Ron Paul: “It’s a pleasant surprise, but I don’t know what that means since I’m not a candidate for anything, except to get reelected to Congress.”
Channel: Fox Business
Rebecca Diamond: You know, a survey that just came out today is of particular interest to our first guest here on Happy Hour. This was a telephone survey of the 2012 presidential election. And that survey found that President Obama has 42% of voters’ support, and Representative Ron Paul has 41%. WOW!
Ron Paul is our guest today on Happy Hour. So, Congressman, wow, first of all, congratulations and welcome to Happy Hour. What about that 1%, what are you going to do about it?
Ron Paul: I don’t know. Do you think that was an authentic poll? That’s a bit of a surprise to me.
Rebecca Diamond: Yes, it was a legitimate poll.
Cody Willard: It was, it was a Rasmussen poll, congressman.
Ron Paul: Yeah, it was surprise that they even ran the poll. I guess it’s a pleasant surprise, but I don’t know what that means since I’m not a candidate for anything, except to get re-elected to Congress. So I guess I’ll work on that.
Cody Willard: Well, Congressman, let’s talk a little bit about, you know, is there any chance that you would run in 2012? I talk all the time that I wouldn’t vote for a Republican or Democrat, but if you ran, it would actually challenge that premise of mine. And I’d love to see you run as an independent for sure.
Ron Paul: Well, I haven’t closed it out, but I haven’t been very enthusiastic. I have no plans to do it. You know, that poll indicates that the message of limited government is pervasive throughout the whole society, and it is not a party thing. One of the biggest obstacles for somebody like myself to run on a limited-government platform would be to get through the Republican primary, because some of them aren’t for limited government. I’m for limited government on personal matters and I’m for limiting our exposure overseas in our empire in 135 countries with 700 bases. And that doesn’t sit that well in a Republican primary. But I’m delighted to know that a large number of Americans are starting to think this way.
Rebecca Gomez: Well, Congressman, what would it take to give President Obama a run for his money in the upcoming election? What really would have to be the strategy in running against him?
Ron Paul: Well, I don’t have any strategy, because I don’t have any plan. But one thing that I have said… I’ve talked a lot about the economy, and the breakdown of the financial system sort of verified the Austrian school of thought, and that is what I’ve been talking about. So I gained credibility there, and I gained exposure. I think the next shoe to fall will be a monetary crisis where the bond bubble will burst. We’ve had the NASDAQ bubble, we’ve had the housing bubble; now we have a bond bubble. When the bond bubble bursts, we will have higher interest rates and depreciation of the currency and inflation. We’re not right there yet, but we have a potential. If we’re in the midst of that and we’re coming anywhere close to the need for monetary reform, it would be hard for me not to speak out on that issue.
Cody Willard: Amen.
Ron Paul: But I’d be more motivated by speaking out on the economic issues than seeking another election victory. That would be secondary to trying to come to our senses on monetary policy.
Rebecca Gomez: Well, something else that you’re comfortable speaking out about, is the president. And we found that recently you had said in a speech that you referred to the president – because a lot of people have been saying that he’s a socialist because of all this government involvement in corporate America. But you came up with the term that we all really liked, and that was I was fascinated by. You said, “He’s not a socialist, he’s a corporatist”. Explain that for our viewers.
Ron Paul: Well, there’s a little bit of semantics here and technicalities, and I was thinking in terms of economics. If you’re a socialist, you take over everything; total ownership. And that isn’t the goal. The American people wouldn’t put up with it. But the American people seem to tolerate a lot of regulations, and a lot of partnership. You can have a military-industrial complex and that industry benefits from the taxpayers and all the appropriations.
Now we have a medical-industrial complex and we have corporations. We have the drug companies and the management companies and insurance companies and the law firms and they all love this system. So the corporations benefit from this, and corporatism or “corporatist” indicates that. But the danger there is it does lead to socialism. It’s happened before in history, and it’s a national socialist system that they had then, and it comes closer to do sort of economic fascism rather than the old line socialism. But either way it’s very dangerous because it undermines liberty and it destroys the productive capacity of a free market.
Cody Willard: Well, Representative, I would push it even further and say we’ve got a financial-industrial complex, we’ve got a retail-industrial complex. You name the sector of the economy, and they have a lobbying body that now owns the Republican-Democrat regime in power. Congressman, we’re just about out of time, give us some hope here. How do we turn this around? How do we save this great country and make Dan Gross look good that America is truly back man?
Ron Paul: I’m always amazed that when I finish my talks in the college campuses, the young people come away with a sense of optimism. And I come away with a sense of optimism, too. Not on the short run, because the debt has to be liquidated, we have to go back to starting all over again. But, the young people of this country are very much attuned to what I’m talking about, they know the seriousness of the problem, and they’re getting involved. And I think our fight is intellectual and it has to do with whether you accept free-market economics and reject what we’ve all been taught for so long: the Keynesian approach to economics and socialism. And when they reject that, and I think the young people will, so, I’m optimistic on the long run.
Rebecca Diamond: Yeah, absolutely. You don’t have to be a member of the Tea Party to realize that you want limited government and reduced government spending. Congressman Ron Paul, we thank you very much, as always, for joining us on Happy Hour.
Ron Paul: You’re welcome.
Cody Willard: I think I love him, you know.