Salon: Ron Paul Would Make The Reagan Revolution Look Like The New Deal
November 30, 2011 by Sam Rolley
An opinion piece published by Salon accuses GOP Presidential candidate Ron Paul as being a “phony populist” and a true friend of the wealthiest Americans.
Author Gary Weiss, investigative journalist and outspoken Wall Street critic, begins his article by citing remarks Paul made to Occupy protesters who interrupted a speech in Keene, N.H., last week.
Weiss describes the incident as “…the epiphany of the most dreadful presidential campaign in history…” before implicating Paul for being on the radical right, behind the times on foreign policy and a danger to middle-class and poor Americans.
Paul told the Keene hecklers that he was very much on the side of the 99 percent, but that government in the United States was more responsible for the economic disparity than those who work on Wall Street. The candidate continually reiterates his belief that it is the government who controls the money supply and provides massive bailouts to manipulate free markets. Weiss, however, contends in his article that Paul’s message is little more than impressive showmanship at best and, at worst, total fraud.
Of the candidate’s “Plan To Restore America,” which calls for massive reduction in government spending by trimming bloated bureaucracies, Weiss writes:
“This is not a plan for the 99 percent. It is about as much of a 1 percent-oriented ideological meat cleaver as you can find anywhere in the annals of politics.”
Weiss’s article comes just two days after Bloomberg published a long-anticipated report detailing how the Federal Reserve — Paul’s sworn enemy — secretly provided an estimated $13 billion of income to big banks by allowing them to take advantage of below-market rates during the 2007-2008 financial crises.
A statement on Paul’s website says of the findings: “While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.”
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