Ron Paul's "Real Economic Stimulus Plan" to be unveiled

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Dr. Paul’s long-awaited answer to America’s gathering fiscal crisis will be released today. Get ready for a real economic stimulus package — not a one-time rebate, but measures that will put us back on the path toward sound money, a growing economy, and restraint on government spending. Breaking soon…



posted on the daily dose campaign blog
http://people.ronpaul2008.com/campaign-updates

[Joe3113]

I can't friggen wait...

[CareerTech1]

im ready

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I can't friggen wait...

i hope he puts all the other candidates to shame with this
today's media frenzy interviews were just a prelude to his exact plan

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they just added this to the blog:

Addendum: A few clues to the contents of Dr. Paul’s comprehensive economic revitalization plan may be contained in his interview with Glenn Beck yesterday:

GLENN: I thought I would get Ron Paul on the phone and find out where
he stands on the economy, what the problems are with the economy, what
he thinks is coming in our future and how he would correct it if he
was President of the United States, and he’s on with us now, hello,
Ron Paul.

PAUL: Hello, nice to be with you.

GLENN: Nice to be with you, sir. First of all, tell me what’s
happening with the economy.

PAUL: Well, it’s making the correction that was inevitable due to the
malinvestment and the unbelievable debt accumulated due to a federal
reserve policy. Once they create credit out of thin air, they cause
business people, savers to do the wrong thing and you always have to
have a correction. So dealing with the recession is very difficult
because the cars with a few years ago and we have to work our way out
of this, which means there has to be a correction.

GLENN: Okay. If you were President of the United States, what would you do?

PAUL: Well, the advice would be return to the market economy. First
we would have to deregulate. We had a crisis a few years ago, at least
a supposed crisis with Enron and they superregulated. So I would
repeal certainly major portions of the Sarbanes-Oxley. So we would
argue for deregulation. Then, of course, there should be major, major
tax reform and –

GLENN: Hang on. Before we go into tax reform, let me just start with
Sarbanes-Oxley. I don’t want to get all — that’s way deep. So let’s
kind of surface skim here so we don’t make people’s heads spin off
their shoulders. The deregulation, some people will say that part of
the problems, for instance, with the bonds is that these insurance
companies, they had no regulation. So they just kept insuring people
even though they didn’t have the money.

PAUL: Yeah, but that was all government, you know. When you have the
FDIC or the FHA or whatever ones. The main problem is that we don’t
save money. That’s where capital’s supposed to come from. Instead we
print money. We create money. We call it capital and then interest
rates may be 1 or 2 or 3% and business people think, well, there’s a
lot of savings going on out there. So they do the wrong things. If
interest rates were very high, they would be more cautious but instead
we create the bubbles. People start building houses to extreme and
then they overbuild and then you have to rest in order for the markets
to catch up. And that’s when the bubble collapses, and we’re in the
midst of that. But government does it in both ways, excessive credit
and also pushing money into certain areas such as housing or the
financial markets and they overprice. Then the prices have to come
down. So it’s a very difficult situation, but the main goal should be
the restoration of the market economy.

GLENN: Okay. So now, you mentioned tax cuts. Congress, both sides of
the aisle are talking now about $800 tax rebates to the poorest people
in America. I don’t know about you, but I’ve never seen a job created
by a guy who’s at the bottom of the ladder. This seems just like a
plan to get people to spend which to me is what got us here in the
first place.

PAUL: Yeah, you are right. And all you do is you encourage
consumption and we’re overdoing consumption right now. It’s not a tax
rebate if you send somebody a check for $800 for not paying taxes.
That’s a welfare check.

GLENN: Thank you.

PAUL: And that money really doesn’t go to producing jobs. What you
have to do is restore the savings and encourage capital investment.
You have to eliminate taxes on capital gains and we have to do
whatever we can, get rid of the taxes, the death tax and eliminate
taxes on dividends and savings. All these things would encourage
savings and then have a market rate for interest rates to give us the
signal on whether we should be investing or saving or spending. But
that doesn’t exist anymore and that’s why we have these perpetual
bubbles. I think this bubble right now that has been kept together for
quite a few years is a major problem and the unwinding of this problem
is very critical. The biggest bubble’s in the dollar bubble and now
the dollar is coming under attack. And what are they proposing?
Excessive spending, you know, deficit spending which, where are they
going to get the money? They don’t have any money in Washington. They
either have to borrow from China or print it, which means there’s more
inflation. Or the Federal Reserve comes in and said, like yesterday,
drastically lowering interest rates? How do they lower interest rates?
They print a lot more money. Yesterday when they announced that, the
dollar immediately reversed itself and sharply went down and it’s the
weakening of the dollar that is the crisis that we face because
everybody suffers from that. You and I suffer because all of a sudden
the dollar in that wallet buys 80 cents worth of goods instead of a
dollar’s worth. So we all get poor and we have to stop that cycle.

[exformation]

competing currencies i hope is involved in it

[fuzzybekool]

Comment I left on http://people.ronpaul2008.com/campaign-updates

Great job Dr. Paul ! Please use the MSNBC debate to hit them Neo-Cons where it will hurt them most. The economy is our “bread and butter” issue and your solutions if presented to the American people in a way they can understand will sway a huge majority of undecided and conservative voters to our side. Offer the people a vision of economic stability, propsperity, and a brighter future if they follow your course of action.

Take the gloves off Dr. Paul. It is time to fight back the Print and Spend Neo-Con nitwits. We been polite enough so far. America will love you if they see you attacking the other candidate’s weak records on fiscal conservatism.

It was nice meeting you in Myrtle Beach, S.C. this past Jan. 10th and I hope to be in St. Paul, Minnesota for the Republican Convention when we the people, see through our committment, to get you the nomination.