Libertarians for Ron Paul

‘Don’t bail out the bankers, throw out the incumbents’

The Libertarian Party of Michigan is fielding of full congressional slate in 2008; 15 candidates for the House of Representatives and Scotty Boman for U.S. Senate. Today, all 16 issued a joint media release condemning the federal bailout of the financial system.

“These problems were caused by the Republican and Democratic politicians in DC and the Federal Reserve!” says Scotty Boman. “They created the government monopolies Fannie Mae and Freddie Mac. They required them to insure no-money-down loans at artificially low rates to people without the ability to pay them back.  They inflated the money supply, driving down interest rates, and artificially inflating home and asset values.  Giving the same incompetent government regulators even more control over the market would be insane.”

Full Report on Michigan Libertarians @ http://www.independentpoliticalreport.com/2008/09/michigan-libertarians-for-congress-unanimous-dont-bail-out-the-bankers-throw-out-the-incumbents/