Presidential Candidate Ron Paul
Im Ron Paul, Im a Congressman from Texas serving
in my tenth term. I am the champion of the Constitution.
~ Ron Paul (R-Texas), self introduction in the CNN presidential
debate, June 5, 2007
The statement above was not mere braggadocio; Representative Ron
Paul has the most consistent record in Washington of defending the
constitutional limits of government of any person in Congress. Over
nearly three decades, Representative Paul has never voted for a
tax increase, an unbalanced budget, a debt limit increase, federal
gun restrictions, foreign aid, bailouts of private institutions,
or unconstitutional spending of any kind.
He consistently earns a perfect 100-percent rating on The New
Americans Freedom Index, and has stood alone
in defending the U.S. Constitution in so many 434-1 votes in the
House of Representatives that he earned the nickname Dr. No.
He is also a Duke University Medical School graduate and obstetrician
whos delivered 4,000 babies.
He has served 12 terms as a Republican Congressman, but broke briefly
with the GOP to run as the Libertarian Party nominee in 1988. He
also sought the GOP presidential nomination in 2008. It was Ron
Pauls 2008 presidential run that gave birth to the modern
Tea Party, and he has been called the Godfather of the
Tea Party movement. The election to the Senate of Ron Pauls
son, Rand Paul (also a medical doctor), was the most widely celebrated
Tea Party victory of the 2010 election cycle.
Representative Paul voted against the Iraq War (decrying the wars
violation of Christian just-war principles), voted against the Patriot
Act (because of its violations of the Fourth Amendment to the U.S.
Constitution), and has championed the idea of auditing and eventually
abolishing the Federal Reserve Bank (the nations central bank)
and replacing it with the gold standard.
Its on economic issues that Ron Paul shows his greatest strength
He first became interested in economics when the post-WWII Bretton
Woods agreement over the gold standard broke up in 1971, and began
a lifelong study of the Austrian school of economics. Concern for
the economic calamities facing the nation today inspired his first
run for Congress in 1976, and Paul accurately predicted the 2007-08
housing bubble/bust as early as September 6, 2001, when he said
in a speech from the House floor:
The Federal Reserve credit created during the last eight months
has not stimulated economic growth in technology or in the industrial
sector, but a lot of it ended up in the expanding real estate
bubble, churned by the $3.2 trillion of debt maintained by the
GSEs, the Government Sponsored Enterprises. The GSEs, made up
of Fannie Mae, Freddie Mac and the Federal Home Loan Bank, have
managed to keep the housing market afloat, in contrast to the
more logical slowdown in hotel and office construction.... Instead
of the newly inflated money being directed toward the stock market,
it now finds its way into the rapidly expanding real estate bubble.
This too will burst, as all bubbles do. The Fed, the Congress,
or even foreign investors cant prevent the collapse of this
Pauls repeated and amazingly accurate predictions
of the housing bust were panned by GOP primary voters in 2007 and
early 2008, as the enormity of the economic crisis had not yet become
apparent. In an October 9, 2007 GOP presidential debate, Ron Paul
was the only candidate who believed that the economy was not on
a sound footing, and former Massachusetts Governor Mitt Romney and
former Wisconsin Governor Tommy Thompson claimed there was no recession
looming. Ron Pauls warnings were ignored, as was the Austrian
school of economics he had come to follow.
once the recession and the reasons behind it became
clear, the media and voters took a renewed interest in both Paul
and Austrian economics, though too late for the 2008 presidential
Likewise, Rep. Paul suffered from poor timing in his opposition
to the Iraq War during the 2008 GOP primary, when the war was being
waged by a fellow Republican President and Osama bin Laden was still
at large. At the time, many GOP primary voters wrongly believed
there was a connection between Osama bin Laden and Saddam Hussein.
Rep. Pauls insistence in 2007 presidential debates that bin
Laden was hiding in Pakistan was ignored by his rivals and the voters
alike. Since then, however, Osama bin Laden has been found and killed
in Pakistan. And the appetite for more wars among both voters and
members of the military alike has abated substantially.
the rest of the article
him mail] is a high school history teacher in
Southeastern Massachusetts and a freelance writer who contributes
to The New American,
AntiWar.com and – of
course – LewRockwell.com.
© 2011 The New American
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