40 Years Ago Today: The Day Nixon Created Ron Paul

Discussion in 'Politics' started by Auxous, Aug 15, 2011.

  1. Auxous
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  2. Auxous
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    Rep. Paul introduces bill to cancel $1.6T in debt held by Federal Reserve

    Rep. Paul introduces bill to cancel $1.6T in debt held by Federal Reserve - The Hill's Floor Action
     
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    During the debt ceiling debate every time I mentioned quantitative easing to anybody, no one knew what the hell it was. I posted threads about the fictitious debt that could easily be dissolved. Supposed respected members of this board ridiculed the idea because it would either A) hurt the shareholders of the Federal Reserve--which it would not--or B) deflation--the bogey man the Fed uses whenever their power is threatened.

    The establishment is threatened by Paul. He is gaining traction despite the media's efforts to the contrary. O'Reilly took the unprecedented step of labeling him unwinnable. Fox marginalizes him, and MSNBC mocks him.
     
  4. uscitizen
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    So Nixon was not a real conservative either?
     
  5. Auxous
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    QE2 went to bail out foreign banks.

    [​IMG]

    Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went | ZeroHedge
     
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    By today's standards Nixon would unquestionably be a Democrat. This is the man that created the EPA.

    JFK by all standards would be a Republican today. Google what he had to say about tax cuts, it's Reagan-like.
     
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    QE2 was trillions of dollars, and $1.7 trillion went to purchasing US Treasury Bills.

    "In the last year or two the Fed has been buying up U.S. Treasury bonds in an effort to lower interest rates and boost the economy. The most recent round of that buying has been dubbed QE2, and has come under a good deal of criticism, though most economists agree that it was a generally helpful policy. The result is that the Fed now holds nearly $1.7 trillion in U.S. debt. " Debt Ceiling: Could Ron Paul's Plan Save Us From Disaster, twice? - The Curious Capitalist - TIME.com
     
    Last edited: Aug 15, 2011
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    JFK would not be a Republican today. He would still be a moderate democratic. His tax cuts were Keynesian oriented to stimulate demand, not supply-side oriented to stimulate supply. JFK's cabinet was surrounded by Keynesian at the time. Supply-siders do not have a monopoly on tax cuts.
     
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    JFK's policies would be considered Republican today. But that isn't the point of your thread, is it?
     
  10. Auxous
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    That is not the point of my thread. You sidetracked it with that nonsense.
     

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