m72mc
08-13-2009, 10:59 AM
Excerpt:
by Walt Thiessen
(libertarian)
Thursday, August 13, 2009
When you talk with Rand Paul, it's impossible to forget that he is his father's son. The same kind of warmth, the same kind of genuineness of character, comes shining through. So also the same issue emphasis comes through, along with his determination not to pull punches. Like father, like son.
Paul talks about the national debt being the most important issue we face. He doesn't hesitate to say in the next breath that he decided to enter this campaign because he intends to win the Republican primary, and then the general election that follows it.
"The debt is my main motivating reason for running for office," he said to me in his trademark clear and calm tone during a phone interview late yesterday afternoon. "It's anticipated that the debt will reach 13% of GNP next year, and that government spending will reach 28% of GNP. The Federal Reserve doubled the money base last year. I think we're going to pay for it with inflation once all this new money leaks into the economy. I'm projecting 1979-style stagflation, possibly in as few as three years."
He doesn't think the entire outlook is dire, but his attitude remains very cautionary. He says, "We're going to get some growth. The Dow may hit 10,000, but it's going to be joined by significant inflation and high unemployment. With the fear that the Fed could pull the plug too soon without decent growth, we could see things get out of control."
He thinks that Republicans are ready for what he calls his "tough love." He doesn't hesitate to share it with them.
Continue here http://www.nolanchart.com/article6736.html
by Walt Thiessen
(libertarian)
Thursday, August 13, 2009
When you talk with Rand Paul, it's impossible to forget that he is his father's son. The same kind of warmth, the same kind of genuineness of character, comes shining through. So also the same issue emphasis comes through, along with his determination not to pull punches. Like father, like son.
Paul talks about the national debt being the most important issue we face. He doesn't hesitate to say in the next breath that he decided to enter this campaign because he intends to win the Republican primary, and then the general election that follows it.
"The debt is my main motivating reason for running for office," he said to me in his trademark clear and calm tone during a phone interview late yesterday afternoon. "It's anticipated that the debt will reach 13% of GNP next year, and that government spending will reach 28% of GNP. The Federal Reserve doubled the money base last year. I think we're going to pay for it with inflation once all this new money leaks into the economy. I'm projecting 1979-style stagflation, possibly in as few as three years."
He doesn't think the entire outlook is dire, but his attitude remains very cautionary. He says, "We're going to get some growth. The Dow may hit 10,000, but it's going to be joined by significant inflation and high unemployment. With the fear that the Fed could pull the plug too soon without decent growth, we could see things get out of control."
He thinks that Republicans are ready for what he calls his "tough love." He doesn't hesitate to share it with them.
Continue here http://www.nolanchart.com/article6736.html