Why Big Bankers and Corporations Love Obama




Successful Economic Policies? For Whom?

by Ron Paul

Last week, in the wake of another uptick in the official unemployment rate, the administration continued to claim that their economic policies were working, just not fast enough. This administration inherited an unemployment rate of 7.7% and promised a peak of no higher than 8% if their policies were followed. Not only does the administration have a funny way of ending a war, but now they claim their economic policies are successful. For whom, I wonder?

These policies are not working for the 9.6% of Americans who are out of work, nor for the over16% underemployed. They are not working for nearly 3 million Americans who have declared bankruptcy in the last two years, or the 40 million currently on food stamps. Nearly 1 in 6 Americans depend on those and other government anti-poverty programs such as Medicaid and unemployment benefits. As more Americans are added to the unemployment rolls, the tax base from which to hand out their benefits is shrinking. Still, businesses are being taxed and regulated out of the market, adding to the problem. What solutions are put forth? More government spending – even as each citizen’s portion of the public debt is over $43,000 and expected to increase by $250,000 over the next 40 years.

No, this economy is not working for these people. But current economic policy does “work” for some people. For example, it has worked out very well for certain bankers and large corporations, who took on too much risk and got themselves in hot water, and were declared “too big to fail” which is really a euphemism for “friends in high places”. It works well for large, well-connected military industrial corporations, who can always count on perpetual war and conflict to keep them in business. It also works for those on the government’s payroll, which is increasing as the tax base is decreasing.

So where does the government get all this money even as its most obvious stream of revenue dries up? How can it keep spending seemingly indefinitely? Once it steals as much from you as it can get away with through taxation, it steals even more from you through what central bankers like to call quantitative easing, which is more or less the same thing as counterfeiting. When the money is no longer based on a finite quantity of something of value, like a store of gold or silver, the amount of money in circulation is not limited by anything but the restraint of those in control of the printing presses, in our case the Fed and the US Treasury. When increasing pressure is put upon them by irresponsible politicians, it is predictable that out of thin air, more money will be created to satisfy the insatiable appetites of those on political spending sprees. As money becomes more plentiful, it becomes less valuable, and the average citizen suffers again as the value of their savings evaporates. It has happened over and over in history, and what usually follows is the total debasement of the currency, hyperinflation and chaos.

Sound economic policy would be to take our foot off the gas and apply the brakes to government spending as the economic cliff approaches. We must get back to where our economy produces actual wealth, rather than mere paper wealth. The road back to fiscal sanity and a strong economy is simple: Congress just needs to get back to following the Constitution.

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68 Comments:

  1. This shows that Congressman Paul is the BEST man to steer this country back to fiscal sanity. Straight talk, indeed!

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  2. Watch The Obama Deception and Fall of the Republic here on youtube for free.Research what is said in these documentaries for yourself,you will be amazed!!!

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  3. Ron Paul is my hero. I wish we had someone in Europe like him because we need him more than America - we don't have a constitution protecting the rights we once had and are loosing every month. Our laws are made by un-elected bureaucrats!

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  4. I do not like Obama or Bush. Obama seems like nothing more than a 3rd term than Bush. So, when I "attack" or question Bush I do it as someone concerned with government not a democrat/lib Bush hater - Just saying. Now you know that I thought Bush policy supported WallStreet/Bankers almost as much as obama. Can someone give us some links?

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  5. Thanks to Ron Paul the National Australia Banks bailout by the Fed was made public - still hasn't made a difference here - the Government still kowtows to the banks and lets them get away with stealing the assets of Australians. The legal system is also owned by the banks. Can we borrow Ron to sort out our mess too?
    Check out my 'nab exposed' video - I sent the link to almost every politician in Australia with a call for a Royal Commission into bank malpractice - hear the deafening silence?

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  6. 5. Un Unionize the States from the democracy back to the republics allowing right to work self sufficiency within each and every piece of territory we labeled a State ending the FED family law scam
    6. Reduce Government 85% end FED/CFR/CIA/FBI/FCC/DOT/FEMA/H¬LS/NAFT/IRS TSA/CDA/ADST/AGR/BPP/B&F/CA/CI¬O/CLO/CON/DOE/ECA/EPA/FAS/GSO/-IMS/NATO/NSA/USO/WTO and thousands of other secret agencies in between and on and on
    7. End the IRS CON SCAM from the BRITISH and turn it over to each State

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  7. A clear road back to America; doing what anyone really should long ago
    1. Respect is the key it is not something you FIGHT, BOUGHT or GIVEN- RESPECT HAS TO BE EARNED.
    2. Bring back our troops STOP POLICING the WORLD
    3. STOP SPENDING counterfeit war funding to FOREGIN countries.
    4. Issue United States Currency as per JFK orders prior to his execution

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  8. A clear road back to America; doing what anyone really should long ago
    1. Respect is the key it is not something you FIGHT, BOUGHT or GIVEN- RESPECT HAS TO BE EARNED.
    2. Bring back our troops STOP POLICING the WORLD
    3. STOP SPENDING counterfeit war funding to FOREGIN countries.
    4. Issue United States Currency as per JFK orders prior to his execution

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  9. 5. Un Unionize the States from the democracy back to the republics allowing right to work self sufficiency within each and every piece of territory we labeled a State ending the FED family law scam
    6. Reduce Government 85% end FED/CFR/CIA/FBI/FCC/DOT/FEMA/H¬LS/NAFT/IRS TSA/CDA/ADST/AGR/BPP/B&F/CA/CI¬O/CLO/CON/DOE/ECA/EPA/FAS/GSO/-IMS/NATO/NSA/USO/WTO and thousands of other secret agencies in between and on and on
    7. End the IRS CON SCAM from the BRITISH and turn it over to each State

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  10. 8. Enact independent town meetings and share live on the internet between Americans
    9. Be of service for your neighbors and your neighbors will take care of you
    10. What do we keep:
    Our personal GUNS
    A Minimized army
    Minimal State law enforcement
    Taxes from the IRS to the States for road repairs allowing in depend workers non Union
    And take care of our families being an example not a phony foreign aid counterfeiter

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  11. 8. Enact independent town meetings and share live on the internet between Americans
    9. Be of service for your neighbors and your neighbors will take care of you
    10. What do we keep:
    Our personal GUNS
    A Minimized army
    Minimal State law enforcement
    Taxes from the IRS to the States for road repairs allowing in depend workers non Union
    And take care of our families being an example not a phony foreign aid counterfeiter

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  12. But, liberals ARE smarter. Higher S.A.T. scores, smarter in general..not hilarious.

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  13. Fight the banls: watch?v=k1wptCr4W70

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  14. I like him, but he merely states the obvious. He doesn't really provide any actual answers to the question of what to do about the corporatocracy.

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  15. NoLongerDelusional

    I like him, but he merely states the obvious. He doesn't really provide any actual answers to the question of what to do about the corporatocracy.

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  16. theconservativelib

    Not sure what bankers they talked to all my rich friends HATE Obama and think he's extremely anti-business. Those are real people too not some dude on Fox news. Go figure.

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  17. Well, try to be a Rothbardian for a second. They will call you a traitor!

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  18. Well, try to be a Rothbardian for a second. They will call you a traitor!

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  19. How is it that Ron Paul doesn't seem extreme? I've never understood it. At school, I position myself with his policies and folks label me off as extreme.

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  20. i'd be shitting myself if i were ron paul. if any politican gets assainated, it will be him. but i hope not...

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