Congressman Ron Paul Schools Bernanke on the Bailout Plan


Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout. Use www.votesmart.org to tell your representatives you don't want this plan.

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27 Responses to “Congressman Ron Paul Schools Bernanke on the Bailout Plan”

  1. hivedrone83 says:

    @moondog50002000 Hahaha! I was wondering the same thing.

  2. geehuckwow says:

    It's all a scam.... economic/poly talk is a cover up for extortion/tax/fee. If there is an income tax - then income is illegal. If there is a property tax, then a home is illegal. Then "people" explain it all away with silly BS. Until they get dragged through the streets by their toes and eliminated. Sooner or later the military will wise-up, too. The groups (media, banks, ? etc) supporting tax/fee need be eliminated. It's immoral and will eliminate decency in every city throughout the world.

  3. karimrakha says:

    unfortunatly as good as ron paul may sound...i mean i love the guy ..and i hate what bernake is doing to the us $ and i hate printing money ...but what can he do the poor guy...china has already won the war...now usa is kicking as hard as it can.devaluating the yuan for years gave china an annual growth of 10 and more % jumping in gdp ranking every year now usa wants to devaluate the $ so it could compete.sure it kills the $ sure makes life more difficult but what can they do its a currency war

  4. HKmaroLS1 says:

    @TheMiggitymark

    A return to the Gold Standard is not the answer, it's the supply of currency that gives it its value.

  5. orangedac says:

    @mijitpride

    The purpose of the federal reserve is to transfer losses of its shareholder private banking cartel to the public. That's exactly what they are doing.

    I don't believe counterfeiting money saves anyone from anything - especially when the counterfeiters are the ones who blew the bubble in the first place.

    The reality is the free market does not need all these fools gaming and thieveing from the system. It works quite nicely without the distortions they inject.

  6. andrew09211 says:

    BARACK hussein OBAMA THE LAST PRESIDENT OF THE UNTED STATES OF AMERICA.

  7. moondog50002000 says:

    wtf is wrong with that guy in the background? lol

  8. lrich65184 says:

    Man that dude sitting behind Paul is on some strong dope. Is that who is running this country?

  9. karimrakha says:

    billionares finance presidency campains...puppet presidents (obama) takes orders from the billionares...tells bernake print money....bernake prints the money ...the money goes to the billionares...i wish i were rich :(

  10. CrazyHermit says:

    @TheMiggitymark it's pretty outrageous.

    Obama: Hey Timmy and Benny, print me some more cash.
    Timmy and Benny: Will do!

    He doesn't care if it makes the money in our pockets more wortheless and that our debt increases. Idiocy right there.

  11. TheBbg83 says:

    @mijitpride He has been saying this same thing for along time but the mass media brands him a "nutjob" and "unpatriotic" so alot of people are brainwashed to the truth, to many people refuse to research stuff on their own.

  12. chaddyfromtheblock says:

    Anyone watching needs to at least get the idea that controlling prices always causes other problems. I suggest reading Atlas Shrugged. Everyone seems to agree with what Paul says but then most of congress keeps things the way they are.

  13. eliasmouawad says:

    Search For the new series
    "BUSH OBAMA DESTROYED US ARMY"
    Part 3 uploaded

  14. Billywask says:

    Fuck Bob Bernanke

  15. rw5791 says:

    Stanky bernanke

  16. preiify says:

    bernanke and the fed were central to this mess. I saw a great YouTube on our money system called "Why we are in so much debt". Check it out

  17. jimjohnson19777 says:

    Ben Bernanke is an ASSHOLE

  18. jimjohnson19777 says:

    USA: I order the lower and middle class to give all their money to the richest 1%
    USA: duh, ok, here you go [hands over money]
    USA: ok, now kill yourself
    USA: duh, ok [kills self]

  19. xMaXiMuSx says:

    @mijitpride

    yeah he has talked about that FOREVER.

  20. 72tubecat says:

    Ron Paul 2012!

  21. mijitpride says:

    Nor does anyone mention the fact that it was Congress' "Affordable Housing" policies that made credit so available. More money = more demand = higher prices = bubble = collapse. And now that millions of americans are already upside down on their mortgages, Ron Paul wants prices to fall of the table? Haha, the irony is abundant.

  22. mijitpride says:

    ... reason people seem to jump on his side. I presume this can only be a product of complete misunderstanding, and an appeal to authority. No one takes the time to mention that the Fed's (Bernanke's) monetary expansion likely had saved us from a depression, the scale of which could have been approaching that of the 30's. And your problem is the couple points well jump in inflation for a couple years? Q: Whose side would you take if Bernanke criticized Ron Paul whilst performing surgery?

  23. mijitpride says:

    I find it astounding that this is the general viewpoint. Well, I say that, but there is no real viewpoint expressed here by almost anyone. Clearly only mindless delusion reaches this thread. Everyone finds it necessary to bash the Fed (and its Chairman) without any understanding of its purpose, policies or impact. We have something analogous to a mob mentality when we hear something we dont quite understand. Clearly, that is the case here. Ron Paul spoke the loudest and the longest, and for ...

  24. ReventonTopGear says:

    Holy shit wow...

    Ron Paul is a genius.

  25. utopiasspeb says:

    @mijitpride retarded assholw .. dam you and all your family for ever

  26. Zwurgi says:

    printing press = imprenta

    la primera imprenta fué instalada en 1539

    Mexico City = la ciudad de Mexico

  27. Tom says:

    Being a Ron Paul fan is for fanatics.

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