adara7537
01-26-2008, 06:47 PM
Okay, so my boyfriend and I have been talking to one of my friends about Paul. We was supporting Thompson and once Thompson dropped out he went to Romney. Makes me wanna vomit.
Anyhow we asked him why Paul over Romney-this was his reply-
1. The Gold Standard
The Gold Standard dragged out the Great Depression longer than it should've and in a global economy it makes matters of trade and money parity difficult. People talk about our reliance on Chinese money, but China is now the world's largest gold-producing nation. They will have a large hand in deciding the trading price of gold and affect the value of our dollar.
2. International Relations/War in Iraq
Congressman Paul always likes to point to one little line in Washington's farewell address about "entangling alliances"(the speech actually mentions "permanent alliances" anyway) with foreign powers. This is always pointed to as having total weight behind America being a non-interventionist nation. Washington must've had a change of heart (politicians have always done it; if you don't learn from your mistakes then I'd have a problem with you, i.e. Hillary Clinton and universal health care) because he had Ben Franklin hanging out in Paris soliciting French help during the Revolutionary War.
3. The Federal Reserve
Our economy should be as Adam Smith-esque as possible. The Fed does its job, however, and has prevented difficult economic times in the past. The economy always goes up and always goes down. That's just the way it is. Whenever it starts to hiccup people want immediate, drastic change. The members of the Fed do not benefit as much as one might think from FOMC operations, and Bernanke isn't even allowed to own stock or private investments so he's not beholden to his own personal interests. Fed chairmen's terms overlap those of presidents so they're not beholden to them either. The Fed works.
Hahahaha! Oh and by the way he's an accountant, so I would've hoped he knew better than this.
I am in the process of collecting information to dispute everything he has said-so if any of you want to throw in your two cents I would appreciate it-I don't want to forget anything. Or if you know of any good websites, that are good sources to reference, I would appreciate it.
Thanks! :)
Anyhow we asked him why Paul over Romney-this was his reply-
1. The Gold Standard
The Gold Standard dragged out the Great Depression longer than it should've and in a global economy it makes matters of trade and money parity difficult. People talk about our reliance on Chinese money, but China is now the world's largest gold-producing nation. They will have a large hand in deciding the trading price of gold and affect the value of our dollar.
2. International Relations/War in Iraq
Congressman Paul always likes to point to one little line in Washington's farewell address about "entangling alliances"(the speech actually mentions "permanent alliances" anyway) with foreign powers. This is always pointed to as having total weight behind America being a non-interventionist nation. Washington must've had a change of heart (politicians have always done it; if you don't learn from your mistakes then I'd have a problem with you, i.e. Hillary Clinton and universal health care) because he had Ben Franklin hanging out in Paris soliciting French help during the Revolutionary War.
3. The Federal Reserve
Our economy should be as Adam Smith-esque as possible. The Fed does its job, however, and has prevented difficult economic times in the past. The economy always goes up and always goes down. That's just the way it is. Whenever it starts to hiccup people want immediate, drastic change. The members of the Fed do not benefit as much as one might think from FOMC operations, and Bernanke isn't even allowed to own stock or private investments so he's not beholden to his own personal interests. Fed chairmen's terms overlap those of presidents so they're not beholden to them either. The Fed works.
Hahahaha! Oh and by the way he's an accountant, so I would've hoped he knew better than this.
I am in the process of collecting information to dispute everything he has said-so if any of you want to throw in your two cents I would appreciate it-I don't want to forget anything. Or if you know of any good websites, that are good sources to reference, I would appreciate it.
Thanks! :)