Ron Paul spoke out today on last week's Financial Crisis Inquiry Commission (FCIC) report to the Financial Services Committee in Congress. As expected, the report was biased in wanting to continue government intervention (interest rates and stimulus) to try to boost the economy.
In an article written today by Ron Paul, the FCIC establishment refrained from hearing ideas from minority voices that wanted to advocate a different approach to save our financial system.
Last week, the Financial Crisis Inquiry Commission (FCIC) presented its results to the Financial Services Committee. As with most other politically-appointed commissions, the results of the FCIC's investigation were easy to predict. Established by the same congress that gave us national healthcare and with a majority of its members appointed by those who seek to solve every problem with more government intervention, it was no surprise that the commission's findings would favor increased government intervention in the economy. Minority members were not substantively involved in the commission's operations, and the commission attempted to exclude their dissenting views by granting them very limited space to do so.
As is usually the case with government agencies, very rarely is the idea ever proposed to shrink government, or government intervention, even if the government is a large share of the problem. Commissions such as this one, as well as specially convened 'inquiries', are simply a public dog and pony shows to attempt to make the public believe that the government is actually working to find the right solution to a problem.
The government, along with the Federal Reserve, have spent trillions of dollars since 2008 to try to correct the problems that led to the credit crisis, but even with that much intervention, things have gotten worse for the economy, the dollar, and for unemployment.
Ron Paul is seeking change to the approach on how the government deals with the free market economy, and as we have seen over the past three years, doing the same things over and over and expecting different results is exactly why the government today is the model of insanity.
Comments
What a whack-job this Ron Paul guy is. I mean he doesn't allow the special interests to buy him, he constantly parades against government intervention wants the power to stay with the people, he wants a honest monetary system and transparency of the government and protect the privacy of the citizens, I mean he's also as crazy as Tomas Jefferson was.
I mean how do people even bare to listen to this sort of radical yet truly American ideas. I though we were all already socialists?
/end sarcasm
How a man like Ron Paul is still around fighting the fight is beyond me. I'm only 25 and I'm already tired of trying to show the truth to people that just don't understand, nor do they want to. He's been fighting the same fight for longer than I've been alive. WOW. GO RON PAUL!!!
Dr. Paul you raised over $700K in 24 hours yesterday from people who want Liberty from our tyrannical government. The people have spoken and the conclusion is they want YOU as POTUS in 2012! Dr. Paul you will have my vote as well as all of my buddies in the military!
Dr. Ron Paul POTUS 2012!!!!
Some people just don't understand the concept of learning from their mistakes.
Audit the federal reserve, support HR 459 Paul
The FCIC report tells the truth! The crisis was caused by trillions of derivatives speculation and other speculative garbage. The people are being lied to that there is "no alternative" to the fascist budget cuts being proposed by members of both political parties! There is one: restore Glass-Stegall, this will wipe around $20 trillion in worthless money off the books and get the states out of bankruptcy! Wall Street and their criminal speculative and nation destroying casino will be bankrupted! Putting a 1% sales tax on Wall Street financial transactions will raise millions or trillions of money that could easily save millions of people in the public and private sectors from losing their jobs and also be used towards creating millions of more jobs! A massive infrastructure project that's been long on the drawing books called North American and Power Alliance should be financed with interest free credit by the a nationalized and fully audited Federal Reserve system, this NAWAPA program will create around 7 million new jobs and will help to save America from the ongoing financial crisis!
Pro-FCIC "Anonymous" must be a politician. It takes a politician to be so brain-dead as to think that somehow spending money stolen from your own descendants and giving it to other people is going to be beneficial in the end. Ever hear of the broken window example? When all consequences are considered, redistributing wealth that you don't have is both idiotic and financially disastrous. Try reading some Henry Hazlitt.
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