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Ron Paul: "I Dislike the Current System As Much As Michael Moore"

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Lamarr

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Real-Talk @ 6 minute mark in response to MM statements on Capitalism!

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The congressman must not know that we had MORE regulation 30 to 40 years ago and a more stable economy. The investment bank and the commercial bank were separate. Investment banks were barred from selling insurance and making loans to the general public. Mass trading to the public over margin was prevented. Over the counter derivatives were unknown. Glass Stiegel was one of the laws preventing this among others. Has Congressman Paul forgotten about the 1980s Wall Street crashes? This didn't happen in the 70s, 60s, and 50s. But somehow, coincidentally after the Reagan revolution of little or no government, the same things are happening, as they were when government regulation was at the same level as it was before the New Deal. Congressman Paul is correct, the system has failed us, but the government per say is not the enemy. It's unregulated greed, which is a synonym for capitalism.
 
thoughtone said:
The congressman must not know that we had MORE regulation 30 to 40 years ago and a more stable economy. The investment bank and the commercial bank were separate. Investment banks were barred from selling insurance and making loans to the general public. Mass trading to the public over margin was prevented. Over the counter derivatives were unknown. Glass Stiegel was one of the laws preventing this among others. Has Congressman Paul forgotten about the 1980s Wall Street crashes? This didn't happen in the 70s, 60s, and 50s. But somehow, coincidentally after the Reagan revolution of little or no government, the same things are happening, as they were when government regulation was at the same level as it was before the New Deal. Congressman Paul is correct, the system has failed us, but the government per say is not the enemy. It's unregulated greed, which is a synonym for capitalism.
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Get your facts straight. You look completely uninformed. Big surprise.

You're saying there was MORE REGULATION by the Federal government before Reagan? Are you kidding?

1980.

Jimmy Carter signs, The Monetary Control Act. It basically wiped out any pretense of bank competition and set the stage for the Savings & Loan crisis by removing state control of interest-rate ceilings.

Late 80s. The heavy insider trading laws didn't hit until Boesky/Michael Milken.

A slew of laws were passed after the Savings & Loan crisis in the 1980s.

1991.

George Bush signs The FDIC Improvement Act. Now, the Federal government has more control over EVERY bank.

1994.

Bill Clinton signs the Interstate Banking Act. Now, National Banks can destroy local banks, which gives the Federalis more control over the local banking markets.

1999.

Bill Clinton signs The Gramm-Leach-Bliley Act. This was the birth of the Financial Holding Company. Now, the Federal government will destroy what little remains of local and state control of banks.

2000.

Bill Clinton signs the Commodities Futures Modernization Act. This sees the rise of the mortage-backed security. This act also created the Enron loophole.

How, you can say there was MORE REGULATION before Reagan shows how utterly ignorant you are about the Federal government, banking, and the law.

The Federal government has been on a power-grabbing trip since Theodore Roosevelt.
 
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You're saying there was LESS REGULATION by the Federal government before Reagan? Are you kidding?
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The congressman must not know that we had MORE regulation 30 to 40 years ago and a more stable economy.
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Either you didn't read my comments or you’re so ideologically ingrained, you are numb to anything else that challenges your political beliefs.
1980.

Jimmy Carter signs, The Monetary Control Act. It basically wiped out any pretense of bank competition and set the stage for the Savings & Loan crisis by removing state control of interest-rate ceilings.

Late 80s. The heavy insider trading laws didn't hit until Boesky/Michael Milken.

A slew of laws were passed after the Savings & Loan crisis in the 1980s.

1991.

George Bush signs The FDIC Improvement Act. Now, the Federal government has more control over EVERY bank.
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What web site did you get this from? You jumped from 1980 to 1991 and blamed Jimmy Carter for Jeb Bush's, John McSame's, Charles Keating's and John Glenn's antics ten years after Carter left office. As if Regan had nothing to do with the crashes of the 80s, 90s and the present. I bet you can't find one credible economist that blames Carter for the S & L crisis. And you completely ignored Black Monday of 1987, the second biggest crash since the Great Depression and set the stage for the future capitalistic greedy assaults on the world economy. Please don't pick and choose.
 
Malcolm X
We, Afro-Americans, people who originated in Africa and now reside in America, speak out against the slavery and oppression inflicted upon us by this racist power structure. We offer to downtrodden Afro-American people courses of action that will conquer oppression, relieve suffering, and convert meaningless struggle into meaningful action.
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Ron Paul and Capitalism are synonymous. He is not part of the solution. He is part of the system.
 
thoughtone said:
Either you didn't read my comments or you’re so ideologically ingrained, you are numb to anything else that challenges your political beliefs.
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I meant, before Reagan, there was LESS regulation. To say there was LESS after Reagan is crazy.

The Federal Government has been steadily grabbing power the last 4 decades. The Federal Government didn't control anywhere near as much in 1980 as it does today.

The Federal Government has been passing all these laws to take power from the people, the cities, and the states and consolidating it all in Washington DC.

thoughtone said:
What web site did you get this from? You jumped from 1980 to 1991 and blamed Jimmy Carter for Jeb Bush's, John McSame's, Charles Keating's and John Glenn's antics ten years after Carter left office. As if Regan had nothing to do with the crashes of the 80s, 90s and the present. I bet you can't find one credible economist that blames Carter for the S & L crisis. And you completely ignored Black Monday of 1987, the second biggest crash since the Great Depression and set the stage for the future capitalistic greedy assaults on the world economy. Please don't pick and choose.
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Jimmy Carter signed the law, in 1980, that led to the S&L collapse 7 years later.

Bill Clinton signed the 2 laws, in 1999 & 2000, that led to the subprime crash 7 years later.

Reagan & Bush (both of them) did the same things. Instead of focusing on the financial sector and the economy, they went on military build-ups, tax cuts for the wealthy, and deficit spending.

There is no good President. The Federal Government always seeks to increate its power, to the harm of the people.
 
nittie said:
Ron Paul and Capitalism are synonymous. He is not part of the solution. He is part of the system.
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Did you listen to the clip? In a few ways, he's basically agreeing with your frustration. The difference is simple; what you've seen for the last 30-40 yrs has been Corporatism, not Capitalism.

Be honest with me & answer a few questions:

1) Isn't it always the special interests that lobby and get laws changed?
2) Has there been a law passed in the last 20 yrs that didn't benefit the large corporations?

Notice I said 20 yrs because special interests own both parties, whether you want to believe me or not! Corporations donated 4 times as much $$$ to Obama than McCaint. This is the best govt the special interests could buy
 
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I don't buy all of his explanations, but he is accurate on many of them.

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Lamarr said:
Did you listen to the clip? In a few ways, he's basically agreeing with your frustration. The difference is simple; what you've seen for the last 30-40 yrs has been Corporatism, not Capitalism.

Be honest with me & answer a few questions:

1) Isn't it always the special interests that lobby and get laws changed?
2) Has there been a law passed in the last 20 yrs that didn't benefit the large corporations?

Notice I said 20 yrs because special interests own both parties, whether you want to believe me or not! Corporations donated 4 times as much $$$ to Obama than McCaint. This is the best govt the special interests could buy
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anarchy
One entry found for anarchy.


Main Entry: an·ar·chy
Pronunciation: 'a-n&r-kE, -"när-
Function: noun
Etymology: Medieval Latin anarchia, from Greek, from anarchos having no ruler, from an- + archos ruler -- more at ARCH-
1 a : absence of government b : a state of lawlessness or political disorder due to the absence of governmental authority c : a utopian society of individuals who enjoy complete freedom without government
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Right now I'm thinking this is the way to go. Get rid of that class altogether.
 
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