Ron Paul: Stimulus for Who? 1/26/09

http://www.house.gov/paul
http://www.CampaignForLiberty.com

Congressman Ron Paul talks about the latest stupid bailout plan in his latest Texas Straight Talk entitled, "Stimulus for Who?" on January 26, 2009.

Category:

News & Politics

Tags:

• congressman
• ron
• paul
• texas
• straight
• talk
• stimulus
• for
• who

[xennelul]

this is nuts, Dr. Paul should be president and stop this madness!!

[linnx88]

Thank you Dr. Paul. You're the only voice of truth in Washington!

[thisafrikan]

maybe u f"""n americans stopped talking about gay marriage, candiates charm, abortion, guns, and israil when it comes time to vote. Instead of talking about things that matter. Stop bitching about the leadears u have u or ur neighbors voted for them they are not dicators. who cares what a guy miles away does does in his bedroom i dont know about u guys but i care about getting food on my table and having a job. not about some 17 yearl old whore i dont know well abort her baby or not.

[mongoose704]

@SigalaSigala Furthermore if we had responded like Friedman claimed, with massive monetary expansion, we would have seen recovery but we would have had an even worse correction down the road.

Look to the Austrian school. Leave behind failed Keynesian demand side, Laffer supply side, Friedman monetarism and lets get back to COMPETITION and free markets.

[mongoose704]

@SigalaSigala

However I do agree that tax cuts stimulate the economy. What we need though are tax cuts across the board, in every income class especially the middle class which accounts for most of our nation's consumption.

Letting people spend the money works. Letting government spend it doesn't.

[SigalaSigala]

@mongoose704 Just like FDR did during the Depression. He raised taxes on business to 80%, thereby killing any chance of a quick recovery. With taxes that high, most people couldn't afford to open new business, existing business couldn't afford to expand, and put many small business's out of business.

[mongoose704]

@mongoose704

If government creates jobs via monetary expansion by the Federal Reserve, you get the creation of what I call bubble jobs. They live and die with the bubble and are unsustainable like bubbles are. They are temporary. The monetary expansion of the 2000s decade more than doubled unemployment in the end. They can bring about economic depression, or even possibly, inflationary depression.

[mongoose704]

@SigalaSigala Right.

If government creates jobs via fiscal stimulus (taxpayer funded,) jobs are created but jobs in the private sector are eliminated by the tax increases. Usually it amounts to a net loss of jobs and economic stagflation.

[vinnykster]

Anyone that believes in what Obama is doing should have their head examined! Full blown Socialism or Socialism of any kind is NOT what America is about. It never has been!

[hyper422002]

Bye Bye to American Pride,,, had to shell out more money cause the liberals work ethics went dry,, but us good old boys are goona make them them all cry ,,,,saying THIS WILL BE THE DAY THAT THEY DIE!!!! This will be the day that they die!!!! LMAO!!

[cod2maz3]

Ok, i don't live in America, I haven't even been over there, but I can't help but love its history and the story behind the constitution and what America was supposed to stand for. That story inspires me today and forces me to understand what makes the whole system tick. The Government (constitution or no constitution) works for WE THE PEOPLE, and im sorry but if 250 million people don't like whats going on and cant march up those steps and throw Paul up there then i fear not just for America...

[Tyler7692]

This country is full speed ahead into a block wall. Ron Paul was our last hope.... its too late now.