Ron Paul tells Newsmax TV: "Depression Is Coming"
By: Dan Weil | Newsmax
Rep. Ron Paul, R-Texas, says depression looms for the economy and that failure to extend the Bush tax cuts for everyone would hasten the process.
“It will be devastating if the (tax) breaks aren’t renewed,” the 2008 presidential candidate told Newsmax.TV.
“That represents a tax increase. It’s the unknown hanging over the market,” he said. The Obama administration and many Democrats in Congress want to renew the cuts only for those with income of less than $200,000.
“I don’t understand how they can think that way. (But) when I see what they’ve done with the medical care bill and the financial reform bill, they’re capable of doing that,” Paul said.
Story continues below.
http://www.newsmax.com/InsideCover/ron-paulobamadepression-t...
RP is strengthening his warnings
.
bump
but Wall Street has another one day rally today.
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
where is jzneff and the other
where is jzneff and the other trolls telling us Ron Paul is wrong and everything will be just fine. I hope people on here see that some self appointed"experts" the highly educated, highly enlightened ones were full if it. There has been NO recovery. There will be NO double dip because we never came out of the first "dip"
Gold continues to strengthen, silver is about to blast off. Remember how jzneff and jeff234560987 would sit there and tell us how there was no metals manipulation... only a year later they were proven dead wrong. You do not have much time prepare now.
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐