Friday, November 09, 2012

Ron Paul on How Government Dependency Lost Romney The Election

As most of you who read this blog know, I am not a fan of Ron Paul, but he is absolutely right in his assessment of the 'fiscal cliff', and why a little over 50% of the American people wanted Barack Obama to win. It all boils down to government dependency, and he believes that dependency spells doom for this country.

"We're so far gone. We're over the cliff," the Texas Republican told Bloomberg Television's "In the Loop" program. "We cannot get enough people in Congress in the next 5-10 years who will do wise things."


Mr. Paul, who is retiring after 12 terms in the House, said voters on Tuesday rejected Mitt Romney because he had opposed the government bailout of General Motors and Chrysler.

"The people in the Midwest voted against him: 'Oh, we have to be taken care of!' So that vote was sort of like what we are laughing at in Greece," Mr. Paul said.

"People do not want anything cut," he said. "They want all the bailouts to come. They want the Fed to keep printing the money. And they don't believe that we've gone off the cliff or are close to going off the cliff. They think we can patch it over, that we can somehow come up with some magic solution. But you can't have a budgetary solution if you don't change what the role of government should be. As long as you think we have to police the world and run this welfare state, all we are going to argue about is who will get the loot."

I still don't agree with his isolationist position- there are times when we need to help our allies, but we certainly don't need to be sending financial aid to our enemies.  And I still partially fault Paul's supporters for the Romney loss, I'm sure most refused to vote, but I will give him credit for this.

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