Ron Paul slams Obama's economic planhttp://www.presstv.ir/Detail.aspx?id=85056§ionid=3510203
un, 08 Feb 2009 06:02:28 GMT
Paul is a Republican representative from Texas
Republican congressman Ron Paul says President Obama's economic recovery
plan is 'not a stimulus package, just a pure spending package'.
Criticizing the president's proposal, Paul said that blame for the
financial crisis is deep-seated and includes Republicans who failed to hold
the line on spending during the Bush administration.
"Where were we in the past eight years, when we could have done something?
And you see our last eight years that has set this situation up. So we
can't blame the Democrats for the conditions we have," Paul said.
"We have to blame both parties and presidents of the last several decades
to have generated this huge government," he said in a video posted on
YouTube on Saturday.
The former GOP presidential candidate also criticized Republican senators
Susan Collins, Olympia Snowe and Arlen Specter for saying they would vote
for the stimulus bill.
However, Paul added that it was encouraging to see House Republicans
unanimously vote against the spending package.
Paul said that he agrees that the economy needs to be stimulated but that
he does not think the federal government should be doing it.
"Sure, we want more spending," Paul said. "We need a lot more spending in
the economy, but it has to be done by market forces, by individuals, by
businesses making proper decisions."
On Friday, Senate Democrats agreed to trim spending proposals and support
tax cuts in a roughly $800 billion bill that was to go to a vote on
Tuesday.
They rolled back an earlier $937 billion proposal by culling what critics,
mostly Republicans, called billions of dollars in unwarranted spending.
