Ron Paul on Government Bailouts

What's your take on this huge financial bailout? "It's more of the same. More debt and more inflation and more pressure on the dollar. Ultimately, although the markets are responding very favorably at the moment, I think it is going to be devastating to the dollar and to our financial situation in this country." - Ron Paul: This Bailout Won't Be the Last

Given that Ron Paul is one of the few living politicians who understand how government should actually function (in my so humble opinion), it’s not surprising that he makes me wish I lived in a time when those in power had no real power. However unlikely that may have ever been, there have, at least, been better times in the history of this country than now (I think everyone would at least agree with that).

So, I don’t really wish I lived in a different time. Not at all, actually. I’m glad to be living here and now. What I do wish is that this sort of thing wouldn’t happen. Apparently I’m not the only one, either.

A Rasmussen Poll out today puts the support for the bailout at 7%! For any legislator to vote yes on this plan is to spit in the face of his constituents and reveal his utter contempt for the democratic process and the voice of the people. To do so would require them to utterly disavow the Constitution that they swore by oath to uphold. - Now is the Time to Unite and Say with ONE Voice… - From the blog on campaignforliberty.com

Another excerpt from the Ron Paul interview:

Before the Depression, [the government] generally allowed these kinds of problems to unwind. They were very severe. They would last six months or a year—a lot of liquidation of debt would be wiped off the books. And then it would go back to work again. What we've been doing now—especially since 1971—is preventing the real liquidation of the malinvestment and the excess of debt... If this process continues, we're going to own General Motors and Ford, then we will have to own the airlines. We are socializing our country without even a vote by the Congress. It's a horrible situation."
Politics, Ron Paul, Government, Economics