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Ron Paul's Campaign For Liberty

The Revolution Continues...

Grassroots ActionSeptember 30 2008

Debra Medina, Chairman of the Wharton County Republican Party (in Dr. Paul’s district) and Interim C4L Texas State Coordinator, sent us the following excellent email:

I’ve visited with Norm Singleton, Legislative Director, for Congressman Ron Paul this morning. Many of you know that Ron introduced HR 2755 earlier in this session. The bill was referred to the U.S. House Financial Services Subcommittee on Domestic and International Monetary Policy, Trade and Technology of which Ron Paul is the ranking minority member.

While it is unlikely that this bill as a stand-alone piece of legislation will make it out of committee, it is possible that similar language be written into the “solution” that the committee is now re-working.

PLEASE MAKE CALLS TO THE OFFICE OF THESE FINANCIAL SERVICES SUBCOMMITTEE MEMBERS and encourage them to incorporate language from HR 2755 into any solution that they craft to address the current financial crisis. You should ask to speak to the “financial services” staffer. In addition also contact Barney Frank (Mass.), the Financial Services Committee Chairman and Spencer Bachus ranking minority member (Alabama)

HR 2755 is Dr. Paul’s bill to abolish the Board of Governors of the Federal Reserve System and the Fed

Ron Paul on the bailout voteSeptember 29 2008

Vote tallySeptember 29 2008

Thanks to mDh for the link.

Click the link below to see the results.  The Republicans are in italics.

AYES:

Ackerman
Allen
Andrews
Arcuri
Bachus
Baird
Baldwin
Bean
Berman
Berry
Bishop (GA)
Bishop (NY)
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boren
Boswell
Boucher
Boyd (FL)
Brady (PA)
Brady (TX)
Brown (SC)
Brown, Corrine
Calvert
Camp (MI)
Campbell (CA)
Cannon
Cantor
Capps
Capuano
Cardoza
Carnahan
Castle
Clarke
Clyburn
Cohen
Cole (OK)
Cooper
Costa
Cramer
Crenshaw
Crowley
Cubin
Davis (AL)
Davis (CA)
Davis (IL)
Davis, Tom
DeGette
DeLauro
Dicks
Dingell
Donnelly
Doyle
Dreier
Edwards (TX)
Ehlers
Ellison
Ellsworth
Emanuel
Emerson
Engel
Eshoo
Etheridge
Everett
Farr
Fattah
Ferguson Fossella
Foster
Frank (MA)
Gilchrest
Gonzalez
Gordon
Granger
Gutierrez
Hall (NY)
Hare
Harman
Hastings (FL)
Herger
Higgins
Hinojosa
Hobson
Holt
Honda
Hooley
Hoyer
Inglis (SC)
Israel
Johnson, E. B.
Kanjorski
Kennedy
Kildee
Kind

My Answer to the PresidentSeptember 25 2008

Dear Friends:

The financial meltdown the economists of the Austrian School predicted has arrived.

We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy - all the capital misallocation, all the malinvestment - and prevent the market’s attempt to re-establish rational pricing of houses and other assets.

Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I’d only be repeating what I’ve been saying over and over - not just for the past several days, but for years and even decades.

Still, at least a few observations are necessary.

The president assures us that his administration “is working with Congress to address the root cause behind much of the instability in our markets.” Care to take a guess at whether the Federal Reserve and its money creation spree were even mentioned?

We are told that “low interest rates” led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entre

Re: What is Congress saying?September 25 2008

As mentioned by the thread below, comment here only if your representative or senator has stated their clear opposition to this bill and their intent to vote against it.

This, combined with the previous thread, should help us focus as we spread the word and get people to call Congress.