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Ron Paul bashes the bailout

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Say what you will about Ron Paul, but give him credit for this: he talks about important issues that almost no one else does. Given his status as one of the biggest critics of the burgeoning national debt, I've been waiting anxiously for his reaction to the $700 billion debt-funded bailout of the financial industry.

PressTV has some quotes from Mr. Paul. The Congressman from Texas called it a "mistake" because we "don't have the money." He added that, "We could change our foreign policy. We could take care of our people at home. We could lower taxes . . . the worst thing that we can do is perpetuate the bad policies that gave us this trouble in the first place."

That echoes one of the most important concerns expressed by critics of the bailout: moral hazard.

Paul handed Federal Reserve Chairman Ben Bernanke a dressing down for the ages today -- look for it on YouTube soon. In the meantime, check out these classic videos from Paul's battle against irresponsible fiscal policy.

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Last updated: November 26, 2009: 02:56 PM

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