Ron Paul on Rolling Back Big Government

" David Asman thanks for joining us tonight first up it's the economy stupid. Now if you listen to the exit polls last night that's what yesterday's elections were all about. Voters worried or very worried about the economy next year totaled 89% in New Jersey. 85%. In Virginia these -- numbers. They really haven't been seen since the late 1970s. And -- those concerns. Voters decided it kicked Democrats out of two state houses in Virginia New Jersey. By substantial margins. But inside the beltway business as usual with white house with a House Speaker Nancy Pelosi. Even suggesting that Democrats won last night because of a congressional win we're gonna debate her comments later in the show but. Our politicians inside the beltway aware of the extent to which Americans object. To all the recent government spending and government intrusions in our lives. One man who clearly is aware of the discontent is Ron Paul he has been fighting against government intrusion for some time now. And he joins us -- congressman thanks for being here thank. Thank you very nice to be reviewed so do you feel somewhat vindicated by yesterday's elections."

" Now in some ways. I mean it's not exactly that each candidate there won was -- housing everything that I say -- But I think it makes the point that the people are unhappy in their punishing the right people to people are in charge. Republicans got punished for a couple years ago. And I think that's appropriate people are very upset more so now than ever before and they're directing their attention to Washington. The party that's in charge should be penalized him. Who knows this'll probably spill over to next year's senate so I think it's it's very good it's a good trendy and hopefully we'll. Republicans have learned a lesson so that -- we do get in the third chance we do a heck of a lot better job than we did when we got back control before."

" But frankly it is business as usual for some quality time beyond what Nancy Pelosi said I understand the Senate just passed a bill. To extend unemployment insurance but touched very secretly inside that -- was an extension of the 8000 dollar credit. For first home buyers which had some real question boy results a couple of months ago some People's Bank. Didn't do anything except except spend more taxpayer money."

" Yeah I don't think anything's really changed here -- if they had a concern about. Our problem hunting and it was related to government spending. Why would they offer up all these new programs you know this trillion dollar medical package. But I think asserted either on the medical packages. Is that they tell people that Pelosi crowd tells the people who were going to be able to insure everybody -- took precaution I think we're gonna save enough money. By cutting waste and fraud when the American people see that whether they're conservative -- liberal I don't think they'd want you now I think they lose credibility on this. But no it's business as usual weather is spending and borrowing and printing money. And I'm on the financial service committee is seems like. This on a daily basis all it is is -- the solution is if we just had more bureaucrats. You protect us against all these bad investments but never never answered the question. Why are people encouraged to make bad decisions doesn't have anything to do with monetary policy. Now that that's not really ever discussed incentives you know you put your finger on exactly the point they don't understand that. If you if you increased tax rates people may decide to make less money or hide their money and maybe they won't get that 400 billion. They hope to get from buy new taxes to fund health care. Yeah there's always an unintended consequence they have an anticipated they say they don't see much past their nose. And whether it's domestic policy -- foreign policy I think the unintended consequences of government policies or unbelievable nieces and great Austrian economist said. Every time the government has an intervention in the marketplace for so called good reason. He creates two new problems and of course I think he would be yet been educated well now when you look at that and over last hundred years. Especially since the depression all the interventions that we had in the marketplace. And may have been able to. Keep themselves in business. This they do they create more problems more bureaucrats. Hell yeah those -- good jobs of course in general really productive congressman I thought that short of I've got two by four wiped across their head an election loss like we saw yesterday and in New Jersey Virginia. Does have a tendency to shake politicians up because after all the one thing they care about -- else is getting reelected. Yeah and that is the case and -- not seeing the line instead of maybe backing off a little bit and thinking about. The medical package it speeded that up -- will be here Saturday night which -- to vote for that on that deal you know Saturday evening. And it it's just more of the same it will not improve the quality of medical care it's gonna cost a lot more there will be unintended consequences. -- insurance companies will try to be coming out okay and drug companies will do okay that they all kinds of things and we you know. Next year the people be yelling and screaming but fortunately there's a significant number of American people right now. Who are seeing him right in the war on a wall and they are complaining about the process up here but so far. We are they having -- the attention of the leadership well maybe not the leadership but I was talking to some blue dog Democrats today and they said on -- in public that they have serious problems with the colosio but they had problems with the baucus bill as well. But the Pelosi bill is even more costly and raises taxes more. They say they suggest that they're not going to vote poured over the weekend is there enough of a revolt now among blue dog Democrats and of course. All the Republicans so that Pelosi won't have the bill passed. I guess it's always possible all I mean we've been led to believe today you have be prepared be here start early said Saturday hope we get done by Saturday evening. But does things -- after I mean maybe another 24 hours that they can buy the election. Maybe maybe they will change their -- and it's happened before. When American people get really really outraged. They usually get attention of this placement. Unfortunately things get so bad for so long that is hard to you know turn this battleship for this aircraft carrier around. That we can make efforts that is a major problem to reverse the trend because. Quite frankly as much as I'm opposed always spending and inflating. To stop it in its tracks and turned around you know there are going to be some people who -- very happy with this but we continue this process. Continued this then we're going to have a bankruptcy which will be core manifesting itself and a dollar crisis and that's what. I'm concerned about is this quality policies that we're following is going to lead. To the destruction of our dollar and I think right now today we've noticed that. Even golden singling -- maybe some significant inflation had a -- is there a whole the whole lot of signs of inflation have but one other big spending bill of course is cap and trade little later on in this program we're going to be talking about Al Gore how much money he's making. From certain carbon credit deals that he's involvement but. Is -- I am told by some people inside a -- cap and trade. Is a dead deal for this year at least they are you here in the same thing. I haven't heard that I hear the conversation let's hope that is true. But -- course again will be a major victory for people who believe insanity end marketplace and markets have thought. But there's still a lot of a lot of pressure in -- greatest hoax I think has been around. And in many many many years if not hundreds of years. Has been inside hoax on the environment and global warming could you know to say don't call global warming on an odd because it's getting cold weather control -- hey hello -- you can go global warming anymore. That is the monster and as sometime they're going to have to say hey why hasn't the economy improve itself we pounded on all my you know the -- of the world. Well you just didn't do enough. He can't make you know trillions of dollars that they had 800 billion dollars for the congress well -- sure it's working you just -- all you know. System day is Sunday people will come to their senses but that. Probably not this week -- well I gotta ask you one final question because you have had some success in getting transparency people behind -- Voting for transparency in the Federal Reserve are there other issues. On which you have been sort of the lone voice in the wilderness where people are finally coming in and joining you. Well I think on the fiscal policies have just voting against some of the spending I would hope I guess I think this enemy is there. They don't completely grasp what I'm doing on the house floor because I'd I'd look for anything in his money and every nickel."

" Unless you pay for not -- taxes but by cutting someplace else that would be if there is a program that we want to do we should kind of from someplace else."

" I guess a lot of sympathy. For this and say your ride your ride and we should do this. Not I don't think the votes have changed significantly. I do think the Republicans are voting better man that I kid the other Republican nice -- you guys voting with me now are my cooking we've years. But we -- Where are voting together more so than we did when when the Republicans were in charge of spending the money and you do have some blue dog Democrats witty as well congressman doctor Hannah all right that's been great to see -- thank you very much for being here. But damage. So."