Congressman Ron Paul Schools Bernanke on the Bailout Plan
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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.
Canal: News & Politics
Añadido: January 1, 1970 at 12:59 am
Autor: soullfire
Duración: 06:45
Puntuación: 4.93
Reproducciones: 269807
Etiquetas: Authority Bail Bailout Bernanke Constitutionality Debt Depression Federal Fixing Monetary Out Paul Price Ron Street Wall
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Wizard364 (January 1, 1970 at 12:59 am)
The "bailout" was to hand over 700 billion dollars to a few crooks after they intentionally drove their banking firms into the ground. In case you haven't noticed jerkoff the economy has gotten much worse since the sellout and shows no sign of getting better any time soon. What these criminals have done translates into a skyrocketing deficit, a devaluation of the currency, inflation, plummeting consumer spending, and higher unemployment. It's really just a final fuck you to the American people.
dvrjosh (January 1, 1970 at 12:59 am)
Not that all economists agree. Check out the "Bloomberg On The Economy" podcast. 30 min every day, it's a great resource for anyone who is interested and has a decent handle on the technical jargon.
dvrjosh (January 1, 1970 at 12:59 am)
The bailout wasn't planned to bail out corporations for the sake of a bailing out banks. It was to increase liquidity. Things could have been a lot worse and Bernake has been remarkable in his ability to act on the fly in an unprecedented time. Take a look at the LIBOR today and where it was. That's what they were trying to help, and we are fixing it. Things are shitty and mistakes have been made but most economists agree Bernake has done well all things considered.
Wizard364 (January 1, 1970 at 12:59 am)
Bernanke cares about himself and his banker buddies who are absolutely making out like bandits from this criminal 700 billion dollar sellout of the American people. He's not there to "help mainstreet" or any of the other bullshit they used to peddle this outright theft. Mainstreet will never see a dime of that money.
adithkumarbhat (January 1, 1970 at 12:59 am)
The more videos i watch on ron paul and bernanke,the more i understand that ron paul is smarter and talks sense and hence his confidence while questioning what he questions.... why am i suppose to beleive anyone else now?
OnIineWarrior (January 1, 1970 at 12:59 am)
Well, his foreign policy would've been great if we hadn't already invaded Iraq and caused a lot of hate toward us. I know for a fact that if another country invaded us and tried to tell us how to live then most of us would feel hatred towards them. I mean we do have weapons of mass destruction but you dont see them invading us.
OnIineWarrior (January 1, 1970 at 12:59 am)
Thats it? Your just going to call me a liar and not even back it up? I told you not to take my word for it. Look it up yourself. Ron Paul does not hate blacks.
RonPaulHatesBlacks (January 1, 1970 at 12:59 am)
I don't believe you. You're a liar.
YOELTHEKING (January 1, 1970 at 12:59 am)
Ron Paul is my HERO!!!!!!
TeetMauLau (January 1, 1970 at 12:59 am)
I think Ron Paul's position on foreign affairs are absolutely suicidal, but I will admit that he speaks conservatively my language here. But here is another thing of interest which I welcome some input. I like the idea of simplicity and maybe I am being too simplistic here, so here is some basic math. there are approx 115 million working citizens in this country. Multiply that by $100 each (below cost of fed tax) and you get 1.15 trillion bucks heading into the pocket of the Fed Govt every 2 wks
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