Bob Barr criticizes Fannie Mae/Freddie Mac bailout
Jul 28, 2008 economy, news, politics
In an interview on fox news (Your World with Neil Cavuto), Bob Barr, the Libertarian nominee for president, criticized a potential Fannie Mae/Freddie Mac bailout - saying that it further puts taxpayers at risk if the government gives Fannie Mae and Freddie Mac even a temporary line of credit. Connell McShane, in typical mainstream media ignorance, said “The question you have to ask yourself, as you know, in these situations is, what happens if I do nothing? What would happen if the Treasury, the Fed, the government did nothing in this case?” to which Bob Barr replied, “I think right now, doing nothing would not be advisable. As much as a Libertarian, we don’t like to see — and I don’t like to see — the government get further involved with yet another sector of the economy. I think, because the government has caused this problem, similar to the savings and loan problem that the government caused a generation ago, it has to do something. The question is, can it do enough by providing some temporary security, some temporary backup?” The savings and loan scam, ironically, is the same one that John McCain was involved in. Are we really so ignorant as to think that John McCain, one of the Keating five, is going to do anything to get the government off the backs of the people? I think not. Unfortunately, neither will Obama - he is a worthless candidate as well. That is why I am voting third party this election cycle. Bob Barr is great, but Chuck Baldwin is better. Chuck Baldwin for President 2008! (That is, if Ron Paul doesn’t take the nomination in a brokered convention.)
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