Friday, December 12, 2008

Ron Paul: Bailouts Will 'Destroy the Dollar'

Ron Paul supporters last year at the Boston Tea Party, Holland Michigan

Thursday, December 11, 2008 12:26 PM
By: Jim Meyers

U.S. Representative and former presidential candidate Ron Paul tells Newsmax that bailouts of U.S. corporations are “bad morally” — and says current federal economic policies “will literally destroy the dollar.”

He also insists that the use of “counterfeit” paper money instead of a gold-backed currency is “insane,” and declares it is “foolhardy” for Barack Obama to propose national health care under the present economic conditions. FULL STORY.

Republican U.S. Rep. Ron Paul tells Newsmax TV that he strongly opposes all the bailouts approved by Congress. He says it's wrong economically and morally to give anyone someone else's money. Hear his warnings about runaway spending, bad policies and how the automakers' CEO's are muzzled because of the liberals' strong ties to labor unions. WATCH VIDEO HERE.

Ron Paul Auto Bailout Speech12/10/2008

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