Business

Ron Paul and Rep. McCotter Confront Bernanke on Inflation, Monetary Policy

Stocks reacted poorly after Ben Bernanke, the Chairman of the Federal Reserve, was pushed by members of Congress, including Ron Paul (R-TX) and Thaddeus McCotter (R-MI), to explain current federal monetary policy

“In terms of the credit still not getting to potential borrowers,” Rep. McCotter said in reference to Bernanke’s testimony and written remarks, “what, specifically, do you think the reason for that is? And what do you think could specifically be done about it (if not by you)?”

Rep. McCotter continued:

Just a question about how this operates…it says here on page 6, “the target range for the federal funds rate remains at zero to a quarter percent.” Now, when that type of rate remains in effect, does that have an effect on the personal savings interest rates that individuals who bank get and, if that is the case and that, somehow that, let’s say, stopped them from getting a higher rate of return, would that not constitute them essentially subsidizing the operations to try to get money to, say, the banks or to other people who are still not giving the credit?

“Well,” Bernanke responded, “on the latter point, we are certainly paying attention to the effects of low interest rates, not only on savers, but on other financial institutions and the like.”

Bernanke continued:

The banks complain about the low interest rates. They say that that reduces their net interest margin so it’s not a “profitable” thing from their perspective. I would say from the point of view of savers though, for most savers, I think (on average) something less than 10 percent of all savings by retirees is in the form of fixed interest instruments like CDs.

Remember, people also own equities, they own money market funds, they own mutual funds, they have 401ks, and a variety of things. And those assets are assets whose returns depends very much on how strong the economy is.  And so, in trying to strengthen the economy, we are actually helping savers by making the returns higher as we can see as its happening in the stock market for example.

Watch Rep.Thaddeus McCotter question Bernanke on how monetary policy has affected inflation, saving, the health of the economy, and the stock market:

The Dow, which had been up by as many as 51 points, reversed course as Bernanke started speaking. It turned negative within the hour. The current market losses are broad, with nine of the 10 industry groups in the S&P 500 losing ground. Materials and energy stocks had the sharpest declines, while consumer products and financial companies were nearly flat.

The price of gold was virtually unchanged until 10 a.m., just as Bernanke started speaking, then fell more than $70 an ounce. It recovered some of its losses and was down about $50 an ounce at $1,738.

Rep. Ron Paul, who has long been a vocal opponent of the Fed’s monetary policy, questioned Bernanke on the dangers involved with printing more money, namely, inflation.

“In January, at one of your press conferences, you sort of poked a little bit of fun at people to downplay the ‘two percent’ inflation rate,” Rep. Paul said to Bernanke.

“But if you say it’s two and I say it’s nine, let’s compromise for the sake of argument that it’s five percent. Then you said that ‘it doesn’t hurt you unless you’re one of those people who stick their money in the mattress.’ But where are you going to put it?” Rep. Paul asked.

“Are you going to put it in a CD and not make any money at all? This doesn’t make any sense. It doesn’t encourage any savings and it just discourages people,” he added.

Watch Rep. Paul explain to Bernanke his take on the real inflation rate and price increases (via Business Insider):

“Gas prices will add to inflation,” Bernanke said, “while unemployment is falling faster than expected.”

Bernanke went on to say that the job market is still “far from normal” and that more stimulus measures may be needed, according to a recent CNBC report. However, given the rest of Bernanke’s testimony, many analysts believe further economic stimulus by the government is unlikely.

The Associated Press contributed to this report.

Comments (159)

1 2 3
  • BlackCrow
    Posted on February 29, 2012 at 2:28pm

    With 16 trillion in federal debt if the interest rates were to increase to historical levels the largest line item on the federal books will be interest. As it stands today the rates on ten year treasuries is a couple ticks under 2%. If that were to increase to 6% the government would have to chose between Social Security or debt service. Then who would be pushing grandma off the cliff?

    And Bernanke is talking about more stimulus. Creating more money during a time of wage contraction, with inflation in some sectors and deflation in others? The fuse has been burning for some time and nobody knows how to snuff it out or how long it is going to take for the powder to blow.

    Report Post » BlackCrow  
    • Razorhunters
      Posted on February 29, 2012 at 3:21pm

      actually closer to 125trillion+…unbfunded debt.

      Report Post » Razorhunters  
    • SgtB
      Posted on February 29, 2012 at 3:28pm

      Let’s be truthful here. Grandma pusher herself off a cliff when she either sat back and let the members of Congress incur debt upon her behalf, guarantee her a retirement and medical care on said debt, and sold the next generation down the river by saddling them with her debt; or she voted for and is complicit in all of these things. Any person who by now does not understand that the soc. sec. trust fund is entirely made up of gov‘t IOU’s called bonds which must be repaid by the current and future taxpayer because the same people who contributed to the account received the benefit of its expenditure on welfare programs and bridges to nowhere, is a fool. Old people who didn‘t see this coming a mile away should not be held up on a pedestal by our gov’t at the expense of the rest of us. It is damn frustrating being a member of a generation that sees what is coming and will have to weather the storm while our grandparents are living out their days taking vacations and living in a home bought and paid for on the back of my generation and my parent’s generation. If they had earned and saved that money themselves, I would have no problem with their lifestyle, but they didn’t.

      Report Post » SgtB  
    • Razorhunters
      Posted on February 29, 2012 at 3:29pm

      unfunded.

      Report Post » Razorhunters  
    • black9897
      Posted on February 29, 2012 at 3:46pm

      Ron Paul: Do you believe gold is money? Bernanke: …………….No. PWND!!

      Report Post » black9897  
    • 000degrees
      Posted on February 29, 2012 at 3:54pm

      The ruling class considers themselves untouchable and you can see it in their demeanor and attitude. When we finally get to the boiling point it’s going to be ugly if not well deserved.

      Report Post »  
    • Ookspay
      Posted on February 29, 2012 at 4:40pm

      Let the games begin, I expect Obama to create a major distraction in the next 18 hours…

      http://www.wnd.com/2012/02/media-finally-paying-attention-to-eligibility/

      Report Post » Ookspay  
    • Vindex.Dogood
      Posted on February 29, 2012 at 5:27pm

      Ron Paul Confronts Bernanke: “Do You Buy Your Own Groceries?” The Congressman then pulled out a silver eagle, explaining that it has retained it’s real worth and that hard assets should be used as currency as outlined in the Constitution.
      Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons. “That’s preservation of value,” said Paul.

      Here is a better account of this story. http://www.prisonplanet.com/ron-paul-confronts-bernanke-do-you-buy-your-own-groceries.html

      The Blaze has to be careful not to show Ron Paul in too good of a light. We all know the Blaze is in the tank for Santorum (the fake).

      Report Post » Vindex.Dogood  
    • mwhaley
      Posted on February 29, 2012 at 5:42pm

      Our lying parasite President Pookie is going to make a series of speeches telling the 48% that believe his crap the economy is getting better. He will sing a little, the media will swoon, and all is good.

      Report Post »  
    • SychinLegacy
      Posted on February 29, 2012 at 8:11pm

      There‘s no doubt that all of Beck’s media is kneeling before the altar of Santorum. The entire show today was about how Ron Paul is making pacts with everyone including the devil for every possible reason under the sun. And then him and Pat have the nerve to get up and say that the Republicans should shut Paul up because he might cost Romney or Santorum the election since his followers will never vote for those progressive liars.

      What happened to defending freedom of speech. Or better yet, what happened to defeating the status quo?

      Report Post » SychinLegacy  
    • ashestoashes
      Posted on February 29, 2012 at 9:15pm

      Last I heard we are 15 trillion in the hole with an open check to the banks for 16 trillion..Want to know who owns more than we owe..It’s the Ronthchilds,,heads of the federal reserve..who have forced nations into the Reserve since the 1600′s with wars..Know what they’re worth? Close to 500 trillion..guess who owns the media and stays out of the media?

      Report Post »  
    • TJeff1
      Posted on March 1, 2012 at 8:16am

      SYCHIN..,

      Exactly! Beck is such a hypocrite he used to be against the FED and for real financial change, now if you vote for anybody except Paul it is most definately a vote for the status quo. None of the 3 other candidates are cutting the budget except Paul! Nobody except (very recently) Gingrich is talking about pulling power from the FED.

      It makes no sense. But all these Blaze idiots WILL eventally understand that this is the only way to go when the system collapses. Trust me they WILL REGRET NOT ELECTING a sound money conservative!!!!

      It will be especially bad if it collapses during a RINO presidential term. All the Liberals will want outright Communism. They will say “See Capitialism didn‘t work under Romney the ’Capitalist’ We need Socialism/Communism.“ All the while the ”sheep” (read Beck, Blaze, & other RINO supporters) don‘t even understand that we have not had anything close to Capitalism since 1970’s when Nixon closed the gold window.

      Report Post »  
    • BarackStalin
      Posted on March 1, 2012 at 3:25pm

      Don’t worry. THE PARTY has a plan for dealing with all of this debt…

      First they run up so much debt that you would have to enact 90% income tax in order to pay for the debt.

      Then they convince the people that they can just seize the property of the rich instead.

      Then they drag 25 million people out into the street and shoot them if they disagree.

      Then they seize all the private property from everyone.

      And that’s how communism has been born many times around the world. It’s no big secret.

      Report Post » BarackStalin  
  • TRILO
    Posted on February 29, 2012 at 2:27pm

    I would like to smack that smug grin right off his face.

    Report Post » TRILO  
  • canthaveitall
    Posted on February 29, 2012 at 2:26pm

    the photo of bernanke on the blaze when you click on this story- is he sitting there giving the finger to the committee he is in front of- his hand is resting against his face and it appears he’s giving a sly F.U. to the committee. gee- is he really telling us all-he does not care what anyone else thinks, he will do what he wants- and this country be damned. get rid of him.

    Report Post »  
  • abbygirl1994
    Posted on February 29, 2012 at 2:24pm

    Barney, the greatest threat to America is in the White House, along with all his cohorts.. I am shocked that Ron Paul is still working while running for president!! Bernanke needs to be in prison along with the rest of this administration! Bernanke has the gall to sit there and lie about the economy coming back.. I will beso happy when all tese people are exposed.. but to do that we have to get them out of Washington.. Only then will we find out the real damage these twerps have done. Lord in Heaven help us all! “If ye are prepared, ye shall not fear”!

    Report Post » abbygirl1994  
    • Razorhunters
      Posted on February 29, 2012 at 3:30pm

      treason and sedition…get a rope and make windchimes…

      Report Post » Razorhunters  
    • soybomb315
      Posted on February 29, 2012 at 5:49pm

      Why are you shocked that ron paul is still working? He has been on this issue for 30 years. If you think bernake should be in prison…you must realize that if it werent for ron paul, NOBODY would be paying any attention to this. The federal reserve is not exactly a platform of the republican party.

      The way ron paul has spread the message over the last 4 years is amazing. If i could change one thing about the economy – it would be the federal reserve

      Report Post » soybomb315  
    • Texas Chris
      Posted on March 1, 2012 at 7:12am

      Here here! Ron Paul MADE this an acceptable topic.

      Report Post »  
  • Vechorik
    Posted on February 29, 2012 at 2:22pm

    What kind of America do I envision?

    How about one where our God-given rights are respected?

    Where our federal government stays within its constitutional limits, doesn’t spend more than it takes in, and has a balanced budget?

    Where our defenses are stronger than ever, because we’re not stretching our fighting men and women thin all over the globe?

    Or where you and I don’t have to have our privacy invaded and our dignity stripped away just to get on a plane?

    I’m voting Ron Paul!

    Report Post »  
  • Eric_The_Red_State
    Posted on February 29, 2012 at 2:21pm

    The Glass–Steagall Act of 1933 was developed to stop the likelyhood of a devistating crash like that in 1929. It seperated banks – securities and insurance companies. All three are big – but when you combine the three it makes for companies that are “TOO BIG TO FAIL” — It was working well until Billy Bob Clinton decided to do away with it by signing the Gramm–Leach–Bliley Act. (Unfortunately brought to you by a group of Republicans) –

    Now ask yourself – - WHY would they allow banks to get to a point where they were too big to fail?

    Greed.
    Plain and simple.

    The problem with FIXING the problem is the same thing that is going on in Greece. They all want the programs to be fixed….. but leave MY program alone.

    Which means – when THAT hits the USA —- we—– are ——- screwed

    Report Post » Eric_The_Red_State  
    • Razorhunters
      Posted on February 29, 2012 at 3:34pm

      govt is a 2 headed snake…r and d both poisonous , both habitual bs artists and thieves.

      only way to fix this is to shut it down or revolution.

      Report Post » Razorhunters  
    • Razorhunters
      Posted on February 29, 2012 at 3:35pm

      it was deliberate…it was deliberate.

      Report Post » Razorhunters  
  • discus02
    Posted on February 29, 2012 at 2:20pm

    The real reason if the interest goes up the finance rate on our national debt will too. dirty Secret and inflation. Odumba thinks we are stupid. But only the stupid ones voted for Odumba!

    Report Post »  
  • Vechorik
    Posted on February 29, 2012 at 2:20pm

    The Christian Science Monitor
    “Keen on slashing the national debt? Ron Paul is your man.”
    http://www.csmonitor.com/USA/Elections/President/2012/0223/Keen-on-slashing-the-national-debt-Ron-Paul-is-your-man

    Bloomberg:
    “Paul Is Only GOP Contender Whose Policies Would Pare Debt, Analysis Finds”
    http://www.bloomberg.com/news/2012-02-23/paul-s-plan-would-lower-debt-while-rivals-wouldn-t-report-says.html

    Reason:
    “New Report on GOP Primary Contenders Says Only Ron Paul Would Reduce the Federal Debt”
    http://reason.com/blog/2012/02/23/new-report-on-gop-primary-contenders-say

    Report Post »  
  • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
    Posted on February 29, 2012 at 2:18pm

    Maybe it’s me. But if I were a Ron Paul supporter, I would be totally embarrassed to have to feel almost coerced or forced to have spin the rest of the ridiculous Ron Paul lunatic line (foreign policy, drugs, isolationism, pacifism etc) to talk monetary policy and economics.

    I mean… he’s an intelligent guy when it comes to economics and some related issues, but it has to gnaw at your common sense that you have to actually agree with this rube on everything else. Don’t you have any pride in yourselves?

    I don’t know… maybe it is all about the drugs with Paul supporters! Either way… it HAS to be embarrassing… c’mon… admit it for once!

    Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Vechorik
      Posted on February 29, 2012 at 2:25pm

      I admit you know nothing about Ron Paul, nor the Constitution.

      Report Post »  
    • progressiveslayer
      Posted on February 29, 2012 at 2:34pm

      I admit you‘re wrong about Paul consistently and you have no understanding of Paul’s positions.

      Report Post » progressiveslayer  
    • justangry
      Posted on February 29, 2012 at 2:36pm

      Yup… all that progressive stuff you mentioned. We’re embarrassed alright. Argue that any of these things you mentioned didn’t come about during the progressive era. Wisonian foreign policy and all the vice laws that the angry old women and push over men crammed down our throats by way of progressive legislation and interpretation of the constitution.

      Report Post » justangry  
    • rukdnme13
      Posted on February 29, 2012 at 2:36pm

      Why dont you go to wikipedia and do aliitle research on what it is to be Libertarian, most conservatives would probably agree with the ideas as they are based in individual libetry AND personal responsibility! Of course you might think that Newt, Santorum, Romney are really conservatives!!!! (wink,wink, nudge,nudge say no more)

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 2:39pm

      VECHORIK. I was sworn to uphold the Constitution over and over again for 32 + years… more than I can say for your average Military bashing, democratic talking point Ron Paul supporter. AND I know much more about Ron Paul than your average Ron Paul supporter… who wasn‘t even a glimmer in mommy’s and daddy’s eyes when I, and many others here were making our bones and watching the lunacy of Ron Paul from damn near the beginning.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 2:43pm

      RUK. Yeah tell me about it….

      For a conservative, there can never be a libertarian option because the conservative understands the social contract. He learned this in fourth grade when he figured out his obnoxious behavior annoys others, and if he shoots off his mouth, he might get beaten up.

      The conservative understands the relationship between rights and responsibility, liberty and license. He recognizes that individual behavior is not always a private matter. Sometimes it’s between you and society, you and your neighbor, you and the vulnerable. Sometimes your behavior is, in fact, somebody else’s business.

      The conservative understands that laws have the power to order behavior and encourage civilized society. The libertarian loses sleep, believing that legal restrictions and social norms exist just to oppress him. He could not be more wrong. No one is thinking of him at all.

      With all the libertarian emphasis on personal liberty, there is remarkably little attention paid to personal obligation. In fact, the notion of obligation itself is almost anathema: No one should be forced to do anything.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Vechorik
      Posted on February 29, 2012 at 2:45pm

      I’m a Viet Nam vet and because you swore to uphold the Constitution, doesn’t mean you know how to do so. I think you are very misguided as to what a conservative and the Constitution means.

      Report Post »  
    • Vechorik
      Posted on February 29, 2012 at 2:49pm

      Tea Party movement: Definition
      From Wikipedia, the free encyclopedia

      The Tea Party movement is an American populist political movement that is generally recognized as conservative and libertarian, and has sponsored protests and supported political candidates since 2009. It endorses reduced government spending, opposition to taxation in varying degrees, reduction of the national debt and federal budget deficit, and adherence to an originalist interpretation of the United States Constitution.

      Tea, anyone?
      I’m voting Ron Paul!

      Report Post »  
    • UBETHECHANGE
      Posted on February 29, 2012 at 2:50pm

      @RUKDNME13 Wikipedia?!? That’s the reason you have no clue what your talking about.

      Report Post »  
    • techengineer11
      Posted on February 29, 2012 at 2:52pm

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12

      This idiot hates our Constitution and our Founders.. He would not have voted for Washington Jeffferson or Adams because they didn‘t look pretty enough to him or didn’t speak in the tone he prefers..
      Surely all folks from Ireland aren’t as pathetic as this tramp. Personally I think he’s had too much of the Neo-Con root juice.

      Report Post » techengineer11  
    • justangry
      Posted on February 29, 2012 at 2:58pm

      LMAO, UBETHECHANGE… you dis people for using Wiki but have talked favorable about history books written by David Barton.

      Report Post » justangry  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 3:00pm

      VECHORIK. I read a lot of Adam Kokesh type Vets (and obvious posers) on here talking up Ron Paul. I don’t know whether you are or not, but IMO no self respecting Vet (’Nam or otherwise) that I know of… would ever… EVER… align themselves with someone who aligns themselves with someone who constantly insults the Military like Ron Paul does, or connects themselves with Adam Kokesh type ideals, views, attends or publicizes his events etc.

      Remember… I said… self-respecting Vets. Kinda’ like John Kerry / John Murtha from the other side of your conjoined leftist partnership.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 3:05pm

      TECHENGINEER. The two topics that really flips your switch… Jews and me. Could you imagine if I were Jewish and NOT an Irish Catholic? Lol. I hear David Duke calling TECH. He’s saying… where is my neo-neo-Nazi beotch! Lmao!

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Vechorik
      Posted on February 29, 2012 at 3:14pm

      I have NEVER in my years heard Ron Paul “insult” the military and I challenge you to find one quote or video of him doing so. Ron Paul is a Viet Nam flight surgeon who served when his country called. That’s more than any other candidate did. NONE of them have military service. Santorum has a fake ad out leading people to believe he served 8 years in the “armed forced” — Yes, the armed forces COMMITTEE in Washington!

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 3:46pm

      Ron Paul’s repeated characterizations of our most recent wars were “illegal.” These statements are a personal affront to every Veteran of the Iraq and Afghanistan conflicts.

      After all, if the wars were truly illegal, it would follow that our Veterans who prosecuted them must be criminals because American Soldiers are duty bound under the military’s Uniform Code of Military Justice to refuse to carry out any illegal order. Moreover, not only would the aiding of the prosecution of an “illegal war” itself be illegal, it would be a clear violation of the solemn oath taken by every Military Service Member. That oath requires them to uphold the constitution and to follow lawful orders. Engaging in illegal wars would violate both precepts. So, Paul implies that every Veteran, because of their Service in the wars, has violated the law and broken their word of honor.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • pdumar
      Posted on February 29, 2012 at 4:02pm

      First, Ron Paul supporters do believe in a social contract, the Constitution. Drugs, prostitution, pornography, and abortion should be regulated at the State level per the 10th Amendment. Second, one man‘s social contract is another man’s tyranny. Would you like to take part in the social contract of the Islamic Republic of Iran? Their government legislates the morality of drugs, prostitution, pornography, adultery, premarital sex and other social issues quite effectively.

      Report Post »  
    • Shane74
      Posted on February 29, 2012 at 4:46pm

      It’s fun reading your fake ignorance! Thank you for pretending to be dumb for our entertainment purposes!

      Now please, carry on with your nowhere-near-reality analysis of Ron Paul!

      Paul 2012!

      Report Post » Shane74  
    • Shane74
      Posted on February 29, 2012 at 4:49pm

      Time, it must really hurt your gaping hole that Ron Paul raises more political donations from the active military members, than all of the other candidates PLUS Obama, COMBINED!

      We all get your game. But your too transparently stupid to pull it off and convince anybody of your ********.

      Also, don‘t claim you’re way older than all of the Ron Paul supporters, it just adds to your lame and fake claims.

      Report Post » Shane74  
    • Vechorik
      Posted on February 29, 2012 at 4:54pm

      The last “legal” war was WWII.
      Ron Paul supports the troops. He detests the shredding of the Constitution.
      Millions of soldiers also detest the shredding of the Constitution
      as Ron Paul receives more donations from the military than all presidential candidates COMBINED.

      If you truly support our troops — you would listen to them:
      Urgent Message from the Troops: http://www.youtube.com/watch?v=4MxT_i6zREc

      Report Post »  
    • Vechorik
      Posted on February 29, 2012 at 4:55pm

      As far as war, you need a history lesson regarding the Middle East:

      http://www.youtube.com/watch?v=fy3KDYE5KQE

      Report Post »  
    • matt1776
      Posted on February 29, 2012 at 5:14pm

      Actually, as a conservative, I am more embarrassed we have people such as yourself in this party. The intellectual bankruptcy of your positions is astounding. Someone comes along and DARES to suggest that drug enforcement isn’t the per-view of our federal government, and you have a conniption. You are the problem with this party, Ron Paul has a different opinion then you! Better mount your high horse and blanket condemn all his supporters as drug users! You have no concept of liberty, federalism, or common decency… Nor do you realize that objecting to big government in some areas, but supporting in others, is just license for big government to grow everywhere(see the last 100 years) Either way, you will wake up one day and realize your stupidity, but whether its before or after the dollar explodes, will make all the difference. Intellectual purity matters, but sadly the concept of Liberty has long been removed from the mind of the modern American “conservative”.

      Report Post »  
    • Baddoggy
      Posted on February 29, 2012 at 5:49pm

      Time 2 end…is an embarassment to all mankind. I smell douche aromas every time i read his drivel..

      Report Post » Baddoggy  
    • Boycott the Media Let the People Decide
      Posted on February 29, 2012 at 6:04pm

      @ Time to End: So you are actually criticizing yourself it appears with your own statement!

      “I mean… he’s an intelligent guy when it comes to economics and some related issues”

      Yet prior you state he’s a lunatic! You can’t have it both ways there kool-aid drinker……it’s called hypocrisy.

      It would be the same as saying you agree with Jeffery Dahmer’s choice in women just not what he does with them….

      Report Post »  
    • Boycott the Media Let the People Decide
      Posted on February 29, 2012 at 6:22pm

      @TIMETOEND
      You still have not provided a clip of Ron Paul insulting the troops, there are several of him insulting the Presidents who started illegal wars none I’ve seen on the troops?

      “Remember… I said… self-respecting” — Correct, you do not know any of these as you are self-serving for your interests.

      “Ron Paul’s repeated characterizations of our most recent wars were “illegal.” These statements are a personal affront to every Veteran of the Iraq and Afghanistan conflicts.” — Wrong these statements are of Constitutional fact and are a personal affront to every PRESIDENT who has taken us to them. Us troops are required to obey orders given. Your interpretation is just that an interpretation which means opinion.

      “So, Paul implies that every Veteran, because of their Service in the wars, has violated the law and broken their word of honor.” — again Implies is your interpretation not fact, you want to argue opinions good luck with that. However, the Constitution specifically states the process to go to war, that process has not been followed since WWII, that is not an interpretation, that is FACT.

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 6:50pm

      Back in May, Congressman John Mica (R-Fl) offered an amendment to the National Defense Authorization Act for Fiscal Year 2012. Here is the amendment Paul groupies.

      H.Amdt. 318: An amendment numbered 38 printed in House Report 112-88 to require that the rules of engagement allow any military service personnel assigned to duty in a designated hostile fire area to have rules of engagement that fully protects their right to proactively defend themselves from hostile actions.amending H.R. 1540: National Defense Authorization Act for Fiscal Year 2012.

      The amendment passed 260 to 160 and for that as Retired Army… I was very pleased. But what I have been trying to understand is how anyone, be they liberal or progressive or moderate or conservative, Republican, Democrat or Libertarian could vote against this amendment. What moral grounds could they possibly have? The liberals and progressives I understand because IMO they have no moral values. But, eighteen Republicans voted against this amendment and one of them wants to be our President… Ron Paul.

      Yesiree… that’s what I call supporting the troops Ron Paul.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • justangry
      Posted on February 29, 2012 at 7:14pm

      Because, the bill allowed for indefinite detention of US citizens. A congressman can’t line item veto the crap. BTW, News from the nullification efforts of that atrocity

      http://www.youtube.com/watch?v=GMmxp7fDBtU

      Report Post » justangry  
    • Boycott the Media Let the People Decide
      Posted on February 29, 2012 at 7:15pm

      “Yesiree… that’s what I call supporting the troops Ron Paul.”

      FINALLY, WE AGREE, you see know when the troops come home and are in anyway knowingly or not “assumerd” to be associated with any hostile forces, they can be arrested indefinitely without trial against the Constitution, in which that National Defense Authorization Act says, and Paul voted against the amendments and voted against the bill, to SUPPORT THE TROOPS RIGHTS TO A 6th AMENDMENT GIVEN BY THE CONSTITUTION.

      You see, using your logic, if Congress where to pass a bill to strip every citizen of their God given rights, you would say that’s ok as long as their is an amendment in their for a certain item. Ron Paul says if I”m voting against an unconstitutional bill, NO amendment can butter it up enough to support it, It’s STILL UNCONSTITUTIONAL!.

      I’m sure there are “amendments” in the healthcare bill you may like, is the whole bill good because of them?

      Report Post »  
    • Boycott the Media Let the People Decide
      Posted on February 29, 2012 at 7:16pm

      Time To End…….Bart Stupak, Olympia Snowe, Ben Nelson is that you????

      Report Post »  
    • Lord D.O.O.M.
      Posted on February 29, 2012 at 7:24pm

      @ TIME_2_END_THE_PAUL_CAMPAIGN_IN_12

      Sound like a very small amendmit ? Are you sure its only those few pharagraphs ? I myself am military. But I do not place us above the value of our republics freedom. Ending the Fed is to damn important to let minor issues like this get in the way of the greater valued target. I know you can not be for our current fiat system. I read your posts. Your are a bigger man than that good sir.

      Aim High

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 8:35pm

      This should give us all a good idea of just how much Ron Paul values the military.

      After the conclusion of the Iowa caucus, U.S. Army Reserve Corporal Jesse Thorton (tattoo neck for Paul), while in uniform, appears on stage in front of the nation to endorse Ron Paul publically. In 30 seconds, he pretty much ended a 5 year military career.

      That was in itself, a monumentally stupid decision. Active/Reserve/Guard Military members are NOT allowed to participate in rallies, give speeches, or endorse any candidate while in uniform. Ron Paul, a former Air Force Officer himself, KNOWS this because he has made his Military Service a big part of his campaign.

      And yet, Ron Paul let it happen. He smugly stood up there next to this kid, knowing full well that this kid was violating the UCMJ and yet he let him do it, each word of praise making for more intriguing testimony at the Corporal’s upcoming courts-martial.

      Ron Paul committed the gravest of sins in the military… he hung a Military ‘brother’ out to dry for a campaign endorsement. He profitted off of this young man’s lapse in judgement and poor decision making skills.

      Way to go CPT Paul…. way to go.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Boycott the Media Let the People Decide
      Posted on February 29, 2012 at 9:10pm

      “And yet, Ron Paul let it happen. He smugly stood up there next to this kid”

      Troll, Troll, Troll your boat, gently down the stream…….

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on February 29, 2012 at 9:26pm

      Let’s hear it for Ron Paul. Just a couple more…

      Ron Paul stated that he was in favor of coalition building with the Military hating Code-pink.

      Ron Paul called TRAITOR and Army PVT Bradley Manning a HERO and PATRIOT for information he leaked that may have inadvertantly gotten U.S. MIlitary personnel killed.

      I could go on for hours… but it‘s late and I’m getting tired.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • A Hoosier Says
      Posted on February 29, 2012 at 9:31pm

      Time 2-

      Just curious. What does it feel like to despise someone so greatly (even though you obviously know nothing about the person) that you create an internet name to bash that person on a daily basis? Can you please explain what that feels like and exactly how miserable and pathetic of a life you live?

      Report Post » A Hoosier Says  
    • ianmc002
      Posted on February 29, 2012 at 10:12pm

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12

      You are a DD and are ignorant about Dr. Paul. lol you state you know him better than his followers.

      Every vote, every bill Ron signs, votes for has to do with liberty, or returning states rights (from the federal government). If something in a bill is not paid for…it gets voted against. If it is un-Constitutional…it gets voted against. Very simple.

      Bring it on you Becker.

      Report Post » ianmc002  
    • resme
      Posted on March 1, 2012 at 1:32am

      Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost. – John Adams

      Report Post » resme  
    • Texas Chris
      Posted on March 1, 2012 at 7:15am

      I hate to break it to you, but Ron Paul’s understanding of the constitution dictates his economics, and his economic understanding dictates his foreign policy.

      It’s the only consistent platform offered in 2012.

      Report Post »  
    • WakingSheep
      Posted on March 1, 2012 at 8:10am

      Kids sure say the darndest things….
      Too bad your an adult which just makes your statements ignorant……

      I’m a Ron Paul supporter. You don‘t know me or why I’m a Ron Paul supporter.
      So quit calling us all potheads!
      I’m a 26 year old quality engineer working in aerospace! I love the Constitution!
      I support Ron PAUL!! Nuf said!

      If you don’t like him; go vote for your big government buddies; Romney,Santorum, Gingrich.
      I don’t smoke weed but I understand that per the Constitution; I can consume a gallon of gasoline if I feel like it. As long as I don’t force that on somebody else.
      Wake up and get informed jack@ss.

      Report Post »  
    • ianmc002
      Posted on March 1, 2012 at 11:16am

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      You stated…
      “Back in May, Congressman John Mica (R-Fl) offered an amendment to the National Defense Authorization Act for Fiscal Year 2012. Here is the amendment Paul groupies.
      H.Amdt. 318: An amendment numbered 38 printed in House Report 112-88 to require that the rules of engagement allow any military service personnel assigned to duty in a designated hostile fire area to have rules of engagement that fully protects their right to proactively defend themselves from hostile actions.amending H.R. 1540: National Defense Authorization Act for Fiscal Year 2012.”

      You make me laugh. REALLY. Show me the FULL text of your Amendment and I will tell you why Ron voted against it. Remember the “Patriot Act”? Not very patriotic was it? You are basing your conviction off a title name “save the puppies” but that does NOT necessarily mean it’s gonna save the puppies now does it? I don’t care HOW good the surface of a bill looks, you have to look at it in its entirety you dolt.

      Time you are a DOLT. Show me the full text rather than giving the typical Becker partial truth moron. You have NO idea what else was in that bill.

      Ian

      Report Post » ianmc002  
  • nobull14
    Posted on February 29, 2012 at 2:17pm

    Beranke should be fired for Treason and arrested and we should audit the federal reserve to see what damage has been done !!!!!!!!!

    Report Post »  
  • inferno
    Posted on February 29, 2012 at 2:17pm

    My response to his statement : No s–t Sherlock ! I’m sure happy he is one of the “smart” people who is in a position of authority ! How would we ever survive without a group of intelletual
    A– h–es like him ?

    Report Post »  
  • gpk
    Posted on February 29, 2012 at 2:16pm

    Unemployed, under employed, those given up looking for work. Figures closer to 20%. And what of all the high school & college graduates in the next few months will they all find jobs? Doubt it. Barry you have been a disaster as POTUS. Resign sir.

    Report Post »  
  • gpk
    Posted on February 29, 2012 at 2:04pm

    Will our economy survive until November? Odds don’t look good. This may be more nastier than anyone of us can comprehend.

    Report Post »  
  • Vechorik
    Posted on February 29, 2012 at 2:04pm

    RASMUSSEN POLL: Obama Approval at 45%, Lowest in Month—President Falls Behind Romney and Paul…

    Romney 45% Obama 43%…
    Paul 43% Obama 41%
    Obama 45% Santorum 43%
    Obama 49% Gingrich 39%… Developing…

    It’s on DRUDGE :-) http://m.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

    Report Post »  
    • SquidVetOhio
      Posted on February 29, 2012 at 2:15pm

      Do you guys understand that polls this far out mean squat? Just a recent history lesson on polls in the last 20 -30 years would show that. Last election, McCain was leading by more than the margin of error less than 2 weeks out. They are meaningless. Most mind numb Americans aren’t paying any attention until after the conventions.

      Report Post » SquidVetOhio  
  • Ponyexpress
    Posted on February 29, 2012 at 2:01pm

    Paul is the only one in the congress with the onions to tell it like it is.
    There are many reasons I’d like to see him nominated and elected, one of them would be to see the faces on all the pundits,and Bernanke when he fired is arrogant behind.

    Report Post » Ponyexpress  
  • UBETHECHANGE
    Posted on February 29, 2012 at 2:00pm

    Ron Paul US Treasury Secretary!

    Report Post »  
    • TRILO
      Posted on February 29, 2012 at 2:26pm

      What good would that do if the Federal Reserve is still in power, with no oversight or audits and still subject to the same mandate that Congress has set for them? Sorry but nothing. The Treasury Secretary operates at the pleasure of the President. I can not see any of the three other candidates asking Ron Paul to be Treasury Secretary as they believe in the status quo of our monetary policy. They also know that he would be on their heels about the federal debt, another issue the others do not have a plan to address. Until these two issues are solved our country will continue to operate with fiat money to the benefit of the TBTF, wall street big wigs, the welfare and warfare state and not to the middle class. Period.

      Report Post » TRILO  
    • True American66
      Posted on February 29, 2012 at 2:29pm

      I’ll second that!

      Report Post »  
    • UBETHECHANGE
      Posted on February 29, 2012 at 2:33pm

      @TRILO I never said I want to keep the treasonous Fed Reserve intact. I say we abolish them. End of story.

      Report Post »  
  • Vechorik
    Posted on February 29, 2012 at 1:59pm

    Ron Paul To Ben Bernanke: “People Lose Trust In The Government Because You Lie To Them About Inflation”

    http://www.zerohedge.com/news/ron-paul-ben-bernanke-people-lose-trust-government-because-you-lie-them-about-inflation

    Report Post »  
  • NOBALONEY
    Posted on February 29, 2012 at 1:56pm

    No quantative easing. Wall Street sinks into red and below their prized 13.000. Bernanke covering his butt.

    Report Post » NOBALONEY  
  • progressiveslayer
    Posted on February 29, 2012 at 1:55pm

    Uncle Ben doesn’t have a clue how to run our monetary policy,he‘s been monetizing the debt which always ends bad and Paul knows what’s going to happen,depression 2.0 brought to you by the fed and Marxist in chief.

    Report Post » progressiveslayer  
  • martinez012577
    Posted on February 29, 2012 at 1:53pm

    Here is a great idea guys, we have rampant debt, out of control spending, endless overseas wars, and a president who has no issue with taking American freedoms away “for our own good”. Lets nominate a guy that is so similar in views to Obama that he could be his running mate.

    Romney’s budget increases spending and debt.
    Romney’s foreign affairs policy is a continuation of Bush, Clinton, Bush, and Obama’s polices.
    Romney’s supports bills like the patriot act and NDAA.

    To sum it up, Romney is a clone of Obama. Santorum is a clone policy wise of Romney. Gingrich is a clone policy wise of all of them.

    The real issues our country faces..

    DEBT
    SPENDING
    WARS
    FREEDOMS

    If you candidate is on the same side as Obama, it should tell you something. We need radical change.

    Ron Paul 2012

    Report Post » martinez012577  
    • progressiveslayer
      Posted on February 29, 2012 at 1:59pm

      Couldn’t agree more well said.

      Report Post » progressiveslayer  
    • Ruler4You
      Posted on February 29, 2012 at 2:25pm

      Ever get the feeling like it really doesn’t matter what Americans want? That no matter who “IS” elected a course has been charted and that’s that? That government will pursue the same path, the one it wants, regardless?

      Sort of looks like there may be some validity to that…

      Report Post » Ruler4You  
  • WD0331
    Posted on February 29, 2012 at 1:51pm

    Ron Paul 2012..

    Report Post » WD0331  
  • Baddoggy
    Posted on February 29, 2012 at 1:49pm

    What a cruel trick BLAZE…I started watching this video and it starts out with BARNEY FRANK!!!
    Put a #$^%# warning on the video!!!
    Dr Paul was spot on. This is Government supported theft of wealth by increasing the money supply!
    Of course BernYANKme responded like the dunderhead he is…We are in real trouble folks!

    Ron Paul 2012 to end this BS!

    Report Post » Baddoggy  
  • Vechorik
    Posted on February 29, 2012 at 1:48pm

    Love it — Forbes:
    Ron Paul Tells Bernanke He Killed The Dollar, Silver Coin In Hand

    http://www.forbes.com/sites/afontevecchia/2012/02/29/ron-paul-tells-bernanke-he-killed-the-dollar-silver-coin-in-hand/

    Report Post »  
  • jnobfan
    Posted on February 29, 2012 at 1:46pm

    RP is a very smart man who asks real questions and has real solutions. We have been living in the Fed fantasyland for so long now that HE seems weird but IMO he is spot on.

    Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on February 29, 2012 at 1:46pm

    Once again we have confirmation of the massive fraud the Obama administration is commiting; they only seek to destroy the economy, the nation and impose their communist nightmare upon all of us.

    Report Post » Snowleopard {gallery of cat folks}  
    • Vechorik
      Posted on February 29, 2012 at 1:49pm

      Not just Obama, dear — Republicans have had a heavy hand in inflation.

      Report Post »  
    • Baddoggy
      Posted on February 29, 2012 at 1:51pm

      This started way before the Obama administration. When they took us off the gold standard it was the beginning of the end.
      Enjoy your 100.00 oves of bread soon. After seeing this video Im going to buy some more gold and silver…

      Report Post » Baddoggy  
    • POdVet
      Posted on February 29, 2012 at 4:17pm

      By seeds rather than gold. How much will your gold be worth when you are hungry? Seeds will be worth twice their weight in gold!

      Report Post »  
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