House Proceeding on Mar 19th, 2009 :: 0:36:05 to 0:38:20
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0:36:04 to 0:36:25( Edit History Discussion )

Ron Paul: embarrasses those who vote for minutes to the distinguished member from texas, mr. paul. the speaker pro tempore: the gentleman is recognized for two minutes. mr. paul: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. mr. fall: i thank the gentleman for yielding. i rise -- mr. paul: i thank the gentleman for yielding.

0:36:05 to 0:38:20( Edit History Discussion )
Speech By: Ron Paul

0:36:26 to 0:36:47( Edit History Discussion )

Ron Paul: i rise in opposition to this rule and the bill because of the problem -- because of the lack of need for this and the disgrace that this has brought upon us. yesterday, for instance, the federal reserve met and th came out and they announced that they would create new money to the tune of $1.25 trillion. the dollar probably went down 3%, and today it went down another 1.5%.

0:36:48 to 0:37:08( Edit History Discussion )

Ron Paul: and today we're going to and on emergency legislation we're going to deal with $165 million of bonuses which obviously shouldn't have never been given. but who's responsible for this? it's the congress and the president who signed this. so this is a distraction. this is an outrage. so everybody can go home that

0:37:09 to 0:37:30( Edit History Discussion )

Ron Paul: voted for this bill say, look, i'm clamping on this $165 million but i don't care about the previous $5 trillion the fed created and the $1.25 trillion thecreated yesterday. think of the loss of purchasing power in less than 24 hours. and we think we can solve this problem. we first appropriate

0:37:31 to 0:37:52( Edit History Discussion )

Ron Paul: billion, we give it to the treasury, we have no strings attached. and then you have an unintended consequence so we express this outrage. at the same time what do we do? we come along and we now propose to pass a bill of a ttander.

0:37:53 to 0:38:14( Edit History Discussion )

Ron Paul: they consequence. what do we do? to further undermine the constitution. the lines should be drawn in the sand. let's quit appropriating funds in an unconstitutional mainer, let's -- manner, let's quit bankrupting this country. if you want to consider something, you should consider

0:38:15 to 0:38:20( Edit History Discussion )

Ron Paul: h.r. 1207. i understand that the fed and treasury have proved in these