Thread: Stimulus Package is Latest Battleground in War between Ron Paul and Big Government

(NaturalNews) A battle is on in the world of economics, a battle that can be symbolized as David vs. Goliath. It is the intellectual and tactical battle between big government and small government. Goliath is big government whether it is headed by George Bush or Barack Obama, the new president who promised change but is promoting the business of big government as usual. David is small government, currently being represented by Ron Paul, the Constitutionalist Congressman from the House Financial Services Committee, who thinks big government is the problem, not the solution. The most recent battleground is the economic stimulus package newly emerged from the shoot of big government.

The basic premise of Goliath is that to keep the current economic malaise from rivaling or exceeding the scope of the Great Depression, the government must stimulate the economy with massive amounts of money so consumers can get loans to continue their binge of accumulating material goods. Even though too many people already have a house they can't afford, a new car, bulging closets, spoiled children, and debt up to their eyeballs, Goliath sees the current crisis as the result of the drying up of credit and the refusal of lenders to lend. This vision is like telling a man who has just finished a seven course dinner that the only way around his indigestion is to eat another meal.

David thinks that in order to keep the current economic crisis from turning into a prolonged depression as was witnessed in 1929, the government must retrench and let the invisible hand of the market cleanse away the debt overhang before any real economic growth can again take place and the economy can right itself. David thinks the man who just finished the seven course dinner should take a digestive enzyme, lie down and sleep it off.

Stimulus Package is Latest Battleground in War between Ron Paul and Big Government

Originally Posted by raycarey

i think ron paul is a pretty interesting guy, but massive govt. programs are the only way out of this mess.

Many disagree.

Massive spending mean more deficits, and adding to the National Debt. Printing more money, and selling T-bills to foreign nations.

How much of this spending will get to the people, who are supposed to 1. get jobs and 2. spend the money as a result?

The government's approach is to get lenders to lend, and borrowers to borrowers.

This was the problem in the first place. And Obama's picks of Geitner and Summers go to show that he's a continuation of GWB.