Ron Paul Sees Great Depression

Well, now we can stop laughing at crazy Ron Paul who has told us that this would happen for about 30 years now.

Clearly there are a lot of second guessers who did not vote for Ron Paul during the primary but now wish they had voted for him now. That will only last until the next issue they disagree with. The country will go into a long recession whether the rescue plan passes or not. The problem is fear is causing vast amount of people to throw money at US Treasuries. As long as the government can borrow for less the 2% for years and corporations and small businesses have to pay 6-9% it is a “no brainer” and in the interest of taxpayers to arbitrage this opportunities until the fears subside and rationality (sanity) prevails. It is not Wall Street but middle Americans who make decisions without knowledge then blame others when it doesn’t work out. Libertarianism would well in a rational world but not in an emotional world ruled by fear , ignorance and greed at ALL levels of society, including main street.

All of our Republican congressman got a lot of pressure from the Bush administration to vote in favor on this 700 billion dollar bail out. Just take a minute and watch this afternoon’s press conference by Speaker Pelosi, Sen. Reed, Sen. Dodd and Rep. Barney Frank. She put the blame for the need of this bail out squarely on the "failed policies of Bush administration". No one from the Bush administration has the guts to fire back and put the blame where it belongs, right in the hands of Sen. Dodd and Rep. Frank since the relaxing of the rules occurred under their watch and "oversight". There are some many things that are just plain wrong with what is going on in Washington, we are all getting fed up and no one seems to take a stand and say enough is enough. Let me give you some facts that you may not be aware off; a) Mr. Paulson took the position of Treasury Secretary not because he wanted to serve our nation as a "public servant", no, he took it to take advantage of a special rule that allowed him to avoid paying capital gains taxes of 15% on his estimated stock portfolio valued back in 2006 at nearly $1 Billion dollars, thus his new job put approximately $150 Million dollars in his bank account that otherwise would have gone to pay the I.R.S. Do you think this is right? b) Mr. Jamie Dimon, CEO of JP Morgan also happens to be the head of the Federal Reserve for the New York District, the most powerful seat after Mr. Bernanke. In his role at the Fed, he is supposed to be in charge of regulating banks, lately all he has done is orchestrated sweetheart deals to buy Bears & Sterns and Washington Mutual for just pennies on the dollar. If this is not a "conflict of interest" nothing else is. Do you think this is right? This is one of the most important issues of our lifetime, one that will determine the future course of our great nation. Congressman Ron Paul is absolutely right. How many billions have we the taxpayers given to Mr. Paulson and Mr. Bernanke since the start of 2008, (several hundred billions already), do you think this 700 billion will be it? I sincerely doubt it, all it will do is turn our weak dollar to a worthless piece of paper for generations to come. A strong economy drives Wall Street up, a weak economy will not, so fictitious action to make Wall Street artificially strong has no chance for success. Voting NO on this one will not hurt the Republicans, let the Democrats support this bail out, they have enough votes to pass it, let them pay for the consequences. God bless America, at least some of our congressman have heard us.

Time to penalize the idiots who took out "stupid" loans, and the financial institutions who financed them. It's called Capitalism people, and is far better than Socialism of any sort. If you are out of debt, you will be fine. DO NOT listen to the chicken little demagogues. Ron Paul is right on as is Bob Barr, the Libertarian candidate. WE NEED A THIRD PARTY OF INDEPENDENTS!!!!!

You tell them Ron Paul. I looked for Ron Paul first to see what he says, as he is the one making common sense. I hate the liberal media igoring this special statesman. God Bless Ron Paul. Also, it is said that Americans save minus 1 percent. How is it that if you want to borrow money and its 7,10, 15 and 25% But just park a thousand and all you get is .0001 or something so small it doen't even make the graph! How about fixing that one!! Wouldn't you save money if you received those high rates of borrowing to those high rates to our savings instead?

Why, all of a sudden, is Fox news allowing Ron Paul's views to be heard? I stopped watching Fox News a while back, because of the way they treated Dr.Paul. To this day, I feel that Ron Paul is the only one in Washington that has a grasp on the economy & actually looks out for us, the tax payers. Shame on Fox News & all the other medias that showed such disrespect, for such a VERY WISE MAN = Dr. Ron Paul.....

This is all payback from God for Clinton's sins with Lewinsky.

Wow, how sad that Ron Paul isn't one of the candidate we will choosing this year in November, he is right on track!

Ron Paul - definite prime choice for Secretary of Treasury Though the economy would STINK for a time, we need this bailout to go the way of the dodo bird. Business cycles are necessary to stop capital from chasing bad ideas for too long a time. Government intervention prevents the natural destruction of bad ideas from occuring. Long commodities, short financials. Nope - short 'em both. A commodity bubble was formed when the real estate bubble popped- commodities crash when economies do.

oh yeah,i've heard of RUPAUL,drag queen right?

I'm with the rest of you...why save the bad guys. If the government wants to help this economy then take half that money and divide it equaly amoung small business, and the middle and lower classes with a stipulation that they pay off all mortgages, short term loans and credit card balances. This would stimulate the econoomy, keep people from loosing their homes and help small busineses make payroll. If the Feds must get involved further, MAKE the banks increase savings interest rates and lower loan interest rates. Then THE PEOPLE will have the power to solve the problem themselves. Fire all fraudulant CEOs, do not finance any special interest groups or foreign contries and rebuild our military. I want to hear more from Ron Paul and economists. I will be writing in Ron Paul for President!

Wall Street, the White House (regardless of who is there) and the two parties are the four corners of a fraudulent criminal enterprise that has stolen the Republic. See free online book, ELECTION 2008: Lipstick on the Pig, at www.oss.net/PIG. What Ron Paul *should* be doing is demanding an Instant Run-Off for THIS November, and demanding that the problem be deferred to be handled by the new President as the transition issue, with a transparent open national conversation that ultimately leads to support for individuals at the bottom, not the thieves at the top. IMHO.

I would like to express my true appreciation of FBN, in broadcasting during this extortion of taxpayer dollars, Main street’s side of the story and telling the truth that is never told by other media…….thanks Andy

Wow, it sucks to be Rick Aware. And it's wonderful to be a Ron Paul supporter. The time is now people to take back our country from these traitors.

CONGRESSMAN RON PAUL FOR PRESIDENT. I WILL BE WRITTING IN REP. PAUL FOR PRESIDENT IN THIS ELECTION. IT IS WAY PAST TIME FOR 'NONE OF THE ABOVE'. THE ONLY DIFFERENCE BETWEEN THE DEMOCRATIC PARTY AND THE REPUBLICAN PARTY IS THE DEMOCRATS ARE SOCIALISTS AND THE REPUBLICANS ARE FACISTS. THEY ARE ALIKE. WE HAVE KEPT LISTENING TO ALL THEIR LIES FOR THE LAST 75 YEARS AND ALL ANY OF THEM HAVE DONE IS MAKE IT WORSE. I SUGGEST THAT ALL INCUMBANTS BE VOTED OUT OF OFFICE AND DO NOT VOTE FOR A DEMOCRAT, REPUBLICAN OR ANY OTHER PARTY, ONLY FOR INDEPENDENTS FOR ALL OFFICES BEING ELECTED THROUGHOUT THE U. S. WE HAVE A CHANCE TO CHANGE THE DIRECTION OF THIS COUNTRY EVERY 2 YEARS. REPLACE ALL THE HOUSE OF REPRESENTATIVES AND 1/3 THE SENATE. THAT WILL SCARE THE DEVIL OUT OF THOSE LEFT, BUT VOTE THEM OUT WHEN THEIR TERM IS UP. IF THE PRESIDENT CAN ONLY STAY IN OFFICE FOR 8 YEARS, THEN NO ONE ELSE SHOULD BE ALLOWED TO STAY IN THEIR OFFICE FOR MORE THAN 8 YEARS EITHER. IF YOU REALLY WANT THE SOCIAL SECURITY SYSTEM FIXED, MAKE ALL OF CONGRESS COME UNDER IT. THEIR RETIREMENT IS WHAT EVER THEIR SALARY WAS WHEN THEY LEFT OFFICE. THEY ARE NOT A PART OF THE SOCIAL SECURITY SYSTEM. I DO NOT PARTICIPATE IN IT EITHER, SINCE IT IS 'VOLUNTARY' TO BEGIN WITH. YOU CAN MAKE MORE MONEY BY HANDLING YOUR OWN INVESTMENTS THAN THE 3% AVERAGE THAT YOU GET FROM THE GOVERNMENT, IF YOU EVEN LIVE TO DRAW IT. THE RETIRED JUDGES, CONGRESSMEN AND OTHER FEDERAL POSITIONS DRAW THEIR SALARY AFTER RETIREMENT FOR THE REST OF THEIR LIVES AND THEN THEIR SPOUSES DRAW THAT RETIREMENT FOR THE REST OF THEIR LIVES. ALL THESE PEOPLE CAN MAKE ALL THE MONEY THEY WANT TO FROM GUEST SPEAKER ENGAGEMENTS, BUT SOMEONE DRAWING SOCIAL SECURITY IS LIMITED TO THE EXTRA AMOUNT THAT THEY CAN EARN PER YEAR BEFORE THEY START LOOSING THEIR SOCIAL SECURITY. OUR PRESENT GOVERNMENT OVER THE LAST 50 YEARS HAS EVOLVED INTO WHAT WE HAVE FOUGHT AGAINST FOR THE LAST CENTURY, SOCIALIST(READ THAT COMMUNIST) AND FACIST(READ THAT NAZI). WAKE UP AMERICA AND TAKE YOUR COUNTRIES GOVERNMENT BACK THIS NOVEMBER AND MAKE IT DO WHAT YOU WANT AND NOT WHAT SOME PARTY WANTS. IN PRESIDENT GEORGE WASHINGTON'S FAIRWELL ADDRESS HE WARNED US NOT TO SUPPORT A PARTY FOR WHEN A PARTY GETS IN OFFICE IT QUICKLY FORGETS ABOUT WHAT IT SAID IT WOULD DO AND STARTS WORKING ON THEIR OWN AGENDA'S. THIS IS EXACTLY WHAT WE HAVE LET HAPPEN TO OUT COUNTRY IN THE PAST CENTURY. NONE OF THE PARTIES HAVE EVER DONE WHAT THEY HAVE PROMISED WHEN THEY WENT INTO POWER, JUST WHAT THEY WANTED TO DO. WE, LIKE LEMMINGS SIMPLY FOLLOW THEM AND BELIEVE EVERYTHING THAT THEY SAY BECAUSE WE WANT OUR 'EARS TICKLED' AND NOT WHAT THE TRUETH ACTUALLY IS. EVEN OUR NEWS MEDIA ONLY TELLS WHAT THEY WANT US TO HEAR, THE WAY THEY WANT US TO HEAR IT. STOP LISTENING TO THEM AND TAKE TIME TO DO THE RESEARCH FOR YOURSELVES. OUR COUNTRY IS AT STAKE, AS WELL AS OUR FAMILIES ECONOMICS, AND OUR PERSONAL LIBERTIES. WE DO NOT LIVE IN A 'DEMOCRACY', WE LIVE IN A 'CONSTITUTIONAL REPUBLIC', IT'S WAY PAST TIME THAT WE TAKE OUR 'REPUBLIC' BACK AWAY FROM THE LIERS THAT WE HAVE PLACED IN FEDERAL,STATE, COUNTY/PARISH, CITY GOVERNMENTS AND RETURN THE CONTROL TO THE PEOPLE AND NOT LET THE POLITICIANS CONTINUE TO EXTORT MONEY FROM US UNDER FALSE PRETENSES. IT IS NOT THE GOVERNMENTS RESPONSIBILITY TO BAIL OUT A BUISNESS THAT HAS BEEN LEAGALLY EXTORTING TRILLIONS OF DOLLARS FROM AMERICAN FOR DECADES. LET THEM BE CHARGED WITH THE FRAUD THAT THEY HAVE COMMITTED AND DEAL WITH THE OFFENDERS APPROPRIATELY. START WITH BY TAKING AWAY THEIR PERSONAL ASSETS LIKE THEY HAVE BEEN STEALING OURS FOR YEARS NOW. WAKE UP AMERICA, NO PARTY EVEN CARES WHAT Y0U THINK, THEY JUST PRETENT TO. THINK ABOUT IT, HOW IS RAISING OUR TAXES, MOST OF WHICH ARE ACTUALLY ILLEGAL, GOING TO HELP US ECONOMICALLY. 'DING', IT WON'T. THE ONLY ONES THAT IT WILL HELP IS THE ONES THAT GOT US INTO THIS MESS IN THE FIRST PLACE, PRIMARILY THE DEOCRATIC AND REPUBLICAN PARTIES AND THE CRONIES WHO KEEP GIVING THE INCUMBANTS MONEY TO KEEP GETTING RE-ELECTED. ASK YOURSELF THIS QUESTION; 'WHY WOULD ANYONE IN THEIR RIGHT MIND SPEND MILLIONS OF DOLLARS TO GET ELECTED TO OFFICE TO RECIEVE A SALARY THAT IS LESS THAN $200,000.00 PER YEAR?' ANSWER; FOR THE POWER AND ACCESS TO ALL THE MONEY THAT THEY CAN GET THEIR HANDS OWN, LEAGALLY OR ILLEAGALLY, THEY DON'T REALLY CARE HOW. MUCH OF WHICH COMES IN SPEAKING ENGAGEMENTS FEES DURING THEIR TIME IN OFFICE AND ESPECIALLY AFTERWARDS, PROVE ME WRONG, PLEASE. YOU CAN'T..............

Ron Paul is right on every issue, especially with this one. Almost everyone can agree with him, yet we're stuck with voting for either a socialist or a maintainer of the status quo. How did it get to this? The corporate media, including Fox, doesn't want an honest person like Ron Paul to fix this country. The media ulimately choses who will become president. They do so by giving more airtime to mainstream candidates like Obama and McCain, which influences voters. Obviously they are strong relationships between these two candidates and the media. How many times did the mass media cover Ron Paul during the GOP race? Very few, because he's too honest about the issues. With this big disadvantage, the population wasn't aware of the congressman from Texas, so they chose the more-mentioned candidates. As a libertarian, I can only say one thing to those who continue to complain about the wrong direction our country is going: VOTE LIBERTARIAN. The two-party system is corrupt and unable to bring the real changes we need. Stop voting for Democrats or Republicans, they've had their chances for too long. Although Ron Paul is a Republican, he is also a libertarian, and supports the Libertarian candidate Bob Barr. If you guys want real change, you should vote for Bob Barr this fall. I can guarantee the majority of voters share the same views as him, but won't vote for him because they are brainwashed with the Obama-McCain race. It's time to wake up before we become a nation of sheeple!

I like the tones of most folks' comments on here. But we are quick to blame Wall Street but not so quick to blame ourselves. Regardless of loose credit, greedy bankers, and corrupt appraisers, at the end of the day this is the American people's fault TOO! We were too quick to think we could spend, spend, spend and apply for credit way above our budgetary means to pay it back. We put ourselves in this mess and I vote for us to take our lumps and work our way back out. And that includes saying NO to this bailout. My point: Lets quit blaming others and take a strong look in the mirror. Personally, I have no debt and I am at or below middle class in my mid 30's. Yet I am hearing many of my friends who live in 300K homes making $40K a year blame Bush..blame Wall Street..blame mortgage companies...PLEASE, just stop it. PLEASE! Its your fault too. Ron Paul is right and should be on the ticket in November simply for this vary reason. The financial health of our country.

Will a list of both Rep's & Dem's who vote for or against this bill be posted for the voters to view? Is A.C.O.R.N. still a part of the bill?

The bailout is no different than opening another credit account to make the payments on another maxed out account. With the help of the greedy and short-sighted banking system, politicians, and the stupid, we have maxed out our credit. I am just an ordinary guy that pays his bills and creditors and I don’t run my finances that way. Been around the sun a few times but I don’t think I have seen anything this stupid about to happen. I think I know a little about stupid though: Rules of Stupid: 1. You can’t fix stupid. 2. Never ever underestimate the power of stupid when it is grouped. 3. Group stupid defies the laws of the conservation of mass and energy. Group stupid can be greater than the sum of its parts. I have always respected a man that told it like is. Ron Paul has gained my respect.

Ron Paul is exactly right. You can't keep printing money and expect the problem to go away. It's like taking pain killers. Ultimately, you need to address the cause of the pain - THE DOLLAR! The one lesson I've learned from all of this is that I will never vote for another lawyer again. We need people in Washington who have gotten up at 5:00am & worked real jobs all their lives. I look at this ship of fools like Nancy Pelosi, Barney Frank, Chris Dodd, Chuck Schumer, Obama, Bush and I see "Little League" ball players trying to hit "Big League" pitching. I work for a relatively small company (60 employees) and can guarantee that none of the people I've named above could successfully run it!

Ron Paul gets my WRITE IN VOTE for President of the United States. Ron Paul has been trying to get our attention for years! Now we are, all of us, feeling deep anxiety about how government is incompetent in managing our nation's finances. We are finally listening to Ron Paul and guess what? We understand right now that Dr. Ron Paul has been consistent for twenty years, that he has been making sense all along, that he understands the problem we are facing, that he has the character and leadership ability it takes to be our man in the White House.

Comment by jeff saturday Sep 28th, 2008 at 9:34 am THE WASHINGTON HILLBILLIES Come and listen to my story bout a man named Dodd refied his house but it seemed kinda odd saved eighty grand but he said he didn`t know law makers get a break cause they`re friends of Angelo Mozillo that is , CountryWide , Bad loans Well the first thing ya know Angelo is in some trouble he say`s HEY DODD NOW THEY SAY I CAUSED A BUBBLE! Dodd say`s fine I`ll just sponsor us a bill cover it in sugar and I`ll sell it on the Hill Well the moral of the story that you all should know better vote em out if they`re friends of Angelo or one day soon we`ll be shootin at our food Bernankes got us lookin at two hundred dollar crude Oil that is , black gold , OPEC tea And now it`s time to say goodbye to you and all your kin and Dodd would like to thank you all for kindly chippin in you`re all invited back again to this localitee to pay another trillion for their bogus LTV Loan to value Kick your shoes off Ya`ll come back now you here

B Scott @ Sep 24th, 2008 at 9:45 pm "....will promise them things like a volkswagen in every driveway,a person that loves speaking in great stadiums, a person with great personal ambition." This is exactly what I thought when Obamanation spoke in front of 200K Germans, campaigning for Presidency of...um...Germany? LOL Conjures up images of other great orators in Germany, the U.S., and England oh so many decades ago, during trying economic times, and the results thereof. History is rhyming again.

It is astounding to me that the voters of this country keep returning these politicians to office! If the incuments were thrown out, it would reestablish THE PEOPLE as their bosses and our Government subordinate to us. It would be a Richtor Scale 10 shock that would remind Washington who is really in charge. The Politicians who allowed this Financial Meltdown to happen, and actually helped cause it, are the same ones' that tell us they know how to fix it. Ridiculous!

It is very much agreed with Ron Paul, not to bail out the already losers. So far it appears leaving things be, the stable financial institutions, some at present are or are considering to purchase the best and stable assests of those who are failing. Let this continue to happen. This is the only way some will learn from mistakes. Everyone is supposed to be created equal; if the big investors deserve help and bailout, then what about all the little guys who have made bad investments. These big investors can still afford their losses and still live well on what they have. It is still the middle and working class that has to float our nations boat.

Rick Aware, I didn't live through the Great Depression, but I interviewed my great-grandmother for a paper I did in high school. I'm aware of the hardships. But I also have studied the causes. Government doing nothing is NOT what caused the depression. The causes, as I understand them are: 1. Credit expansion to pay off WWI debts. 2. Interest rates were raised and money supply tightened by Federal Reserve because of inflation. This made less capital available for economic growth. 3. Government regulation that: a. removed the ability of market forces to adjust to the changing circumstances and b. eliminated the ability of individuals to realize gains from trade. So don't say the Great Depression was caused by the government not doing anything to prevent it...THEY CAUSED IT.

Response to Rick Aware: Now, wait a moment, please. To do nothing is to allow corrupt balance sheets to fail, meaning that the largest largesse will fall to the bottom. Equity "investors" will be wiped out in bankruptcy and/or acquisitions. There will be a recession or even depression. But the toxic waste will be purged from the system in the sense that it will be bought at "fire-sale" (e.g. "Market") prices or written off. Large IB's will fail, sure, as they most assuredly deserve. To "invest a large sum of money to keep the economy running," as you so quaintly propose, is nonsense. It will kill the US Dollar, which is a tax on every person, is regressive, and is both corrupt and immoral. I am not "suspend(ing) disbelief," as you suppose. I am simply unwilling to prop up crooks, bureaucrats, politicians....but I'm being redundant.... Oh....one more thing. CNBC, CNN, and FOX....the level of financial and economic understanding evidenced by the questions you all are asking is approaching that of the Senators and Representatives questioning Paulson and Bernanke.....and that is not a compliment.

NATIONWIDE "STOP THE BAILOUT" SIGNWAVE The people are in a rage over this Bailout and the "Buck Stops with We the People". The time is now and it's Urgent! Here's the plan: 1) Get this to your entire email lists, meetup groups, and every freedom organization or political organization you know of whatever political stripe they wear. Ask them to spread the message to their databases. 2) Call in to every internet radio show, mainstream radio show, and call your tv stations to inform them also. 3) Make your signs Saturday and gather on the streets outside of all the churches in your area on Sunday(Sept 28th) as the congregations are leaving. You may have to leave church a few minutes early to wave your own congregation. (Or Stand on the street corners and over passes in your city or town!) Let's make this a massive effort by the "People". Jim Palmisano MO State Coordinator

Ron Paul has been right for over 20 years. Consistently. If the average American was too ignorant to look up his record and see what he was saying and his record then in all reality they deserve exactly what they are getting. It's just a shame that those of us who do think for ourselves have to go down with the brainwashed masses. This should be fun! I get to tell somebody "I told you so" every day for the next couple of decades!!!! Ugh.

It really does not matter what anyone thinks is right. The Congress (controlled by Democrats) will do what they want when they want. We are no longer in control. And we will not until we learn to vote out the incumbunts. I live in Mississippi, very close to Oxford, but I did not attend nor did I watch much of the debate, because I believe Barack is an empty suit. He is a puppet with someone pulling the strings. I am an Illinois native, not a Chicago native. Politics in Chicago is currupt and greedy. The State had to build the New baseball park on the south side of Chicago. Most of the money goes to Chicago and it goes down a sewer. I think the bankers from Shaneetown were correct when they said, "This town will never amount to anything, because this is a swamp". Truer words have never been heard.

Rick, Ron Paul says that a bailout now may make things easier for a while, but eventually, as the dominoes keep falling, we WILL be in a depression. He says the Federal Reserve is printing money out of thin air to keep bailing out these companies that got themselves in a mess, therefore causing the dollar to continually go down in value. The bubble will keep inflating and finally burst. On the other hand, stopping the bailout, allowing these banks to go bankrupt, selling out at lower prices with lower interest rates will be very hard for maybe a couple of years, but then things would start to turn around. The country is out of money. This can't keep going on.

I'm ashamed of the news stations (especially FOX) that now are clammoring to hear what Dr. Paul has to say about this pile the feds and treasury are trying to dump on main street. Where were these stations when he was in running for president? They made sure he got no air time then. I won't be voting for either party, I'm going with a 3rd. America deserves the future it gets by keeping the criminals in charge of the looney bin. I for one can't do that and feel I did the right thing for my childrens futures.

I wouldn't waste time on the clown curtain. I just came back from Chile and they trade with Argentina. Commodities are having a hard time because they trade in US dollars and Argentina is nervous about the bailout. What will it do to international markets if the government purchases bad debt, will the dollar fall? They want to trade in Chile in peso. THAT SHOULD TELL YOU RON PAUL KNOWS WHAT HE'S TALKING ABOUT.

Thanks Rick Aware! That is the best laugh I had all day. Your satire perfectly captures the ignorance of the "economists" that got us into this mess. Although, you should probably clarify it's satire. Otherwise, less intelligent people might read it and think you're serious. Most people do not know that the intervention by Hoover and FDR turned a minor 1 or 2 year recession into a 12 year depression. For those that didn't realize Rick's post was satire, educate yourself.

A year ago, over 1 million people voted for Ron Paul while millions of others laughed and dismissed his "crazy" ideas. Not so funny anymore is it?

Rick Aware: Just two options? Really? That's what the media wants you to think - that there are only two solution...that there are only TWO presidential candidates...that you are either with us or against us...good vs. evil...left vs. right. A nation divided.... Rick if you have not noticed but congress is being overwhelmed with phone calls, letters and emails pleading they NOT pass this bailout. Your insulting comments seem to really reflect your own understanding of this fiasco.

I definitely agree with Ron Paul. I supported him during his presidential campaign, and I will continue to do so in his every endeavor. It makes perfect sense to trust in someone who ACTUALLY KNOWS the economy rather than several others who CLAIM to know the economy. We're definitely not going to get out of this thing unscathed, but wouldn't most people rather come out as least unscathed as possible? So call your congressmen, senators and state representatives. Call you Governor, too! Put the pressure on as many politicians as you can in order to get our point across: NO BAILOUT!!! They can in turn put pressure on the ones who actually vote.

John McCain said that he does not know much about economics. I do not know everthing about economics myself. If I need expert help I would ask for it. I think that if John McCain is smart I would ask Ron Paul to be the next Secretary of Treasury.

"Long commodities, short financials!!!" Best advice in this thread.

@Rick Aware I don't think you know what you're talking about.

Fire it up Ron! We need radicals in Washington not Democrats and Republicans.

As a longtime supporter of Dr. Paul, he is only saying the truth he has always spoken. We have a one-party system of republicrats at present and I am sure the current "arguing" is just a dog and pony show for public consumption (perhaps designed to show Mccain as some sort of financial whiz/hero). The "bailout" is socialism plain and simple: national socialism. Perhaps fascism sounds a bit less harsh. Let those who made the mess crash and burn in the mess. Let Wall Street just go away if that's what is in the cards. NO BAILOUT.

It's not so strange why this man won EVERY single poll taken by cable news stations after the republican debates. However, since the American people have no mind of their own, after the Media trashed him and labeled him as "crazy", the American people bought right in to McCain and Obama. You should read about him saying how this economic disaster will lead to MARTIAL LAW. Go to infowars.com.

And you, Mr. Aware, are what we call a socialist. The government set this up because they wanted this to happen. At the root of all this, if the goverment bails out these companies and takes over these mortgages, they will own a vast majority of American homes. They will then twist it into they can search your house whenever they want or bug it. We need to hit bottom, sooner rather than later. The only people who will be ulitmately affected are the people on wall street who have bogus job anyway. Get a real job that offers a service or good instead of just turning over paper all day.

I read all these comments on your sites & others. Isn't it obvious by now that Ron Paul should be our next president? Why don't you folks get behind him? If you care about us & out country, you would be asking him this, "Why aren't you our next president? You are the only qualified person with whom we've spoken about our economy & that's our greatest issue right now." Yes, this is a biased take on the news, but if our country collapses, you won't have a job. Think about that.

We have been suffering from stagflation-the current "marked to market" is showing that, not causing it. There would have been NO NEED to borrow otherwise. Goldilocks is a fairytale. Fairytale: fictional story used to lull children asleep. Frederic Bastiat-explanation as to why socialism under BOTH forms is bad. Ron Paul is right. The down turn will come no matter what-just depends on how you want to handle it. If you want to talk History, check out the Weimar Republic dude. Business cycles...it's coming whether you want it or not. Ron Paul is right, he is not crazy.

Remember this time last year, during the presidential candidate debates when Ron Paul was warning us that the way we were heading was into a recession, that inflation was going to go up and the value of the dollar was going down and we were in for a world of hurt if we kept going on business as usual? All the other candidates and media pundits just laughed at the crazy kooky old man. Yep. He's totally off his rocker. The economy couldn't be better! When will people learn that the solution to out of control spending is not to throw money at it...

Ron Paul is the only Congressman who understands sound economics and does not have a vested interest in perpetuating the status quo. Rick Aware...it is YOU who are the FOOL! Call your representative and senators and demand an END to the den of vipers, the Federal Reserve, that cabal of international bankers, aka the hounds of hell.

Rick, you haven't listened to Dr. Paul. Your arguments of two options leaves out that entire point of what he is saying we need to do. No Fiat monetary system has ever lasted, the only way to have a currency that retains it's value is to have a sound money, monetary system. The actually currency MUST have the value, 'bills of credit', don't work because they lead to fractional reserve banking, ie creating money out of thin air. It's conterfiet, immoral and fraud. Thats why the constitution says only gold and silver should be coined as US money, and no bills of credit... iou's, paper dollars. Here is Dr. Pauls solution added to your earlier post. 1.) Do nothing and have a painful relatively quick adjustment of the market. 2.) Create massive inflation to prop up the financial markets (if indeed that's where this money will go), temporarily. But eventually the markets will correct to the new money supply and we will pay the piper anyway, except he's going to have a larger bill. 3.) FOLLOW THE CONSTITUTION! This system of debt has placed us and our posterity into a system of perpetual indenturement. We work between 3 and 6 months a year to pay off the interest on the debt created by this system, never to pay it off, but instead pass it on to our children and so on. There is no easy way to get our freedom back, there is a simple solution, but it's painful, we must follow the rule of law and legalize the Constitution.

Dr. Paul practices what he preaches. Check his record out for yourselves. Oh, did I mention that he has introduced a bill "Federal Reserve Abolition Act HR 2755 IR ? Passage of this bill would bring peace and Prosperity to our country.