The President | Elect Ron Paul 2012 - ThePresident.Com: Ron Paul's Opening Statement at House Financial Services Committee Hearing February 24, 2010

Wednesday, February 24, 2010

Ron Paul's Opening Statement at House Financial Services Committee Hearing February 24, 2010 - Addressing Fed Chair Bernanke

ThePresident.Com

The House Financial Services Committee held a hearing named "Monetary Policy and the State of the Economy" on February 24, 2010.

The entire hearing can be seen at http://c-span.org/Watch/Media/2010/02/24/HP/R/29906/Fed+Chair+Answering+Lawmakers+On+Direction+Of+Economy.aspx

Below is Congressman Paul's Opening Statement addressing Fed Chair Ben Bernanke. Ron Paul spoke about what he calls the moral hazard from a situation that the government artificially created in what should be the free market, but is not.

In watching the rest of the opening statements and questioning of Fed Chair Bernanke from other members of Congress, I got the feeling that Ron Paul is the only person who understands the root causes of the economic problems this nation faces and he has the most sure solutions. However, most of the others asked Bernanke meek surface questions that lacked depth, and showed how ill equipped Congress is to deal with or to monitor the Fed's Monetary Policy, regardless of philosophy.

On philosophy, Ron Paul is simply promoting that we as a nation drop the Keynesian philosophy and adopt the Austrian School of Economics way, for it is by far the most efficient way of allowing true free markets to exist, reduce the size and scope of government and keep competition in business free and equitable, rather than crony capitalistic.

Greg Chamberlain
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Ron Paul's Opening Statement at House Financial Services Committee Hearing February 24, 2010 - Addressing Fed Chair Bernanke

Part I

http://www.youtube.com/watch?v=MVEwsIIF6wEv

Part II

http://www.youtube.com/watch?v=bBGfJOA518o

Congressman Paul's official congressional website is www.House.Gov/Paul and his very active official MySpace page is www.MySpace.Com/RonPaul

Editors Message

Dear Friends and Acquaintances,

ThePresident.Com and I proudly endorse Ron Paul and what are known as his Freedom Principals. I am extremely confident that his policies, which are reflected in his distinguished and most consistent congressional voting record, would go a long way toward restoring this once great republic with Ron Paul as President of the United States.

People like to bash Ron Paul for what at first seem like extreme positions until taking into full consideration the root of his ideology, which are known by many as the Ron Paul FREEDOM PRINCIPLES. Those principals are as follows:

* Rights belong to individuals, not groups.
* Property should be owned by people, not government.
* All voluntary associations should be permissible -- economic and social.
* The government's monetary role is to maintain the integrity of the monetary unit, not participate in fraud.
* Government exists to protect liberty, not to redistribute wealth or to grant special privileges.
* The lives and actions of people are their own responsibility, not the government's.

Those are Ron Paul's Freedom Principals. And Ron Paul, the ultimate citizen politician, follows those principals to the letter. But few, if any, of our supposed leaders in Congress come close. And, out of the others who are running for president... Well, that's for you to decide. But I don't think any of them match up to the integrity and principals of the Congressman known as Dr. No. Our nation has slipped as the dollar has slid due to a multi-trillion dollar warfare and corporate welfare state funded by a unconstitutional Federal Reserve that began counterfeiting our currency as early as 1913 until present. We can regain our lost prosperity, if we choose substance over hype disguised as hope. Vote for Dr. No. This country does have a chance to get it right this time.

When I first started writing on this blog/website as early as 1998, I was not out to endorse. I was in ridicule of a long list of U.S. government policies. As I dug deep for knowledge and insight, one man kept popping on the radar who made the most sense and his voting record as a United States Congressman matched his talking record. This man was and still is Ron Paul.

When he ran for President in 2008, I was already writing about him on this website. Out of all the candidates I felt like giving my time to, Ron Paul was the only one. I lobbied his campaign office and was given the privilege of becoming the administrator and moderator of Ron Paul's official MySpace page during his run for President in 2008, which was amongst the most active social network of the time alongside MeetUp.Com, before Facebook and Twitter grabbed hold.

I already knew a lot about Ron Paul or I would not have been given the job, which I did not charge the campaign for. I volunteered my time. But, by the time I'd been working for dozens of 18 hour days digging up where Ron Paul stood on every micro issue that MySpace users were writing in about, I learned, even further, beyond the shadow of a doubt, that Congressman Ron Paul is very authentic in terms of his message and how his voting record lines up. One just needs to do the research.

Many may not agree with Congressman Paul on every micro issue, but it is so clear to those who have done the research, that Congressman Paul has delivered upon his oath to uphold The Constitution. That is compared to what I believe is a vast majority in Washington who have not, and have succumbed to the power trip and the narrow special interests that have marginalized we, the people, on nearly every level of our lives. Ron Paul fights for liberty and justice for all, like no other.

It appears that more and more people are doing their homework and learning for themselves who Ron Paul really is, and not buy into the little box that the mainstream media attempts to restrict him to as the media works to back the corporate backed puppets who lack substance, and basically just talk and look pretty.

Hoping all who read this far find the news interviews and articles referenced here to be an excellent resource and comprehensive glimpse of one of the greatest of the few citizen politicians of our time.

Warmest Regards,
Greg Chamberlain
Editor
The President at ThePresident.Com

P.S. - Join Ron Paul at his official presidential campaign website: RonPaul2012.Com