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Ron Paul: Government should leave the economy alone

October 22, 2008 by  

Paul is calling for a significant tax cutThe U.S. government is mistaken if it thinks that it can help the American people by interfering with the free market, according to Texas Representative Ron Paul.

He told CNN’s American Morning program that the bailout will lead to inflation and will end up doing "no good whatsoever" for the country’s economic situation.

In addition, he criticized the idea that creating new money and encouraging spending provide the keys to boosting the economy.

Paul characterized these measures as typifying the "arrogant" belief of politicians and bureaucrats that they can regulate the free market.

Instead, the congressman from Texas called for a "drastic" tax cut that would allow Americans to "keep the money they earn."

When questioned about the future of the country, Paul replied that he finds weaknesses in the economic policies of both John McCain and Barack Obama.

However, when asked to differentiate, he said that the Republican’s healthcare plan offers "a better approach" but that the Democrat’s ideas about withdrawing from Iraq will save the U.S. billions of dollars.

Paul’s comments come as chairman of the Federal Reserve Ben Bernanke has suggested that another economic stimulus package is needed to help heal the ailing economy.

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  • Louis R. Suhy Sr.

    Need to tax the people in Texas more. If you like to take a good look at HB-CSA-and KBR ,don’t for get Black water.You will find 90% of all the people come from Texas. all tax free, and all related. I know, I was there 2006 and 2007. Iraq and Kuwait. All on the Tax payers money and all milking there jobs,You need to see it to beleave it. Brothers , sister, uncle, cussons close friends, You do not have to be qulifde to do the job ,Just get on the payroll, In possible to terminate them ,.They go from the very top of the chain of command to the bottom. What a monopole, all from Texas, Louis R. Suhy Sr. Only one GOD,

  • Gregory Stephens

    My insurance cover costs have been definitely too huge just lately, and so I’m making mental notes


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