Texas GOP Rep. Ron Paul says the nation’s economic quagmire will continue to deepen unless drastic action is taken to pull the nation out. The presidential candidate also told Fox News’ Neal Cavuto Wednesday he is pleased that his competitors for the Republican nomination are echoing themes he has championed — some of which he was thrashed for several years ago.
“The many free-market economists that predicted we would have a severe crisis in `08 have also predicted that this would last a long time if we didn’t do the right thing — and we’re not doing the right things,” Paul said. “We are doing all the wrong things — so we are going to perpetuate our problems.
“And we tried to paper it over, and you can do that in the short term and get out of a mild recession, but, ultimately, when you just paper everything — that is, borrow, and spend, and then print the money — you end up with higher prices, which is a tax. And that’s what we`re looking forward to, especially next year,” he said.
Cavuto asked Paul whether he is bothered by the fact that some of his competitors for the GOP nomination are now getting plaudits for his ideas and his attacks— on government economic and foreign policies — which brought him ridicule when he ran for president in 2008.
“Well, I don’t — I don’t feel quite that way, because, when I travel, the difference is night and day compared to four years ago,” Paul said. “I get a lot of satisfaction out of the fact that the other candidates now say a few things that sort of acknowledge what I have been doing and saying.
“Before, it used to be boos and hisses — and now they all say, well, I sort of agree with Ron Paul on this — so, I get a little bit of satisfaction from that,” he said. “I think the policies are idiotic. And the policies are a reflection of many, many decades of bad training and bad teaching. So, I try to direct my attention there, even though I get emotional at times in a personal way, but I try to avoid that. I don`t think that will change things.”
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