Ron Paul questions Ben Bernenke 02 10 09 The Fed is the problem!

[Bindare_Dundat]

[Soul Crusher]

Bernake did not seem happy with RP.

[Bindare_Dundat]

Bernake did not seem happy with RP.

lol, Never does. It's too bad Ron talked a bit too much and should have asked more questions that require a yes or no type answer so Bernanke can't eat up all his time. The message is getting out though and that's the most important thing.

[Soundness]

Excellent. Though he's had to reinforce this same message about the federal reserve being the problem for some time now, fortunately, more and more people are realizing the message through time, as you've mentioned.

[War-Horse]

If a stupid construction worker like me can see that home prices need to be restructured to an actual price in-line with true incomes then whats this stupid crap with them trying to free up credit for spending?

A:  Most Americans don't want more credit.

B:  Most of us wouldn't spend money right now as we are more concerned with food and bills.......not escalades and 400k for a house thats real worth is 89k.



If repugs were true free market people then they would let the bad investments fail and let the cream rise to the top.

Throwing more money at the problems will only pull the lever on the guillotine.

[Soundness]

If a stupid construction worker like me can see that home prices need to be restructured to an actual price in-line with true incomes then whats this stupid crap with them trying to free up credit for spending?

A:  Most Americans don't want more credit.

B:  Most of us wouldn't spend money right now as we are more concerned with food and bills.......not escalades and 400k for a house thats real worth is 89k.



If repugs were true free market people then they would let the bad investments fail and let the cream rise to the top.

Throwing more money at the problems will only pull the lever on the guillotine.

Excellent post. The intentional ruin is obvious.

[Bindare_Dundat]

If a stupid construction worker like me can see that home prices need to be restructured to an actual price in-line with true incomes then whats this stupid crap with them trying to free up credit for spending?

A:  Most Americans don't want more credit.

B:  Most of us wouldn't spend money right now as we are more concerned with food and bills.......not escalades and 400k for a house thats real worth is 89k.



If repugs were true free market people then they would let the bad investments fail and let the cream rise to the top.

Throwing more money at the problems will only pull the lever on the guillotine.

Amen.

A Ron Paul double dose.

[Soul Crusher]

Sorry to break this to you, but the Dems are just as guilty as the GOP in the ponzi RE scheme.

I do agree with you though about home prices.  They need to be in line with what people make, not what people can borrow.

I kept saying to my RE friends and mortgage brokers when I told them we were heading for the cliff:

"Can an average salary afford an average home?"

Until that happens, the prices still need to come down. 

[Soul Crusher]

Amen.

A Ron Paul double dose.

Awesome speech.   That was one of his best. 

We need to cut the damn spending.