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Ron Paul: Economy is biased against the poor

By Eric W. Dolan
Thursday, October 6, 2011 18:34 EDT
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Texas congressman and Republican presidential candidate Ron Paul said Thursday on CNN that the U.S. economic system was biased against the poor and middle-class.

Paul was asked about a comment made by his fellow presidential candidate, Hermain Cain, who said that people should only blame themselves for not having a job and not being rich.

“I imagine that applies to a few people in this country,” he said. “But I don’t come at it that way, because the system has been biased against the middle-class and the poor.”

Paul explained that the “deeply flawed” Keynesian economic system of the U.S. had destroyed the dollar, which transferred wealth to the rich because they were the only ones who owned capital and received government bailouts.

“People are begging and pleading for jobs, but there are no jobs as a consequence of bad economic policy,” he said.

Watch video, courtesy of CNN, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
 
 
 
 
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