| PookyNMR wrote on Sun, 15 February 2009 07:25 |
| wwittman wrote on Sun, 15 February 2009 00:12 |
Paul was the only publican candidate who was against the Iraq travesty.
and that is the ONLY good thing one can say about him
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While I thoroughly agree that his libertarian social policies were rubbish, he was spot on not only about the war and ending American imperialism, but also with the economy - predicting our current situation at least a decade ago. He's one of the few who actually understands the economy, the federal reserve and our spending having been the head of the house finance committee. This is why every news agency has been interviewing him non stop since he dropped out of the presidential race.
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I think "spot on" is revisionist history. I've seen a paper of his from more than twenty years ago where he seemed pretty certain disaster was imminent. He's been preaching disaster for decades, he was wrong for many years, for many years those who disagreed with him were right, but the day circumstances change to match what he says, he's a guru?
Also I've never seen anything where he's predicted that the problem would be a loss of confidence and a drying up of credit, so he hasn't actually predicted the nature of the current problem.
As for being one of the few who actually understands the economy, he's a follower of the Austrian school, which would mean that the majority of economists would tell you he doesn't understand the economy.
