Video: Barr on American Morning
September 25th, 2008 by Jason PyeHere is video of Bob’s appearance yesterday on CNN’s American Morning.
Bob explains that the financial crisis is a failure of government, not the free market. He explains in he would put people in place in a Barr Administration that understand the marketplace and scoffs at the alarmism of the Ben Bernanke and Henry Paulson:
My apologies for not getting this posted sooner.
September 25th, 2008 at 11:34 am
Nice job, Bob! It’s so great to hear a voice of calm and reason during this time.
September 25th, 2008 at 11:53 am
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There’s a space at the bottom of the flyer to sign your name if you wish to.
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September 25th, 2008 at 11:59 am
That was a great interview! Much better than Bush’s poorly written and drearily delivered speech last night.
September 25th, 2008 at 12:24 pm
Why didn’t he point out the root cause of the problem which is the the Federal Reserve and its below natural interest rates?
September 25th, 2008 at 12:48 pm
I just saw an Obama e-mail that he will turn the debate into a townhall style meeting if McCain deosn’t show up.
I also was talking to several McCain supporters this morning that have had enough of McCain’s erratic and skittish responses to the economic crisis, are disgusted with the campaign suspension and debate cancellation, and are really angry over his choice of Palin and all the baggage she is bringing to the race (they were originally Romney supporters).
All 3 are moving over to Barr!
This is a very, very good time to woo McCain supporters - the average Republican is so angry with everything that happened this week.
They are unlikely to go to Obama if they see an alternative to Mccain.
September 25th, 2008 at 1:05 pm
I just called the Obama campaign at (866)-675-2008 to request that Bob Barr be included in the debates. Apparently, our voices are being heard at least to some extent, as the volunteer told me that others had made that suggestion and they were “passing the numbers along,” whatever that means.
September 25th, 2008 at 1:05 pm
I’m hearing the House and Senate committees have reached agreement on the bailout package and are expected to vote on it in the next few days.
September 25th, 2008 at 1:50 pm
Thank you Bob! You are the only one making sense in this whole debacle!
September 25th, 2008 at 1:57 pm
I think Barr could have answered the question on whether the crisis was the fault of the free market better. But it’s a hurried format so I understand if he doesn’t hit a home run every time.
I just get frustrated every time I read a blog on cnn or other site where people seem to place the blame for this crisis on the “unfettered free market” operating with “no government oversight.” They don’t understand that we haven’t had an unfettered free market in a hundred years. From the federal reserve’s artificial manipulation of interest rates, to the creation of Freddie Mac et al with the implied if not de facto government backing of certain financial instruments, our economy is rife with the heavy hand of government intervention. That intervention creates imbalances that business enterprises, rightly, attempt to profit from. I would never fault them for pursuing the profit motive. But they should be held accountable for their own losses. I just wish the average American could trace and understand the causality, and not just assume it’s the market running amok.
The LP should send a copy of Henry Hazlitt’s “Economics in One Lesson” to every member of Congress…
September 25th, 2008 at 2:04 pm
What we should do is contact foreign governments and tell them to quit lending money to the US government. If foreign governments dont bail out our government, then it can’t bail out wall street. It would force us into a deep recession and the heads that need to roll… will. Bush ran two busineses into the ground and now he’s running an entire country into the ground. Why should we listen to him at all?
September 25th, 2008 at 3:02 pm
JohnDoe,
Read this:
http://www.huffingtonpost.com/bob-barr/the-bailout-from-hell-mus_b_129190.html
September 25th, 2008 at 3:21 pm
I just do not understand it. Why does Barr not mention the ballot case in Texas? It is almost as if he does not care about the illegal verdict!
September 25th, 2008 at 3:32 pm
I am convinced Barr doesn’t get it. He should spend some time on mises.org and lewrockwell.com and figure out exactly what is wrong with the Paulson Plan.
September 25th, 2008 at 3:49 pm
Jason…
That idea sounds good, but I think the reason that they are willing to loan it to us, is that each time they do give us a check our amount increases of being indebted to them. One of these days, they are going to go through the motions similar to those that a bank does to homeowners in foreclosure and take ownership of the collateral. But then again, that’s just my opinion.
September 25th, 2008 at 4:49 pm
Pretty lame interview. He had a chance to nail the Fed and blew it.
September 25th, 2008 at 5:12 pm
I think Barr did fine. When doing these sorts of interviews, you have to be careful not to come across as a raving lunatic. Ron Paul is a great man and would make a great president, but every TV appearance I have seen him in made him look like a maniac.
Barr did the right thing in keeping things simple and pointing out the simple fact that the market should be allowed to run, things should be kept transparent and to enforce the regulations we have today. Enforcement is a big part of the problem, not lacking regulations.
And to mention “The Fed” is historically a very bad idea. People don’t understand that the U.S. Federal Reserve is no more a part of the US Government than Federal Express is. Studies have always shown that belief and ideology is more powerful than fact. Challenging the Fed not only confuses people, but it frightens them. And some people still believe it was Kennedy’s opposition to the Federal Reserve system that got him killed.
Regardless of any of that, mentioning opposition to The Fed or US support of Israel is political suicide. You have to pick your battles carefully. If Barr were elected president, there is precious little that he could actually change. He could help, things but could change very little and in the end, it might paint the Libertarian Party as a very ineffective party or worse.
(Truly, the way to make REAL change is to get Libertarians into Congress.)
September 26th, 2008 at 6:33 am
Daniel…
You’re absolutely right on the change happening issue. It is true that Bob himself cannot do a whole lot, but every step in the right direction is one less step taken in the wrong direction that we have been traveling. It’s a long road and we must take it one day/battle at a time. Actually, I think that too much change for the better might actually be counter-productive. Kind of like taking a really big bite of a great steak, but its too big for you to handle so you choke. Kind of a simplistic comparison, but maybe the idea will come across. We need to take this one thing at a time on the changes so as not to create mass confusion/hysteria.
September 26th, 2008 at 12:04 pm
Bob needs to make a single point this week:
McCain and Obama favor bailing out poorly run corporations and their inept or corrupt CEOS and officers (who still command million dollar salaries and severence packages) and foreign banks at the expense of hardworking American taxpayers and their families who have played by the rules. This is a decision that will haunt American families for generations. And these dollars will reward lobbyists who have long lined their pockets at the expense of the american people.
This is a historic moment in time for the people of the United States.
The time to say no is now!
The time to vote for Bob Barr is now!