Prison Planet.com » Obama Says “Everybody Underestimated It” – These Contrarians Didn’t

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EXCERPT

…..Ron Paul – June 3, 2009

We cannot expect correct policies to be implemented if we don’t understand the cause of the crisis… We have failed to recognize the true cause of the crisis. Instead, free markets and not enough regulations and central economic planning have been blamed… There is an attitude that the deficit and inflation can be dealt with later on. Yet tomorrow will be here sooner than later… Pretending that politicians, central bankers and regulators have the knowledge to centrally plan the economy and police the world only makes things worse.

Mr. Obama’s suggests in his recent interview that, though he, his advisers and industry experts didn’t realize how bad it was going to get, they have it all figured out now.

If there’s one thing we should have learned from ‘everybody’ in the last few years it’s that we should fear the experts and their consensus opinion, because there’s a strong likelihood that ‘everybody’ is underestimating ‘it’ yet again.

Moreover, they are overestimating their ability to mitigate this crisis with the same policies – those of government intervention and expanded central planning, easy money, crony capitalism, taxation and wealth redistribution – that got us here in the first place.

Unfortunately for the American people, the experts still haven’t realized how bad it really is……

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EXCERPT

via Prison Planet.com » Obama Says “Everybody Underestimated It” – These Contrarians Didn’t.

 

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