Comments on: No Bailout: We The People Prevailed

By: Michi Samad

Michi Samad — Thu, 02 Oct 2008 05:30:59 +0000

Roger, unfortunately, this financial crisis, is not only America’s problem, it has become a global problem. Please read the following:

http://mdn.mainichi.jp/perspectives/news/20081001p2a00m0na016000c.html

The world is expecting the President of the U.S. to stabilize the world’s financial market, because clearly America is responsible for what has happened. We are “free” to do things and “free” to make mistakes with our own “responsibility”, and when we make a mistake, we have to pay the price to fix it. That I call “responsibility” to be “free” to do things. It’s not in dictionaries, I thought it’s common sense. President Bush asked American people for the use of taxpayer’s money to stabilize the global market caused by America to take the responsibility. This might be “you got to do what you got to do” decision in short term. We do things freely with a responsibility. We’re mending each others’ mistakes. Sometimes we pay the price for others’ mistakes. We Japanese taxpayers experienced a similar crisis in the late ’90s to save the banks. I don’t know what the Japanese taxpayers gained but we saved many of their employees and survived an economic scare. I learned a long time ago that this world isn’t fair. I am one of Dr. Paul’s supporters and want to see him fix the financial system. Regards

By: Roger

Roger — Wed, 01 Oct 2008 06:37:17 +0000

“Freedom isn’t freedom without a responsibility” wrote Michi from Japan.
I didnt understand that statement whatsoever, so I looked up freedom in 3 differnt diction books. I didnt see resposibilty in there anywhere. I did read something about being free of being forced into slavery. (ie. pay 700 billion to the bankers of the world for nothing in return).

By: Roger

Roger — Wed, 01 Oct 2008 06:26:13 +0000

Guns would probally be a good investment! I dont own one, cause I cant. I had a nervous break down once (i was not a danger to anyone or myself) and the doctor was able to take away my right. But if I was allowed I sure would. I think the right to own guns was made for this very situation. Unbelievable how this country has murdered the constitution.

P.S. The Keywords Guns, Constitution, Country, Murder will probally trigger the terrorist watch list on some computer database run by the treasury/that used to house part of the new homeland security dept. (border patrol/Customs/ATF/DEA). oops & now the keyword terrorist.

Amazing.

By: Jeff Timler

Jeff Timler — Wed, 01 Oct 2008 01:30:48 +0000

Dr. Paul,

I voted for you in the primaries and proud to say I did. I have no doubt that if this would have happened back in February that the Republican ticket would look much different (and much much better).

Thank you for being such a shining example of integrity and principle.

Sincerely,

Jeff

By: Michi Samad

Michi Samad — Tue, 30 Sep 2008 21:26:14 +0000

Dr. Paul, I have a lot of respect for you. I’m a Japanese citizen living in the U.S. You’ve been da man! However, the financial crisis that the whole world are facing has originated in the U.S. It has become a global problem. I think the U.S. have a “special” responsibility in this situation. I think everybody must keep a cool head and have a sense of “responsibility”. The U.S. should take its responsibility in this situation, and show statesmanship for your own country, and for the world. Freedom isn’t freedom without a responsibility.

By: Bradley Parker

Bradley Parker — Tue, 30 Sep 2008 08:22:07 +0000

The government estimates that the financial-bailout program will cost about $700 billion, which is roughly the same amount as the Netherland’s 2007 gross domestic product (16th largest amongst nations). Perhaps that number is just too big to comprehend, but let’s try: If I gave you one dollar per second, every second, you would have $60 in a minute, $3,600 in an hour, and $86,400 in a day. At that same rate, you would have $1 million in less than 12 days. And in less than four months you’d have $10 million. How long do you think it would take you to reach $700 billion?

Answer: 22,181.66 years. (No, that isn’t an error.)

From where is that money coming? The federal government certainly didn’t have an extra $700 billion lying about. The answer, therefore, is that we’re either getting this money on credit or we’re printing more money. If it’s credit, what is the rate and who owns the debt? If we’re increasing the total money supply, how will that affect inflation and the value of the dollar? Since our dollar isn’t tied to a commodity of intrinsic value, the worth of your money is entirely dependant on its scarcity and people’s confidence in the note. Is anyone still feeling good about the bailout?

By: Cori Hyland

Cori Hyland — Tue, 30 Sep 2008 08:10:09 +0000

I’d love to see our household finances if I took the same tact as the Fed and our “money managers.” I can’t take another minute of this nonsense. Can people not see that there is no free money, ANYWHERE? Someone is going to pay…us, and not just now or 5 years from now.
Mr. Paul, thank you for your sanity and thank God you are in a position to do something about this.

By: Girl From Texas

Girl From Texas — Tue, 30 Sep 2008 03:13:38 +0000

I found a website called votenobailout.org and was able to send a letter to my senator and congressman (woman) expressing my desire that they vote NO to the bail out.

What else do we need to do to stop this?

By: John Law

John Law — Tue, 30 Sep 2008 03:13:04 +0000

Why the Bailout need to be passed?
The FED just pumps in 600 Billion into the banking System. The markets is still intact in asia. Dow future is even in the green. Are you american stupid enough to be conned by Dictator Paulson that wants to use his 3 pages bailout plan to control the banking system. He is above the Law in the original plan. Imaging what his brain is thinking. Vote against those in favour of the Bailout.

By: H. Craig Bradley

H. Craig Bradley — Tue, 30 Sep 2008 02:48:38 +0000

The challenges facing America are many and if not successfully managed, could result in necrosis of the body politic. As Rep. Ron Paul tells us, the financial problems we face are not new, but all too old. For example, take the prohibition on gold or silver-backed money.

When I was just six years old (1961), my grandmother showed me a U.S. Dollar Bill which said “redeemable in silver”. She then walked me to the post office to verify (for me) that this was accurate and true. When President Nixon took America off the Gold Standard in 1971, it then became legal to own physical gold. (Previously, it had been illegal for most to directly own physical gold since 1933). You can bet commodity traders (traitors) DO NOT want to see a return to gold backed currency.

We once had a chance to do it with less pain, but made the wrong choices. In 1987, Senator Mark O. Hatfield (R-Oregon) [retired] had the opportunity of a lifetime. The Senate was given a chance to vote for a balanced budget amendment to the constitution. Mark Hatfield cast the deciding vote (tie-breaker): “NO”. Consequently, our best chance to begin to get fiscal control went down the drain. Hopefully you can see the attitudes and habits of our current economic set-up are an impediment to positive, constructive reform and change.

So today, these financial problems and imbalances are deeply embedded in our economy and personal habits. To break this vicious cycle (inflation, boom-bust) we need severe treatments. I am afraid an economic “root canal” may be just what the doctor ordered. Consequently, a severe depression with sky-high unemployment is the Rx which will ring out the imbalances for good. Severe pain will compel the electorate to decide who and how we proceed for the next generation.

Those of us alive today must stand ready to make the necessary financial sacrifices for our country’s future or risk loosing most of our freedoms to the state, or some other country (state).

Either we fight and prove once again that we are Americans, or we die separately, albiet a slow, cowardly death. Once again, it is up to you, the voter.