Ron Paul predicting the future...

inlet13

...this is a good one from MSNBC...

http://www.youtube.com/watch?v=x-RPJ7fk ... re=related

ONCE DEVIDED

Pity that only religous conservatives will get the toe ahead of realists

Wilds

Ron Paul 2012.

Go Beavers

inlet13 wrote:

...this is a good one from MSNBC...

http://www.youtube.com/watch?v=x-RPJ7fk ... re=related

It's a good one as in 'let's watch the old guy get used by a conservative while he's clueless to the situation'. When the recession started and people were looking for reasons as to why, a component of the housing bubble discussion was that Fannie and Freddie were in on the ride. As the general consensus started placing more blame on Bush and republicans, the conservative response was to attempt to gradually place more responsibility on Fannie and Freddie, to the point where now many conservatives say it was almost their sole responsibility. Here is a situation where they saw Ron Paul, who has supporters, as a way to push this agenda of blaming Freddie and Fannie, and at the same time have Paul's supporter tune in with excitement. Like Ron said, he was predicting the bubble since the 70's. He's not a fan of big cycles, so of course when something takes a big swing upwards, he's going to say it's going to pop.

inlet13

Go Beavers wrote:

inlet13 wrote:

...this is a good one from MSNBC...

http://www.youtube.com/watch?v=x-RPJ7fk ... re=related

It's a good one as in 'let's watch the old guy get used by a conservative while he's clueless to the situation'. When the recession started and people were looking for reasons as to why, a component of the housing bubble discussion was that Fannie and Freddie were in on the ride. As the general consensus started placing more blame on Bush and republicans, the conservative response was to attempt to gradually place more responsibility on Fannie and Freddie, to the point where now many conservatives say it was almost their sole responsibility. Here is a situation where they saw Ron Paul, who has supporters, as a way to push this agenda of blaming Freddie and Fannie, and at the same time have Paul's supporter tune in with excitement. Like Ron said, he was predicting the bubble since the 70's. He's not a fan of big cycles, so of course when something takes a big swing upwards, he's going to say it's going to pop.

ha ha... Ron Paul was not only indicating that fiscal policy was partially to blame through Fannie and Freddie, but also indicating the Fed's policies were to blame... in other words, that Monetary Policy was to blame due to low interest rates. So, in total Fiscal and Monetary Policy was to blame.

The short of it, government was to blame. Were they the "sole" cause? No. But, were their policies huge contributors? Absolutely. They create the bubbles, and that's why he could predict they would burst. He's not Nostradamus. He's a guy who knows his theory and knows that the empirics will back the theory if you give it time, which is what happened.

The main point here is this is a guy who was predicting this would happen. You don't see anyone else predicting it. To walk away from this thread not being impressed by what he said in 2002 on the housing crash (and it's issues in broader finance) in 2007/2008 shows an inherent bias. I mean even MSNBC folks, a fairly liberal network, were obviously taken back... and that was not just Joe Scarborough (as you can hear in the background).

Godfather.

Here is what we are doing in the San Diego area to celebrate the Ron Paul victory in Iowa. What is going on where you live? If you are in San Diego County please join us.

Will you join us here?
Meet to see the Iowa Caucus Results


Tuesday, January 3, 2012, 6:30 PM
Selected By: Mike Benoit

9353 Clairmont Mesa Blvd., San Diego, CA
Giovanni's at the corner of Ruffin Road and Clairemont Mesa Blvd
Giovanni's at the corner of Ruffin Road and Clairemont Mesa Blvd

Come and help us celebrate Ron Paul's victory in Iowa. We will be watching the results as they come in. This will also be an opportunity to get you stocked up with Ron Paul materials.
Please RSVP soon

Mike

RON PAUL FOR PRESIDENT
WWW.RONPAUL2012.COM
http://www.meetup.com/ronpaul-93
Mike Benoit
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Go Beavers

inlet13 wrote:

ha ha... Ron Paul was not only indicating that fiscal policy was partially to blame through Fannie and Freddie, but also indicating the Fed's policies were to blame... in other words, that Monetary Policy was to blame due to low interest rates. So, in total Fiscal and Monetary Policy was to blame.

The short of it, government was to blame. Were they the "sole" cause? No. But, were their policies huge contributors? Absolutely. They create the bubbles, and that's why he could predict they would burst. He's not Nostradamus. He's a guy who knows his theory and knows that the empirics will back the theory if you give it time, which is what happened.

The main point here is this is a guy who was predicting this would happen. You don't see anyone else predicting it. To walk away from this thread not being impressed by what he said in 2002 on the housing crash (and it's issues in broader finance) in 2007/2008 shows an inherent bias. I mean even MSNBC folks, a fairly liberal network, were obviously taken back... and that was not just Joe Scarborough (as you can hear in the background).

You're reading into what Paul said in the clip. Morning Joe references Fannie and Freddie, not monetary policy. Paul attempts to reference monetary policy in his response, by referencing Keynesian policy, but fails to make a clear and solid point, which he often does when given an open mic. It's then interesting to see his supporter fill in the gaps and try to and cover for him and breakdown what he was attempting to say.

Ron gets completely played in this, and apparently has no idea. Morning Joe even plugs his book seconds before Ron is on. Kind of sad, actually.

I love the dramatic side kick: "oh my god".

VINNY GOOMBA

Go Beavers wrote:

inlet13 wrote:

ha ha... Ron Paul was not only indicating that fiscal policy was partially to blame through Fannie and Freddie, but also indicating the Fed's policies were to blame... in other words, that Monetary Policy was to blame due to low interest rates. So, in total Fiscal and Monetary Policy was to blame.

The short of it, government was to blame. Were they the "sole" cause? No. But, were their policies huge contributors? Absolutely. They create the bubbles, and that's why he could predict they would burst. He's not Nostradamus. He's a guy who knows his theory and knows that the empirics will back the theory if you give it time, which is what happened.

The main point here is this is a guy who was predicting this would happen. You don't see anyone else predicting it. To walk away from this thread not being impressed by what he said in 2002 on the housing crash (and it's issues in broader finance) in 2007/2008 shows an inherent bias. I mean even MSNBC folks, a fairly liberal network, were obviously taken back... and that was not just Joe Scarborough (as you can hear in the background).

You're reading into what Paul said in the clip. Morning Joe references Fannie and Freddie, not monetary policy. Paul attempts to reference monetary policy in his response, by referencing Keynesian policy, but fails to make a clear and solid point, which he often does when given an open mic. It's then interesting to see his supporter fill in the gaps and try to and cover for him and breakdown what he was attempting to say.

Ron gets completely played in this, and apparently has no idea. Morning Joe even plugs his book seconds before Ron is on. Kind of sad, actually.

I love the dramatic side kick: "oh my god".

Ron Paul's supporters fill in the gaps because most of us have read his works at length, understand them, and have the opportunity to elaborate further than Paul himself given the short amount of time he is on TV. Most of what he talks about can't be explained in a few short minutes-- why should it? It's a financial crisis we're talking about here. Understanding it requires understanding the history of our banking system as well as fiscal and monetary policies, as well as some elementary economics. Pick up one of his books, or read any of his dozens of articles online and you'll get much better answers from him.

I do wish the dialog would revert away from whether the cause of our economic problems were public or private, government or big business-- it tends to create a division at the onset of a very worthwhile discussion with those blaming government as righties and those blaming big business as lefties. It's a chicken or the egg argument. Both are to blame, maybe equally so. In the end, we will only have ourselves to blame if we are all complicit in allowing government to change the rules to favor big business, as well as continuing to voluntarily support businesses who regularly seek the power of government to rig the game for them.

polaris_x

i think the problem here is that ron paul and his supporters continue to focus on gov't policy as the problem ... although, gov't policy is to blame ... the root of that policy is where it gets hijacked - y'all like to point out keynesian economics but from what i can gather - keynesian policies are instituted by the gov't in the interests of the people ... these gov't policies are instituted in the interests of the corporations ... huge difference ... while there was huge fallout from the bubble bursting ... a select few made a shit load of money at that time - so, did they really care that the bubble burst ... not likely ...

i think that's where ron paul loses me on his fiscal policy ...