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Ron Paul bashes the bailout

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It's no surprise that Congressman Ron Paul isn't pleased with bailouts and economic stimuli. He recently appeared on MSNBC's Morning Joe and explained why he believes that the current path of economic intervention will turn a bad recession into a depression.

His point is essentially this: What got us into the current mess was excessive consumption and excessive leverage -- and now we are trying to do more of both to get the economy out of this mess.

Watch the video below. It's hard to argue with.

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Last updated: November 26, 2009: 09:21 PM

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