Ron Paul KOs Ben Bernanke on bailout plan

Ron Paul is *by far* the most knowledgable politician when it comes to monetary policy. He's in a league of his own.

Dr. Paul was called a Kook and so was Leonardo!

The facts are you all elected dopes, including me.

However in TX they elected a Genius and we need to pay attention to the only guy in the house that was screaming the ECONOMY IS CRASHING and I KNOW HOW TO FIX IT.

People need to listen to this guy now that everything is in the Toilet.

It is a NATIONAL DISGRACE that we have Iraq Hussein Osama and John Insane McCain to choose from for the Presidency. The VP candidates are even more reprehensible: A liar and plagiarist (Biden) and a Pentecostal, witchcraft-phobic former beauty queen.

We had a chance to choose Ron Paul and BLEW IT. Americans should be ashamed of themselves for voting for the above-listed corrupt scum.

American has indeed shifted from a democratic republic to a true kakistocracy. Ben Bernanke and Hank Paulson should be derided as traitorour Communists. Who are they working for? The KGB?

I will take up arms to defend my wallet...

I will take up arms to defend my home...

I will take up arms to defend my family

I will take up arms to defend my country...

I will take up arms to defend my arms...

I will take up arms to defend freedom...

I will take up arms to defend liberty...

I will take up arms to defend the rights of the people...

Do your part to keep me from having to take up arms...

Vote Ron Paul...

As they tell us that we have to fork out $700 Billion, JP Morgan Sachs is allowed to buy $400 billion worth of good Washington Mutual assets for less than $2 billion.

http://ewebsmith.com/bus/taxpayers.html

I agree with Chris that Ron Paul seems to the an island of sanity in a sea of panic. He hit the nail on the head about housing being overvalued. For almost the last decade we had an artifical economy sustained by building and selling to people that couldn't afford to buy it. Regardless of a bailout, the economy must shrink back to a level that is supported by people that can pay their loans back. New housing starts must go down and stay down, existing home sales must go for less, and it will take time for the economy to stablize. The best way to evaluate the houses in foreclosure SHOULD be the local tax rolls, but they fell into the trap, too. As the dust settles, the local government will have to lower their valuations to realistic levels, and cut spending accordingly. I think the whole thing will be ugly, but maybe a more responsible spending government structure will result. The wallstreet market is inflated and must adjust, with or without, the bailout. I don't see the point in taking the industry debt into national debt. The economy and market have to go down to the true sustainable level.

Ron is right. Paulson and Bernanke are wrong.

The sun is setting on the United States.

Ron is right. Paulson and Bernanke are wrong.

I totally agree with you JD. The bright boys in government are talking now except that people now know that they are in fact the dumb boys. They ought to be fired. These donkeys have been holding on their positions while deceiving the citizens. Thanks to Ron Paul, they have been exposed. Shame on these donkeys. It is unfortunate that Ron Paul is not the nominee for president.

Tony --

Do not -- ever -- make the mistake of thinking those guys are dumb.

They are ending up with all the money, no?

"Dumb" has been the cover story ever since Shrub got in there, just like "mistakes in judgment" has been the cover story for every deliberate encroachment they have made on our Treasury -- funny how all those "mistakes" (in Iraq, the housing market, and on and on) have been worth billions to the Right People.

They're just taking the money. people. Simple as that. The rest is just a line of bullshit a 12 year-old wouldn't buy ..

Ron Paul is an idiot and an embarassment. Did everyone miss the point where Bernanke pointed out that the Great Depression because the Fed did exactly what Paul is suggesting? (The walked away and did nothing.) He should go back to practicing medicine, but certainly not on me or my family.

Ron Paul been saying this for years. Government spending at this rate will destroy the dollar.

DH --

Don't know enough about Ron Paul to know if he's "an embarrassment" or not, or how his "embarrassment quotient" stacks up against the competition in DC nowadays (I mean, how far down the down the food chain could he possibly be?), but I do hope you realize that there is a world of difference between "walking away and doing nothing" (which, until last week, is pretty much what the Fed has done, anyway, while the crisis reached critical mass) and using the same critical mass it helped to create to stick everybody BUT the speculators with the ruinous costs of their disastrous speculations.

Truth is, when Bush or Bernanke or ANY current DC politician (yeah, that means Big John and St. Barack as well) talks about "preserving our way of life", they mean the way of life of the very upper crust who employs them -- be damned to my way of life, or yours, or Main Street's. They ARE the country: that's how they think, and that's how they behave.

Indemnify them against risk, and you will only see more wild risk-taking, more "required" bail-outs, more poisonous debt assumed by you, me, and our children's children.

Which, naturally, is OK with the folks we're talking about, isn't it? I mean, that's why the middle class exists, right? To guarantee those Italian marble floors, those second yachts, and all the other delightful appurtenances that make life worth living.

So, while Dr. Paul may, indeed, be full of it, suggesting that we all sink or swim together in the coming "market adjustment" seems a great deal less full of it than continuing to underwrite the present drunken orgy in the fond hope that Muffy and Topsy aren't financially humiliated at their Coming Out Parties.

Unthinkable, that!!!

The fact is Ron is right. If any of the other candidates have a clue, they are more concerned about what winners want, not what our country needs. For all you God fearing, he helps those who help them self. Now we got the government doing
all kinds of stuff we should do our self. I didn't
feel the crash at all. I am not rich enough too feel
it. If they want to go to Verges or AC loose money
have me cover their bets. **** Them. let the chips fall, I sure the hell had no extra cash before
the crash and just as less after. Bush drives this economy like we are in a demolition derby. And they are going to make me pay. Screw the banks
under limit fees, over draft fees so what we allready have too many Banks.7 hundred billion they play we pay. Revelutions have started for less. People should be going to prison, no to the bale out.

The remark, "the sun is setting on the United States" is a typical remark by people who know very little about the history of this country. There have been many times in the past when this has been the sentiment of many people with far more reasons to feel that way than the present variety, and long before 9/11, I might add. You people can denigrate those who believe in a Christian God, but there is no doubt that this country would have never been established nor survived this long without a Divine Power exercised on its behalf. Of course, we have been brought to our knees, several times. But we have risen from the dust and moved on. Through the years we have been blessed with some of the best minds in the world - more than any country. Think about countries we consider our closest allies, for instance. Now and then a truly great leader will arise who knows the times and leads with a skill that is far beyond their ordinary countrymen. But there have been great leaders from the very beginning in EVERY aspect of our society to the point that we demand super human mastery in those we choose to look to for leadership. In other words, we are s-p-o-i-l-e-d r-o-t-t-e-n.

If only our enemies were the soft touch that Ron Paul seems to think they are that we could sit down and pleasantly come to agreements with them! It ain't going to happen, Ron. OF COURSE, there are many Iranians who love freedom and want a better country where it can thrive, but those who have a strangle hold on it will NEVER relinquish their control peacefully. And for those who point to their meager defense budget, just remember that those people know how to take practically nothing and cause mayhem that boggles the mind. Everyone should know that by now, and if they don't they are not keeping up with things - which is an understatement.

The mention of Thr recovery act brings to mind, Schecter Poultry v US 295 US 495 1931, Supreme Ct. ruled "Congress cannot abdicate it"s duty and delegate to another group" It was ilegal then, it is ilegal now. The bankers bought congress in order to steal that authority. Study Andrea Jackson. He was wise to the bankers 1835. He knew the real terrorists.

The free market works,let the market determine the fate of these fraudsters who greedily processed these inflated priced real estate mortgages to the economically disadvantaged people who tried to keep up with the jones's . A one year recession sure beats a long drawn out ,tax and spend ,worthless paper dollar system,on the backs of the taxpayers,and future generations of citizens just to protect the criminals on wall street and in the banking industry .