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elephant Amendment No. 5 Offered By Mr. Paul 30 March 2000 2000 Ron Paul 22:3 Mr. PAUL. Mr. Chairman, I would first like to assure the gentleman from Wisconsin (Mr. OBEY) that I am not dealing with a fly, a gnat, or a flea with my amendment. I would rather not categorize this as dealing with an elephant for obvious reasons. elephant Sometimes The Economy Needs A Setback 10 September 2001 2001 Ron Paul 77:12 Booms not only precede busts; they also cause them. When capital is so cheap that it might as well be free, entrepreneurs make marginal investments. They build and hire expecting the good times to continue to roll. Optimistic bankers and steadily rising stock prices shield new businesses from having to show profits any sooner than “eventually.” Then, when the stars change alignment and investors decide to withhold new financing, many companies are cash-poor and must retrench or shut down. It is the work of a bear market to reduce the prices of the white elephants until they are cheap enough to interest a new class of buyers. Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Pauls Congressional website and is not included in this Concordance. Remember, not everything in the concordance is Ron Pauls words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see. |