Ron Paul: GM, Amtrak and an Increasingly Fascist America 6/8/09

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

In his June 8, 2009 Texas Straight Talk, Congressman Ron Paul talks about the GM ("Government Motors) fiasco.

"Political pressure, rather than the rule of law, is deciding how to divide up the remains of GM. The bondholders had billions in retirement savings invested in the company, and though they were entitled to nearly three times as much as the United Auto Workers, the bondholders were left with just a 10 percent stake compared to the unions 17.5 percent stake. For their 60 percent stake, taxpayers have a future of constant bailouts to look forward to.

"Combining public control of private business is known as fascism. While todays politicians may feel emboldened with all their new power, history will only repeat itself as all this collapses on itself. It is the height of hubris for bureaucrats and politicians to attempt to control the market and the freewill of the American people. In the end, the market always wins out. Maybe one day future generations will wise up and allow free markets to function and thrive without the albatross of government around its neck. For now, it looks like those in charge have not learned the lessons of the past, and have doomed us to repeat those mistakes once again."
--Ron Paul

Category:

News & Politics

Tags:

• congressman
• ron
• paul
• texas
• straight
• talk
• gm
• amtrak
• increasingly
• fascist
• america
• general
• motors
• government
• chrysler
• auto
• bailouts
• bankruptcies
• great
• depression
• recession

[BagOfEyebrows]

It's speeches like this one that have the greatest potential of protecting future generations from making the same mistakes over and over again - thank you, Congressman Paul! (and ty, Chris, for putting this up on youtube! - it's capecahdah here, used to listen to you on one of them revolution radio things :D )

[minnesotachris]

Hey BagOfEyebrows / capecahdah, I'm actually a different Minnesota Chris - I think the one on Revolution Radio is ChrisinMN or something like that.  Regardless, thanks for the nice comments! :-)

[robpatozz]

minnesotachris - Thank you for all of your hard work keeping us in the know! - Rob

[minnesotachris]

You're quite welcome Rob, I'm glad to what I can :-)

[Blackjack555]

''Fascism should rightly be called Corporatism, as it is the merger of corporate and government power.''

- Benito Mussolini

[Hylanvahr]

As always, Dr. Paul speaks truth. I can hardly wait for his next book, End the Fed, due out in September.

[carpadeim]

Ron Paul = righteous

[BagOfEyebrows]

doh! :D Thank you, none the less, for the great RP video to youtube! :)

[KalachakraandOBeast]

Obama, the Antichrist's in the White House

Pass on this message all over the world

Put up the "Marks of the Beast" video on your channel page like I did

[IMissLiberty]

Bookmark and check the accuracy in a couple of years - or decades. Every word will be proved right - we're doomed to repeat history.

[d0861]

Ron Paul = righteous.

[lights21002003]

cool