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Ron Paul: Fed Needs to Clear the Air on its History

2010-03-05T21:17:00.000-08:00

The Federal Reserve may grow in power under the Senate's plans for financial reform, but Rep. Ron Paul (R-Texas) said on Washington Unplugged today that Congress has abdicated its oversight responsibilities, allowing the Fed to funnel money to whomever it pleases -- even possibly the Watergate burglars.

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Regardless of whether such a plot is true, "it gives you a good reason to audit the Federal Reserve," Paul told moderator Bob Schieffer.

Paul and other legislators have blasted Federal Reserve Chairman Ben Bernanke, charging he has failed to maintain sound credit markets, among other things. Paul has led a popular legislative effort to audit the Fed.

At a congressional hearing last month at which Bernanke testified, Paul charged the Federal Reserve with facilitating the Watergate burglars, as well as funneling $5.5 billion to Saddam Hussein in the 1980s. Bernanke called the allegations "bizarre."

On Unplugged today, Paul said his charges are backed up by a book by former House Financial Services Committee staffer Robert Auerbach, now a professor at the University of Texas.

For the rest of the story, go to: http://www.cbsnews.com/blogs/2010/03/03/politics/politicalhotsheet/entry6263310.shtml

Bizarre Spending Habits - Essay by Ron Paul for March 1, 2010

2010-03-01T10:40:00.000-08:00

Bizarre Spending Habits - Essay by Ron Paul for March 1, 2010

Last week I had the opportunity to bring up spending and transparency in two important hearings. On Wednesday I questioned Federal Reserve Chairman Ben Bernanke on some highly questionable uses of funds at the Federal Reserve, and on Thursday I asked Secretary of State Hillary Clinton about exorbitant spending at the State Department.

It is extremely important to continue bringing these issues up, especially in light of our difficult economic times, when so many are out of work, as I saw up close in my district at the Oceans of Opportunity Job Fair in Galveston two weeks ago. Those who are working live with the fear of losing their jobs as they struggle to pay bills. Meanwhile, Washington is talking of increasing their taxes, something voters were promised, clearly and adamantly, would not happen in this administration.

Government also struggles with money, but the struggle centers on how to get more of your money into government coffers. Rather than expanding the Federal budget in the face of economic downturn, we should be focusing on eliminating waste and being the very best stewards of public funds that we can possibly be. Most businesses have had to streamline and cut back in order to survive, and so it is only fair for our government to do the same.

Instead, the State Department is building a $1 billion embassy in London, the most expensive ever built. The plans even include surrounding it with a moat! I asked the Secretary of State about this massive expenditure, and she claimed the funds for this were coming from the sale of other properties. If money can be saved, then save it! Don’t spend it on such an extravagant structure overseas when people back home can’t find jobs or pay bills. Not only that, but the administration has committed to doubling foreign aid. That is one promise that is likely to be kept, despite our economic crisis.

I asked Chairman Bernanke about Federal Reserve agreements with foreign central banks and if he had had any conversations about bailing out Greece, which he flatly denied. However, he recently announced that the Federal Reserve will be looking into Goldman Sachs’ derivative agreements with Greece. Goldman Sachs, as we know, has “too big to fail” status with the Fed, so it is conceivable that any Greece-related catastrophic losses at Goldman Sachs will once again be passed on to taxpayers.

Perhaps most sinister are the revelations in Robert Auerbach’s book “Deception and Abuse at the Fed” that $5.5 billion was sent to Saddam Hussein in the 80’s - money that allowed Iraq to build up its military machine to fight Iran prior to the first Gulf War, the very machine turned against our brave men and women within just a few years! I agree with Bernanke’s characterization of this – it is indeed “bizarre” to think that Americans at the Federal Reserve could engage in this type of behavior, which a some have called “criminal”. However, Professor Auerbach served as a banking committee investigator, and as an economist at the Treasury Department and at the Federal Reserve. His claims are hardly without merit. In fact, they are solidly backed by court rulings and other evidence.

The lack of accountability and transparency in our leaders on government spending is appalling. We simply must keep pressing these issues and voicing our objections if we are ever to reverse our failed policies.
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Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Ron Paul on CNN's Cafferty File - "The Government is Broken"

2010-03-01T10:38:00.000-08:00

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Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Bernanke calls Ron Paul remarks "bizarre" - Congressman Paul responds on Congressional Record with letter from Professor Robert D. Auerbach

2010-02-27T11:08:00.000-08:00

posted by Greg Chamberlain

Last week on February 24, 2010 when Congressman Paul addressed Fed Chair Ben Bernanke at the House Financial Services Committee hearing, Congressman Paul made the following comments relating to The Federal Reserve Transparency Act, which has passed in the house:

"I would like to get to more specifics on the transparency bill because it has been reported in the past that in the 1980's that The Fed actually had facilitated a $5.5 billion dollar loan to Saddam Hussein and he then bought weapons from our military industrial complex and also that is when he invested in a nuclear reactor. A lot of cash was passed through and a lot of people thought suppose it was passed through the Federal Reserved when there was a Provisional Government Act in the 2003 invasion. That money was not appropriated by the Congress as the Constitution says"

"Also, there has been reports that the cash used in the Watergate Scandal came through the Federal Reserve. And, when investigators back in those years tried to find out, they were always stonewalled and we couldn't get the information."

When Congressman Paul finished other additional comments, Ben Bernanke replied:

"Well, Congressman, I, the specific allegations you have made, I think are absolutely bizarre and I have absolutely no knowledge of anything remotely like what you just described. As far as the ten years, after five years, we produce complete transcripts of every word said ...."

The next day on February 25, 2010, in response to Bernanke's comments, Congressman Paul entered a statement into the Congressional Record that is just below:.
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Statement entered into the congressional record by Ron Paul, 2/25/10

Madame Speaker, I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at yesterday's Financial Services Committee Humphrey-Hawkins hearing, remarks which Federal Reserve Chairman Bernanke categorized as "bizarre."

Thank you Congressman Ron Paul for bringing these important facts to the public's attention

I thank Congressman Ron Paul for bringing to the public's attention the Federal Reserve coverup of the source of the Watergate burglars' source of funding and the defective audit by the Federal Reserve of the bank that transferred $5.5 billion from the U.S. government to Saddam Hussein in the 1980s. Congressman Paul directed these comments to Federal Reserve Chairman Ben Bernanke at the House Financial Services Hearing February 24, 2010. I question Chairman Bernanke's dismissive response.

BERNANKE: "Well, Congressman, these specific allegations you've made I think are absolutely bizarre, and I have absolutely no knowledge of anything remotely like what you just described."

The evidence Congressman Ron Paul mentioned is well documented in my recent book, Deception and Abuse at the Fed (University of Texas Press: 2008). The head of the Federal Reserve bureaucracy should become familiar with its dismal practices.

First, consider the Fed's coverup of the source of the $6300 in hundred dollar bills found on the Watergate burglars when they were arrested at approximately 2:30 A.M. on June 17, 1972 after they had broken into the Watergate offices of the Democratic Party. Five days after the break-in, June 22, 1972, at a board of directors' meeting of officials at the Philadelphia Fed Bank, it was recorded in the minutes [shown on page 23 of my book] that false or misleading information had been provided to a reporter from the Washington Post about the $6,300. Bob Woodward told me he thought he was the Washington Post reporter who had made the phone inquiry. The reporter "had called to verify a rumor that these bills were stolen from this Bank" according to the Philadelphia Fed minutes. The Philadelphia Fed Bank had informed the Board on June 20 that the notes were "shipped from the Reserve Bank to Girard Trust Company in Philadelphia on April 3, 1972." The Washington Post was incorrectly informed of "thefts but told they involved old bills that were ready for destruction."

The Federal Reserve under the chairmanship of Author Burns not only kept the Fed from getting entangled in the Watergate coverup, which the Fed's actions had assisted, it allowed false statements about bills the Fed knew were issued by the Philadelphia Fed Bank to stand uncorrected. Blocking information from the Senate and House Banking Committees [letters shown in my book, Chapter 2] and issuing false information during a perilous government crisis imposed huge costs on the public that had insufficient information to hold the Fed officials accountable for what they had withheld from the Congress. Had the deception been discovered the Fed chairmen following Burns may have been forced to rapidly implement some real transparency to restore the Fed's credibility. That would have reduced or eliminated many of the lies, deceptions, and corrupt practices that are described in my book.

The second subject brought up by Congressman Ron Paul is the exposure of faulty examinations of the Federal Reserve of a foreign bank in Atlanta, Georgia through which $5.5 billion was sent to Saddam Hussein that a Federal Judge found to be part of United States active support for Iraq in the 1980s.

On November 9, 1993, several federal marshals brought a prisoner, Christopher Drogoul, into my office at the Rayburn House Office Building of the U.S. House of Representatives. The marshals removed the manacles. Drogoul took off his jump suit and changed into a shirt, tie, and business suit. He immediately looked like the manager of the Atlanta agency with domestic headquarters in New York City of Banca Nazionale. Drogoul had come to testify about a "scheme prosecutors said he masterminded that funneled $5.5 billion in loans to Iraq's Hussein through BNL's Atlanta operation. Some of the loans allegedly were used to build up Iraq's military and nuclear arsenals in the years preceding the first Gulf War." 1

Drogoul's "'off book' BNL-Atlanta funding to Iraq began in 1986 as financing for products under Department of Agriculture programs."2 The loans allegedly had been authorized by the U.S. Department of Agriculture. Since Drogoul told the committee he was merely a tool in an ambitious scheme by the United States, Italy, Britain and Germany to secretly arm Iraq in their 1980-88 war, the testimony was politically contentious and unproven. He was sentenced in November 1993 to 37 months in prison and he had already served 20 months awaiting his sentencing hearing.

U.S. District Judge Ernest Tidwell found that the United States had actively supported Iraq in the 1980s by providing it with government-guaranteed loans even though it wasn't creditworthy. The judge said such policies "clearly facilitated criminal conduct."3

Gonzalez was drawn to Drogoul's answer about the Fed examiner who had visited his Atlanta operation. Gonzalez said that:

"At the November 9, 1993 Banking Committee hearing I asked Christopher Drogoul, the convicted official of the Banca Nazionale Del Lavoro agency branch in Atlanta, Georgia, how the Federal Reserve Bank examiners could miss billions of dollars of illegal loans, most of which ended up in the hands of Hussein.

Mr. Drogoul stated:

The task of the Fed [bank examiner] was simply to confirm that the State of Georgia audit revealed no major problems. And thus, their audit of BNL usually consisted of a one or two-day review of the state of Georgia's preliminary results, followed by a cup of espresso in the manager's office."

Gonzalez was appalled at the of lack of effective examination of a little storefront bank and also appalled by the gifts exchanged by officers of the New York Federal Reserve and the regulated banks in New York City where the main U.S. office of BNL was located. A description of what followed is in my book.

The Fed voted in 1995 to destroy the source transcripts of its policy making committee that had been sent to National Archives and Records Administration. Chairman Alan Greenspan had the committee vote on this destruction, telling the members: "I am not going to record these votes because we do not have to. There is no legal requirement." (p. 104 in my book.) Greenspan thus removed any fingerprints on this act of record destruction. Donald Kohn, who is now Vice Chairman of the Board of Governors at the Federal Reserve, answered some questions I had sent to Chairman Greenspan about this destruction. Kohn replied in a letter on November 1, 2001 to me at the University of Texas that they had destroyed the source records for 1994, 1995 and 1996, they did not believe it to be illegal and there was no plan to end this practice. That is one reason why the Federal Reserve audit supported by Congressman Ron Paul is needed. The Fed must stop destroying its records.

Robert Auerbach is Professor of Public Affairs at the Lyndon Baines Johnson School of Public Affairs, The University of Texas at Austin. He was an economist with the House of Representatives Financial Services Committee during the tenure of four Federal Reserve Chairmen: Arthur Burns, William Miller, Paul Volcker, and Alan Greenspan. Auerbach also served as an economist in the U.S. Treasury's Office of Domestic Monetary Affairs during the first year of the Ronald Reagan administration and as a financial economist with the U.S. Federal Reserve System. Auerbach has been a professor of economics at the American University in Washington, D.C. (1976-83), and a professor of economics and finance at the University of California-Riverside (1983-93). He has written numerous articles, and two textbooks in banking and financial markets. He received two Masters degrees in economics, one from the University of Chicago and one from Roosevelt University, where he studied under Abba Lerner, and a Ph.D. in economics from the University of Chicago, where he studied under Milton Friedman.

1 Marcy Gordon, "Banker Imprisoned in BNL Case Tells Story to House Committee," The Associated Press, November 9, 1993.

2 U.S. Newswire: "Former Executive of Atlanta Agency of Italian-Owned Bank Pleads Guilty to Conspiracy", from U.S. Department of Justice, Public Affairs, June 2, 1992.

3 Peter Mantius, "Drogoul given 37 months Judge in BNL case also blasts actions of U.S. prosecutors," The Atlanta Journal and Constitution, December 10, 1993, Section A, p. 12.
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Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Congressman Ron Paul questions Secretary Clinton about The Cost of Our Foreign Operations

2010-02-27T11:04:00.000-08:00

On Thursday February 25, 2010, U.S. Congressman Ron Paul of Texas' 14th district questioned Secretary of State Hillary Clinton about spending at the State Department during her appearance before the House Foreign Affairs Committee.

Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Congressman Ron Paul questions Secretary Clinton about The Cost of Our Foreign Operations

2010-02-25T18:54:00.000-08:00

Ron Paul's statement on an atrocious U.S. policy of domestic assasination of U.S. citizens.

2010-02-25T18:51:00.000-08:00

On Wednesday February 24, 2010, U.S. Congressman Ron Paul of the 14th District of Texas took to the House floor to challenge assassinating American citizens at the government's discretion.

Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Ron Paul's Opening Statement at House Financial Services Committee Hearing February 24, 2010 - Addressing Fed Chair Bernanke

2010-02-24T12:15:00.000-08:00

ThePresident.Com

The House Financial Services Committee held a hearing named "Monetary Policy and the State of the Economy" on February 24, 2010. Below is Congressman Paul's Opening Statement addressing Fed Chair Ben Bernanke.

In watching the rest of the opening statements and questioning of Fed Chair Bernanke from other members of Congress, I got the feeling that Ron Paul is the only person who understands the root causes of the economic problems this nation faces and he has the most sure solutions. However, most of the others asked Bernanke meek surface questions that lacked depth, and showed how ill equipped Congress is to deal with or to monitor the Fed's Monetary Policy, regardless of philosophy.

On philosophy, Ron Paul is simply promoting that we as a nation drop the Keynesian philosophy and adopt the Austrian School of Economics way, for it is by far the most efficient way of allowing true free markets to exist, reduce the size and scope of government and keep competition in business free and equitable, rather than crony capitalistic.

Greg Chamberlain
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Ron Paul's Opening Statement at House Financial Services Committee Hearing February 24, 2010 - Addressing Fed Chair Bernanke

Part I

http://www.youtube.com/watch?v=MVEwsIIF6wEv

Part II

http://www.youtube.com/watch?v=bBGfJOA518o

Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Medical costs can be cut with freedom - Allowing consumers access to MSAs will improve health care - By Ron Paul

2010-02-23T12:42:00.000-08:00

Congressman Paul wrote this piece on December 14, 1998 for what he calls Texas Straight Talk, a weekly column that he also reads aloud for listeners to hear by calling a toll free phone number. The text is always made available at his Congressional website.

His message never changes. "Freedom", as he often says, "is popular". As one reads this important column on health care and medical costs written in 1998 and compares it to what the Congressman says today as the Health Care debate continues, one finds that the Congressman practices (votes in the house) what he preaches and that what he preaches does not change with the breeze. The gist I always get... less government intervention and no corporatist collusion between special interests and Washington will mean the free market will lower health care prices for consumers.

Greg Chamberlain
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Medical costs can be cut with freedom - Allowing consumers access to MSAs will improve health care
by United States Congressman Ron Paul of Texas' 14th District

An often-made claim is that it is expensive to be sick in America.

That may be true, though no more so than any of the more socialist systems in the world perceived as "inexpensive" by those desiring similar government programs here. In those nations, the cost is hidden in individual tax-rates in excess of fifty percent, so the extremely high costs for care are still being paid by the patient, they just don't write the check to the doctor, they write it to the tax collector.

The reality is that for Americans major expense is not in major illnesses (insurance bears most of the brunt in typical cases), but in routine care.

For many years, the federal government has taken an ever-expanding role in our nation's medical care through regulatory and legislative activism. Of course, to oppose federal involvement is to be "anti-health care" or "anti-patient." Never mind that routine health care is arguably less efficient and less accessible than in our recent past, with sick people receiving worse care at higher costs.

What the politicians and their bureaucrats refuse to acknowledge is that the cost of routine health care is spiraling out of control precisely because of the federal involvement.

Most obviously, there is the direct government meddling. Bureaucrats, under authority granted to them by years of irresponsible congressional action, now dictate how medical care is to be offered, in what timetables, quantities and situations. Of course, these directives have nothing to do with the realities of medicine or even the demands of the market, but are simply political directives issued for soundbite effectiveness. While sounding nice, these regulations increase costs by forcing the medical provider to expend greater resources to meet the regulations.

Resources once devoted to assisting patients with their needs must be diverted to meeting bureaucratic regulations. Federal regulations imposed on state governments regarding medical care delivery, or on insurance providers, or employers, or directly on doctors and hospitals, all eventually come back to the consumer in the form of higher checkout costs.

To deal with the ever-rising costs, consumers feel forced to relinquish more control to insurance companies and health maintenance organizations (HMOs). At the same time, doctors are forced into the systems so that the burden of regulatory paperwork can be lifted from them.

The insurers and HMOs only make matters worse by further restricting the consumer's choices and limiting the services a physician in their group can offer. The incentive to cut costs is lost, as physicians (now working essentially as low-level employees) seek to make as much as they can in the new corporate environment, will charge the maximum the HMOs allow.

Consumer complaints about insurers and HMOs compel politicians to write new laws and more regulations to curry voter favor. More regulations breed more costs, limiting more choices, causing more anguish, and the cycle continues.

There are several ways to break the cycle. The most obvious solution is to pull the plug on federal intervention. That, however, is tantamount to political suicide. Who wants to be depicted as wanting to stop "good" regulations and laws, and "hurt" patients?

A more viable solution is to let the consumer and his doctors pull themselves out of the system, by means of medical savings accounts. While this does not solve the entire problem, it provides a larger degree of freedom for those who desire it.

Under an MSA system, a consumer could save pre-tax dollars in a special account. Those dollars would be used to pay for health care expenses, with the patient negotiating directly with the physician of their choice for the care they choose without regard to HMO rules or a bureaucrat's decision. The incentive for the physician is getting paid in cash as the service is rendered, rather than waiting months for an HMO or insurance provider's billing cycle.

With the cash for the MSAs coming from pre-tax dollars, most Americans could afford deposits that would cover routine expenses families' experience in a year. To cover larger expenses, major-medical insurance policies are readily available and fairly inexpensive.

Medical care will always be expensive, regardless of the system. The real question is how much freedom will a patient have in determining the care they receive. It is only when the patient controls the purse strings of his own money that he will have that freedom.

Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Government Stimulus, One Year Later - by U.S. Congressman Ron Paul of Texas

2010-02-22T10:01:00.000-08:00

Congressman Ron Paul, when one takes a look at his voting record, has long been the quintesential Mr. Smith citizen politician in Wasington DC who has consistently been warning about the danger of big government and how big government is not the answer or the solution in terms of a "good" economy or important issues such as health care or education. In fact, Congressman Paul has pointed out over and over again that big government is the problem, especially given the fact that corporatism, also known as Crony Capitalism, reigns over politicians actually working for we, the people.

Below, is Congressman Paul's latest weekly column entitled Government Stimulus, One Year Later.

Regards,
Greg Chamberlain
================
Government Stimulus, One Year Later
by United States Congressman Ron Paul
www.house.gov

Last week marked the one year anniversary of the American Reinvestment and Recovery Act, or the stimulus bill, passing into law. While the debate over its success has been focused on whether or not it is stimulating the economy and on various questionable uses of funds, in my estimation this legislation is accomplishing exactly what it was intended to accomplish – grow the government.

Those of us concerned about the ever increasing level of government debt gasped at the astonishing $787 billion cost estimates for this bill. True to form it has actually cost 10 percent more at $862 billion. We heard over and over that government could not sit around and do nothing while people lost their jobs and houses. The administration claimed that unemployment would not go above 8 percent if the stimulus bill passed. Now, a year later, the government estimates that unemployment is over 10 percent. The real number is closer to 20 percent. It appears that those promises were total fabrications in order to close the deal.

In any case, the American people know that more government spending obviously equals more government. If the goal was to strengthen the private sector, Congress would have allowed businesses and individuals to keep more of their own money through meaningful tax cuts. Outrageously, the administration claims that they did “cut taxes” by reducing withholding, and that they have stimulated the private economy by increasing the amount of money in every worker’s paycheck. What they fail to mention is they did not change the total amount of taxes due. This means that all that money not withheld from paychecks will add up to a big unpleasant surprise when returns are filed this year. Many tax preparers are already seeing shocked taxpayers having to come up with big checks to the government when they normally expect a refund. Stimulus, indeed!

The administration also claims that thousands of jobs have been created or saved by this massive spending bill, but these are just more government jobs, and counterproductive in the long run. Funding for the public sector necessarily comes at the expense of an overtaxed private economy. But, it makes sense that government would seek to expand its payroll since every new bureaucrat becomes a likely advocate for big government, when an increasing number of Americans are demanding the opposite. But the more the burden, the closer the government parasite comes to killing its host.

Rather than learning the lessons of the past year, the administration is moving full-speed ahead to do even more economic damage. With the stimulus bill set as a precedent and victory declared, another “jobs” bill is in the works. And, in order to address the unavoidable issues of our massive deficit, the administration has named a bi-partisan commission to find ways to decrease it. Tax increases on the middle class are notoriously back “on the table”, exposing that campaign promise as another instance of merely saying what the people wanted to hear. If the obvious solution to our spending problems was seriously put forth, that is, getting back to the constitutional limitations of government, I would be shocked. More likely, this will be a tactic to increase taxes and spending in a way that passes the political buck.

Congressman Paul was a presidential candidate in the 2008 Presidential Election. Most recently, he won the CPAC (Conservative Political Action Conference) Presidential Straw Poll by a wide margin, far ahead of Mitt Romney and Sarah Palin.

Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Ron Paul speaks at CPAC - Ron Paul speech at CPAC - Stop the Wars, End the Fed, Regain our Liberties!

2010-02-21T21:52:00.000-08:00

Ron Paul spoke at CPAC. His message was to stop preventive and undeclared wars, return to sound monetary policies, and promote freedom in all areas of your life, was the message of Ron Paul's annual CPAC address.

Ron Paul supporters know, he is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies.

Part I

Part II

Part III

Video: Ron Paul in Texas '14th district 2010 Congressional Election Debate

2010-02-21T19:27:00.000-08:00

Part I

Part II

Ron Paul: The Market Should Set Interest Rates!

2010-02-21T19:23:00.000-08:00

Allow The Free Market, Not The Fed, To Set Interest Rates

In his latest appearance on CNBC, U.S. Congressman Ron Paul of Texas explains to 'In Fed We Trust' author and Bernanke apologist David Wessel why we should end the Federal Reserve's power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the victim of public anger against bank bailouts. He goes on to perpetuate the myth that we live in a 'capitalist democracy' and that such an organization needs an 'independent' central bank. Ron Paul counters that the system is already thoroughly politicized and that we don't have true capitalism, but crony capitalism and economic interventionism.

Ron Paul wins prestigeous CPAC Presidential Staw Poll at Conservative Political Action Conference

2010-02-21T18:48:00.000-08:00

CPAC is the Conservative Political Action Conference. U.S. Congressman Ron Paul of Texas won Presidential Straw Poll, defeating Mitt Romney and Sarah Palin. Romney was the winner of the last CPAC Presidential Straw Polls.

One journalist said Ron Paul Rocks CPAC: http://liveshots.blogs.foxnews.com/2010/02/19/ron-paul-rocks-cpac/?test=latestnews

See Fox News interview following the straw poll win: http://video.foxnews.com/v/4027415/ron-paul-wins-cpac-straw-poll?category_id=86858

On Friday, February 19, 2010, Congressman Paul spoke to CPAC's main audience about recapturing the passion for the entire message of liberty.

Competition and Health Care

2010-02-16T19:33:00.000-08:00

Reporter John Stossel recently took a look at how certificate of need laws stifle competition and help contribute to higher health care costs.

Jack Hunter ("The Southern Avenger") interviewed Congressman Paul on February 15, 2010

2010-02-16T19:29:00.000-08:00

Jack Hunter ("The Southern Avenger") interviewed Congressman Paul on 1250 AM WTMA, Charleston, South Carolina radio concerning Tea Parties, neoconservatives, and foreign policy.

Are US Taxpayers Bailing Out Greece? - Essay by United States Congressman Ron Paul

2010-02-16T19:14:00.000-08:00

Are US Taxpayers Bailing Out Greece? -
Essay by United States Congressman Ron Paul

Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Their debt level is about 120 percent of their gross domestic product and their public sector absorbs what amounts to 40 percent of GDP. Any talk of cutting costs and spending is met with violent protests from the many Greeks heavily dependent on government payments. Mounting fears of default have sent shockwaves through their creditors and all of the eurozone countries.

But there have been statements made by the European Central Bank to calm fears and give assurances that Greece will get the aid it needs. Details of agreements are not forthcoming.

Is it possible that our Federal Reserve has had some hand in bailing out Greece? The fact is, we don’t know, and current laws exempt agreements between the Fed and foreign central banks from disclosure or audit.

Greece is only the latest in a series of countries that have faced this type of crisis in recent memory. Not too long ago the same types of fears were mounting about Dubai, and before that, Iceland. Several other countries (Spain, Portugal, Ireland, Latvia) are approaching crisis levels with public debt as well. Many have strong ties to Goldman Sachs and the case could easily be made that default could have serious implications for big US banking cartels. Considering the ties between the Fed and these big banks, it is not outlandish to wonder if the US taxpayer is secretly bailing out the entire world, country by country, even as our real unemployment tops 20 percent. Unless laws are changed to allow a complete and meaningful audit of the Federal Reserve, including its agreements with foreign central banks, we might never know if this is occurring or not.

This global financial crisis is a predictable result of secretive central banking and unsound fiat currency. Governments are entirely committed to this system of fiat money and fractional reserve banking for obvious reasons: it enables them to do what they love most, namely, spend hoards of money with near impunity. Without the limitations of sound money, governments will spend without limit. They will spend money to hire their cronies, pay off special interests, give out favors, create dependence and generally distract from the terrible job they do at their chief mandate, which is to protect the liberties of the people. Fiat money is a blank check to government, which is very dangerous, and we are witnessing the death throes of the system as the bills come due and the underlying capital is squandered away.

Because of our globe-straddling empire and lingering reserve currency status, perhaps no one has a more vested interest in keeping this system cobbled together than our own government and the Federal Reserve. The agreements that Iceland and Dubai and Greece have negotiated can amount to little more than kicking the can down the road, as their overall spending habits remain largely intact, fiat currencies are still legal tender and more debt is issued on top of unsustainable debt. The American people have the right to know if they are going to be the ones holding the bag in the end because the Federal Reserve secretly put them on the hook for it. This knowledge would be a key factor in peacefully dismantling this immoral and unconstitutional system.

REPUBLIC VERSUS DEMOCRACY - Speech by Ron Paul in January 2003

2010-02-09T15:18:00.000-08:00

It is a fact that the Founders set out to establish a Republic, and strongly warned against Democracies. Somehow, that fact was glossed over in what I was taught as a youth.

This is perhaps why this is one of the most important Ron Paul speeches, ever, to me and perhaps to many others.

For the Ron Paul Revolution to advance with even more depth vs. the blind support that other politicians get, the concepts in this video must be spread by our movement as part of the message to the blind.

Greg Chamberlain
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REPUBLIC VERSUS DEMOCRACY - Speech by Ron Paul in January 2003

Mr. PAUL. Mr. Speaker, at the close of the Constitutional Convention in 1787, Benjamin Franklin told an inquisitive citizen that the delegates to the Constitutional Convention gave the people a Republic, if you can keep it. We should now apologize to Mr. Franklin. It is obvious that the Republic is gone, and we are wallowing in a pure democracy against which the Founders had strongly warned.

Madison, the Father of the Constitution, could not have been more explicit in his fear and concern for democracies. "Democracies have ever been spectacles of turbulence and contentions, have ever been found incompatible with personal security or the rights of property, and have in general been as short in their lives as they have been violent in their deaths.''

for the rest on Video, please go to: http://www.c-spanvideo.org/congress/?q=node/77531&appid=596101578

Healthcare Reform is a Lump of Coal - By Congressman Ron Paul

2009-12-28T15:53:00.000-08:00

Healthcare Reform is a Lump of Coal
By Congressman Ron Paul
December 28, 2009

Last week on Christmas Eve, after many backroom deals were made, the Senate passed the healthcare reform bill with a strictly partisan vote. I was pleased that my colleagues in the GOP are on the right side of this bill. Although this vote was a major step in healthcare reform becoming reality, they still have to reconcile the Senate bill with the House-passed version in conference committee. This could prove even more difficult and costly than the Senate vote.

There was a little bit of controversy surrounding one particular Senator who was initially against the bill, but then, coincidentally, a large amount of Medicare funding specifically for his state was tucked inside and he ended up voting for it. One wonders how much more of that will have to go on to achieve final passage.

But this is how politicians in Washington deal with problems: they throw your money at them. Healthcare reform is no different. The Senate version of the bill, at last count, will cost $871 billion. The House version tops $1 trillion. But they tell us this is for the health of Americans, and how dare we count the cost?

Such is the arrogance of politicians. There seems to be no end to the problems they feel capable and duty-bound to solve through legislative proclamation and plenty of your money. To hear them talk, one might think that a few words spoken on Capitol Hill would make problems just disappear. All it takes it good intentions.

But no good can come from 2400 pages of Washington’s good intentions.

I have observed quite the opposite throughout my political career in the House of Representatives, and fear that with this immense legislation, our healthcare problems are only just beginning. Over the last few decades, I have seen healthcare subjected to more and more creeping red tape that only creates bottlenecks and increases costs as new bureaucratic hurdles are put in place.

Politicians cannot solve the problems created by ever-increasing intervention by exponentially increasing their intervention. Similarly, they cannot improve the quality of healthcare and expand access to it for all Americans simply by legislative decree. If only it were that simple! The reality is the free market, when allowed to function, naturally increases access and drives prices down through competition. The free market keeps service providers accountable by allowing people to take their business elsewhere.

This government intervention will eventually create a near monopoly of providers in health insurance as smaller companies are squeezed out and innovation comes to a grinding halt due to formidable barriers to entry. The government will determine prices and levels of service that will apply to everyone, regardless of want or individual circumstances. The true insurance model of healthcare cost management, meaning major medical coverage only, will basically become illegal. Opting out of the system will incur heavy tax penalties.

Expanding government reach so deeply into this very sensitive area of our personal lives and such a major part of our economy means more opportunities for waste, fraud and abuse of the system. One need only remember the recent bailouts for an example of how government handles systemic waste, fraud and abuse.

So while the Senate patted itself on the back last week for delivering a Christmas gift to Americans, time will prove it was instead a great big lump of coal.

Congressman Paul's official congressional website is www.House.Gov/Paul

His official MySpace page is www.MySpace.Com/RonPaul

Peter Schiff for Senate - The dollar breaking down, gold breaking out, 9/9/09 moneybomb

2009-09-09T20:38:00.000-07:00

Government Solutions Lack Understanding - By Congressman Ron Paul

2009-09-09T20:15:00.000-07:00

Government Solutions Lack Understanding
by United States Congressman Ron Paul
September 9, 2009

Things seem to be unraveling quickly for the new administration. The latest unemployment numbers are worse than the last reports. For all the billions of dollars spent and committed to fixing our economic problems, the situation is only getting worse. This was to be expected by those who understand the root causes of the problems. Throwing money around and creating more government programs is both simplistic and damaging to the economy. Of course, the administration claims that we would have been much worse off without these efforts. You can’t improve this situation by adding to our mountain of public debt for the benefit of big banks and other special interests. The American people know this. When will Washington learn?

In addition, the president’s plans for healthcare reform – or health insurance reform - are becoming more and more unpopular as details are examined. But because of all the alarmist rhetoric, politicians in Washington feel obligated to pass something, even if it doesn’t help. Rarely are liberty and prosperity at greater risk than when politicians feel they must “do something”. It is frightening to watch Washington toy with our healthcare purely for political reasons.

However, the saddest shortcoming of this administration is its utter failure to pursue a more peaceful foreign policy. Just last week up to 90 people, apparently mostly civilians, were killed in Afghanistan in an airstrike, and the violence is only getting worse. The administration is mulling over how many more troops they will send as part of their “Afghan Surge” with advisors getting it exactly backwards. They qualify sending fewer troops as “high-risk” and sending more troops as “low-risk”. This is not the perception at all if you were to ask the families of those being sent over. The best answer would be to stop risking any of our troops for the sake of what is, for all intents and purposes, a violent occupation, helping no one.

But all of these problems and their wrong-headed solutions come from one greater problem - which is not understanding the reasons that we are here. The economy is in bad shape because of too much government intervention producing a myriad of unintended consequences and perverse incentives. Healthcare is broken because the doctor-patient relationship has been broken down by hyper regulation and too much government interference. Afghanistan is a mess because they ignored the mission approved by Congress - to seek out those who attacked us on 9/11. They have instead gotten sidetracked with nebulous interventionist tasks such as promoting democracy and nation building. Eight years later, there is no real progress. The Soviets bankrupted themselves fighting in the mountains and caves of Afghanistan and we’re about to do the same. If we would just look to history it would be self-evident that there is nothing left to win in Afghanistan, and everything to lose.

Most of all, we need to understand that we don’t understand Afghan culture and politics, and for that reason alone, intervening in their affairs is unlikely to produce positive results. The best thing we could possibly do now is to bring our troops home, from Afghanistan, from Iraq, from Japan, from Germany, from all occupied countries, and concentrate on mending badly damaged relationships around the world. Free and honest trade has always been the best way to do that, without fail. Not understanding the benefits of peace, freedom, and nonintervention will always bring about catastrophe.

Campaign for Liberty at http://www.campaignforliberty.com was spawned by the grass roots movement of Ron Paul following his Presidential run in 2008. Today, Campaign for Liberty has thousands of members worldwide who are working for a common cause of true freedom and liberty.

Girl gets creative to raise money for college to study International Law and Politics. Hopes to become Diplomat.

2009-09-06T12:43:00.000-07:00

We came across this very funny video of a very beautiful girl, Alia Intably, who is American, but grew up as a child in Lebanon and survived the ravages of war in her country. She is one who does not qualify for financial aid to go to school to study International Law and Politics, so she made a website at http://www.Intably.com and produced this funny video to bring attention to her fund raising efforts. I have a funny feeling that if she puts her mind to it, she could end wars.

We applaud her efforts and hope that all who are able will donate to her educational fund.

http://www.youtube.com/watch?v=w5lzkMvwRJ8

The Limits of Force - Iraq and Afghanistan Aren't Ours to Win or Lose - by Chuck Hagel

2009-09-05T11:14:00.000-07:00

Former Senator Chuck Hagel from Nebraska wrote a commentary in the Washington Post. Read the whole piece at http://www.washingtonpost.com/wp-dyn/content/article/2009/09/02/AR2009090202856.html?hpid=opinionsbox1

The Limits of Force - Iraq and Afghanistan Aren't Ours to Win or Lose
By Chuck Hagel

The implosion of the Soviet Union and a historic diffusion of economic and geopolitical power created new influences and established new global power centers -- and new threats. The events of Sept. 11, 2001, shocked America into this reality. The Sept. 11 commission pointed out that the attacks were as much about failures of our intelligence and security systems as about the terrorists' success.

The U.S. response, engaging in two wars, was a 20th-century reaction to 21st-century realities. These wars have cost more than 5,100 American lives; more than 35,000 have been wounded; a trillion dollars has been spent, with billions more departing our Treasury each month. We forgot all the lessons of Vietnam and the preceding history.

No country today has the power to impose its will and values on other nations. As the new world order takes shape, America must lead by building coalitions of common interests, as we did after World War II. Then, international organizations such as the United Nations, NATO, the World Bank, the International Monetary Fund and GATT (now the World Trade Organization) -- while flawed -- established boundaries for human and government conduct and expectations that helped keep the world from drifting into World War III and generally made life better for most people worldwide during the second half of the 20th century.

Read the rest at http://www.washingtonpost.com/wp-dyn/content/article/2009/09/02/AR2009090202856.html?hpid=opinionsbox1

HR 1207, The Federal Reserve Transparancy Act, has 267 Cosponsors - S.604 now has 8 Cosponsors

2009-07-15T08:31:00.000-07:00

MUCH WORK STILL TO BE DONE TO KEEP HR 1207 MOVING FORWARD. KEEP SENDING LETTERS - Postal mail is the most powerful thing that can be done!

The list of Congressional members below represents the 267 members of the House of Representatives who have signed on to cosponsor Congressman Ron Paul's legislation known as H.R. 1207, which if passed will change existing laws to enable Congress to audit The Federal Reserve. If you would like to see this legislation become law, but your Rep is not listed below, please visit www.house.gov to get in contact with your rep's local as well as DC office or simply call (202) 224-3121 to connect with the DC switchboard. It is advised that postal letters are the most powerful tool for getting reps to act, in addition to the phone calls, faxes and e-mails.

The Senate companion version to HR 1207 is known as S.604. It was introduced by Senator Bernard Sanders of Vermont and it now has 8 cosponsors. All in support of auditing The Fed are encouraged to call, write and e-mail both U.S. Senators from your home state. Postal letters are most effective. To find your Senator's contact information, please visit please visit www.senate.gov to get in contact with your Senator's offices or simply call the main switchboard in DC at (202) 224-3121.

Just below is the list 8 of Senators Cosponsoring S.604

Sen Brownback, Sam [KS] - 7/8/2009
Sen Burr, Richard [NC] - 7/9/2009
Sen Chambliss, Saxby [GA] - 7/8/2009
Sen Crapo, Mike [ID] - 6/25/2009
Sen DeMint, Jim [SC] - 6/11/2009
Sen Inhofe, James M [OK] - 7/9/2009
Sen Isakson, Johnny [GA] - 7/8/2009
Sen Vitter, David [LA] - 6/16/2009

Below is the list of 267 members of the House of Representatives who have signed on to cosponsor HR 1207.

Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Aderholt, Robert B. [AL-4] - 5/6/2009
Rep Adler, John H. [NJ-3] - 5/6/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Altmire, Jason [PA-4] - 5/20/2009
Rep Austria, Steve [OH-7] - 5/6/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bachus, Spencer [AL-6] - 4/29/2009
Rep Baird, Brian [WA-3] - 7/10/2009
Rep Baldwin, Tammy [WI-2] - 4/21/2009
Rep Barrett, J. Gresham [SC-3] - 4/28/2009
Rep Barrow, John [GA-12] - 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Barton, Joe [TX-6] - 5/4/2009
Rep Berkley, Shelley [NV-1] - 5/21/2009
Rep Berry, Marion [AR-1] - 5/20/2009
Rep Biggert, Judy [IL-13] - 4/28/2009
Rep Bilbray, Brian P. [CA-50] - 4/21/2009
Rep Bilirakis, Gus M. [FL-9] - 5/4/2009
Rep Bishop, Rob [UT-1] - 4/21/2009
Rep Bishop, Timothy H. [NY-1] - 7/10/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Boehner, John A. [OH-8] - 6/10/2009
Rep Bonner, Jo [AL-1] - 6/9/2009
Rep Bono Mack, Mary [CA-45] - 4/29/2009
Rep Boozman, John [AR-3] - 5/7/2009
Rep Boswell, Leonard L. [IA-3] - 6/9/2009
Rep Boustany, Charles W., Jr. [LA-7] - 5/13/2009
Rep Boyd, Allen [FL-2] - 7/14/2009
Rep Brady, Kevin [TX-8] - 4/22/2009
Rep Braley, Bruce L. [IA-1] - 6/11/2009
Rep Bright, Bobby [AL-2] - 6/11/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Brown, Corrine [FL-3] - 6/11/2009
Rep Brown, Henry E., Jr. [SC-1] - 4/28/2009
Rep Brown-Waite, Ginny [FL-5] - 5/20/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Buyer, Steve [IN-4] - 4/30/2009
Rep Calvert, Ken [CA-44] - 4/29/2009
Rep Camp, Dave [MI-4] - 6/18/2009
Rep Campbell, John [CA-48] - 5/4/2009
Rep Cantor, Eric [VA-7] - 6/23/2009
Rep Cao, Anh "Joseph" [LA-2] - 6/11/2009
Rep Capito, Shelley Moore [WV-2] - 4/1/2009
Rep Carney, Christopher P. [PA-10] - 6/9/2009
Rep Carter, John R. [TX-31] - 3/31/2009
Rep Cassidy, Bill [LA-6] - 5/4/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Chandler, Ben [KY-6] - 7/7/2009
Rep Childers, Travis [MS-1] - 6/9/2009
Rep Coble, Howard [NC-6] - 6/11/2009
Rep Coffman, Mike [CO-6] - 6/16/2009
Rep Cole, Tom [OK-4] - 4/21/2009
Rep Conaway, K. Michael [TX-11] - 5/7/2009
Rep Conyers, John, Jr. [MI-14] - 6/23/2009
Rep Courtney, Joe [CT-2] - 7/8/2009
Rep Crenshaw, Ander [FL-4] - 5/4/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Davis, Danny K. [IL-7] - 6/26/2009
Rep Davis, Geoff [KY-4] - 5/6/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Dent, Charles W. [PA-15] - 5/6/2009
Rep Diaz-Balart, Lincoln [FL-21] - 7/10/2009
Rep Diaz-Balart, Mario [FL-25] - 6/18/2009
Rep Doggett, Lloyd [TX-25] - 4/21/2009
Rep Dreier, David [CA-26] - 6/10/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Edwards, Chet [TX-17] - 6/16/2009
Rep Edwards, Donna F. [MD-4] - 6/11/2009
Rep Ehlers, Vernon J. [MI-3] - 4/21/2009
Rep Fallin, Mary [OK-5] - 4/2/2009
Rep Farr, Sam [CA-17] - 7/8/2009
Rep Flake, Jeff [AZ-6] - 5/11/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Forbes, J. Randy [VA-4] - 5/20/2009
Rep Fortenberry, Jeff [NE-1] - 5/12/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] - 6/3/2009
Rep Fudge, Marcia L. [OH-11] - 7/9/2009
Rep Gallegly, Elton [CA-24] - 7/7/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Gerlach, Jim [PA-6] - 5/11/2009
Rep Giffords, Gabrielle [AZ-8] - 6/16/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Gohmert, Louie [TX-1] - 4/23/2009
Rep Goodlatte, Bob [VA-6] - 4/28/2009
Rep Granger, Kay [TX-12] - 4/28/2009
Rep Graves, Sam [MO-6] - 4/22/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Griffith, Parker [AL-5] - 6/16/2009
Rep Grijalva, Raul M. [AZ-7] - 6/3/2009
Rep Guthrie, Brett [KY-2] - 5/7/2009
Rep Hall, Ralph M. [TX-4] - 4/29/2009
Rep Halvorson, Deborah L. [IL-11] - 6/3/2009
Rep Hare, Phil [IL-17] - 5/11/2009
Rep Harman, Jane [CA-36] - 7/7/2009
Rep Harper, Gregg [MS-3] - 5/11/2009
Rep Hastings, Doc [WA-4] - 5/11/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Hensarling, Jeb [TX-5] - 5/4/2009
Rep Herger, Wally [CA-2] - 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] - 5/6/2009
Rep Hinchey, Maurice D. [NY-22] - 6/2/2009
Rep Hirono, Mazie K. [HI-2] - 7/8/2009
Rep Hoekstra, Peter [MI-2] - 4/28/2009
Rep Holden, Tim [PA-17] - 6/4/2009
Rep Hunter, Duncan D. [CA-52] - 5/13/2009
Rep Inglis, Bob [SC-4] - 4/23/2009
Rep Inslee, Jay [WA-1] - 5/12/2009
Rep Issa, Darrell E. [CA-49] - 6/16/2009
Rep Jenkins, Lynn [KS-2] - 4/23/2009
Rep Johnson, Henry C. "Hank," Jr. [GA-4] - 6/9/2009
Rep Johnson, Sam [TX-3] - 4/22/2009
Rep Johnson, Timothy V. [IL-15] - 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Jordan, Jim [OH-4] - 6/2/2009
Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Kaptur, Marcy [OH-9] - 4/23/2009
Rep King, Peter T. [NY-3] - 6/4/2009
Rep King, Steve [IA-5] - 6/11/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Kirkpatrick, Ann [AZ-1] - 7/14/2009
Rep Kline, John [MN-2] - 4/29/2009
Rep Kosmas, Suzanne M. [FL-24] - 6/17/2009
Rep Kratovil, Frank, Jr. [MD-1] - 6/4/2009
Rep Kucinich, Dennis J. [OH-10] - 6/11/2009
Rep Lamborn, Doug [CO-5] - 4/21/2009
Rep Lance, Leonard [NJ-7] - 5/11/2009
Rep Latham, Tom [IA-4] - 4/21/2009
Rep LaTourette, Steven C. [OH-14] - 4/28/2009
Rep Latta, Robert E. [OH-5] - 5/20/2009
Rep Lee, Christopher J. [NY-26] - 6/10/2009
Rep Lewis, Jerry [CA-41] - 6/24/2009
Rep Linder, John [GA-7] - 5/6/2009
Rep Lipinski, Daniel [IL-3] - 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] - 5/4/2009
Rep Loebsack, David [IA-2] - 6/10/2009
Rep Lofgren, Zoe [CA-16] - 7/7/2009
Rep Lucas, Frank D. [OK-3] - 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] - 4/21/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Lungren, Daniel E. [CA-3] - 5/7/2009
Rep Mack, Connie [FL-14] - 5/12/2009
Rep Maffei, Daniel B. [NY-25] - 5/12/2009
Rep Manzullo, Donald A. [IL-16] - 4/21/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep Markey, Betsy [CO-4] - 6/25/2009
Rep Massa, Eric J. J. [NY-29] - 4/22/2009
Rep McCarthy, Kevin [CA-22] - 5/4/2009
Rep McCaul, Michael T. [TX-10] - 4/21/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep McDermott, Jim [WA-7] - 4/29/2009
Rep McGovern, James P. [MA-3] - 6/10/2009
Rep McHenry, Patrick T. [NC-10] - 4/30/2009
Rep McHugh, John M. [NY-23] - 5/4/2009
Rep McIntyre, Mike [NC-7] - 6/10/2009
Rep McKeon, Howard P. "Buck" [CA-25] - 6/11/2009
Rep McMorris Rodgers, Cathy [WA-5] - 5/4/2009
Rep Melancon, Charlie [LA-3] - 7/10/2009
Rep Mica, John L. [FL-7] - 5/12/2009
Rep Michaud, Michael H. [ME-2] - 5/7/2009
Rep Miller, Candice S. [MI-10] - 4/28/2009
Rep Miller, Gary G. [CA-42] - 6/10/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Minnick, Walter [ID-1] - 5/13/2009
Rep Mitchell, Harry E. [AZ-5] - 6/9/2009
Rep Moran, Jerry [KS-1] - 5/4/2009
Rep Murphy, Christopher S. [CT-5] - 7/7/2009
Rep Murphy, Patrick J. [PA-8] - 6/9/2009
Rep Murphy, Scott [NY-20] - 7/9/2009
Rep Murphy, Tim [PA-18] - 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] - 4/28/2009
Rep Neugebauer, Randy [TX-19] - 4/30/2009
Rep Nunes, Devin [CA-21] - 6/12/2009
Rep Olson, Pete [TX-22] - 4/21/2009
Rep Ortiz, Solomon P. [TX-27] - 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] - 6/9/2009
Rep Pastor, Ed [AZ-4] - 5/20/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Pence, Mike [IN-6] - 4/21/2009
Rep Perlmutter, Ed [CO-7] - 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] - 5/13/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Pitts, Joseph R. [PA-16] - 4/28/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Polis, Jared [CO-2] - 6/11/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Putnam, Adam H. [FL-12] - 4/28/2009
Rep Radanovich, George [CA-19] - 5/6/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Reichert, David G. [WA-8] - 5/20/2009
Rep Roe, David P. [TN-1] - 4/21/2009
Rep Rogers, Harold [KY-5] - 7/14/2009
Rep Rogers, Mike D. [AL-3] - 5/13/2009
Rep Rogers, Mike J. [MI-8] - 5/20/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Rooney, Thomas J. [FL-16] - 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] - 4/28/2009
Rep Roskam, Peter J. [IL-6] - 6/2/2009
Rep Ross, Mike [AR-4] - 5/21/2009
Rep Rothman, Steven R. [NJ-9] - 6/18/2009
Rep Royce, Edward R. [CA-40] - 5/12/2009
Rep Ryan, Paul [WI-1] - 5/14/2009
Rep Sarbanes, John P. [MD-3] - 6/15/2009
Rep Scalise, Steve [LA-1] - 5/20/2009
Rep Schakowsky, Janice D. [IL-9] - 5/6/2009
Rep Schauer, Mark H. [MI-7] - 5/20/2009
Rep Schiff, Adam B. [CA-29] - 7/14/2009
Rep Schmidt, Jean [OH-2] - 6/11/2009
Rep Schock, Aaron [IL-18] - 5/6/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] - 5/7/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Shadegg, John B. [AZ-3] - 5/7/2009
Rep Shea-Porter, Carol [NH-1] - 6/9/2009
Rep Sherman, Brad [CA-27] - 6/23/2009
Rep Shimkus, John [IL-19] - 4/22/2009
Rep Shuler, Heath [NC-11] - 6/12/2009
Rep Shuster, Bill [PA-9] - 5/7/2009
Rep Simpson, Michael K. [ID-2] - 4/28/2009
Rep Slaughter, Louise McIntosh [NY-28] - 6/17/2009
Rep Smith, Adam [WA-9] - 4/22/2009
Rep Smith, Adrian [NE-3] - 4/28/2009
Rep Smith, Christopher H. [NJ-4] - 6/15/2009
Rep Smith, Lamar [TX-21] - 4/2/2009
Rep Snyder, Vic [AR-2] - 6/23/2009
Rep Souder, Mark E. [IN-3] - 6/16/2009
Rep Space, Zachary T. [OH-18] - 6/23/2009
Rep Speier, Jackie [CA-12] - 6/11/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep Sullivan, John [OK-1] - 7/8/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep Teague, Harry [NM-2] - 6/12/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Thompson, Glenn [PA-5] - 4/22/2009
Rep Thornberry, Mac [TX-13] - 5/21/2009
Rep Tiahrt, Todd [KS-4] - 4/28/2009
Rep Tiberi, Patrick J. [OH-12] - 4/28/2009
Rep Titus, Dina [NV-3] - 7/14/2009
Rep Tonko, Paul D. [NY-21] - 6/9/2009
Rep Turner, Michael R. [OH-3] - 5/13/2009
Rep Upton, Fred [MI-6] - 4/29/2009
Rep Walden, Greg [OR-2] - 5/4/2009
Rep Walz, Timothy J. [MN-1] - 5/7/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Welch, Peter [VT] - 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] - 4/2/2009
Rep Whitfield, Ed [KY-1] - 5/14/2009
Rep Wilson, Joe [SC-2] - 4/29/2009
Rep Wittman, Robert J. [VA-1] - 4/1/2009
Rep Wolf, Frank R. [VA-10] - 6/11/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Wu, David [OR-1] - 7/13/2009
Rep Yarmuth, John A. [KY-3] - 7/14/2009
Rep Young, C.W. Bill [FL-10] - 6/3/2009
Rep Young, Don [AK] - 3/6/2009

The Great American Bubble Marchine - Unearthing the truth and reality behind the supposed profits of Goldman Sachs

2009-07-15T08:11:00.000-07:00

This week, you may have heard several news channels and read several news stories that contend the multi-billion dollar profits that Goldman Sachs recently reported is proof that the economy is recovering. Don't buy the hype for one second. Matt Taibbi, editor of Rolling Stone, digs deep to expose the truth behind the hype of the supposed Goldman Sachs profitability in his piece entitled "The Great American Bubble Machine".

The Great American Bubble Machine - by Matt Taibbi
http://www.rollingstone.com/politics/story/28816321/inside_the_great_american_bubble_machine#

Below are videos of the story behind the story. It IS NOT the story itself.