Monday, September 22, 2008

Ron Paul has nothing good to say about the Wall Street bailout plan | Top of the Ticket | Los Angeles Times

If only Paul had won the election...

Ron Paul has nothing good to say about the Wall Street bailout plan | Top of the Ticket | Los Angeles Times: "WOLF BLITZER ('Late Edition' host): What do you say to the president who wants you and your fellow Republicans and Democrats to quickly pass this $700 billion bailout package?

PAUL: Well, I think that's a mistake because we don't have the money. But that doesn't mean you have to do nothing. I mean, we could reform the system. We could return to sound money. We could balance our budget. We could change our foreign policy. We could take care of our people at home. We could lower taxes.

There's a lot of things that we can do. But the worst thing that we can do is perpetuate the bad policies that gave us this trouble in the first place, and that is that we no longer, over the last quite a few decades, believed in free-market capitalism. Capital is supposed to come from savings. We're supposed to work hard and save."

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