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Old 09-29-2008, 04:25 AM
 
495 posts, read 660,114 times
Reputation: 203

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In this short video, former presidential candidate Ron Paul takes issue with multibillionaire investor Warren Buffet over the bailout.

Video
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Old 10-05-2008, 09:52 AM
 
12,870 posts, read 13,092,764 times
Reputation: 4453
who do you want to believe, an honest congressperson or a known corporate raider?
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Old 10-05-2008, 01:07 PM
 
Location: Great State of Texas
86,093 posts, read 72,153,132 times
Reputation: 27563
The gov't should have guaranteed our savings..the citizens' money and not the bankster's debts like Germany just did.

Germany guarantees savings in global finance crisis - Yahoo! News (http://news.yahoo.com/s/nm/20081005/bs_nm/us_financial1_41 - broken link)
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Old 10-05-2008, 02:58 PM
 
12,870 posts, read 13,092,764 times
Reputation: 4453
it is interesting to the average american that those 4 countries decided against a united states style bailout. it certainly is also interesting about buffet and the bailout. it was on preferential terms unavailable to the average investor (after netting out warrants and other details in the fine print, it worked out to a bond with a 17% interest rate and with the same upside as the stock. also, the interest gets taxed at a special low rate from the federal government through his insurance company). go figure!
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Old 10-05-2008, 04:49 PM
 
Location: SF Bay Area
14,330 posts, read 19,471,933 times
Reputation: 18436
Why is the opinion of Ron Paul relevant? He presented hiumself and his ideas to the American public and was annihilated, soundly rejected.

I don't think he's someone who should be quoted.
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Old 10-05-2008, 04:54 PM
 
Location: Oakland, CA
190 posts, read 397,305 times
Reputation: 70
Quote:
Originally Posted by Alexus View Post
Why is the opinion of Ron Paul relevant? He presented hiumself and his ideas to the American public and was annihilated, soundly rejected.

I don't think he's someone who should be quoted.
That was then. Paul is looking better and better as our system falls apart.
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Old 10-05-2008, 05:02 PM
 
12,870 posts, read 13,092,764 times
Reputation: 4453
paul is certainly looking like a visionary while some of our representatives are trying to convince us the bailout is for our own good and they sure hope we still will vote for them! there are people who don't understand money or the flow of money and are not at all concerned about the future of the country.
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Old 10-05-2008, 06:13 PM
 
Location: Albemarle, NC
7,730 posts, read 12,676,134 times
Reputation: 1503
I'm 100% certain that the supporters of both McCain and Obama have never read a certain piece of legislation. Not even when it was 3 pages long. Their opinions are not to be considered.
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Old 10-05-2008, 06:13 PM
 
Location: Boston, MA
71 posts, read 192,089 times
Reputation: 29
Quote:
Originally Posted by Alexus View Post
Why is the opinion of Ron Paul relevant? He presented hiumself and his ideas to the American public and was annihilated, soundly rejected.

I don't think he's someone who should be quoted.
Because he was right then and he's right now? The economic situation as gone just as he's warned it would. Just because the people (thanks largely to the media, further thanks to the GOP) didn't turn to him doesn't mean he was wrong. Straight majoritarianism denies freedom.
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Old 10-05-2008, 08:33 PM
 
Location: DFW, TX
2,935 posts, read 6,109,115 times
Reputation: 571
Quote:
Originally Posted by Alexus View Post
Why is the opinion of Ron Paul relevant? He presented hiumself and his ideas to the American public and was annihilated, soundly rejected.

I don't think he's someone who should be quoted.
His ideas weren't soundly rejected, they were not presented. Most people I speak to, even today, still have no idea who he is, that he ran, or what ideas he presented.

His opinion is relevant because many of us value an honest politician, someone with a proven voting record, and an understanding of economics. You are free to ignore him... but the only reason you would ask for someone's ideas not to be presented would be based out of fear.

That's one of the reasons this country is on the way down... there's no discourse other than the two sides brought up by the leaders of the two major parties. They wish to exclude ideas from the debate because ideas will affect their power. If they are the sole provider of the "truth", they control the public discourse, they control the people.
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