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Ron Paul's favorite economist won this debate in a Laffer
Newark Star Ledger via NJ.COM ^
| 11/22/2008
| Paul Mulshine
Posted on 11/26/2008 4:55:45 AM PST by Kid Shelleen
click here to read article
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To: Kid Shelleen
One of the favorite arguments used to slime Ron Paul and Schiff is that they are perpetual doom and gloom mongers and that predicting a crash five or even two years ago doesn't count on the basis that if you're always predicting gloom sooner or later you're going to be right.
Well I don't know about that but it sure counts more than the opinions of Laffer and a number of Freepers who until September, were scoffing at and pouring scorn on anyone who suggested the US was in serious trouble. Some still are. Furthermore, this crash has been a long time in coming so I'm inclined to believe that a two year old prediction of crisis does indeed have validity. One thing I've noticed though, is that Paul's correct forecast of this crisis has earned him more, not less abuse. Strange.
Paul is not a "made for the media" construct. He reminds me of an old college professor who would show up late for class with his shirt done up on the wrong buttons and his hair in a mess. He looks kooky but he has it right, though.
The spiraling multi-trillion bailout costs + the cost of the Iraq war + our foreign energy dependence + the loss of our manufacturing base = financial ruin.
21
posted on
11/26/2008 7:02:22 AM PST
by
marshmallow
("A country which kills its own children has no future"- Pope John Paul II)
To: slnk_rules
“wanna see the links? (evil grin)”
Yes please
To: Kid Shelleen
I sure do like Ron, I really had high hopes for him this election.
To: yantis
I’ve got to admit, for all of my being a small-government constitutionalist I only credited Paul with being right in some ways, a kooky extremist in others.
Now it seems that we were living in such an unreal reality before that the ‘kooky extremist’ was right all along. At the very least, the Republican Party should have given him a place of honor in the primaries for speaking necessary and Republican truths, rather than dismissing him as they did.
To: Theophilus
I even agree with Ron Paul on his foreign policy views but I hate his foreign policy arguments using: Moral Equivalence. Thank you. Those are exactly my thoughts, and I hope Dr.Paul is reading your post somewhere. He has some valuable points about foreign policy, but he undermines himself when he makes remarks like the ones he made about 9/11 at the GOP debate.
25
posted on
11/26/2008 8:26:03 AM PST
by
murdoog
("I am involved with politics so that politics is not involved with me"-Dan Flynn)
To: marshmallow
One of the favorite arguments used to slime Ron Paul and Schiff is that they are perpetual doom and gloom mongers and that predicting a crash five or even two years ago doesn't count on the basis that if you're always predicting gloom sooner or later you're going to be right.
The reason that's not a valid argument is because they weren't merely predicting a downturn. The predicted the exact causes and effects correctly, and in Schiff's case he even got the approximate time correct.
To: Kid Shelleen
To: Kid Shelleen; Theophilus; GoodDay; Puddleglum; fortheDeclaration; crz; Archon of the East; ...
28
posted on
11/26/2008 2:51:19 PM PST
by
ovrtaxt
(It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
To: marshmallow
http://bloomberg.com/apps/news?pid=20601109&sid=arEE1iClqDrk&refer=home
The money thats been pledged is equivalent to $24,000 for every man, woman and child in the country. Its nine times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office figures. It could pay off more than half the countrys mortgages.
29
posted on
11/26/2008 3:00:17 PM PST
by
traviskicks
(http://www.neoperspectives.com/Ron_Paul_2008.htm)
To: ovrtaxt
30
posted on
11/26/2008 4:24:26 PM PST
by
GoodDay
(Palin for POTUS 2012)
To: GoodDay
31
posted on
11/26/2008 5:17:17 PM PST
by
ovrtaxt
(It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
To: traviskicks
see the following thread:
http://www.freerepublic.com/focus/f-bloggers/2138562/posts
Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
32
posted on
11/26/2008 5:24:10 PM PST
by
Kid Shelleen
(Barack the Messiah: Never in the field of US politics have so many waited so long for so little.)
To: MamaTexan
Yep, the anomaly of American History is the record of interventionism since WWII.
33
posted on
11/26/2008 5:51:25 PM PST
by
glorgau
To: takenoprisoner
By now, most of them have slithered back into their slime pits. You may wish that, but it doesn't make it so.
To: AmericanHunter
no policing the world
On that, I'll agree with Ron Paul, but Ron Paul does a disservice to the west when he pretends Muslims will be happy if left alone.
35
posted on
12/01/2008 9:45:01 AM PST
by
farmer18th
(George Will: Conservative, as long as the Newsweek People Don't make Fun of Me.)
To: Kid Shelleen
I’m fascinated by the Schiff phenomenon. He got U.S. Equities and real estate spot on, but has he been right about foreign equities providing any wealth protection??
36
posted on
12/01/2008 9:46:00 AM PST
by
farmer18th
(George Will: Conservative, as long as the Newsweek People Don't make Fun of Me.)
To: farmer18th
but has he been right about foreign equities providing any wealth protection?? Don't know of any place that was very safe recently other than the mattress. The best forecasters are often wrong. Think of all the commodity gurus who had loaded up on oil for the ride to $200 or those that had moved everything to China. China equities did worse than those in the US.
37
posted on
12/13/2008 1:49:45 PM PST
by
alrea
To: farmer18th; alrea
He’s a long term adviser, similar to Jim Rogers in his timeframe. Everyone’s stocks are taking a beating right now, Asian and otherwise, but that’s to be expected. Even gold has taken a temporary hit, mostly from the hedge funds unloading paper positions.
However, they both believe China will emerge strongest from this crash, since they have the factories and the reserves. We have neither anymore.
38
posted on
12/13/2008 1:56:48 PM PST
by
ovrtaxt
(It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
To: yantis
I think whats REALLY amazing is the flack he catches from freepers. That isn't an accident - the criticisms being expressed aren't personal or original. Like the liberal "seminar callers" on CNN, they are repeating slogans invented by powerful financial interests to denigrate Ron Paul. These slogans usually take the form of "I like what Ron Paul says about economics but I can't stand his weakness on Islamofascism" - when even a cursory overview of his positions would show that opinion to be nonsense.
39
posted on
12/13/2008 2:02:59 PM PST
by
Mr. Jeeves
("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
To: Mr. Jeeves
Okay, I’ll bite. Where is Paul on Islamofascism? I do happen to agree with him, for the most part, on economics, but everything I’ve heard him say about Islam has been downright crazy. He’s a doctor who has shown himself to be well-schooled in economics, but he needs to crack a history book or two.
40
posted on
12/13/2008 2:10:33 PM PST
by
farmer18th
(George Will: Conservative, as long as the Newsweek People Don't make Fun of Me.)
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