Thursday, January 29, 2009

Washington Times: Ron Paul leading opposition to bailout.

Rep. Ron Paul, Texas Republican, warned that Mr. Obama's plan to stimulate the economy will cause inflation and lead to a depression.

"This stimulus package is going to cause every American $6,700 of more debt," he told CNN in an interview.

Mr. Obama planned to meet with Republicans on Capitol Hill later Tuesday to discuss his proposal to boost the economy with spending on repairing the nation's infrastructure, schools and government buildings; offering tax breaks; and creating up to 4 million jobs.

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