Ron Paul Goes All In! Won’t Seek Reelection to Congress to Focus on Presidential Campaign

After serving almost 24 years in the U.S. House of Representatives, Congressman Ron Paul announced this morning he will not be seeking another term for the District 14 seat.

Paul, 75, will instead focus on his quest for the presidency in 2012.

“I felt it was better that I concentrate on one election,” Paul said. “It’s about that time when I should change tactics.” (Read the full story at The Facts)

Reactions

Sen. Rand Paul:

History will record the legislative record of Ron Paul as an extraordinary one – perhaps unparalleled. There probably has never been a more consistent believer in limited government in Congress. America deserves a statesman like Ron Paul as her president, a man I am proud to call my father.”

Kristina:

Well, the House will lose one of it’s last remaining Voices of Reason (and Truth & Sanity & Liberty) when Dr. Paul leaves at the end of 2012. He will be missed. But, hopefully, the Voice of Reason will be in the White House come January 2013! And hopefully someone just as good will replace his seat in the House.

JerseyPatriot:

Here is to hoping that you will be seeking re-election in 2016. : ) Thank you for all that you have accomplished in the House. I fully support your journey to a house that is white in 2012.

David Ivory:

Ron – you have the attention and respect of more people than you can possibly imagine, good luck with your campaigns, and please stay safe.

Transcript Video #1


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News Anchor: Welcome back, when Ron Paul was first elected to Congress, Jimmy Carter was president, inflation was 11% and the Cold War was in full swing. Times have changed but Paul has been a steadfast champion of small government and individual freedoms. And his 2008 run for president inspired a movement; you know it today as the Tea Party. Ron Paul announced this week that he won’t run for re-election from the 14th District of Texas, instead devoting his energies to another run for president. Congressman Paul joins me from Capitol Hill to talk about that decision and of course his very colorful career, Congressman, happy to have you on the show today, I want to ask you first though…

Ron Paul: Thank you.

News Anchor: …why give up your House job?

Ron Paul: Well, I didn’t want to run two campaigns at one time, I’ve done it before, it was criticized, I think the criticism is justified and I think I should concentrate on one campaign and that’s what I’m going to do and I thought it was time to leave the Congress anyway and besides, I don’t think it’s legal under the constitution to be the president and also to be a member of Congress.

News Anchor: I’m sure you’re well aware of this little crisis that’s brewing in Washington these days known as the debt crisis. What is your solution here, do you think?

Ron Paul: Well there’s no easy solution ‘cause it took them about 30 or 40 years to get into this mess, the solution is we have to change our whole attitude about what the role of government ought to be and in the last 100 years, we’ve drifted from the original intent of the constitution where government was to be limited and was there to protect our liberty. So we have a foreign policy that needs dramatically change, we can’t be the policeman of the world, we shouldn’t have a government that is dealing with our personal liberties and dealing and treating us the way they do at Airports, we should have a different monetary system and we certainly shouldn’t go into deficits. We shouldn’t be doing central economic planning and willing to spend all this money that we don’t have. So it’s a major change that we need, but the major change is coming because the country technically is in bankruptcy.

News Anchor: And what is your answer though on the debt ceiling, do you think it should be raised?

Ron Paul: No, absolutely not. I’ve not voted for any of the spending so I’m not going to vote to raise the debt limit and that’s only going to encourage them, and the argument for raising it…

News Anchor: What’s the problem with raising it?

Ron Paul: Well they argued that it’s going to be devastating if we don’t and will default. But I think the problems that we face, if we continue to do what we’re doing is much worse. And besides, we’re currently defaulting constantly, we default when we devalue the currency and that is why our prices are going up. Although today Bernanke claimed that inflation is only a couple percentage points, when you look at the free market economists, they claim that inflation is over 9% according to CPI that we used to use. So there’s still a lot of inflation, that means defaulting on the people, because they’re getting paid money that loses its value, they save money, they lose its value and people who owe money get to pay back with cheap money, and that’s also the way governments usually default on their debt. They devalue the currency, very dangerous and eventually ends up very badly with a lot more inflation.

News Anchor: Well your feelings certainly are well known about the Federal Reserve and as I said it was quite entertaining to watch you tangle with Ben Bernanke today. I want to play some of that and then I want to ask you about it, so let’s listen.

Ron Paul: then we also have the Fed to deal with too, and I see the Fed as a problem because I see so much of this other spending wouldn’t have gotten out of hand if we didn’t have a monetary system where the system provides the funds, we don’t have to be responsible because we can always say “Well it’s up to the Fed.” If we didn’t have the Fed buying up our debt, interest rates would rise and everybody would yell and scream, but you know what it would do? It would put pressure on us here in the Congress to do something about it.

Ben Bernanke: You’re mistaken in saying that the Federal Reserve has spent any money, you say 5 trillion, we have lent money, we have purchased securities, that’s not buying, that’s not dissipating the money, we’ve gotten all the money back, as an article over the weekend by Ellen Sloane showed in fact the Fed has been a major profit center for the US government. We’ve turned over profits in the last two years of $125 billion, so we are not costing any money in terms of budget deficits or anything like that.

News Anchor: So I want to give you the last word here Congressman on that little debate there, I mean you have gone so far as to say that we don’t even need the Fed, why is that?

Ron Paul: Well, the Fed creates the financial bubbles and if you have a financial bubble, you have to have a correction, the correction is a recession and a depression and then the price inflation and you have the unemployment. So their purpose is to give us low unemployment and stable prices and we don’t get any of it. So we’re not getting much for it, but for him to say they don’t spend any money, that’s a bit of strain language because he claims if you buy a security that you’re just adding reserves into the system. But where did he get the money? I mean and he brags about the profits, I’ll tell you what, if I had absolute control of the printing press, I bet I could make some profits too, it wouldn’t take a genius to make profit. But to say technically speaking he’s not spending money like we do in the Congress, but he is printing money and he is buying junk. He buys all the securities that nobody else wanted and that’s how he bailed out the banks and he bailed out corporations. So as far as I’m concerned in a practical sense that is spending money, money that he created out of thin air and the people suffer and the point I made during the conference was, in the past three years, the economy has not improved and we’ve ended up with a$5 trillion increase in the national debt.

News Anchor: So Congressman before I let you go, I’m sure you pay attention to the polls, close attention, if you don’t become president, now that you’ve given up your job at the House, what will you do?

Ron Paul: Well, first I’m going to concentrate on the campaign and actually we’re pretty optimistic about that compared to four years ago and one thing that we do know that when we look at our own polls is that the support I have is very solid, they’re not going to go anywhere, the support for other candidates, they jump around. But I’ll continue to do what I’ve been doing in office or out of office, I’ve dedicated myself to defending individual liberty, that’s the most important thing. If we have our liberties, we won’t have to worry about our prosperity, the prosperity will come. But if you give up our liberties as we have been, our prosperity dissipates and that’s what happening. So I’ll keep fighting for that which means sound money, free markets, a sensible foreign policy and balance budget, but to concentrate on the principle that every individual deserves their liberties and free people can take care of themselves much better than anything we can do with the dependency on government and central economic planning.

News Anchor: Well I know that you’ve been working hard to change people’s minds and change the country and we wish you the best of luck with that and when we call you on August 3rd after the debt ceiling deadline, we hope you’ll take the call and come back on the show and talk to us about that.

Ron Paul: Thank you very much.

News Anchor: Thank you. It is about 24 minutes past the hour.

  • Desnoxvu

    What the heck? Why is RT having a tool reporter talking about RP as if he is a second tier candidate?

    Like or Dislike: Thumb up 0 Thumb down 0

  • FRUNTCASTER

    This lesbian is just another mainstream mouthpiece.

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  • socalking421

    ron paul or die!

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  • freedomfighter790

    If other media had the guts rt has he’d win hands down, but instead they either dont cover him or they are biased to him its b.s. Ron Paul 2012

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  • NightcoredMusic

    I want anyone except Obama, Romney, and Palin.

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  • HixsonLibra

    Mr. Paul should run as an independent, I think it would be to his advantage to disconnect himself from either parties.

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  • jenlokken

    Umm…no audio for me till about 40 seconds into it!

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  • FALsecuritysystem762

    It’s sad because he is the only official you can trust, and he has no chance at winning. He just isn’t hip enough as pathetic as it is that it matters. The youth in America is far too stupid and MTV brainwashed. Obama will have tons of ads during Jersey shore so no matter how bad the economy is he will win.

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  • happilea

    You have my vote in 2012 Dr. Paul.

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  • dachicagoan

    Please for the love of pete, all you people wake up from your self induced coma of junk food and reality tv and vote for this guy in 2012. Stop voting for people that you know will screw you over!

    Ron Paul 2012!

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  • Chansulus

    why all the time 300 views fuck you youtube ! im on to you.

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  • 1guitartim

    The government may want Ron Paul as President so people will say, “Hey! The whole country is in chaos, the dollar has tanked, and we are in a depression. It must be those Libertarians that caused all this!”-Stefan Molyneux ………………………..

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  • Stefan C. Kosikowski

    The sheer integrity of this man compels me to vote for him!

    Why should anyone be allowed to run for two different elected positions within government?

    They are prohibited from serving in more than one office at a time, so to run for more than one office concurrently is problamatic from the start.

    Ron Paul 2012, do or die, just like our nation.

    Like or Dislike: Thumb up 5 Thumb down 0

  • ll

    i supported you in `08 and voted for Obama over McCain. I wouldn’t know yet who my vote would go to if comes to Obama vs. Paul in 2012. I think they are both fine candidates with more overlap than differences and would welcome a decision based on who is the better candidate as opposed to the usual, who is the lesser of two evils…. I will support you 100% during the GOP primary because if you can beat your own corrupt party, I think Paul Vs. Obama will signify a true bi-polar revolution happening in our country against the mainstream DC crowd, which i hope all your supporters here would agree are more similar than what their party affiliation are. Best to your campaign!

    Like or Dislike: Thumb up 0 Thumb down 11

  • Wayne

    This is the worst news I can imagine hearing. Despite what we all wish would happen, we know that Dr. Paul won’t win the presidential race. The great majority of the American people don’t care if they are free – they just want some more goodies from the government – and so will never vote for someone like Dr. Paul. At least we had one voice for liberty in the Congress. But starting in 2013 we will have none.

    Like or Dislike: Thumb up 4 Thumb down 9

    • yahya

      true, its horrible news. but he’s getting old and i would guess that he probably wants to retire and spend time with the grandkids and stuff like that.

      Like or Dislike: Thumb up 2 Thumb down 4

  • Kristina

    Well, the House will lose one of it’s last remaining Voices of Reason (and Truth & Sanity & Liberty) when Dr. Paul leaves at the end of 2012. He will be missed. But, hopefully, the Voice of Reason will be in the White House come January 2013! And hopefully someone just as good will replace his seat in the House.

    Highly rated. What do you think? Thumb up 10 Thumb down 0

  • http://www.rosskrothe.com Ross Krothe

    You have my support in 2012. Please save our country!

    Like or Dislike: Thumb up 9 Thumb down 0

  • nader paul kucinich gravel mckinney baldwin

    very bold move … Dr Ron is all in for the win

    Highly rated. What do you think? Thumb up 12 Thumb down 1

  • http://www.twitter.com/ielpi JerseyPatriot

    Here is to hoping that you will be seeking re-election in 2016. : ) Thank you for all that you have accomplished in the House. I fully support your journey to a house that is white in 2012.

    Like or Dislike: Thumb up 7 Thumb down 3

  • David Ivory

    Ron – you have the attention and respect of more people than you can possibly imagine, good luck with your campaigns, and please stay safe.

    Highly rated. What do you think? Thumb up 16 Thumb down 1