12/10/2011 – ABC News, Yahoo!, Des Moines Register & GOP of Iowa Debate

780 Responses




ABC News, Yahoo!, The Des Moines Register and Republican Party of Iowa Debate
Des Moines, IA

Venue:
Drake University
Sheslow Auditorium
Des Moines, IA 50311

Participants: Michele Bachmann, Newt Gingrich, Ron Paul, Rick Perry, Mitt Romney, Rick Santorum

Full Debate:

Ron Paul Highlights:

Transcript

Diane Sawyer: Congressman Paul, a number and a timeframe and an idea?

Ron Paul: My approach is slightly different. I think we’re all for less taxes and less regulations, we recognize this. But I emphasize the fact that you have to know why we have a recession and why we have unemployment before you can solve the problem. Financial bubbles are created by excessive credit and stimulation by the Federal Reserve, and when you have bubbles, you have to have a correction. This stimulus creates excessive debt and mal-investment; as long as you don’t correct that and you maintain the debt and the mal-investment, you can’t get back to economic growth again. Unfortunately, so far what we have done, is we have not liquidated the debt, we have dumped the debt on the American people through TARP funding as well as [through] the Federal Reserve. So the debt is dumped on the people, and what did we do? We bailed out the people that were benefiting during the formation of the bubble. So as long as we do that, we’re not going to have economic growth. We did the same thing in the depression, the Japanese are doing it right now, so it’s time we liquidate the debt and look at monetary policy and then, of course, lower taxes. And I would like to cut one trillion dollars in the first year, because that is the culprit: big spending and big government.

Diane Sawyer: I want to move on, if I can, to another question, which represents some of the urgent and tough choices presidents have to make. Because this one is coming up soon, on December 31st, and it is the payroll tax cut. And as we know, the payroll tax cut which funds the Social Security fund in this country, is part of the argument, part of the debate, part of the consideration of the economy in this country right now. And by some estimates, if this tax cut expires on December 31st, it could add as much as a $1000 to the tax burden of American working families. And I know you are divided down the middle.

George Stephanopoulos: Congressman Paul, 30 seconds.

Ron Paul: I want to extend the tax cut, because if you don’t, you raise the taxes. But I want to pay for it, and it’s not that difficult. In my proposal, in my budget, I want to cut hundreds of billions of dollars from overseas. The trust fund is gone, but how are we going to restore it? We have to quit the spending, we have to quit this being the policeman of the world, we don’t need another war in Syria and another war in Iran. Just get rid of the embassy in Baghdad. We’re pretending that we’re coming home from Baghdad? We built an embassy there that cost a billion dollars and we’re putting 17,000 contractors in there and pretending our troops are coming home. I could save the money, and we don’t have to raise taxes on Social Security.

George Stephanopoulos: I want to bring Congressman Paul in on this, because, Congressman, you’ve been running ads that are quite tough on Speaker Gingrich here in Iowa this week, accusing him of (and this is a quote from your ad) “Serial Hypocrisy”. Why do you think Speaker Gingrich is a hypocrite?

Ron Paul: Well, he’s been on different positions on so many issues, you know, single-payer. He’s taken some positions that are not conservative, he supported the TARP funds. And the other thing that really should annoy a lot of people, is he received a lot of money from Freddie Mac. Now, Freddie Mac is essentially a government organization. While he was earning a lot of money from Freddie Mac, I was fighting for over a decade to try to explain to the people where the housing bubble was coming from. So Freddie Mac is bailed out by the tax payer so, in a way, Newt, I think you probably got some of our tax payer’s money; they got taxed and they lost money and [you're] still getting bailed out. But you’re a spokesman for them and you receive money from them, so I think this is something that the people ought to know about. There’ve been man positions and you have admitted many of the times where you have changed positions. But if you were looking for consistent position, I think there would be a little bit of trouble for anybody competing with me on consistency.

Newt Gingrich: Well, first of all, as you normally say in your own speeches, the housing bubble came from the Federal Reserve inflating the money supply. Now that’s the core of the housing bubble. And I happen to be with you on auditing the Fed and, frankly, on firing Bernanke. Second, I was never a spokesman for any agency, I never did any lobbying for any agency, I offered strategic advice. I was in the private sector, and I was doing things in the private sector. When you’re in the private sector and you have a company and you offer advice, like McKenzie does, like a bunch of other companies do, you’re allowed to charge money for it, that’s called free enterprise.

Ron Paul: It’s the tax payers money, though, we had to bail these people out.

George Stephanopoulos: Should voters consider marital fidelity when making their choices for President? Congressman Paul, what’s your view on this?

Ron Paul: I think character is obviously very important. I don’t think it should be necessary to have to talk about it, I think it should show through in the way we live and I think it should show through in your marriage. And I happen to have been married for 54 years and a family person. But I don’t think we should have to talk about it. But you know what, it probably is every bit as important. If you’re marriage vows are important, what about our oath of office? That’s what really gets to me, that’s where you’re really on the line as a public figure, and that’s where I think a lot of people come up real short. Because there were many times that I’ve been forced to Congress because I take my oath very seriously. I end up sometimes, believe it or not, voting all by myself thinking that why aren’t the people paying attention, why don’t they read Article 1 Section A? If we took that oath of office seriously in Washington, we’d get rid of 80% of the government, the budget would be balanced, we’d have sound money and we would have prosperity and we wouldn’t be the policeman of the world, we wouldn’t have a Federal Reserve System, and we wouldn’t be invading the privacy of every single individual in this country with bills like the PATRIOT Act. We’d have a free society and a prosperous society.

George Stephanopoulos: Speaker Gingrich caused something of a stir overnight in the Middle East with comments he made in an interview with the Jewish Channel, in which he called the Palestinians and “invented people”. And I just wondered, Congressman Paul, if I can start with you, do you agree with that characterization that the Palestinians are and “invented people”?

Ron Paul: No, I don’t agree with that, and that’s just stirring up trouble. I believe in a non-interventionist foreign policy, I don’t think we should get in the middle of these squabbles. But to go out of our way to say that so-and-so is not a real people? Technically and historically, yes, under the Ottoman Empire, the Palestinians didn’t have a state, but neither did Israel have a state then, too. But this is how we get involved in so many messes, and I think it just fails on the side of practicing a little bit of diplomacy. Getting ourselves into trouble mentioning things that are unnecessary. The people in those regions should be dealing with these problems, we shouldn’t be dealing with these things. But, historically, under the Ottoman Empire, that is technically correct. But to make these decisions and deciding what the settlement is going to be, it should be the people that are involved. This idea that we can be the policeman of the world and settle all these disputes? I mean, soon we’ll to quit because we’re flat out broke, but we cannot continue to get into these issues like this and getting ourselves into more trouble.

Diane Sawyer: We have a question on yahoo about the last time you had a personal financial strain that forced you to cut back on a necessity, (so many people in the middle class say they do) the consequences you faced, and will you weigh in on that?

Congressman Paul, what does this question evoke, how much does it matter to have personal experience?

Ron Paul: Well, I feel very fortunate because although I was raised in a family that was rather poor, I didn’t even know it. It was during the depression and World War II and we didn’t have very much and I worked my way through college, and that was a natural instinct because that’s what you were supposed to do. But I finally did a little bit better in medical school because I had my wife work our way through medical school. So that worked out a little bit better. The middle class is suffering, not only because we bail out the rich and dump on the poor and they lose their jobs and they lose their houses, but there’s a characteristic about monetary policy: when a country destroys its currency, it transfers wealth from the middle class to the wealthy. And this is what you’re seeing today: the elimination of the middle class, and it’s going to get a lot worse unless we address the subject of over-spending, over-borrowing and printing too much money and understanding the business cycle.

Diane Sawyer: Let’s switch to this question, and it is about healthcare because the number of people … in fact, I have a cough and I was at a pharmacy here in Iowa. And the pharmacist were talking about a big driver of healthcare costs, and they specifically mentioned unhealthy habits that we all need to learn to do better on at a young age, they talked about obesity, they talked about exercise. If I can ask Congressman Paul, is there anything government should do on these fronts? On the fronts specifically of healthy behavior, on these fronts specifically of healthy behavior at very young ages?

Ron Paul: No, essentially not, but they have to be a referee. If people are doing things that hurt other people, yes. But if you embark on a society where government protects you from yourself, you’re in big trouble; and that’s what they’re doing.

I think what we’ve had here is a demonstration of why should we have a candidate that is going to have to explain himself? 70% of the people want further explanations on what you’re positions are, so I think that is endless. When you talk about the Obama Care using force, but that’s all that government is, it is force. Do you have a choice about paying Medicare taxes? So there’s not a whole lot of difference, you’re forced to buy insurance, that’s one step further. But you have to stop with force. Once government uses force to mould behavior or mould the economy, they’ve overstepped the bounds and they’ve violated the whole concept of our revolution and our constitution.

George Stephanopoulos: In the form of closing, we just want each of you, you’re all running against each other, but in these last few minutes, – and take a minute where we will not run over the commercial – tell us the one thing you’ve learned from someone else, one of your challengers on stage. Governor Perry?

Rick Perry: I’d say, Congressman Paul got me really intrigued with the whole Federal Reserve, and I’ve spent a substantial amount of time reading about it, and the book, Currency Wars, by James Rickards. But Congressman Paul is the individual on the stage that got me most interested in a subject that I found to be quite interesting and at the root of all of the problems that we have, and I thank you for that. But the one thing that I found outside of these fine individuals on this stage, is that the people of this country really want to get America back on track.

Mitt Romney: I always find the principle of leadership to be most interesting, and as I look at the people on the stage, each exhibits different qualities of leadership and they’ve each exercised leadership in different ways. One of the things about Ron Paul that always amazes me is when I come to a debate like this, the only signs I see are the Ron Paul people out there freezing. In freezing temperatures, they’re always there. He ignites an enthusiasm with a number of people, that’s very exciting to watch.

Ron Paul: I have learned that you should never give up on your opposition, because if you’re persistent and you present your case, they will come your way. So, Rick, I appreciate it, Michelle, I appreciate it. You’re open to the Federal Reserve. I work on the assumption that freedom brings people together, and if you understand freedom, it’s based on tolerance and non-violence. So if it’s tolerance, it should be bringing all kinds of people together, and that’s following our constitution. We shouldn’t be fighting among ourselves, we shouldn’t be fighting in Washington. If we all take the same oath of office, where does the fight come from? Somebody is messing up somewhere. So I would say that with persistence, I think that we can all prevail and come up with the right answers.

»crosslinked«

Likes(0)Dislikes(0)

780 responses to “12/10/2011 – ABC News, Yahoo!, Des Moines Register & GOP of Iowa Debate”

  1. Deborah

    obviously like your website however you have to test the spelling on quite a few of your posts. Several of them are rife with spelling problems and I in finding it very troublesome to inform the truth nevertheless I will definitely come again again.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  2. Rosalind

    I blog often and I genuinely thank you for your information. This great article has truly peaked my interest. I'm going to take a note of your website and keep checking for new information about once a week. I opted in for your Feed as well.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  3. Marla

    This piece of writing will help the internet visitors for setting up new website or even a blog from start to end.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  4. Mason

    I'm really enjoying the theme/design of your website. Do you ever run into any internet browser compatibility problems? A small number of my blog readers have complained about my site not working correctly in Explorer but looks great in Opera. Do you have any tips to help fix this issue?

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  5. Jung

    This is very attention-grabbing, You're an overly skilled blogger. I've joined your rss feed and stay up for looking for more of your great post. Also, I have shared your website in my social networks

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  6. Juan

    Hi there this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I'm starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  7. Meridith

    What's up friends, good article and pleasant urging commented at this place, I am really enjoying by these.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  8. Darwin

    I know this if off topic but I'm looking into starting my own blog and was wondering what all is needed to get set up? I'm assuming having a blog like yours would cost a pretty penny? I'm not very web smart so I'm not 100% sure. Any tips or advice would be greatly appreciated. Kudos

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  9. Josefina

    Good day! I could have sworn I've been to this blog before but after checking through some of the post I realized it's new to me. Anyways, I'm definitely delighted I found it and I'll be bookmarking and checking back frequently!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  10. Eddie

    Greetings! Very helpful advice in this particular post! It's the little changes that produce the most significant changes. Thanks a lot for sharing!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  11. Edith

    You really make it appear really easy together with your presentation but I in finding this topic to be really one thing that I believe I would by no means understand. It seems too complex and very large for me. I am having a look ahead on your next post, I'll try to get the cling of it!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  12. King

    What's up everyone, it's my first pay a quick visit at this web page, and piece of writing is genuinely fruitful for me, keep up posting these types of content.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  13. Dirk

    Have you ever thought about adding a little bit more than just your articles? I mean, what you say is important and everything. However think about if you added some great pictures or video clips to give your posts more, "pop"! Your content is excellent but with pics and video clips, this website could definitely be one of the best in its niche. Superb blog!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  14. Cathryn

    Hello there, You've done a great job. I will certainly digg it and personally suggest to my friends. I'm sure they will be benefited from this website.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  15. Aleisha

    It's going to be ending of mine day, however before ending I am reading this wonderful paragraph to increase my experience.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  16. Dorthea

    What's up to every , since I am genuinely eager of reading this weblog's post to be updated daily. It consists of pleasant data.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  17. Ingeborg

    You have made some good points there. I looked on the net for more info about the issue and found most individuals will go along with your views on this web site.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  18. Jacklyn

    This article offers clear idea in favor of the new viewers of blogging, that genuinely how to do blogging.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  19. Ignacio

    I've been browsing online more than 2 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all web owners and bloggers made good content as you did, the net will be much more useful than ever before.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  20. Melissa

    Hey! This post couldn't be written any better! Reading this post reminds me of my good old room mate! He always kept talking about this. I will forward this post to him. Pretty sure he will have a good read. Many thanks for sharing!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  21. Geoffrey

    You could definitely see your expertise within the article you write. The sector hopes for more passionate writers like you who aren't afraid to say how they believe. At all times follow your heart.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  22. Mose

    It's amazing to pay a visit this website and reading the views of all friends about this post, while I am also eager of getting familiarity.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  23. Elbert

    Great site. A lot of helpful info here. I am sending it to several pals ans also sharing in delicious. And obviously, thank you in your effort!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  24. Russ

    It's an amazing piece of writing in favor of all the online people; they will take advantage from it I am sure.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  25. Mable

    Hi there I am so grateful I found your blog, I really found you by error, while I was searching on Aol for something else, Nonetheless I am here now and would just like to say thanks for a fantastic post and a all round exciting blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb b.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  26. Rick

    Fabulous, what a webpage it is! This website gives helpful facts to us, keep it up.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  27. Juliet

    Good post. I learn something new and challenging on sites I stumbleupon everyday. It will always be exciting to read through content from other authors and use a little something from their sites.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  28. Deloris

    Aw, this was an incredibly nice post. Finding the time and actual effort to produce a really good article… but what can I say… I procrastinate a whole lot and never seem to get nearly anything done.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  29. Sabrina

    Way cool! Some very valid points! I appreciate you penning this write-up plus the rest of the website is very good.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  30. Earnest

    My spouse and I stumbled over here coming from a different page and thought I might check things out. I like what I see so now i am following you. Look forward to finding out about your web page for a second time.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  31. Tommie

    Howdy fantastic blog! Does running a blog like this require a lot of work? I have very little expertise in coding but I was hoping to start my own blog in the near future. Anyhow, should you have any suggestions or tips for new blog owners please share. I understand this is off topic nevertheless I simply needed to ask. Cheers!

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  32. Regena

    Excellent post. I was checking continuously this blog and I am impressed! Very helpful information particularly the last part :) I care for such information a lot. I was seeking this particular information for a very long time. Thank you and best of luck.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  33. Bart

    I have read so many articles or reviews about the blogger lovers except this post is really a nice post, keep it up.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  34. Leonard

    I am regular reader, how are you everybody? This paragraph posted at this web page is in fact fastidious.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  35. Tristan

    Hi there, its fastidious post regarding media print, we all be familiar with media is a great source of data.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

Leave a Reply