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Financial Crisis
Ron Paul’s Statement on the Passage of the Bailout Bill
United States House of Representatives
Statement on HR 1424
October 3, 2008
Ron Paul
Madame Speaker, only in Washington could a bill demonstrably worse than its predecessor be brought back for another vote and actually expect to gain votes. That this bailout was initially defeated was a welcome surprise, but the power-brokers in Washington and on Wall Street could [...]
Ron Paul to Congress: You’re Going to Guarantee a Depression!
Ron Paul’s address to Congress, Oct. 3, 2008
“Madam Speaker, I rise in strong opposition to this bill, because it won’t solve our problem. It is said that we’re in a liquidity crisis and a credit crunch, and all we need is more credit. The Federal Reserve has already injected over a trillion dollars worth of [...]
A Dark Day For America
The controlled media’s “shock and awe” propaganda blitz and fear mongering campaign had its desired effect: Last night, the Senate passed the Bailout Bill 75 to 24.
See who voted “yes” and “no”:
Alabama
Sessions (R)
No
Shelby (R)
No
Alaska
Murkowski (R)
Yes
Stevens (R)
Yes
Arizona
Kyl (R)
Yes
McCain (R)
Yes
Arkansas
Lincoln (D)
Yes
Pryor (D)
Yes
California
Boxer (D)
Yes
Feinstein (D)
Yes
Colorado
Allard (R)
No
Salazar (D)
Yes
Connecticut
Dodd (D)
Yes
Lieberman (I)
Yes
Delaware
Biden (D)
Yes
Carper (D)
Yes
Florida
Martinez (R)
Yes
Nelson (D)
No
Georgia
Chambliss (R)
Yes
Isakson (R)
Yes
Hawaii
Akaka (D)
Yes
Inouye (D)
Yes
Idaho
Craig (R)
Yes
Crapo [...]
Senate to Revive Bailout Bill Tonight
As predicted earlier this week, the failed bankers and their government enablers won’t take “no” for an answer. Even though the Bailout Bill was soundly defeated by the House on Monday, the Senate still plans to vote on the bill tonight.
How is this even possible?
In circumvention of normal procedures, the Senate merged the Bailout [...]
No Bailout: We The People Prevailed
Victory!
Thanks in no small part to massive public rejection and outcry the “Bailout Bill” was defeated today 228-205.
But the bankers and their allies in Congress won’t take “no” for an answer.
There could be another vote as early as Thursday… so let’s keep up the pressure!
In addition to speaking out against the Bailout Bill [...]
Ron Paul to Congress: Don’t Destroy The Dollar!
The process of this bailout reminds me of a panic-stricken swimmer thrashing in the water only making his situation worse. Even a “bipartisan deal” – whatever that is supposed to mean – will not stop the Congress from thrashing about.
The beneficiaries of the corrupt monetary system of the last three decades are now desperately [...]
No Amnesty For Wall Street
by Chuck Baldwin
At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. [...]
G.W. Bush on the Housing Boom – Oct. 2002
THE PRESIDENT: Thank you, all. Thanks, for coming. Well, thanks for the warm welcome. Thank you for being here today. I appreciate your attendance to this very important conference. You see, we want everybody in America to own their own home. That’s what we want. This is – an ownership society is a compassionate society.
More [...]
Ron Paul on the Housing Bubble – July 2002
Congressman Ron Paul
U.S. House of Representatives
July 16, 2002
“Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for housing-related government sponsored enterprises (GSEs). These entities are the Federal National Mortgage Association (Fannie), the Federal Home Loan Mortgage Corporation (Freddie), and the [...]
Ron Paul: My Answer to the President
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. [...]
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