Give Ron Paul The Keys To The Economy

December 2nd, 2008 12:38 am  |  by Marc Gallagher  |  Published in Bailouts, Banking, Big Government, Debt, Economics, Federal Reserve, Free Market, History, Liberty, Maven Commentary, Money, Obama, Politics, government spending, inflation  |  Comments

Just because Ron Paul predicted the current financial unraveling doesn’t mean we should just give him the keys so he can drive us right out of the recession. Or does it? Today it was finally revealed officially that the United States has been in a recession since December of 2007. After all it is important to tell the driver that the exit ramp we passed 12 exits ago was the one we should have taken. Thanks for that.

During the seemingly millions of GOP primary debates Ron Paul was ridiculed. Yet back in one of those debates in January of 2008, less than a month after the recession began, Ron Paul said the following:

“I believe we are in a recession. I believe it’s going to get a lot worse.”

Here is video of Paul saying the above words, among other pertinent things, during that debate.

Interestingly, not one of the other candidates said they believed we were in a recession at that time. I would certainly feel more comfortable with someone like Ron Paul making the decisions regarding the economy. Of course, he also said that he didn’t “know how to run the economy” as part of his standard stump speech. As lovely those words are to free marketeers like me I expect it was rather alarming to the general populace.

More kinder and gentler words were spoken by Paul more recently when he said that there is a lot we can do to help the economy, such as lower capital gains taxes, get rid of burdensome regulation, and make the Federal Reserve more transparent with the ultimate goal of getting rid of the Fed entirely.

Ultimately, those that have shown the most foresight when it comes to our current state of affairs should be the ones given the keys to steer the fiat money drunkards home safely. Obama has proven he is incapable of making the right choices in this regard. He has thrown the keys to one of the drunk members of the dollar death bailout battalion: Timothy Geithner.

At this point how much of a surprise would it be if Obama chose Gideon Gono, Zimbabwe’s central bank leader, to take over the reigns from Ben Bernanke when his term expires. Then again, Bernanke’s well on his way toward his own rendition of hyperinflation. Aren’t you excited for inflation to be at 89.7 sextillion percent.

Once again the real answer to our problems is to toss our financial keys to the designated driver, the man who just said ‘no’ to the easy credit cocktail, the man who has always been ahead of the curve: Ron Paul.