Idiot alert: Ron Paul 'Doesn't Even Have...

[Prester John]

...a Basic Understanding of Fundamental Economics"

"That was the claim made by CNBC senior analyst and commentator Ron Insana on the June 14 broadcast of “Closing Bell.” At issue was a June 14 Washington Post article by Robert O’Hara and Dan Keating that suggested there was a conflict of interest in Paul’s investments and his policy stances, as in he is a proponent of the gold standard and other uses for the precious metal."

http://www.businessandmedia.org/articles/2010/20100614174325.aspx

http://newsbusters.org/blogs/jeff-poor/2010/06/14/cnbcs-insana-rips-ron-paul-he-doesnt-even-have-basic-understanding-fundam

[Vessol]

Ron Paul is a proponent for the gold standard?

News to me. :rolleyes:

That seems to be one of the biggest misconceptions of Dr. Paul.

[GunnyFreedom]

...a Basic Understanding of Fundamental Economics"

"That was the claim made by CNBC senior analyst and commentator Ron Insana on the June 14 broadcast of “Closing Bell.” At issue was a June 14 Washington Post article by Robert O’Hara and Dan Keating that suggested there was a conflict of interest in Paul’s investments and his policy stances, as in he is a proponent of the gold standard and other uses for the precious metal."

http://www.businessandmedia.org/articles/2010/20100614174325.aspx (http://www.businessandmedia.org/articles/2010/20100614174325.aspx)

http://newsbusters.org/blogs/jeff-poor/2010/06/14/cnbcs-insana-rips-ron-paul-he-doesnt-even-have-basic-understanding-fundam (http://newsbusters.org/blogs/jeff-poor/2010/06/14/cnbcs-insana-rips-ron-paul-he-doesnt-even-have-basic-understanding-fundam)

LOL -- next on CNBC, Ron Insana-ty tells you why Stephen Hawking is a clueless moron without even a basic understanding of elementary physics! Tune in after the break...

[MelissaWV]

...a Basic Understanding of Fundamental Economics"

"That was the claim made by CNBC senior analyst and commentator Ron Insana on the June 14 broadcast of “Closing Bell.” At issue was a June 14 Washington Post article by Robert O’Hara and Dan Keating that suggested there was a conflict of interest in Paul’s investments and his policy stances, as in he is a proponent of the gold standard and other uses for the precious metal."

http://www.businessandmedia.org/articles/2010/20100614174325.aspx

http://newsbusters.org/blogs/jeff-poor/2010/06/14/cnbcs-insana-rips-ron-paul-he-doesnt-even-have-basic-understanding-fundam

Dingbats, the lot of them.

Policy is about what you'd like to see happen. Investment is about what IS happening, the rules that are in place right now, and what you believe WILL happen in the future. One can be for alternative energy sources but see that oil and coal stocks are doing well at a given time, for instance. That makes you money so that you can invest in startups for alternative energy.

[phill4paul]

LOL. That was too funny. Great comedic wit on par with The Onion.

[Captain America]

i wish these people would fulfill their purpose and jump off a cliff by themselves instead of forcefully making us jump with them.

[lynnf]

...a Basic Understanding of Fundamental Economics"

"That was the claim made by CNBC senior analyst and commentator Ron Insana on the June 14 broadcast of “Closing Bell.” At issue was a June 14 Washington Post article by Robert O’Hara and Dan Keating that suggested there was a conflict of interest in Paul’s investments and his policy stances, as in he is a proponent of the gold standard and other uses for the precious metal."

http://www.businessandmedia.org/articles/2010/20100614174325.aspx

http://newsbusters.org/blogs/jeff-poor/2010/06/14/cnbcs-insana-rips-ron-paul-he-doesnt-even-have-basic-understanding-fundam

as opposed to the "geniuses" that shipped our jobs away and tanked the economy and rewarded the banksters?

lynn

[lx43]

Your telling me the investment genius Ron Insana is criticing someone else's investment style. This is the same Ron Insana who created and then closed his hedge fund (or should I say a fund of funds) in 2008 after it couldn't raise enough capital. Any person that invested with this moron was sure to lose money from the start. Insana created a fund of funds, he would raise your money, then invest it with other hedge fund managers. He wouldn't be making any investment decisions himself. Insana would charge a 1.5% AUM; then invest the money into another hedge fund which charge 2% of AUM and 20% or more of profits. They would make money even if you lost money and your break even would be much higher (I'm sure there wasn't a high water mark either).

Oh I forgot to mention there is a 2 year lock up for this fund; plus the standard lockup for the hedge fund he put the money in. I suspect it will be 2011 before any of those poor saps get their money back.

[freshjiva]

I work in the investments industry, particularly in stock research. Let me tell you one thing: Ron Insana has been wrong on his calls on more than a few occasions. He gets paid to make predictions. It is what it is.

This, however, calls for a fair debate. I hope Maria Bartiromo brings Dr Paul in on her show along with Insana and allows the two to make their cases head to head.

[yaz]

I saw this on TV, no one even defended him they just all laughed. Can we start sending emails?

[TCE]

Peter Schiff was right, but so was Ron Paul. Ron was calling for the collapse of the stock market and U.S. economy while Schiff was still a teenager. Or did they forget that they were all wrong and Paul/Schiff were right?

[sofia]

CNBC is sister station of Chris -the Rand/Ron hater- Matthews.

This appears to be co-ordinated.

[yaz]

What really happened is that Ron Paul is so in favor of the First Amendment, he runs attack ads against himself.