Ron Paul: Stimulus Packages \ Recession Into A Depression

[James and Terry Hamilton]

RON PAUL GETS IT RIGHT AGAIN"Tell a friend~~Become a VOICE"
Mr"O" is not the Savior,.. He will be the causer of AmeriKan doom at this point of history...He is just a puppet for the CFR boys

.SRY not to offend~ but before long Bush and company may looked like the redeemed[.Trying to be funny]
I long ago gave up the vote when I seen that it was being manipulated, so do not classify me into either political category I am just a simple Watchman.
IT IS ALL PROPAGANDA~~IMHO

Cessation from all this NOW is the only hope I see<><>My two cents worth
~~~~~~~~~~~~~~`
"We are doing exactly what we did in the 1930s, we are taking a recession and working very hard to try and turn it into a depression."
As I have stated before,...They[ The Controllers] are purposely bankrupting AmeriKa and they are doing it to the World<><>This will if Continued bring forth the third WW do we really want that

It beggars credulity to think that if you can see it and I can see it,
that all these smartypants scholars of history, these whiz-bang
economists, and a Congress consisting of our best and brightest (!)
can't seem to quite grasp the concept. It's almost as if they really
are working hard to trash the US. Naaah...that would be a conspiracy!
I guess they're all just stupid after all.

---

http://www.freedomsphoenix.com/Find-Freedom.htm?At=044708&From=...
(video links at link above)
Ron Paul: Stimulus Packages Will Turn Recession Into A Depression
http://www.prisonplanet.com/index.php/ron-paul-stimulus-packages-wi...
recession-into-a-depression.html

Congressman warns that destruction of Dollar will compound depression beyond
scale of 1930s crash

Steve Watson
Infowars.net
http://www.prisonplanet.com/index.html

Tuesday, Jan 27th, 2009

Texas Congressman Ron Paul has warned that passing the latest proposed
economic stimulus package would be akin to pouring kerosene on an already
raging fire.

Paul, who is also a member of the House Financial Services Committee, warned
that such measures will cause a recession to turn into a full scale
depression possibly worse than that of the 1930s.

During a Television interview with CNN, Paul explained why he believes
stimulus funding is such a destructive policy.

"It's because the government is spending it. If the people were spending it
it would be fine, but the government never does anything productive. They
have to take money from productive individuals and spend it in non
productive ways, so it's just digging a bigger hole, getting us into bigger
debt, and that is the problem." Paul said.

"This stimulus package is going to cost each and every American $6700 of
more debt, so how can that be beneficial? If debt was the answer we would of
never had a problem."

"We are doing exactly what we did in the 1930s, we are taking a recession
and working very hard to try and turn it into a depression." The Congressman
added.

"What we're worried about right now, well certainly I am, is that it's worse
than the 30's because we're on the verge of destroying the dollar. So if you
think the financial crisis is bad, and the financial system isn't working,
wait 'til you find out when the Dollar doesn't work."

The Congressman told viewers that only by liquidating debt, allowing the
market to operate freely and allowing prices to come down will the problem
be corrected.

Paul also spoke to those who have blamed the free market for the downturn
and have suggested that deregulation is a primary cause of the financial
crisis.

"We never had a hands off approach, that's the fallacy, and as long as we
believe that we will never correct our problem. If you blame Capitalism and
free markets and sound money for this then we can't win the intellectual
fight." Paul urged.

"If you want to regulate, regulate Government agencies, regulate the
Treasury, regulate the Federal Reserve. The Federal Reserve has no
oversight, they're not even permitted to be audited by law, so that's the
kind of oversight we need. The Federal Reserve has committed trillions of
dollars to individuals, corporations and banks, they don't even have to tell
us where it's gone to." he added.

The Congressman also appeared on MSNBC this morning to discuss the same
issue.

One commentator suggested that Paul's analysis was misguided because "The
house is already on fire" and something must be done to put it out.

"You are correct, the house is on fire," Paul fired back, "and you think
you're putting water on it, but I think you are pouring kerosene on it." he
added.

"We got into this mess by spending too much, borrowing too much and
inflating too much. Government was too big and we had too many regulations.
We had rejected the market economy for decades, we have rejected the notion
of sound money for decades, and we got into a mess this way. So what is the
proposal? Spend more money, borrow more money, print more money, regulate
more, it makes no sense whatsoever." Paul asserted.

The Congressman suggested that a more sound approach to the crisis would be
to abolish income tax and business tax to get Americans spending, whilst
simultaneously cutting overseas spending to cover revenue losses.

"But the problem is no one wants to cut the American Empire," Paul
explained.

"Even Obama's administration wants to increase spending overseas and
increase military spending.

As long as you want to run the world empire at a
trillion dollars a year, believe me you cannot solve this problem." he
added.

* * * * * * *
"The best we can hope for concerning the people at large is that they be
properly armed."
-- Alexander Hamilton, The Federalist Papers at 184-188


--
“When plunder becomes a way of life for a group of men living
together in society, they create for themselves, in the course
of time, a legal system that authorizes it and a moral code that
glorifies it.” – Frederic Bastiat