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View Full Version : Ron Paul drives Republican policy, Republicans drive America to a crash




jkm1864
09-23-2011, 07:10 AM
When Republican House Speaker John Boehner (Ohio) and Majority Leader Eric Cantor (Va.) threaten the Fed if it tries to help the economy with monetary policy, their low-concept imitation of Ron Paul is economically ignorant and historically unprecedented. When Republican candidate Rick Perry threatens the Fed with charges of treason and comes close to threatening violence if the Fed chairman visits Texas, his polyester impersonation of Paul makes him intellectually and morally unfit for the presidency.

When the books are written, one story of the 2012 campaign will be the full magnitude of influence that Ron Paul has achieved over Republican economic policy. For better or worse, it is an enormous achievement for Paul that his lifetime body of work is now a consensus policy of the Republican Party.

The larger story, when the books are written, will be how Republican leaders in Congress appear hell-bent on returning the nation to the economic crash that began under the last Republican president, as so many recessions and depressions have begun under Republican leadership.

Here is how Speaker Boehner, Majority Leader Cantor and Senate Republican Leader Mitch McConnell (Ky.) are imitating 30 years of Ron Paul policies and destroying the American economy:

Never before in American history have leaders of any party attacked the Federal Reserve Board for trying to use monetary policy to strengthen the economy during a recession or depression. It has never happened before, not once in American history.






OK Guys let them have it!!!!

green73
09-23-2011, 08:39 AM
rep +

The Gold Standard
09-23-2011, 08:46 AM
The ignorant masses will eat this shit up because they don't understand how the system works. Because the Fed didn't announce QE3 they think the Fed all of a sudden changed course and isn't trying to stimulate the economy. They are still quantitatively easing, buying short term treasuries, and they are still printing money, and they are pumping trillions of dollars around the world trying to prop this thing up. When the crash comes it will be because the Fed caused it and can't do anything else to put it off, not because of any political rhetoric.

green73
09-23-2011, 09:33 AM
link

http://thehill.com/blogs/pundits-blog/economy-a-budget/183509-ron-paul-drives-republican-policy-republicans-drive-america-to-a-crash

D.A.S.
09-23-2011, 09:52 AM
Yea, it's one of Brent Budowsky's latest diatribes, and today he's definitely having a bad Keynesian day.