Paul vs Barr on Fannie mae/ Freddis mac
Posted July 19th, 2008 by squeezebully
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"Appearing on Glenn Beck last night, Ron Paul said that Fannie Mae and Freddie Mac should be allowed to fail. Unlike Libertarian presidential candidate Bob Barr, who says Congress should provide a “temporary line of credit” to boost the share price of the publicly traded stock — and give the Fed more “oversight” over the housing industry — the Republican congressman said Congress should eliminate the GSEs’ implied line of credit to the Treasury and allow the companies to be liquidated." Link http://www.freedomsphoeni...
Barr doesn't seem to understand that the more you GIVE the more they TAKE (and want). He has shown that with the patriot act (and his line of reasoning for voting for it) and now this- just a temporary solution until we fix the problem (but in the process making the problem bigger oopps!)
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You left out one tiny little detail....
Bob Barr has called for Privatizing Fannie Mae and Freddy Mac - article available here -
http://www.bobbarr2008.co...
Temporary Line of Credit?
Nothing is as permanent as a "temporary" government program
Where in his PR or TV appearance
did Barr mention "to boost" or to "prop up" the share price of F&F? The fact is nowhere, actually he is speaking about the privatization of F&F, which is far from popping up the price of a public traded company.
http://www.bobbarr2008.co...
Also Barr is - like Dr. Paul - talking AGAINST government bail-outs:
http://www.bobbarr2008.co...
The only difference is he is talking about a temporary loan, e.g. not bail-out with regard to the home-owners and this is an issue worthy of consideration, e.g. if F&F goes belly up, who is going to take over the mortgages of the home owners, e.g. organizing this, or should the debt of the home owners just be written off??
Loans
A loan of taxpayer's money (actually money the government doesn't even have) IS a bailout. Otherwise, the private sector would step up to make the loan. If people have to be forced to make the loan, it is a bailout.
That "temporary" loan is
That "temporary" loan is still coming out of our pockets, and I guarantee it will never be paid back to us.
And
People here on the Daily Paul are going to vote Barr? I'm sorry but WTF. Honestly.
Yeah, singling out Barr to
Yeah, singling out Barr to bitch about is pointless these days. When the Barr campaign was trying to hijack and deflect the RP revolution it was a bit annoying, but that's a non-starter now. Actually, lately his statements are reminding me more and more of, well, Hillary. He's as harmless and meaningless as a fly. It's time to move forward.
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Don't waste time with Obama, McCain, Nader or Barr - join the Campaign For Liberty! http://www.campaignforlib... The Constitution is more important than voting for the evil of 4 lessers.
Ha! Ha!
........voting for the evil of 4 lessers.....thanks for the laugh...
You're Welcome!
I actually stole it from Russel Means.
______________________________________________________
Don't waste time with Obama, McCain, Nader or Barr - join the Campaign For Liberty! http://www.campaignforlib... The Constitution is more important than voting for the evil of 4 lessers.
Just think of our Barr posts
Just think of our Barr posts like commercial interruptions.
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Ha
So true