Press TV – February 1, 2008
Presidential hopeful Ron Paul says he traces America's problems to the flawed monetary policy controlled by the wealthy and secretive elite.
During a speech at the University of Washington on Thursday, Paul said the Congress and the Federal Reserve will not be able to stem the recession spurred by the home mortgage meltdown.
"The most important thing you can do is nothing," said the Texas congressman, who voted against the recent $146 billion economic stimulus package passed by the US House of Representatives.
The 10-term Texas congressman maintained that a series of wrong economic decisions by the Bush administration has led to a recession.
The government should allow the market to correct itself, Paul added.
Although the mainstream media attempts to keep a low profile on the 72-year-old presidential hopeful, he has managed to find a staunch group of supporters who say he has captured their hearts with his 'message of freedom' and constitutionalism.
"The Constitution was written for one specific purpose and that was to restrain the government, not to restrain the people," Paul has said.
Last updated 05/02/2008