logo

Ron Paul: why big bankers, big corporations, and the military-industrial complex love Obama

image
Created: 06 September, 2010
Updated: 13 October, 2022
1 min read

Famous for calling out his fellow Republicans for deficit spending and open-ended wars, Dr. Ron Paul has recently directed his criticism toward President Obama.  According to the independent-minded Texas Congressman, President Obama's economic and foreign policies have enriched big banks, big corporations, and the war-related industry.

In his weekly audio recording called "Texas Straight Talk", Paul cites a number of sobering statistics.  Official unemployment sits at 9.6% (higher than Obama's 8.1% stimulus prediction), official underemployment resides at over 16%, 40 million Americans are on food stamps, nearly 1 out 6 American relies on anti-poverty government aid, and nearly 3 million Americans have filed for bankruptcy in the last two years.  In addition, record federal spending has now burdened each citizen with more than $43,000 of debt, and federal payrolls have burgeoned while private sector employment continues to suffer.

Dr. Paul adds that perpetual war places an even greater strain on the US treasury, while enriching the big corporations associated with the ever growing military-industrial complex.  As a result of the diminishing tax base and exploding federal spending, both at home and abroad, Paul also worries that money printing policies enacted by the Federal Reserve will pose a greater and greater threat to the value of the US Dollar, lowering America's standard of living even further.

As in previous talks, Congressman Paul advocates reducing government spending, cutting taxes, easing business regulations, and following the Constitution in a stricter manner in order to achieve prosperity.

Latest articles

votes
Wyoming Purges Nearly 30% of Its Voters from Registration Rolls
It is not uncommon for a state to clean out its voter rolls every couple of years -- especially to r...
27 March, 2024
-
1 min read
ballot box
The Next Big Win in Better Election Reform Could Come Where Voters Least Expect
Idaho isn't a state that gets much attention when people talk about politics in the US. However, this could change in 2024 if Idahoans for Open Primaries and their allies are successful with their proposed initiative....
21 March, 2024
-
3 min read
Courts
Why Do We Accept Partisanship in Judicial Elections?
The AP headline reads, "Ohio primary: Open seat on state supreme court could flip partisan control." This immediately should raise a red flag for voters, and not because of who may benefit but over a question too often ignored....
19 March, 2024
-
9 min read
Nick Troiano
Virtual Discussion: The Primary Solution with Unite America's Nick Troiano
In the latest virtual discussion from Open Primaries, the group's president, John Opdycke, sat down ...
19 March, 2024
-
1 min read
Sinema
Sinema's Exit Could Be Bad News for Democrats -- Here's Why
To many, the 2024 presidential primary has been like the movie Titanic - overly long and ending in a disaster we all saw coming from the start. After months of campaigning and five televised primary debates, Americans are now faced with a rematch between two candidates polling shows a majority of them didn’t want....
19 March, 2024
-
7 min read