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Ron Paul Talks Economy, 2012 Campaign In Exclusive Patch Interview

Ron Paul

First Posted: 08/19/11 04:17 PM ET Updated: 10/19/11 06:12 AM ET

Patch.com:

Doctor No wants you to say, “Yes,” and join him on the road to the White House.

Emerging from Cotton, a Manchester restaurant where he dined Thursday with friends and at least one major Tim Pawlenty supporter looking for a new candidate, U.S. Rep. Ron Paul invited Patch to join him on the road to a house party in Amherst.

Read the whole story: Patch.com

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Doctor No wants you to say, “Yes,” and join him on the road to the White House. Emerging from Cotton, a Manchester restaurant where he dined Thursday with friends and at least one major Tim Paw...
Doctor No wants you to say, “Yes,” and join him on the road to the White House. Emerging from Cotton, a Manchester restaurant where he dined Thursday with friends and at least one major Tim Paw...
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COMMUNITY PUNDITS
vippy 08:22 PM on 08/20/2011
Think for a minute, the federal government is broke and they won't be sending the money to the states, the states now are deep doo-doo and you can expect a lot of layoffs coming with the new 2012/3 Fiscal Year and that will really top everything so far.  You saw the announcement of the BoA who will let 10,000 employees go, lots of people will lose their jobs because of the domino effect.  Today's  Read More...
04:31 PM on 08/29/2011
Ron Paul might be old, but his memory is better than the rest of them. He can remember his stance on issues 20 years ago. He hasn't changed his tune to please anybody. No wonder they call a nut!
08:39 PM on 08/22/2011
America, DO NOT believe everything you hear.
The economy is bad ALL OVER THE WORLD and this is going to make it harder for America to get back on her feet BUT not impossible.
HUFFPOST PUNDIT
vippy
Carpe Diem!
12:22 PM on 08/21/2011
I was surprised to hear Greenspan say that the US can never be bankrupt for we can print more money!
But money has no value when no one wants to accept it!  I do know that the budgets for 2012/13 are cut drastically and lots of layoffs are looming and that will have a dire effect on the rest of the economy.  
Ron Paul sounds the best, but he is being ignored by the media, he won the NH straw poll, but can a loner accomplish anything with this corrupt congress?  Obama sounded the best, too, and then he got into office and he did not come through not even with one of his promises on the campaign trail.  
Think we are stuck!  I just wonder, just why did they plan this and where are they taken us?
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03:58 AM on 08/27/2011
I agree, Ron Paul is the guy who is on to this stuff. The smartest and most common sense guy out there. Handling the money is serious business, and this guy is the only serious candidate and should without a doubt be the next President,
10:36 AM on 08/21/2011
Ron Paul gives straignt forward solutions while everyone else plays blame games and sidesteps the issues... Dr. Paul part of your solution can be www.Gravitair.com...
09:47 AM on 08/21/2011
The invisible man of republican politics is riding high, the stooges that the media and the republican elites would love to be leading the way are looking decidedly dodgy. Bachmann cant lie straight in bed let alone hold a truthful interview, Rick perry has the intellect of a punchdrunk heavyweight whos most outstanding contribution to politics is nice hair. huntsman has a dire need of an injection of personality. Palin joining the race makes the event more of a circus than an election. Its hard to find a serious politician to test Paul. But since when has the republican party ever worried about a serious politician. Not in my generation.
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Peguy
08:07 AM on 08/21/2011
While there are bits and pieces of what Ron Paul advocates that appeals to individuals, a lot of people fail to take in his full dialogue and think it through to it's final destination. It is almost as though one would have to do a movie of what the country would look like after Ron Paul had finished his plan, and it would in no way resemble what a lot of his followers imagine.

You cannot "just" pick and choose from his agendas... he would like to enact them all. For those conservatives that think he is "one of you" - he is a far different politician and thinker then you are, you need to get a list of his ideas, write them down - look at them all and think about how they would really effect your life and the lives of those around you. It is one thing to like the idea of "stopping the wars", it is another to like dismantling the "EPA"... that gets to not having control over the clean water we drink. Dismantling regulations can mean not being able to depend on the foods we buy in the supermarket not to have food poisoning (even to the extent that they do now) - it can mean that there is no government regulation to force them to take poisoned food off the shelves.
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06:06 AM on 08/21/2011
Is he predicting hyperinflation by 2010 like Peter Schiff? LOL. Too bad he doesn't take a macroeconomics course at his local community college to get a clue. Then maybe he could come to understand the liquidity trap and why inflation is so tame. Just look at bond yields. No bond vigilantes yet.
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HUFFPOST SUPER USER
Michael Ruiz
02:57 AM on 08/21/2011
Ron has been Warning us of the consequences of the Spending and Debt habits this Country has been undertaking for 30 years. His Economic predictions are spot on. In 2002 he was the only congressman making speeches on the House floor Warning of the collapse of the Housing bubble and the inevitable failure of Fannie and Freddie. His speech was almost literally word for word to what transpired into reality 6 years later. Why can't Democrats and Republicans appreciate this. Here's a man who is fighting a Banking Cartel that has absolute control over our money supply with no oversight, he voted against the Wars, Against the Patriot Act, Against tax payer money going to Wall Street, He's against the War on Drugs, He votes everytime in accordance with the constitution. He doesn't want regulations because most are written by lobbyist and past by corrupt politicians. The Regulations end up doing more harm than good. It just amazes me how much the corporations have been able to indoctrinate Americans into believing that Ron Paul is not a viable candidate.
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carburetor
Because money isn't everything!
04:56 AM on 08/21/2011
As a Democrat, I can appreciate what Ron Paul has brought to our attention. It would seem that some Republicans are paying attention to his message as well. He doesn't have mainstream support from the GOP, which is currently leaning so far to the right that it's in danger of tipping over. I would concede that Ron Paul could attract votes from some Democrats, particularly Southern Democrats who would find him a good fit in many ways. The problem for Dr. Paul is that neither camp will get behind him. For all of his good ideas, he has some that are a little off the wall. I'm sure that you know what I mean. Both camps would be smart to study Ron Paul's words and absorb his best ideas (even if ony a few) into a viable candidate. The Obama campaign would be making a mistake not to.
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had410
another veteran voting for Ron Paul
12:54 PM on 08/28/2011
So are you saying we shouldn't vote for the man with the idea's, and understands them and believes in them heart and soul. And we should vote for the candidate that steals his ideas for the sole reason to get elected.If you follow this logic, you deserve what you get! (more of the same)
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Jeffin90019
Independent, occasional absolutist
01:58 AM on 08/21/2011
Ron, Ron, Ron...I read the article and get sucked in....and then the built-in libertarian kook-ism kicks in when you talks about getting rid of regulations. The absence of regulations is what caused the financial crisis. America needs a well-regulated business environment for the good of the entire economy. When businesses are allowed to run amok, they do things like bundle shady mortgages into debt "products" and sell then to suckers with an S&P blessing.
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Michael Ruiz
03:00 AM on 08/21/2011
I think it is the very essence of Regulations that caused the financial crises, As were finding out now it was the SEC regulatory body that was responsible for covering up of most crimes on Wall street.
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HUFFPOST SUPER USER
Ebay Seller Len
05:53 AM on 08/21/2011
The SEC did not cause the financial crisis.
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11:24 PM on 08/23/2011
It took people ignoring the regulations to make the crisis possible. the regulatory agencies are staffed by ex-wall streeters who have virtually no interest in compliance. They are more interested in letting the market place "do it's thing" than protecting the companies, consumers and long-term investors who get screwed by those who sell and buy like a crack addict.

Putting stock out was a means for raising capital, now it's all about making money not for the corporations, but the finance industry enriching themselves with high short term gains.

We have to have regulations, because if we don't, all aspects of the marketplace regresses back to it's basest instincts. If you're in favor of that, then I also suggest that you lobby for the elimination of the FDIC and NCUA. Those would be the people who protect your bank accounts.
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bamacre
This micro-bio pending approval
09:06 AM on 08/21/2011
A lack of regulation of the financial industry is not what causes economic bubbles, bubbles are created by artificially low interest rates, easy credit, the artificial increase in the money supply. There is a huge motivation to hide this fact, as it is described by Austrian Business Cycle Theory. Keynesians don't like this theory, so they aren't taught it, they ignore it, and just plain say "it's not true." Why? Because acceptance of this theory means they have to get rid of their fiat paper money, get rid of their beloved Federal Reserve, fractional reserve banking, and money multiplier. And all those folks like Krugman have to go back to school and re-learn economics because everything they've been taught is wrong. But the facts speak for themselves. The Federal Reserve increased the money supply by 70% in the 20's, creating a big boom, the Roaring 20's, which of course led to a huge crash, the beginning of the Great Depression. What did Greenspan do after the dot com bubble crashed? Dropped interest rates low, held them there, and expanded the money supply more than at any time in the history of the US, and all central banks followed his lead, and in doing so, they fueled a massive housing bubble. You know the rest.

A good watch...
http://www.youtube.com/watch?v=jj8rMwdQf6k
A good read...
http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html
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Jeffin90019
Independent, occasional absolutist
02:32 PM on 08/21/2011
That was a very interesting summary of the situation, and I understand what you mean. Perhaps I'm too much of a social liberal, and it interferes with my basic fiscal conservatism, but it has been demonstrated that businesses cannot be counted on to do the right thing in terms of wages, working conditions, job exporting, workplace safety, and many other issues that are of vital importance to American workers. With that in mind, it seems that regulations perform an important role.
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Lahonda
Bynocent Instander
12:55 AM on 08/21/2011
Dr. Paul, you're not unwinding a clock, you're unwinding a society.

There are two ways to do that. One of them doesn't require as much pain as you're suggesting.

And please don't get hung out there as the goat of the GOP, like John McCain did. We all respect you more than that.
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Lahonda
Bynocent Instander
12:20 AM on 08/21/2011
This is my community:

http://www.youtube.com/watch?v=9vZOtJhfwrY

Thanks Mr. president
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Lahonda
Bynocent Instander
12:41 AM on 08/21/2011
Who's the Republican delivering this speech in South Carolina in five short months?

http://www.youtube.com/watch?v=ol1Vpznejyo

America, wake up... it was only two and a half years ago that you were at rock bottom. Everyone grab a rope and pull!
Javalation
Laughing in a Daydream
11:14 PM on 08/20/2011
Of course its gonna get worse and there isn't a thing Ron Paul could do about it if elected. As a matter of fact, his plan would be to go for a world wide rock bottom to start over with an 18th century monetary system. More likely dictators would emerge to replace the republics, as was the case in Athens, Rome and nearly everywhere when the old world view fails.
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HUFFPOST SUPER USER
Sisa
11:05 PM on 08/20/2011
Hey Ron ... It doesn't make you a proffet if you tell me I'm going to take a great fall right before you trip me... In this case it makes you a co-conspirator ... So now what does the GOP have in store for the middle class (a.k.a. America) in their agenda to destroy the economy? More fear and panic on wall street? The economy was just beginning to get up off of the canvass when you stepped on it's back with the debt ceiling debacle. The GOP has succeed where a l - q u a e d a has failed in attacking our financial district.
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HUFFPOST SUPER USER
USMCR
Re-elect NO ONE ! !
10:58 PM on 08/20/2011
You live in a town called America. Money started getting tight and everyone who lives in your town drives 100 miles away to buy EVERYTHING. There are no jobs anymore in America because all of the shops and businesses closed.

And if that isn't bad enough the mayor and the rest of the city council have been ripping off the cities coffers for years and borrowing money from the banks in the town 100 miles away, using your cities property for collateral.

The town cop is just as crooked and hasn't even investigated anyone.

Your city now owes more than its shrinking economy can generate in a year and the lenders are going to jackup your ALREADY outrageous interest payments.

Your home and the city is now closed and for sale at garage sale prices. But the city council will still retire with benefits..
Javalation
Laughing in a Daydream
11:08 PM on 08/20/2011
Boy, I'm glad I don't live in that comic book bizarro town.
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HUFFPOST SUPER USER
USMCR
Re-elect NO ONE ! !
11:23 PM on 08/20/2011
retracted
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HUFFPOST SUPER USER
Querent
I just had to say that.
02:42 AM on 08/21/2011
That town is called America.
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Lahonda
Bynocent Instander
12:14 AM on 08/21/2011
...but the local Red Cross still served, schools still opened, power stayed on and sometimes firemen still volunteered.

Sometimes a community needs to see beyond "a town." Hillary Clinton wrote a wee comment on that... "It Takes a Village"
10:27 PM on 08/20/2011
These straw polls mean nothing. The GOP has yet to produce a viable candidate that can win a national election and Paul isn't the one. The far out, radical politivangelists are driving away the independent voters and they have captured the GOP and America is not going to put the fringe in control of our nation.