Tuesday, October 7, 2008
Congressman warns enhanced bill worse than original
Texas Congressman Ron Paul has warned that the amended bailout legislation that passed Congress on Friday is not only far worse than the original bill but is also unconstitutional. "It's amazing, you take a very very bad bill, appropriating $700 billion, you can't get enough votes to pass it so you take it back out, you make it much worse and take it up to over $800 billion." Paul commented. Watch Ron Paul's reaction to the passage of the bailout: Earlier in the day Ron Paul had taken the floor in the House to express his opposition to the bailout, stating that it represents an evasion of the real problem and more of the same inflationary practices that have caused the crisis in the first instance.