How a "Very Pessimistic" Ron Paul Would Fix the Economy

http://www.patriotinternet.com Congressman Ron Paul is "very pessimistic" about the state of the economy, largely because - from his view - the Obama Administration "continues to do the things that created the problem in the first place."

Long a proponent of small government and a staunch opponent of the Federal Reserve system, Paul's main point is that increased spending and higher deficits are not the solution to our problems, but their cause.

"You can take care of people, but never with a deficit, never by expanding the spending," the Texas Republican says in this exclusive video interview, taped in the Capitol Hill Rotunda in Washington D.C. "The more we do to interfere with the correction - the longer it lasts."

Had he been elected, Paul said he would be doing "a lot less" than President Obama and blames Keynesian economics - which advocates increased government borrowing and spending during times of duress -- for our nation's current ills.

While admitting a transition to what he views an "ideal society" won't be quick or simple, Paul's economic prescription includes:

* Allowing bankruptcies to occur vs. rewarding failure with bailouts.
* Stop inflation by dismantling the Fed and returning to the gold standard.
* Encourage savings and liquidate debt.
* Deregulate.
* Give tax credits to those who take care of themselves, or the doctors who provide their care.
* Cut government spending, especially on international endeavors. "We spend hundreds of billions of maintaining our empire around the world. Let's bring that money home," he says.

These recommendations will be familiar to anyone who followed (or supported) Paul's run for the Presidency in 2008. Given all that's transpired in the past year, one suspects he'd be getting a lot more votes if the campaign were happening today.

Category:

News & Politics

Tags:

• ron
• paul
• economy
• dollar
• crash
• stimulus
• bailouts
• wall
• street
• revolution
• iran
• iraq
• war
• afghanistan

[neurartist]

if you are sick from this sicken economy, Dr. Ron Paul have the right prescription for you

[MonkWarrior108]

Ron Paul - real American hero.

[1dtbimp]

Ron Paul CAN FIX the economy for years to come. I had no idea until I read this letter. wwwDOTpetitiononlineDOTcom/fed­res/petitionDOThtml I'm a college student and usauly I mind my own buisness with this stuff, but just trust me you gatta read this. It tells the truth about our Federal Reserve Bank. If you want to make a difference sign the petition! I did I'm number 11301. By the way, many more signatures are needed to make a difference.

[sonnybrown]

"One person... Keynes." HAHA, this guy is my freakin hero

[RKAddict101]

@Hashishin13 Nah, it doesn't have to be on everything, it can be specific cases, all it has to be is going against popular opinion on something. Ron Paul is a contrarian among economists and politicians in that he doesn't believe in the mainstream view.

[Doug8521]

Ausrian Economists have been soo right! Ron Paul is their representative in Congress

[dumpjunkie]

I was saying this years before I ever knew of ron paul. This guy knows what he is talking about.

[RonPaulPromoVideos]

the people behind him are like "omg ron paul!"

[Hashishin13]

Ron Paul isn't a contrarian, what kind of propaganda is this? Contrarians just take the opposing view on everything, Paul is specific.