Appearing on Glenn Beck last night, Ron Paul said that Fannie Mae and Freddie Mac should be allowed to fail. Unlike Libertarian presidential candidate Bob Barr, who says Congress should provide a “temporary line of credit” to boost the share price of the publicly traded stock — and give the Fed more “oversight” over the housing industry — the Republican congressman said Congress should eliminate the GSEs’ implied line of credit to the Treasury and allow the companies to be liquidated.
Last week, Bob Barr failed to attend Ron Paul’s Revolution March in D.C., allowing Chuck Baldwin to share the stage with Paul and receive a rousing ovation from the more than 5,000 in attendance.
12 responses so far ↓
1 aynrkey // Jul 17, 2008 at 12:41 pm
So the Republican is following the libertarian line, and the Libertarian is following the republican line. Priceless.
2 svf // Jul 17, 2008 at 12:49 pm
ok, I’m over the edge…
So I’ve been lurking for awhile here, really appreciated your LP convention coverage, etc.
But ever since, you’ve lost any credibility and integrity you once had.
This post is just the latest example, capped off by this little nugget…
” Bob Barr failed to attend Ron Paul’s Revolution March in D.C. ”
maybe he wans’t invited…? maybe he had a prior commitment at FreedomFest in Las Vegas…? maybe his campaign would rather not be assocaited with 9/11 Truthers and Moral Majority Christian Conservatives?
Everything you post about Barr on this site is dripping with derision and disgust, selectively highlighting over and over and over again the “news” about him that you find distasteful.
This COULD be the best source for balanced and inclusive 3rd party information on the web. But your glaring biases will apparently prevent that from ever happening, not to mention your pathetic TPW bashing.
You can beat TPW with QUALITY and impartial CONTENT, without resorting to whiny name-calling.
Jesus, man! Save the snark and the petty attacks for the comment section. The five anti-Barristas who visit this site hourly will not let you down, I assure you.
3 Jason_Gatties // Jul 17, 2008 at 1:07 pm
Trust me, there are way more than 5
4 G.E. // Jul 17, 2008 at 1:22 pm
svf - I think it is newsworthy that Ron Paul’s response to this “crisis” is infinitely more libertarian than the “solution” offered by Bob Barr. It is relevant because Barr is trying to position himself as the “new Ron Paul” — stroll over to TPW if you think that’s not the case. It is. And therefore, his failure to attend the Revolution March — a flub for which the campaign manager should be fired, says non-anti-Barrista Chuck Moulton — is also relevant in supporting this story that Barr is failing in his efforts to convert the Revolution to his cause.
As for TPW bashing — they’re stealing our content. How is saying so “bashing”?
If you’d prefer to get your news from the Barr-owned media mill known as TPW, no one is stopping you. We’d appreciate your continued readership. But we will continue to cover Barr’s deviations from libertarianism, and if you’d prefer to never read a negative thing about Barr, TPW gives you that opportunity.
5 Jerry S. // Jul 17, 2008 at 2:03 pm
Come on now!
http://baldwin08.com/files/Momsticker.pdf
You won’t see any of these for Mr. Barr.
Mr.Barr didn’t get an invitation to the D.C. event, Dr. BaldWIN did. I still say we shouldn’t waste time attacking fellow third party members, attack the Ds and Rs they DESERVE IT!
http://www.youtube.com/watch?v=J34AwnfgYhk&feature=user
http://www.youtube.com/watch?v=7_k3yvqESlY&feature=related
6 Trent Hill // Jul 17, 2008 at 3:27 pm
“maybe he wans’t invited…? maybe he had a prior commitment at FreedomFest in Las Vegas…? maybe his campaign would rather not be assocaited with 9/11 Truthers and Moral Majority Christian Conservatives?”
Barr WAS invite, and he turned it down.
7 Deran // Jul 17, 2008 at 5:08 pm
I completely agree these corporations should not receive a government bailouts; the who “secondary mortgage” industry should be renationalized. Speculation in housing, like speculation in utilities and food are dangerous in that they create social chaos. And social chaos leads to the popularity of neo-fascism or neo-maoism among the desperate. And unless you want each person an armed fortress (I pro-gun rights, even though I’m very leftist), I would think exacerbating chaos is just going to make things worse for all of us?
I completely accept that the current federal government is no great shakes, but in the US system, if we could eliminate the control of politics by the multinationals — it seems better then to have stabilization on a federal level, than just predation and rapacious profiteering?
This is why I support McKinney and Nader on this issue. They don’t want to increase people’s misery, but they don’t want to waste money bailing out these for-profit enterprises.
8 Bill Woolsey // Jul 17, 2008 at 6:23 pm
G.E. claims that Bob Barr advocated having the government prop up the stock of Fanny Mae and Freddy Mac. I was puzzled by this.
He links to another article by him. In that article there is a quote from Barr. Nowhere in that quote did Barr advocate proping up the stock of Fanny Mae or Freddy Mac.
I suspect the problem is a mixture of G.E. not understanding the issues involved, blind hatred of Bob Barr causing him to attribute the worst motives to Barr, and perhaps, a little black propaganda.
If this site is to have any pretence of being a serious source of news, G.E. needs to learn a little self control.
9 G.E. // Jul 17, 2008 at 6:27 pm
How would a bail out do anything other than prop up the stock price?
Fannie and Freddie, absent government intervention, are destined for share prices of $0.
Tell me, professor, where I’m wrong and Barr is right.
10 Steve LaBianca // Jul 17, 2008 at 7:28 pm
Read this transcript of Barr on Neil Cavuto three days ago:
http://www.foxnews.com/story/0,2933,382881,00.html
Barr says “because the government has caused this problem, . . . it has to do something.”
AND,
“I think, though, that, if we — we have some — some temporary line of credit — and I think it’s important to do this through the Congress, so Congress understands and has a stake in this as well.”
AND,
“But the ultimate goal, I think, has to be a very firm commitment to restructure Fannie Mae and Freddie Mac.”
As opposed to Ron Paul, let it fail. Ron Paul, a seasoned student of the Mises economics KNOWS, more intervention is just reason for more and more and so on . . . Barr simply doesn’t know how to be anything other than give the political solution . . . bail them out! Barr either doesn’t know economics, or simply doesn’t have the cojones to cave into politically expedient solutions. Either way, he sucks!
Keep up the good work GE. The Barr supporters are getting pretty scared that their guy is screwing up big time, and they are scrambling to do damage control!
As I have said SO many times, Ron Paul is not perfect, but you Mr. Barr, are no Ron Paul!
11 Habit4ming // Jul 20, 2008 at 9:33 pm
Barr tried to hijack Ron Paul supporters BEFORE Dr. Paul suspended his campaign; Barr has already flip-flopped on global warming; Ron Paul is an economics expert, Barr is not; Barr voted for the Patriot Act, et cetera….
McCain = Obama = Barr
12 niceguyeddie // Jul 29, 2008 at 8:16 pm
Bailout = Redistribution of wealth = socialism
but then again WHY not just have the taxpayers pay a bailout (ehem an investment) tax. I mean why invest and take risks just give the government the money outright and let them in their omniscience declare where everyones investment dollars should be placed to yield a maximum socialistic affect on the otherwise free markets.
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