Nov

24

Ron Paul on CNBC About the Fed

Wed, 11/25/2009 - 00:22

Ron Paul's Audit the Fed gets a thorough discussion here on CNBC, with time for questions and not just sound byte answers. Looks like Ron Paul is going to have to vote against his own bill HR-1207 (which never even gets mentioned by name) due to a watering down by Barney Frank. I love Ron Paul's comment that he does not vote for bad ideas to hope for a better outcome.

An additional key point that is made is that the Fed by its lonesome is not the single cause of our problems. Congress itself causes the Fed to act like it does with easy money and inflation through their wild spending of money the American people do not have.

This on the same day that the Wall Street Journal had a front page story about Geithner being asked to resign by a Democrat congressman... Ron Paul got plenty of ink on that front page story, too.
http://online.wsj.com/article/SB125864421370955721.html


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