here is that the average joe (NOT Joe the plumber) doesn't have accsess to private company or politician's records. We have to take there word that there IS a "crisis", they told us so.. We have to take there word that there is a threat to American intrests in a country across the ocean, they told us so... There all in cahoots I say! The bailout is just another way these corperations are leagally STEALING your money with your government's seal of approval. GOP powns you. The end.

[rickremixx]

Ron Paul 2012

[jjpash]

Ron paul, badass

[incidental74]

The ending was classic:

"What if you don't [pay back the loan], though"

Chrysler's CEO Nardelli then looks down in blanked wonderment.

[OrchusGhole]

People need to listen to what sharp minds like Peter Morici are saying about this bailout. Paulson is a criminal and he's doing everything he can to have full control of this bailout money so he can feed it to his friends like he has been doing since he took that office. The end of this video is great: "What if you don't, though?" And the guy looks completely baffled.

[eekdog2005]

Ron Paul is making his haters look foolish, they just can't handle the fact that Dr. Paul has been predicting this for decades, wake up idiot Haters.

[bringtheboyshome]

GM alone made 181 billion in 2007. To much on the private jet, to much in salaries

[Jaxcast]

Ron Paul asking for the US to put on the gold standard is a noble idea The gold standard is far...farm more stable than current bovine theology.

Treat the auto makers like the airlines. Chapter 11 if those manufacturers can't make it. Like many others in this thread -> Make better cars and people will come. Ask Honda and Toyota.

If Bush administration isn't going to spend money on what congress told them to. Time to snatch the purse strings back and take control.

[johnprossermusic2]

Tell GM to build cars worth buying then maybe people will buy them!

[Nick0L]

Ron Paul was included in this video because he is...

CUCKOO!!!!

[alnewberry]

Yeah. Just like everyone whose warnings over the years have been ignored and are now being proven out.

If being right long before anyone else is ready to admit it is cuckoo, let me sign up now.

[cookimonstizzle]

Why are people giving Ron Paul's praise thumbs-down? He's RIGHT.

[MooseOfReason]

cookimon, They have a different ideology. Since refuting policy is out of the question, thumbs it is.

[CBRushing586]

Loved what Ron Paul had to say, such a smart man!

[Mychaels]

The big 3 are a business. Businesses fail every day. There are enough cars out there to get along with. Or maybe yet! We will keep our cars for a long time till another company can produce cars that won't fuck up the economy. Does anyone remember the Ford F-150 or other gas guzzlers that are used as toys by the American consumer?

[1CountryIndivisible]

To be fair, NPR brought up the point that Japan and many other countries put money into the big three's competitors. They do this because they get a good return on their investment in jobs, taxes and technology they can use in other businesses.

Boeing fights this problem with Airbus too. So before people start going on about socialism, you better think about the prospect of no jobs here and your only choice is to buying cars that are foreign owned.

Can the Volt be fast tracked?

[cookimonstizzle]

That union president was bad ass.

[press1500]

I've an idea... U.S.A. the United States Auto company... merge all three, take the R&D for all three, dump all unprofitable lines, and throw out the C-level execs and the boards. Take the best models going forward, streamline this company, renegotiate with UAW. give them a 5 year tax subsidy, and be done with it, at that point they sink or swim or there own.

[1CountryIndivisible]

I like it press1500.

[Somerled1]

Loved that Ron Paul was included in this clip, thanks! He is a great guy! If only America knew how good his intentions are! He knows more about economics then any of these fats cats on capital hill!

[1CountryIndivisible]

Very complicated. The big three have been screwing up since Jimmy Carter.  I have owned Toyotas since the 70s. Many others insisted on big land boats, so of course the big three were happy to supply them.

The American public bought SUVs and Hummers until when? When gas prices hit $4.

Solution? Don't have one. Maybe provide a loan to keep the technology in place for electric cars and batteries, but the tax payer calls the shots until they pay off the loan. Maybe some have to go under... ?

[PersonalJesus348]

Well GM stop making old cars go faster and you would've survived.

Now you should pay for your crimes against the earth.

[bernlin2000]

Pensions weren't the root cause, but they ARE bogged down by alot of the benefits they have given employees, as compared to foreign automakers who pay their employees much less. There's nothing easy about this: people will lose their jobs and those that remain will be paid much less. Otherwise, GM is gone and so is Chrysler

[bernlin2000]

False dichotomy: Let GM fail or bail it out. Better idea: let them fail and bail them out in such a fashion that protects workers (albeit on a temporary basis, since jobs will have to be cut if GM wants to survive) and also protects the taxpayers from being robbed by these automakers that simply are no longer competitive enough with foreign automakers.

[rjanis123]

to excuse, and defend their financial acumen, they say they cut 51,000 American jobs, in an effort to restructure... all the while these CEO's make anywhere between 18MILLION,and UP!

They CANNOT have any of MY MONEY.. on this note I'll fight.. by any means necessary..

[mikecashvip]

isnt survival of the fittest a part of capitalism, if they make an inferior product and cant compete in the marketplace shouldnt they be expected to go under. if we start bailing these companies out we will be teetering on the verge of socialism. Capitalism or bust!

[rogermoore27]

Are these not the same CEOs who came to this meeting in their private aircrafts?

[robinvan1983]

you get an e-cookie!

you are correct.

they have made their own doom... they never invested in high mileage cars or any kind of eco friendly development. that killed them

[rjanis123]

at 22000 each CEO

where as they could have flown commercially at less then 300 each, or even first class would have been right around 800 .. but yeah, same guys.. good call

[spencerdev91]

Wow, as a Democrat I can say Ron Paul is a really great guy, he is clearly looking out for our country.

[eminance67]

lets deploy a million more gas guzzling luxury SUVs into our showrooms... if people don't buy them its okay, because we'll get their money anyway. let us show our frugality and sound business minds by showing up for a bailout in private jets... I have an idea! Lets give taxpayer money back to taxpayers and let them decide just who it is they want to bail out. I bet it isn't the auto industry...

[awerner2007]

at least not the "big 3" of the auto industry. Ya, its funny. Why not help people get back the house they lost etc.? No, lets tax the people that lost there houses and give money to an auto industry not keeping up with what people want in their vehicles.

[strylowskia90]

The more and more I hear of Ron Paul, the more and more I like him.

[banduril]

oh god ron paul.  someone get him a gold plated muzzle

[illuminol]

bailout system: take a huge sum out of your tax, "inject it" strait into the pockets of those that started the crisis in the first place. Oh say, CAN YOU SEE?

[dralavant]

We shouldn't bail out these jerks who don't care about anyone but themselves.

[vertigate]

Ron Paul is a toolbag. "The dollar system has essentially been declared dead" He's like a broken record with his gold standard. It's totally offtopic. We're way past that. The gold standard caused the Great Depression starting in Great Britain, cause it leads to frequent high deflation, which is a lot worse than inflation, cause deflation can cause viable borrowers to go bust. Paul's solutions (deregulation, deflation, deglobalization) are the most extreme opposite of what we realistically need.

[vertigate]

If you think the gold standard is a great idea look to US-China. China has a peg to the dollar and it doesn't do the US any good to see their dollars go abroad in a high trade deficit. This would be gold reserves going to China if there was a gold standard, and it might well crush the US like it crushed Great Britain in the 30s. It's not as if we hadn't been there before. This gs talk is tired and Paul's real problem is that he's a secessionist who hates the word "federal".

[vertigate]

The idea that gold as a currency has a somehow ethereal status is ridiculous. Gold is totally random. It is one good among others that you can write an IOU (i.e money) on. The economy has many more goods that keep it running and improving our lives and the monetary system should reflect that and enable free trade. And the best way to ensure that is a properly regulated banking system, that regulates excesses BEFORE it is in need of a bailout.

[vertigate]

I know RP was not the main topic here, and he was offtopic as usual with his comments, but he still irks me to comment sometimes.

[jamminjago]

Our currency is backed by nothing, I agree that gold is not the only thing that can be used to assign value to a monetary system however. Silver, Bronze, Bananas! Something. Our dollar is backed by one thing, and that is partially by the power of the country. Continue to inflate the money supply however continues to reduce its value. Values always decrease, but the trouble comes when the value of your currency decreases much more than the value of other currencies. Bailouts are a mistake.

[vertigate]

Money has one purpose only, that is to facilitate trade of ALL goods by providing a divisible medium of exchange and storage of value. The reason gold has been used for this purpose historically had to do with its properties and perceived value. But even gold coins were quickly replaced by IOUs and paper money that just represent these values. Gold is not an ethereal holder of value (golden calf) and the monetary system doesn't function separately from the economy.

[vertigate]

I don't know if bailouts are always a mistake. They're certainly a sign that you're in deep poopoo. One way or the other.

[baronmorris]

I totally agree. and have often wondered why it is praised as the almighty by so many dogmatists.

peace. wealth is not everything. be good to one another.

[mahyarmohaghegh]

ahahha i always find it funny cause its Ron Paul who supports a very free-market capitalism and is very right wing, is the one that brings into questioning the history of economy,an extremely left-wing and Marxist or Hegelian method. HES STILL IGNORED!!!

[Kni7es]

If these charlatans are going to take a penny of taxpayer money to subsidize their industry, then the government has every right to tell them exactly what to do with it. There needs to be an ultimatum here:

-We'll loan you the $25bil you need, but you must use it to retool your factories to produce green vehicles.

-If you do not do this with that money, or we find you out on your yachts holding parties, or golden parachutes, then we liquidize your assets until you pay us back in full.

[AnnaSmee]

Can someone please tell me why Ron Paul is so great? Didn't he want to get rid of TAXES?

Tell me his policies, tell me why he is an american hero or why you love him.

[hamsterpoop]

Ron Paul is ok. Not excellent. Just a decent guy in congress. He just has a bunch of moron 17-year-old fans who apparently had never heard of economics before this election.

[alnewberry]

Perhaps you should familiarize yourself with the truth. Paul has pushed to get rid of the income tax, which would still leave us with enough to support a bloated government the size we had back in 1997. Income tax is only one of a ridiculous variety of taxes.

[MooseOfReason]

AnneSmee, you say that as though getting rid of (income) "TAXES" is a bad thing.

His policies? He wants to bring our troops home from Iraq. He wants to cut spending, and overseas spending is at the top of his list (650,000 troops in 130 countries, 700 bases). He wants to restore our civil liberties by repealing the Patriot Act. He wants to pull our ships out of the Persian Gulf. He wants to talk to Cuba and work toward ending the embargo. And he wants diplomacy with Russia. And more.

[mayaluvsmusic]

These execs will do and say anything inorder to retain their power. They REFUSE to produce the products we NEED...like green cars. Did you know there are cars that can run on veggie oil? Amazing. But the big 3 wont even go there.bitches.

[faithrick]

first

[AnnaSmee]

Fail.

[Pleblian]

Theater! all theater... This was a set-up from the very beginning.

They're going to take their money and run!

[Causa10bserver]

It's interesting how our economic shortcomings were Bush's fault before the election but now are the result of a global economic crisis (that's been going on for a few years now). Maybe now that they've been elected they'll address the real problems instead of pointing fingers in their quest for power.

[typhonsentra]

Good Ol' Paul with pushing the Gold Standard.

[bernlin2000]

If only it would work...cause it never will

[alnewberry]

Even though it worked very well for centuries.

[IslandHermit]

Only if you pick and choose your centuries very carefully. The history of currencies backed by precious metals is littered with speculative bubbles, recessions and failed economies. So-called "hard" currencies make it difficult for governments to manage the business cycle (save in good times, spend in bad) and all but helpless in the face of inflation or deflation.

[MooseOfReason]

What the f***?!

Hermit, "difficult for the government to manage the business cycle"?

Uhh... the business cycle is none of their damn business.

Unless you're okay with the government controlling everything.

[IslandHermit]

"manage" is not the same as "control"

At the peak of the business cycle demand outstrips supply creating inflationary pressure. At the end of the cycle there's a natural tendency toward recession.

Government can help smooth out the pain of the cycle by saving during the peak and spending during the downturn. That's pretty standard macroeconomics.

The problem is that politicians can rarely find the discipline to save during good times.

[kakahass]

actually this is not standard macroeconomics thats just keynesian economics which is an economic theory that doesn't even add up

[MooseOfReason]

Hermit, that's why people should do the saving, not the government.

Meaning the people should keep more of their own money.

That's kind of why I favor replacing the income tax with a sales tax.

[Maplesyrup41]

ron paul is a true american hero

[isegoria1]

TARP

Talking Assholes Rob the People

[isegoria1]

Conspiracy nuts not sounding so nutty anymore huh?

Notice this threatens the big 3, who said it threatens us? Why are there not companies cropping up all over the place making or converting electric cars?

[bigmoney714]

Babylon is falling. Stock up while you can. We wont be king any longer. Israel will be boss just the way our govt. wants it. They will bailout the D 3. Amero maybe 1 world currency yes but when

[kastolp]

I love Ron Paul!!! (in a heterosexual way- not that there is anything wrong with homosexuals.)

[nasanction]

If you divide the 700 billion dollars amongst the people, everyone will own there homes outright. Then the economy will turn around. I sit here in front of you asking for our bailout! Not for the banksters. They are all crooks! Up until the turn of the 19th century, it was considered thievery to make money on money. Surprise! It still is... You can't raise chickens using a fox to guard them... What fools have come from public schools...

[Causa10bserver]

Excellent points, nasanction.

[jstutz2003]

You do realize that each person would get less than $5000, right?

[TeleShaman]

a one world currency, its coming people.

[WKaliber1]

no its fucking not

the inflation in some countries do not allow it

[linusgreen]

It should come. Along with world government.

[WKaliber1]

yeah but it wont

UK still has the pound, despite being in the UN for several years

[tavadon777]

ummm u mena the EU, not the UN, the EU uses the Euro, the UN doesnt have a currency

[WKaliber1]

yeah I meant the EU obviously ,it doesnt change the point that one Euro cent would be too steep as a lowest currency in most African countries, and so there will be no such thing as a world currency

it would take each country YEARS to even begin to come off the old currency

[TeleShaman]

woah settle down. Angry much? I didn't say it would happen tomorrow. Given the world markets all taking a dump at the same time, I wouldn't say it will NEVER happen. I hope your right though, cause I for one don't want to see it. Nor do I want to see the US join up with Mexico and Canada with the Amero

[WKaliber1]

angdy at what? i didnt use any word such as fuck or cunt or cumcatcher in my comment, im not angry, just realistic

[alnewberry]

the inflation in countries like, say, the United States?

[WKaliber1]

so you're comparing US inflation to the inflation in lets say Zimbabwe? nice one