Not linked on Ron Pauls Congressional Website.
Congressional Record [.PDF]
Mr. Speaker, I yield 11/2 minutes to the gentleman from Texas (Mr. PAUL). (Mr. PAUL asked and was given permission to revise and extend his remarks.)
2009 Ron Paul 35:1
Mr. PAUL. I thank the gentleman for yielding.
2009 Ron Paul 35:2
Today, there is a lot of expression of outrage – and indeed, there should be.
2009 Ron Paul 35:3
I dont believe that this resolution really addresses the real problem that we have. It looks like its giving the administration an excuse by saying that he is only doing what we have asked him to do, and the administration. And in many ways this is true. The real fault, I think, falls within the Congress ever giving this money and allowing this to happen. But to excuse the administration and then complain about these bonuses and think that that can solve our problems, it just wont do that.
2009 Ron Paul 35:4
The real outrage, I think, is the lack of monitoring of what we do; we give out money, we have no strings attached, we give out hundreds of billions of dollars, and we totally ignore what the Federal Reserve does by issuing literally trillions of dollars. And yet, this is the emergency legislation.
2009 Ron Paul 35:5
This is politically driven, I happen to believe. I think people would like to express their outrage, and they do. And its an easy target, picking on AIG, but we create these problems; we create them by doing things that are unconstitutional. We come up with these schemes and these expressions and excuses, and at the same time, we dont address the subject of why do we spend money, and why do we allow a monetary system to operate without any supervision by the Congress? Thats where our real problem is. And someday we will address that and deal with this rather than doing it in the political way of saying, well, its not our fault, its their fault.