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peaceandlove · 02-02-2009, 10:43 PM

Texas Straight Talk ~ A Weekly Column

Congressman Ron Paul
New Every Monday at http://www.house.gov/paul
or phone 1-888-322-1414 for recorded message.
NOW available in audio at: http://www.house.gov/paul

February 02, 2009: "Cures for Our Economic Disease"

"the best cure for a recession is a recession"

I have recently had several opportunities on various news programs to discuss the economy and what is wrong with the so-called economic stimulus package. I have said over and over what we shouldn’t be doing, and now I’d like to explain what we should be doing. But to improve the situation, you must first have a solid grasp of how we got here. Government policies and central planning created the housing bubble, now going bust. About a decade ago the government made expanded homeownership and affordable housing a public goal. Through Fannie Mae, Freddie Mac and the secondary mortgage market the government incentivized creative, low down-payment, more widely available mortgage products, and discouraged the market-proven lending standards of the past. The Federal Reserve kept interest rates artificially low, which added more fuel to this fire.

Article Continues Here: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml

02-02-2009, 10:43 PM	#37
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Ron paul 10/20/2008 "New Era of Slavery" Texas Straight Talk ~ A Weekly Column Congressman Ron Paul New Every Monday at http://www.house.gov/paul or phone 1-888-322-1414 for recorded message. NOW available in audio at: http://www.house.gov/paul February 02, 2009: "Cures for Our Economic Disease" *"the best cure for a recession is a recession"* I have recently had several opportunities on various news programs to discuss the economy and what is wrong with the so-called economic stimulus package. I have said over and over what we shouldn’t be doing, and now I’d like to explain what we should be doing. But to improve the situation, you must first have a solid grasp of how we got here. Government policies and central planning created the housing bubble, now going bust. About a decade ago the government made expanded homeownership and affordable housing a public goal. Through Fannie Mae, Freddie Mac and the secondary mortgage market the government incentivized creative, low down-payment, more widely available mortgage products, and discouraged the market-proven lending standards of the past. The Federal Reserve kept interest rates artificially low, which added more fuel to this fire. Article Continues Here: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml Last edited by peaceandlove; 02-09-2009 at 06:07 PM.