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Old 09-28-2008, 06:37 AM
 
495 posts, read 747,055 times
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At least one member of Congress, Rep. Ron Paul, isn’t buying into its disastrous solution. In the short video below, Paul points out that the bailout will not and cannot “patch” the economy together by having taxpayers buy up worthless mortgages. Instead, only a return to a gold-backed dollar and end to deficit spending can give out economy the medicine it needs to truly recover!

Video.
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Old 09-28-2008, 07:35 AM
 
Location: Raleigh, NC
9,059 posts, read 12,952,428 times
Reputation: 1401
Quote:
Originally Posted by progressive25 View Post
At least one member of Congress, Rep. Ron Paul, isn’t buying into its disastrous solution. In the short video below, Paul points out that the bailout will not and cannot “patch” the economy together by having taxpayers buy up worthless mortgages. Instead, only a return to a gold-backed dollar and end to deficit spending can give out economy the medicine it needs to truly recover!

Video.
There's a reason why no one will buy these crap mortgage securities and why they have to be dumped on the taxpayer like mobsters would dump rat milk at a school cafeteria.

This annoying little socialist next to Schiff raised my BP a few points:


YouTube - CNN: Peter Schiff On The Bailout Negotiations
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Old 09-28-2008, 08:06 AM
 
1,867 posts, read 4,072,002 times
Reputation: 593
Wow, I so agree with this wholeheartedly. Inflation will follow this additional money printing to come up with the $700 billion. People need to stop spending money they dont have, including the government and all Americans. Stop paying for your big cars and TVs on credit. Let's get out of Iraq and let's decline this huge expenditure and let's do away with the Bush tax cuts for the wealthiest Americans. We need to get this mounting deficit under control!
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