Ron Paul argues against bailout policies at Wake Forest Univ.Submitted by bobbyw24 on Wed, 04/22/2009 - 07:58
By John Hinton | Journal Reporter
Published: April 21, 2009
The financial crisis was caused by excessive credit, too much printed money and government debt and can't be solved by the federal bailout of banking, insurance and car companies, U.S. Rep. Ron Paul said last night at Wake Forest University.
"If we don't clean up this mess, big government will take away our liberty," Paul said. "The bailout is as bad as the financial bubble."
Paul, R-Texas, spoke for about 40 minutes at Wait Chapel to more than 800 people, including WFU students, Winston-Salem residents and people who supported his campaign for the president's office. The Wake Forest Young Americans for Liberty and the Wake Forest College Republicans organized the event.