Texas Straight Talk

June 23, 2008: A Major Victory for Texas

"However, many in Washington fail to realize it was government
intervention that brought on the current economic malaise in the first
place. The Federal Reserve’s artificially low interest rates created
the loose, easy credit that ignited a voracious appetite in the banks
for borrowers. People made these lending and buying decisions based on
market conditions that were wildly manipulated by government. But part
of sound financial management should be recognizing untenable or
falsified economic conditions and adjusting risk accordingly. Many
banks failed to do that and are now looking to taxpayers to pick up the
pieces. This is wrong-headed and unfair, but Congress is attempting to
do it anyway."

Speeches and Statements

May 20, 2008: March to War in Lebanon?

"Madam Speaker I rise in opposition to H. Res. 1194 because it is
dangerously interventionist and will likely lead to more rather than
less violence in the Middle East."

Press Releases

May 14, 2008: Congressman Paul Questions Former Fed Chairman Volcker

“This morning at a Joint Economics Committee Hearing Congressman
Ron Paul had the opportunity to question former Federal Reserve
Chairman Paul Volcker on the economy and the credit crisis."