An interview with Ron Paul: Expects 'top three' finish at Ames

NBC campaign embed Anthony Terrell sat down with presidential candidate Ron Paul today in Iowa. (Video to come.)

Paul said that he expects to finish "in the top three" at the Ames Straw poll, after telling the Des Moines Register he'd be "saddened" by less.

And he said he doubted on the Aug. 2nd deadline set by the Treasury, saying the Federal Reserve had printed money to bail out other countries - "Don’t you think they could have found a little credit here and there to tide the Treasury over?"

TERRELL: You said you’d be rather saddened if you didn’t finish in the top three at Ames. What do you expect, what’s a good finish for you this time?

PAUL: Well, in the top three. That’s what I would hope to do and I expect to do it, but, we don’t know exactly. Nobody knows. Things are going well, so I expect us to do well.

TERRELL: You have said that young people know they will inherit the debt, how do you plan on getting them to turn out for you in the Iowa caucuses this year?

PAUL: Well, it’s a little difficult when they’re not in college, because when I come here and they're in college, we get good crowds out. But you know still, in a crowd like we had today, there are a lot of young people there, and they’re energized more so, and a lot on our mailing list, so we do it through emails and direct phone calling.

TERRELL: You are considered the Godfather of the Tea Party movement; you had this huge movement in 2007-2008; many people missed it, in the mainstream media as well. This primary, there are other candidates who are claiming they have Tea Party support as well; how will you convince those voters, who the other candidates claim are Tea Party types, to come back and vote for you in Ames and then follow through and vote for you as well in Iowa?

PAUL: I don’t look at that as a project; I just have to keep doing what I’m doing. History, you know, will bear me out, that when it all started. But, I don’t like to be claiming too much, and I don’t think others should as well. I think the people can sort that out.

TERRELL: So, how will you convince them, say, this candidate or that candidate doesn’t share the same values as I do and you should vote for me instead?

PAUL: The only way I can do is counteract it with my beliefs, and today in that talk I gave today I explicitly explained my position on foreign policy, monetary policy, the Patriot Act, personal liberties, and it’s different than the other candidates. I think most people will come to realize they’re closer to the establishment; they’re closer to the status quo and neo-conservatism.

TERRELL: Final question for you – you said the August 2nd date was an "artificial" date, that these guys just wanted to get on their "junkets." Was that a date created by the Treasury officials, or by the Obama administration; what made you think that date (August 2) was an arbitrary date?

PAUL: Well, it was created by the Treasury. I think it was created because that was nearing the date nearing when we were going to adjourn for the summer. But there’s nothing magic about tomorrow or the next day, where they couldn’t have written some checks. They bent the rules already; they’re about $75 billion over the actual debt limit, so they say move this money around here. Just think what the fed has done. They’ve spent these trillions of dollars bailing out other countries; don’t you think they could have found a little credit here and there to tide the Treasury over? So, it’s really just a distraction more than anything else.

Discuss this post

Hope for a third party candidacy from the right.

  • 4 votes
Reply#1 - Tue Aug 2, 2011 5:27 PM EDT

Hope for a third party candidacy from the right.

That is one of the most accurate assesments of Obama's chances I've seen from a liberal.

Problem is ......... it ain't gonna happen this time.

The stakes are too high.

This is not simply about debt ceilings, over spending, tax rates, entitlement programs or Navy's uteruses.

Obama said that he would transform America. Few understood that meant destroying America to rebuild it in his vision.

Obama was graded left of an admitted socialist as a Senator in 2007. He lied about being a centrist and was elected. He has governed left of most socialist and communist states. Communist China is literally more friendly to American business than Obama. Obama's own job czar literally keeps moving his companies over there.

There is no excuse for this pathetic recovery. There is no excuse for destroying the life blood to our economy - our energy industry, especially when we are the richest country in the world with regard to natural resources. There is no excuse for the destruction of the value of the dollar and the inflated food and gas prices. There is no excuse for the crippling over regulation just to establish the power of the federal government. There is no excuse for Obama's reckless disregard to job creation.

There is no excuse for a government that needlessly threatens its elderly. How dispicable.

A second term for Obama is an existential threat to America.

Conservatives understand this ...... there may be a manufactured candidate propped up and pushed forward by the liberal media, but there will be no serious third party, no tea party split .......they understand how high the stakes are.

  • 4 votes
#1.1 - Tue Aug 2, 2011 6:22 PM EDT

Well. Needless to say, we disagree.

I'm hopeless, remember?

  • 1 vote
#1.2 - Tue Aug 2, 2011 9:56 PM EDT

Bob,

You say,"A second term for Obama is an existential threat to America." What do you mean by the term "existensial"?

    #1.3 - Tue Aug 2, 2011 10:06 PM EDT

    I couldn't agree with you more Bob.

    But it isn't just President Obama that is taking us down the path to socialism. That is the mantra of the democratic party and has been for quite some time.

    They want to run every facet of every aspect of our personal lives. They pass bills that have put so much restrictive burden on business that we almost have no manufacturing in this country.

    The only difference now is that they finally have thier puppet in the W.H. to speed things along. This country is going to have to wake up and vote out democrats quickly or we may as well change the name of this country to: The United Socialists States of America.

    • 1 vote
    #1.4 - Tue Aug 2, 2011 10:46 PM EDT
    Reply

    No, Mr. Paul, I don't think the Federal Reserve has spent money. I think Congress appropriated the funds for the other countries. Who's the " they" of whom you speak? For weeks its been hammered home for any listening that spending bills must come from the house & now you are trying to say the Fed can spend willy nilly? Please don't insult us.

    I agree, Anna Molly.

    • 5 votes
    Reply#2 - Tue Aug 2, 2011 5:42 PM EDT

    Check this out. Enjoy.

      #2.1 - Tue Aug 2, 2011 6:03 PM EDT

      @ Deb C-1357798

      Yes, Congress is tasked constitutionally to write the spending bills but the Federal Reserve is not Federal and not a reserve, it is a privately held bank that prints money out of thin air to loan to the US. Because of the partial audit as a result of Dr. Paul's bill in Congress the Fed not only bailed out foreign Central Banks, which in turn took the money and funded their own banks. It turns out that was only half the story: we now know the Fed also acted in a secondary bail out capacity, providing over $350 billion in short term funding exclusively to 35 foreign banks, of which the biggest beneficiaries were UBS, Dexia and BNP. Since the funding provided was in the form of ultra-short maturity commercial paper it was essentially equivalent to cash funding. In other words, between October 27, 2008 and August 6, 2009, the Fed spent $350 billion in taxpayer funds to save 35 foreign banks.

      Please educate yourself in economics before addressing subjects you are not well informed of. See and check out mises.org for some learning...

      Dr. Paul is absolutley spot on regarding economics. See

      • 2 votes
      #2.2 - Tue Aug 2, 2011 6:56 PM EDT
      Reply

      That is probably the only way, at present, that Obama could be re-elected.

      • 2 votes
      #3 - Tue Aug 2, 2011 5:44 PM EDT

      You no doubt disagree, but at least for now, that beats the alternative, as far as I'm concerned.

      • 5 votes
      #3.1 - Tue Aug 2, 2011 5:52 PM EDT

      Why AM?

      You do not appear to be a particularly big Obama supporter. Believe me, I understand. Bush in the las couple of years was a beating.

      So why not primary the guy? Given the economy and particularly how the press is starting to go at him, he has little chance of re-election.

      After Bush and now Obama, a mice moderate democrat might be nice.

      Do any exist that would be viable? The democratic party is tough in light of it's diversity of interest.

      • 2 votes
      #3.2 - Tue Aug 2, 2011 6:00 PM EDT

      Anna -

      I think that the current crop of repubs certainly leaves something to be desired, but Obama has been a failure to date. I'd like to see Hillary challenge him. Maybe it would light a fire under him. It sure would be good political theater.

      I am concerned that no matter who wins that the country is in trouble.

      • 4 votes
      #3.3 - Tue Aug 2, 2011 6:08 PM EDT

      Spanky-

      After Bush and now Obama, a mice moderate democrat might be nice.

      Do any exist that would be viable? The democratic party is tough in light of it's diversity of interest.

      _______________________________________________________________________________________________

      The two parties are so radicalized right now that the closest thing to a "moderate" democrat is probably the "real" John Huntsman (and he's also a mouse!); It's why the MSM keeps pushing his viability as a candidate when he has less chance of being the nominee than...Lincoln...Ol' Abe would probably be a moderate democrat today. Goldwater and Nixon would be LIBERALS by today's republican standards...

      ___________________________________________________________

      why not primary the guy?...

      Reagan did it to President Ford. Teddy Kennedy did it to President Carter.

      How did those elections turn out for the incumbent?

      Asked and answered...:)

      • 3 votes
      #3.4 - Tue Aug 2, 2011 6:09 PM EDT

      I think Hillary is the only one that could and would beat him, but at what cost to the party? Where has she been lately anyway? Hiding out and waiting for 2016?

      • 1 vote
      #3.5 - Tue Aug 2, 2011 6:15 PM EDT

      kirby in idaho..

      Hillary would be a much better choice than Obama...hands down.

      She is one tough lady and a top notch executive...decision maker.

      There is no way the TP doubles down on her.

      She said she would not run....I believe her.

      She's an old school Democrat and would never challenge a sitting President in a primary.

      Too bad.

      • 4 votes
      #3.6 - Tue Aug 2, 2011 6:21 PM EDT

      Dear Republican, Tea party posters. Ony in your Dreams! Obama will be our candidate for 2012 .You all are stuck with your cast of characters. Good luck to you all.:)

        #3.7 - Tue Aug 2, 2011 6:23 PM EDT

        Sadly, although it was a typo [I know, from me, shocking] it does seem to fit the libbie narrative.

        So many times now Obama did the exact opposite of what his supposrters wanted, and without fail it was because:

        1. He had no choice;

        2. Was forced to by the republicans;

        3. did it for the hostages;

        4. You can't negotiate with terrorists.

        And on and on. So it seems to me that so many of the libbies view their candidate and lot in life as big as powerless as a mouse.

        Me, I see the President, the big cheese, the dude who stops the buck. He's the guy with all the power. He has to sign all the crap, or not. So how on earth can he be a puppet of the gop?

        How can he be under the control of just 60 freshman congressmen? An if that is true, why on earth would any right minded libbie want him as their guy?

        I think it goes without saying that Hillary has a way bigger pair than Obama. An some experience, at least through osmosis.

        AM - why not a lovely challenge? Not a whack job like Sanders, or a re-tread like Finegold, but a legit contender.

        If one exists, that is.

        Oh and I am dictating a complaint so no proofreading for the rest of the day.

        • 2 votes
        #3.8 - Tue Aug 2, 2011 6:23 PM EDT

        Irafeistyanna -

        I like Hillary in certain respects. She is a defense hawk, but she is still too "big gov". Having said that, she would be an improvement. Plus she already knows her way around the White House.

        • 4 votes
        #3.9 - Tue Aug 2, 2011 6:24 PM EDT

        You all are stuck with your cast of characters

        Personally, I can't wait until they have to go on record and defend their choice of candidate...

        I've got plenty of *popcorn* ;o)

        • 5 votes
        #3.10 - Tue Aug 2, 2011 6:28 PM EDT

        You just wish the democrats would start in-fighting.

        No we didn't elected some far out left wing beer party crazies to be in our congress, so democrats are good.

        The conservatives have been pushing the let's primary Obama all week. Quit dreaming, not going to happen. Especially not on the recommendation of conservatives.

        You really misjudge us, we are not as dumb as the average faux viewer.

        • 5 votes
        #3.12 - Tue Aug 2, 2011 6:30 PM EDT

        Dumb as the average MSNBC viewer?

        But hey, as long as American First speaks for all in liibie-dom everyone cool.

        Oddly enough though is sounds as though that just might no be the case. You know, I have to ask: was that Satan Sandwich cooked up by Obama, or was he just the waiter?

        Hey American how is it you know that you are smarter than a "faux" viewer? What is the measure my man?

        • 1 vote
        #3.14 - Tue Aug 2, 2011 7:02 PM EDT

        For one I know faux is censored news. You get half the story with fear or emotionalism whichever fits the best at the time. You know whatever talking point propaganda they are pushing that day. The one they say over and over and the conservatives repeat them here daily.

        Just because a lie is repeated over and over by some of the posters after they have been proven to be made up stories, makes me think that you believe if you repeat a lie enough times, we will suddenly believe.

        The problem with the new republican everything to protect the rich party, the rich are what 2% of our population and they have to convince a lot of suckers to agree to destroy our country for the rich.

        Faux is their propaganda machine along with various right-wing radio haters.

        I don't believe the republican lies, therefore I am smarter than the average faux viewer.

        • 3 votes
        #3.15 - Tue Aug 2, 2011 8:04 PM EDT

        NorthstarDFL

        Dear Republican, Tea party posters. Ony in your Dreams! Obama will be our candidate for 2012 .You all are stuck with your cast of characters. Good luck to you all.:)

        Whatever you libbies do Northstar, please do nothing to hamper his attempt to run in 2012. So far he's been a great supporter of Republican causes. Unfortunately, this latest crisis didn't end on a note that was good for America, but the situation can be changed under the next President. Now didn't Obama once state to a reporter at a liberal meeting that he wouldn't care if he wasn't re-elected?

        But not to worry, someone once asked which Republican would be the challenger to the president. The answer is ABO. That's anybody but O.

          #3.16 - Tue Aug 2, 2011 8:46 PM EDT

          Hunky, so your vote will be really not for the person you vote for, but a protest vote. Been there ,done that.

          Your choice. Even better just write in a name, any name. In MN ,we had two recounts recently. One person in both elections wrote in Lizard man, at least that voter was consistent.

            #3.17 - Tue Aug 2, 2011 9:13 PM EDT

            Whatever you libbies do Northstar, please do nothing to hamper his attempt to run in 2012.

            safecracker & what ever else you're calling yourself these days - STFU! amd do us all a HUGE favor! Will ya?

            You of all people have to remember me? I took YOU & all of your alternative friends down... ;o)

            • 1 vote
            #3.18 - Tue Aug 2, 2011 9:16 PM EDT

            For those who are confused, I meant a republican third party challenger ... like Ron Paul running as a libertarian. NOT a democratic challenger from the right, like Hillary Clinton (although, I would challenge whether she is to the right of the President Obama we are seeing now).

            bob certainly understood why I said that. Sorry if I confused anyone else.

              #3.19 - Tue Aug 2, 2011 9:58 PM EDT

              NorthstarDFL

              Hunky, so your vote will be really not for the person you vote for, but a protest vote. Been there ,done that.

              Nope Northstar, my vote will be for someone who will present my ideals in a President. Never voted a protest vote and never will. I'll vote for the best person to beat the current leader of this administration.

              Feisty Redhead from Rosells IL,

              safecracker & what ever else you're calling yourself these days - STFU! amd do us all a HUGE favor! Will ya?

              You of all people have to remember me? I took YOU & all of your alternative friends down... ;o)

              My what a way you have with words - STFU? But then again, that's not much compared to what attacks you've presented to others. Don't like my comments - hit the ignore button. Give us all a break and be civil.

              • 1 vote
              #3.20 - Tue Aug 2, 2011 10:11 PM EDT

              Anna, I was not confused. Your post was clear. I think people were just engaged in wishful thinking. And egging on the Democrats.

              by the way, Saw some footage of a rally about the upcommig Wi election. The newscaster said the polls look good for the Democratic candidates.

              • 2 votes
              #3.21 - Tue Aug 2, 2011 10:11 PM EDT

              Yes, but anxiety runs as high as the stakes. Imagine the outcome, either way.

              • 1 vote
              #3.22 - Tue Aug 2, 2011 10:58 PM EDT

              Gee, yeah, can't we do better than the guy who (finally) executed Osama bin Laden and revealed Pakistan's complicity in sheltering him? Can't we do better than the guy who saved the American automobile industry and related jobs? Can't we do bettter than the guy who signed a historic Healthcare Reform bill that shaved $130 billion dollars of the federal deficit over its first ten years, and gets almost everyone in America covered by health insurance? Can't we do better than that reasonable, rational, articulate, optimistic and decent fellow who navigated our way out of the worst recession since the 1930s? I mean really, can't we do better?

                #3.23 - Wed Aug 3, 2011 1:25 PM EDT

                Ay B. You mean the torture guy? Yeah. We can do better than the guy who continue the tortures. We can do better than the guy who swore to close Guantanamo at every stop on the campaign trail. The guy who continues to support kidnap renditions around the world? The guy who would enslave the individuals of the world for his bankster friends by throwing trillions of dollars at them? The guy who has cops feeling up little girls and incontinent old ladies at airports. The guy in bed with all the corrupt union officials. Yeah. We can do better.

                Ron Paul -Truth, Justice and the American way.

                  #3.24 - Fri Aug 5, 2011 12:29 AM EDT
                  Reply

                  Just a bit of hypocrisy from Mr. Paul--the man who rants about the Treasury just printing money now thinks it would have been fine. Nonsense, printing money would cause even higher prices and that means inflation added to the pile of woes.

                  • 3 votes
                  Reply#4 - Tue Aug 2, 2011 5:53 PM EDT

                  Ron Paul was using sarcasm.

                    #4.1 - Wed Aug 3, 2011 5:06 AM EDT
                    Reply

                    @Deb C - Please read the GAO audit of the Federal Reserve. "They" bailed out foreign and US banks to the tune of $16 trillion. "They" had no problem "loaning" that money out then, but couldn't do anything for the Treasury? That's Dr. Paul's point.

                    • 1 vote
                    Reply#5 - Tue Aug 2, 2011 5:56 PM EDT

                    Deb,

                    "They" are everyone who has voted to raise the debt ceiling. And "they" are the individuals who continue to spend as if we weren't in a recession. "They" are the individuals who have no respect for The Constitution and who continue to forget what was written in it. If you read the Federalist Papers, you would find that a vast majority of fears Mr. Jay, Mr. Madison, and Mr. Hamilton had shared are coming true.

                    Government grows because men desire power and money. Average people suffer because of a lack of those two things.

                    The problem with our country right now is entitlement. The government has garnered a great amount of power over the population through entitlement programs. And they know that taking them trimming them away would cause them to lose great power and even worse, lots of money.

                      Reply#6 - Tue Aug 2, 2011 5:56 PM EDT

                      I have been complaining about the lack of respect for the constitution too and the founding father set up a church/state separation. Then the republicans started courting the religious right and now just about all our republican presidential candidates were chosen by God by phone or e-mail or maybe twitter.

                      What happen to the separation they speak of in our constitution?

                      • 4 votes
                      #6.1 - Tue Aug 2, 2011 6:41 PM EDT

                      Based on that theory then Obama should resign as he has said he is a Christian. And he had a prayer breakfast not so very long ago.

                      You are riding that poor little pony to death.

                        #6.2 - Tue Aug 2, 2011 7:05 PM EDT
                        Reply

                        The treasury does not print money. It's the Federal Reserve.

                        Also, Dr Paul is saying that they were already printing trillions of dollars to bail out foreign banks. He's trying to show the hypocrisy in the whole debate.

                        • 1 vote
                        Reply#7 - Tue Aug 2, 2011 6:00 PM EDT

                        No, Deb, congress did not "appropriate funds for other countries". The "they" of whom Dr. Paul is speaking is the Federal Reserve Board of Directors, one of the most secretive and powerful groups on the planet. Why are they so powerful? Because they have the legal license to create unlimited amounts of money, backed only by the promise of the future labor of generations of Americans yet unborn, that they may loan to whomever they so wish.

                        Don't believe me though, educate yourself: www.businessinsider.com/feds-16-trillion-dollar-secret-slush-fund-props-up-our-way-of-life-2011-7

                        • 1 vote
                        Reply#8 - Tue Aug 2, 2011 6:08 PM EDT

                        I know they are so secretive that you got the name wrong. The Federal Reserve Board of Directors are all the directors of the smaller federal banks (9 for each bank) and answer to the Federal Reserve Board of Governors of which there is 7 seats.

                        The 7 seats make up the Federal Reserve Board of Governors and from what I read they can loan money but not give money to anyone. Like a bank. There is international lending to other banks. Of their duties nothing about being able to print money.

                        Our country gives a lot of money to foreign countries. I object especially when we here are to make cuts and then send money to counties that hate us like Pakistan and Afghanistan. These are all voted on by our congress and what I could find there is no Board of Directors printing and handling out 16 Trillion Dollars.

                        Once again another boogyman while ignoring that the rich are trying to take everything right now with there never raising taxes on the rich again plan.

                        • 1 vote
                        #8.1 - Tue Aug 2, 2011 7:31 PM EDT
                        Reply

                        No one really touched on this. But the problem isn't the man or the politicians. It's the philosophy behind the government. This election isn't going to be an election for jobs, the economy, or some social issue. It's going to be a philosophy behind governmnet.

                        People hate Obama, but he's only doing what Johnson, Nixon, Ford Reagan, Bush, Clinton, and G.W. did. Grew government. And for so long big government was making all these great promises and had the fed to print out money - so all was good. Now, everything has changed and Keynesian Economics has shown it's true colors.

                        it doesnt matter if its warfare, or welfare, bailouts, or religious/social issues, drugs or homeland security - they all take away your freedoms and liberties. You bicker amongst yourselves - but the real loser will always be you. Any time a figure of authority says "you must pay your part; you must close off your mind; you must respect authority; you must trust that we know what we are doing." - any time you shut down your own common sense or have faith in politicians rather then in your own judgment, you lose.

                        You are cowards and forcing yourself to choose between to unneccessary evils because you believe that things will be "too bad" unless government is there to protect us. Who has the courage to stand up for real principles, for the constitution of this country - does anyone remember it. No....because we like patriot acts and debt-ceiling super congresses, and bailouts.

                        We are so comfortable that we are afraid to stand for anything. Well...except for ourselves. Love, happiness, morality, principle - nope, the most we stand for is a few more dinners at applebees and something new on the television.

                        Eventually though, this will change. Either we will gain our republic back or become straight socialist (because the government does a great job at both resticting your rights and blaming others for it's failures) - oil companies, wall street, banks, and businesses - could never, ever do what they have done without the ties to government. It is the government that is the catalyst for their success - not the other way around. Unfortunately, like a woman who is pissed off that her husband has been cheating on her - sometimes the woman blames the other woman rather than the husband. I hope in the future people open their eyes to see that the problem is government and government alone.

                        • 2 votes
                        Reply#9 - Tue Aug 2, 2011 7:27 PM EDT

                        I can see you have the lets go back to the robber baron days. With no regulations and the rich corporation can spew waste and destroy as much as they want. Who needs clean air and water?

                        Somehow quite by accident, never raising taxes on the richest in America again just happens to be the way to reach this holy grail of smaller government.

                        You need to open your eyes and realize you are being played by the rich.

                        • 2 votes
                        #9.1 - Tue Aug 2, 2011 9:23 PM EDT
                        Reply

                        if you want to pressure President Obama

                        help elevate the honest man in the GOP

                        .. then we can all really have it out ..

                        • 2 votes
                        Reply#10 - Tue Aug 2, 2011 7:30 PM EDT

                        A third party attempt is much more likely than primarying Obama. If anyone electable is the chosen GOP shill, there will be a TEA challenge as a third party. They are too full of themselves right now. They will not be able to resist running a third party candidate if they can't fully hold sway over the anointing. It MUST be one of "their" guys. Hubris? You Bethcha!

                        No matter. Obama wins either way as I'm sure there is plenty more GOP/teapeople butt baring intrangency between now and the election. America will be good and fed up with the congressional constipation by then and the fiber that binds the country on knots will be face a keopectate flush of votes for a new Democratic era!

                        If only the masses remember all the little insults this process has revealed. So much manipulation, misdirection and a dimunation of our American way of life. Americans used to CARE for one another! American businesses used to take care of their employees and their customers; not so much these days. America used to be viewed and the worlds gold standard of caring. Now we are a lauging stock and getting worse.

                        Some one once said "A house divided against itself shall not stand." We have been collectively herded to the point of hatred for other Americans who make less than $250,000.00 annually, who are at the beginning or end of life and God forbid if anyone sick needs healthcare. When did we bcome so heartless?

                        • 2 votes
                        Reply#11 - Tue Aug 2, 2011 10:22 PM EDT

                        While I appreciate your clarification about the name of the Board of Governors, you seem to miss the central issue which is that the Fed is able to "loan" out money that they essentially create on a computer.  Whether or not that meets your neat and tidy definition of "printing money" is irrelevant, as such unlimited credit creation will inevitably lead to all sorts of malinvestment and crony-ism, which is what we're really so upset about. 

                        It seems you either ignored the article I linked to or didn't find it worth considering, so I will try again.  You say those monies are appropriated by congress?  Bernie Sanders disagrees:

                        The Fed acts in secret, bailing out whomever they wish whenever they wish.  In short, they've rigged the game.

                          Reply#12 - Tue Aug 2, 2011 11:01 PM EDT

                          While I appreciate your clarification about the name of the Board of Governors, you seem to miss the central issue which is that the Fed is able to "loan" out money that they essentially create on a computer.  Whether or not that meets your neat and tidy definition of "printing money" is irrelevant, as such unlimited credit creation will inevitably lead to all sorts of malinvestment and crony-ism, which is what we're really so upset about. 

                          It seems you either ignored the article I linked to or didn't find it worth considering, so I will try again.  You say those monies are appropriated by congress?  Bernie Sanders disagrees:

                          The Fed acts in secret, bailing out whomever they wish whenever they wish.  In short, they've rigged the game.

                            Reply#13 - Tue Aug 2, 2011 11:04 PM EDT

                            Here is the Bernie Sanders link I intended to include in the last post: sanders.senate.gov/newsroom/news/?id=9E2A4EA8-6E73-4BE2-A753-62060DCBB3C3

                              Reply#14 - Tue Aug 2, 2011 11:08 PM EDT

                              Ron Paul is consistant and should be the next president.Everyone else running is just the same old crap that got us in the dept mess were in.

                                Reply#15 - Wed Aug 3, 2011 12:01 AM EDT

                                If the Election were held today, Paul would have my vote. And 2nd would be Bachman. But i fully expect Obama to get re-elected. Worthless Bush had 8 years to ruin OUR Country, why not Obama ? It's already too late for all of US anyway. Mark my words, this country is done.

                                  #15.1 - Wed Aug 3, 2011 8:05 AM EDT
                                  Reply

                                  God, I'm sick of the right wing crazies. I'm somewhere in the middle but learning to hate you guys. I think there will be huge political backlash from your "win". The debt is an enormous problem. Letting corporations make enormous profits and pay next to no taxes is a huge problem. Health care is a huge problem. This isn't simple. This "victory" of yours was disastrous. I totally agree with the long term goal. You're worse than religious zealots. Hell, most of you are religious zealots. I don't like the left wing crazies either, but you're the ones with the guns and the willingness to destroy our country to win your crusade.

                                  I think the tea party is going to be in serious trouble next time around. The economy is screwed, was on fire when Obama got it, he didn't help, and to quote used car salesman Boehner, he got 98% of what he wanted. I don't want to see the country go down but it's a consolation to know that it will be laid at the door of those most responsible. Of course, that won't be your spin.

                                  I'm sick of our politicians, and I'm sick of a lot of my fellow citizens. I tried to avoid these feelings for a long time. I'm done now. I can't even begin to describe the loathing I have for the rabid right. Please, please nominate Bachmann. For the record, I am not directing my comments towards conservatives who hold different views from me. I think they're as frightened by you nut bags as I am.

                                  • 2 votes
                                  Reply#16 - Wed Aug 3, 2011 12:10 AM EDT

                                  Just an observation....... The "FED"? Nothing federal about it! It's a nationalized private banking institution that is comprised of 1/3 American Banks, 1/3 Deutsche Bank and 1/3 Pacific Rim banks. We as a nation hold a minority interest in our own American Federal Reserve Bank. So, let's talk about captive fiscal policy......

                                  OK conspiracy theorists, have a field day with that little tidbit.

                                    Reply#17 - Wed Aug 3, 2011 6:19 AM EDT

                                    Your problem is everything you say is " I think ". You have no facts to back up your statements. The bottom line is ALL the Politicians in this entire Country have all of us right where they want us. Bickering amungst ourselves and taking sides just like them. All those Politicians in Washington and elsewhere have it made for life. Self given huge raises, lavish vacations, Multiple Homes and "Weekend Getaway retreats", retirement benefits that are out of this world and so on and so on. Every new election it's all promises and big talk from ALL of them.

                                    Just my opinion, but i fully expect a total colapse of the U.S. economy within a year. Not just a deep recession. We haven't had a GOOD President since Reagan.

                                      Reply#18 - Wed Aug 3, 2011 7:57 AM EDT

                                      All my fellow liberals,

                                      I am from Idaho, served in the military as an officer, and am an environmental engineer by trade. I voted for Obama, Kerry and Gore. I am not pleased with what is happening to the country I fought for and love. During my time in the military, which ended in 2008, I saw militarism, not defense. I saw the prolification of Pre-emtive war facilitated by both democrats and republicans. This is our foreign policy, and Obama is simply continuing the status quo. I continue to see runaway spending by government on rediculous things like " The War on Drugs" "The war on Terrorism" "The war on Poverty" and the "Financial Crisis" All of these "Wars" or "Crisis" cost us money and inflation is happening because of runaway spending. Just try to by a steak in the grocery store...or the fact the price of commodities have more than doubled. I have educated myself, and am still a "liberal" if we have to appelate ourselves, but there is one person who does speak the truth. There is one person who believes government shouldn't intervene in marriage, that is personal and of your church. There is one person who would never force beliefs on the American people through legislation. There is one person who understands that Economic strength comes from the millions of individual players, not Statism or government endorsed banks. I would only ask my fellow liberals to look at Ron Paul. Read about his policies, and don't write him off as a Bible pushing Tea Partier. He is so much more than that, and is perhaps the only candidate that will push the liberties of the constitution, the individual liberties to make good choices as well as bad choices. Please don't let MSNBC or Fox or anyone else tell you how to vote....just look at Dr. Paul, research what he is talking about and make up your own mind. I will not insult you if you don't vote for him, or deplore him, but give him a chance by ensuring you are as knowledgable as possible. Read about Keyenes, Hayek, Mises, and look at our current economic burst and bust credit cycles. Also check out "Ron Paul the master" on youtube. As a liberal, I am voting for him and hopefully the Peace, Liberty and Honest candidate prevails, for me that is Dr. Paul. RP 2012

                                        Reply#19 - Wed Aug 3, 2011 12:19 PM EDT

                                        Ron Paul can win. I hope he does.

                                          Reply#20 - Wed Aug 3, 2011 11:02 PM EDT

                                          The two parties have legislated the possibility of a third party run out. Too expensive just to get on the ballots of the 50 states.

                                          I am quoting Ron Paul, who tried it in 1988 "you have to be a billionaire like Ross Perot".

                                          Ron Paul knows economics like the back of his hand, warned about the housing bubble as early as 2001, and warned that the affordable housing goals of Fanni Mae would cause a credit crisis. He was still warning about those things during the primary debates of 2008. When the bubble burst revealing the subprime lending crisis as he predicted, he warned that no amount of stimulus would help the economy. $16 trillion later, Bernanke has some on the job training and should have taken a lesson from Paul.

                                          Paul studies Austrian economics instead of Keynesian. Keynesian basically says that gov't borrowing and spending help the economy. So when is that going to happen? Keynesian became popular over Austrian in the early 1900's because governments were already over spending and borrowing.

                                          It lubricates the war machine. Can you imaging the horrendous suffering we caused with shock and awe in Iraq, or even with the mistaken drone attacks, or other "collateral damage" which is still happening in Pakistan and Afghanistan? Don't you think that probably has counteracted and negated any possible good we might have accomplished by confiscating from the wealthy and giving to the middle class in America? With the corporatism we now have, especially after "citizens united", whatever is confiscated will increasingly go to the military instead of the poor or middle class.

                                          A third party run is not in the cards, we need Democrats to swallow hard, step up to the plate as Americans, and vote Paul in the Republican party primary.

                                            Reply#21 - Sun Aug 21, 2011 3:33 AM EDT
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