Ron Paul, Stress tests are a smokescreen
May 7th, 2009 10:20 pm | by Marc Gallagher | Published in Banking, Big Government, Commentary, Economics, fascism, Free Market, government spending, inflation, Market Regulation, Money, Ron Paul, Taxes | 1
Ron Paul appeared on Fox Business News today to discuss the release of the Bank “Stress” test results. He calls the tests propaganda and a pretense for more central economic planning.
To me this seems like just more smoke and mirrors by the Obama administration to try to drum up support for using more tax payer money to prop up bad banks. How nice it is for them that right when these results get released the stock market is doing better and the main stream business news outlets are falling all over themselves acting like we are on the brink of an economic recovery. I heard an “economist” on TV yesterday make the claim that the bottom is in.
I hope the bottom is in, but the bottom for stocks doesn’t necessarily mean the bottom of the housing market and the overall economy. For instance did you know that the government does not include housing in the CPI number? Housing is a consumption good. If it were included the CPI would be at a 5% decline year over year right now.
We are supposed to accept the “truth” from the very organization that benefits from lying to us. Perception is not reality when the government is involved. We get smokescreen after smokescreen.
But I digress… Watch Ron Paul below. Note that the video cuts off abruptly at the end, but it ended right after. Thanks to MinnesotaChris for the video.
Liberty Maven
It only takes half a brain and a pulse to get angry about the fact that the central bankers gave the American people the equivalent of a middle finger on




