Ron Paul, ‘The Silver Fox’

January 26th, 2008

The Florida debate threw up a fascinating situation when Ron Paul asked John McCain a question:

McCain stumbles over Ron Paul’s question. He didn’t answer it because he had no clue what the Ron was talking about and has little knowledge of the way the economy works. The entire time answering the question he just named people he would have in his administration if he were elected and avoided the question.

Transcript of Ron Paul’s Question and McCain’s answer.

“My question is for Senator McCain. This is an economic question that I want to ask. It has to do with the President’s working group on financial markets. I’d like to know what your opinion is of this and whether you would keep it in place, what their role would be. Or would you get rid of this group? And if you kept the group, would you make sure that we’d see some sunlight and know what they’re doing and how they are being involved with our markets?” – Ron Paul

“Well obviously we would like to see more sunshine but I as President, like every other President, rely primarily on my Secretary of Treasury, on my Council of Economic Advisors and Head of that and I would rely on circle that I have had developed over many years of ..people like Jack Kemp, Phil Gramm, Warren Ruddman, Pete Peterson and the Concord Group. I have a process of leadership, Ron, that is sort of an Inclusive one that I have developed a circle of acquintances and and people who are supporters and friends of mine whom I worked with for many many years.” – McCain

“You get rid of this group.” – Ron

“You remember, in 1982, Phil Gramm and Warren Ruddman and Graham and all those people got the first real tax cuts done… The Real first restraints in Taxes. I was there. You were there. I rely on those people to a much larger degree than any “formal” organization. Although the Secretary of Treasury is one the Key and important post that I would have.” – McCain

This demonstrates several things, one of them being the McCain supporter that I met at random, “birds of a feather flock together”.

First of all, lets get some information:


January 26, 2008 — Republican White House hopeful Ron Paul has made shining some light on the secretive President’s Working Group on Financial Markets – better known as the “Plunge Protection Team” – his pet cause.

The Texas congressman brought up the issue at Thursday night’s Republican debate in Florida. Paul asked candidate John McCain whether he would keep the Working Group and if the Arizona senator would open it up in order for the public to see how it works.


On Wednesday, Paul indicated that the Working Group may have had something to do with that day’s nearly 300-point stock market rally.

“Rep. Paul believes the [Working Group] wields a heck of a lot of influence and operates without public scrutiny and with no accountability,” a spokesman said. “Sen. McCain seemed to indicate in his answer that he didn’t know what the group was.”



That is news to me, and I would imagine, the majority of people.

John McCain claims that he is fit to ‘run the economy’. Clearly this is not the case.

Ron Paul, even with all of his knowledge of the inner workings of the executive and his vast experience and deep understanding expounded in the many essays and books he has authored and co authored admits that he does not know how to run the economy.

As you can see, John McCain has a long laundry list of people who he would use to tell him what to do once he gets into office. The Washington Post had an unpleasant shock at the level of ignorance of this man:

At a recent meeting with the Wall Street Journal editorial board, Republican presidential candidate John McCain admitted he “doesn’t really understand economics” and then pointed to his adviser and former Senate colleague, Phil Gramm – whom he had brought with him to the meeting – as the expert he turns to on the subject, The Huffington Post has learned.

The incident was confirmed by a source familiar with the proceedings of the meeting.

On the campaign trail, McCain has often made light of his lack of economic policy understanding. But his concern over such a shortcoming may be even greater then he has suggested.

This is not the first time McCain has turned to Gramm as a buffer for criticism of his economic views – or lack thereof. Gramm, who regards himself as a budget-balancing, anti-government spending Republican, was brought on board a sputtering McCain campaign last summer. Since then, McCain has staged a political recovery and is now a serious contender for the GOP nomination.


Even as far back as 2005, McCain was admitting that he lacked depth in economic policy. Writing in the Wall Street Journal, columnist Stephen Moore offered a probing and at times blunt assessment of McCain’s economic policies. “[He] readily departs from Reaganomics,” Moore wrote. “His philosophy is best described as a work in progress. He is refreshingly blunt when he tells me: “I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.”

And to whom did McCain tell Moore he turns to for advise? “His foremost economic guru,” wrote the columnist, “is former Texas Sen. Phil Gramm (who would almost certainly be Treasury secretary in a McCain administration).”

McCain’s office did not return multiple requests for comment. The Wall Street Journal, as a company policy, does not comment on meetings that take place privately with their editorial board.

“People around the table were sort of taken back,” said the source . “They thought McCain would have better answers.”



The truth of the matter is, the ‘factor of influencability’ of John McCain is the square of the number of people he relies upon to advise him what his policy should be in any particular area. That means that he is many times more vulnerable to being turned into an unwitting puppet, working at the behest of special interests.

Ron Paul on the other hand, is not only an intellectual, giving him ample protection from the pernicious influence of advisors, but more importantly he is constrained by The Constitution so no matter what people bring to him as solutions to a problem, if it is not within the remit of the executive, it will not be acted upon.

This debate shows perfectly why McCain is unfit for office. It demonstrates once again, that Ron Paul outclasses all the other candidates. Romney, the buyer of influence whose campaign finances are secret, Guliani, the giggling warmongering booster of ID cards, Huckabee, who is as unqualified as McCain with the extra added taint of Religion™ – none of these men compare in knowledge, substance or quality of character to Ron Paul.

This debate gave us another glimpse at the profound change that would be unleashed by a Paul Presidency. It is clear that this highly intelligent man is the greatest threat to the established order that has been seen for a very long time.

And to think, this is only the beginning!

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