Senator McCain on the other hand seems to believe that we just have to wait this out and that the "fundamentals of the economy" are strong. Even if Senator McCain is right, how is he going to convince people who are feeling an economic crunch that things are okay?
I think it is crazy that Congressman Ron Paul has been talking about these things for five years, he understood the consequences of our nation's fiscal policy. Dr. Paul knew what was happening, and no one wanted to listen. In my book that means he is the one guy we need to turn to for answers, yet neither Senator McCain or Senator Obama want to. The Republicans and Democrats can point fingers and blame each other, but the reality is that both parties are to blame. Each party has done their share to create big government and to help prop up are sagging economy.
Craig Westover at Minnpost.com writes about the fact that Congressman Paul has been talking about these economic issues long before they become the concerns they are today.
On Sept. 10, 2003, U.S. Rep. Ron Paul, R-Texas, testified before House Financial Services Committee, which was holding hearings regarding special privileges extended to government sponsored enterprises (GSEs). Think Fannie Mae and Freddie Mac. In his testimony. Paul criticized such privileges in general and warned of the potential for disaster posed by government involvement with Fannie and Freddie specifically.You can read Mr. Westover's column here.