10 votes

Ted Cruz on Meet The Press. Defunding Obamacare - Full Interview

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Wow

He nailed that interview. His rhetorical skills are formidable.

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"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard

His "most admired" Texas Senator, Phil Gramm

(15:20 minutes) is very disturbing. Notwithstanding Cruz’ Senate opposition to ObamaCare which I applaud, this proclamation undermines his railing against the “rich and powerful” favoritism he decries. Cruz’ memory is sorely insufficient or absent with respect to Gramm’s role in the 2008 economic collapse, or he has conveniently overlooked Gramm’s culpability as a culprit, both reasons being inexcusable for someone who aspires to the presidency. Understanding the underpinnings and causes of the economic collapse is a necessary requirement to avoid repeating the same egregious mistakes. Gramm earned his ‘top 10 worse culprits’ standing via his leading role in the repeal of the Glass-Steagall Act and his sneaking a provision in the 2000 Commodity Futures Modernization Act which provision exempted over-the-counter derivatives including credit-default swaps from regulation by the Commodity Futures Trading Commission. Such swaps took down AIG and cost taxpayers $150 billion. Cruz’ praise of Gramm is another red flag warning with respect to his Goldman Sachs and establishment ties.

Gramm was a top economic adviser to John McCain, and he may have become Treasury Secretary under a McCain administration; this was a good reason in itself to boycott McCain for his lack of economic acumen and picking the wrong economic advisers too tied in with Wall Street. Gramm’s UBS lobbying and Enron scandal involvement only adds to the litany of crony capitalism charges which seem to have conveniently escaped Cruz’ radar.

http://content.time.com/time/specials/packages/article/0,288... #ixzz2gOWtTlZW

Culprits of the Collapse - #7 Phil Gramm
www.ac360.blogs.cnn.com/2008/10/14/culprits-of-the-collapse-7-p...
www.youtube.com/watch?v=gKQOxr2wBZQ

www.huffingtonpost.com/2008/01/21/short-on-economic-underst_n_...
www.firedoglake.com/2008/05/28/mccains-cronies-phil-gramm-r...
www.newsandletters.org/Issues/2002/March/Gramm_Mar02.htm

Phil Gramm was the person

Phil Gramm was the person Karl Rove put in place to block Ron Paul from the Republican primary Senate race in the 80's while Phil Gramm was a Democrat at the time.

Statist Propaganda

No evidence to show by allowing banks and securities companies and insurance companies to compete against each other caused the crash. However plenty points to federally encouraged loose mortgage market driven by Fannie & Freddie and Federal Reserve. It wasn't the Govt not interfering but Govt actively managing the economy that crashed it. 550 Politicians and small army of 10,000 bureaucrats are not smart enough to properly direct. 310million individuals have a much larger collective knowledge than DC megalomaniacs.

That’s what the big banks would have you believe

It wasn't so much the competition as it was allowing the merger of commercial banks and investment houses which increased risk to taxpayers thus we wound up bailing AIG et al per the “too big to fail” scenario. The repeal of the Glass-Steagall Act encouraged the climate of risk-taking inherent in fueling the bubble. It became too hard to discipline the errant high-flying activity and the swap issue added to the complexity. Banks originated fraudulent loans and sold them to customers in the form of securities. The repeal removed the barrier that had encouraged a more conservative approach as in the lessons learned from 1933. After the repeal, investment banks’ use of leverage and risk accelerated to a breaking point. Now five banks purportedly have assets equal to 56 percent of the country’s economy. There is the argument that allowing them to get so large and too big to fail could be circumvented by at least separating commercial and investment banking (as in pre Gramm-Leach-Bliley) to help prevent the mistakes of the 2007-2010 fiasco. At the very minimum a more broad understanding of the swaps and derivative issue would help ease the concerns. Such understanding did not exist prior to the 2007-2010 meltdown when self-regulation of the derivatives market allowed by the U.S. Congress via the Commodity Futures Modernization Act of 2000 fueled speculation and credit risk. The volume of CDS outstanding increased 100-fold from 1998 to 2008 ergo Warren Buffett’s famous reference to them as “financial weapons of mass destruction.”

In 1999 Ron Paul was against the Gramm-Leach-Bliley Act which in effect repealed the Glass-Steagall Act. He put the following in the congressional record in 1999:
* Government policy and the increase in securitization are largely responsible for this bubble. . . .
* The rapidity and severity of changes in economic conditions can affect prospects for individual institutions more greatly than that of the overall economy. . . .
* The better alternative is to repeal privacy busting government regulations. . . .

Who repealed the Glass-Steagall Act?
www.youtube.com/watch?v=x0k2PmF-o5Q
www.ronpaulforums.com/showthread.php?164190-Ron-Paul-opposed-...
www.dailypaul.com/63189/more-regulation-idiots-reinstate-...

I was disappointed in the number of views on this video.

Until I did little bit of looking around.

This youtube has gone viral in a different way, and a way more appropriate to freedom when you think about it.

So many people are claiming it their own, it's being spread by people that want it on their channel. Than people wanting view counts.

Let the NSA, defeat that.

I think I understand why Ron Paul endorsed Ted Cruz, and I think Ted understood it as well.

Back Room deal for freedom?

Uggghhhhhhh!

here is my effin problem.

The republicans are missing the whole point and that is that OBOMBACARE IS NOT ABOUT HEALTHCARE! IT IS ABOUT CONTROL!

Why wont Cruz, Rand and Lee engage this fact?

The truth is that the criminals in DC are not going to save us. The final word on this must come from the citizens. We are the ones that will have to stop this if it is going to be stopped. We must refuse in mass to comply with obombacare.

We are all we've got.

I wouldn't place ANY blame on Ted, Paul, or Mike here.

To me, they are heroes speaking up against corruption in a very dignified manner, in language the American public has a chance to understand.

(When is it going to hurt ME.) Remember, THEY ARE ON TV.

What amazes me, is the poor job the internet community has done to get the view count up on this. Hopefully other versions are doing better.

meet the Progressives

GREGORY was so clearly FOR Obamacare. His wife works for government. So many of his Friends do. What a status asshole. We must destroy these people.

They were both arguing for Health INSURANCE....

why no discussion of why inflated medical costs are suddenly unattainable?
Why does an individual have to pay a third party erected through government regulation to evn be seen by a doctor? Address those questions, Mr Cruze.

Yeah no mention of the

Yeah no mention of the cause,the excuse of having mandating insurance. Inflation the culprit the (un)Federal (non) Reserve having federal reserve

Sandra, I downvoted you here.

This was an 'interview' not a debate. I certainly hope you have been involved in this fight much more than your participation on DP, where you criticize an excellent effort by Ted Cruz, for executing the position he occupies.

I down voted you because your effort is NEGATIVE to Liberty. Please try to play closer attention to what you are really commenting on.

Have you ever seen anyone

Have you ever seen anyone handle a hostile interview any better than that?

nope...

he's excellent, although Rand is also very good.

Filibuster highlight: Letter to Harry Reid from Teamsters Pres.

Senator Ted Cruz reads a letter from Teamsters President, James P. Hoffa, addressed to Senate Majority Leader, Harry Reid, and House Minority Leader, Nancy Pelosi, concerning the Affordable Care Act.
http://www.youtube.com/watch?v=TZy9ownQJww&feature=c4-overvi...

"In the beginning of a change, the Patriot is a scarce man, Brave, Hated, and Scorned. When his cause succeeds however,the timid join him, For then it costs nothing to be a Patriot.” ~Mark Twain

Unfortunately

they will still vote democrat in 2016. When democrat initiatives fail, the only way to correct it is with more democrat initiatives that fail.

"What if the American people learn the truth" - Ron Paul