1 October 2008

Ron Paul: 'It's a bad bill'

CNN - Two days after the House rejected the $700 billion bailout bill, the Senate is set to vote on the rescue plan for financial institutions.

Former Presidential candidate Ron Paul talks about the bailout to CNN.

Rep. Ron Paul: I think it's a bad bill. I think it's bad for the taxpayers. I think it's doing more of the same thing. The same policy that we're following now with this bill is exactly how we got into that trouble.

And you know, I really don't have that much clout in Washington, D.C. And I recognize it. But there are a couple people outside of Washington that care about what I'm thinking and care about free market ... economics. And they will respond. And I think we did help generate a little bit of mail to the House members.

So you go where you can have the influence. And I think that people -- the grassroots -- understand this a lot better than members of Congress give them credit for.


I think he might have a point...

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