No, Cena_mark was happy to defend the corporations and their continued welfare/bailouts because "they create the jobs."
I am stealing the phrase "job creationism" because it is elegant and beautiful
huzzah for job creationism, one of the defining concepts of American economic policy for thirty years
And my stars are for job creationism of course.
"If you went out and talked to the average housewife..."
But be sure to ask her about laundry deterrent or mops or other things she would understand!
At the end Paul thinks he's stumped Bernanke, and fails to realize that Bernanke is instead staggered by the inanity of the question.
Ron Paul ineffectively waves his objections at some of his party's sacred cows but he is still a Republican.
Case in point; "The bailouts were not effective."
This is nothing more than a Republican talking point that has absolutely zero connection to reality. Anyone with a third grade reading level can easily discover how important the Bush bailouts were for getting us through the toxic asset crisis and the credit crunch.
Who can fault the GOP for continuing to play this note? It works, because morons do not understand economics. But if Ron Paul is such a Serious Economic Thinker, how can he continue to say this complete idiotic lie and maintain credibility?
Oh right, because his followers live in fantasyland.
I remember reading about Spain and how much gold helped them out back in 9th grade history class. Ron Paul's entire economic policy rests on the fact that 6,000 years of history thinks that gold is good, why not return to something that has, over 6,000 years of history, proven to be a disaster again and again? Let's do this! Take back America!
A world without the bailouts and stimulus would be a much different and much worse place. But we will never know for sure, so since we still have unemployment they obviously failed and should never have been considered in the first place.
I love how the subject quickly changed to gold once Paul was losing.
At which point he started losing even faster, but at least could be in denial about it.
He didn't lose, he pulled out his ace in the hole: Diamonds.
Next up, zombie Adam Smith punches Ron Paul in his dick.
Ben Bernanke is definitely a weasel and I'd like nothing more than to see him kicked to the curb. Ron Paul might seem like a majestic defender in comparison, but he's sorely misguided in his belief that the gold standard is going to save our butts. It won't save our butts.
To keep this from turning into a full-blown wall of text I'll just mention the main issue with the gold standard: it relies heavily on the production of gold. When human production starts moving faster than we can pull gold out of the ground, we'll receive a heavy shock to the system. Credit would evaporate. Economic growth would instantly find itself cut off at the knees.
The only people who benefit from a gold standard are gold hoarders. IE: libertarians hiding in the desert with their concrete compounds, trading liberty dollars for corn and polishing their doomsday weapon supplies.
pardon while I retrieve my dropped monocle
|Scrotum H. Vainglorious |
Relax, Ron, in the future our currency will based on bottle caps.
I'm long on canned beans and chickens myself, Scrote.
The girl on the left behind Bernanke is trying so hard not to laugh out loud at Ron Paul once he brings up gold.
I agree, the Fed is bad. However, the gold crap is just about the only thing that could be even worse.
Listen to the quiver in his voice when he asks "do you care about the price of gooolllld?" like he's talking to the guy who's dating the girl he was never brave enough to ask out
I've never actually listened to Ron Paul speak before this video. He is fucking retarded. Huh.
|Rodents of Unusual Size |
Is it still okay to hate Bernanke and to want him to be shot out of a cannon? Into a lake of molten gold?
I mean, watching these two miss the point about everything and go head to head is entertaining but I think you guys need to reshift your focus onto how much Bernanke sucks a bag of dicks.
Why don't banks hold diamonds?
Because gem quality diamonds are highly variable, take an expert to grade and value, and have very few uses.
An idiot/ron paul can count gold coins.
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