10/3/08 Speech By Ron Paul On Passing The Bailout

Congressman Ron Paul speaking after passage of the bailout bill on October 3, 2008




Since October 3rd:
--The bailout did nothing to improve confidence in the markets
--The Federal Reserve put an additional $800 Billion into the market for the purchase of commercial paper
-- Reduced the prime rate and discount rate by 1/2 %

Result to date- Stock Market has dropped from 10,482 on 10/3 to 9,258 on 10/8 a drop of 1,224 points. You make your own decision......