Ron Paul: Bush to blame for US recession

Republican Presidential hopeful Ron Paul says some of the policies of the Bush administration set the stage for a deep looming recession.

In a Thursday Republican debate, the 10-term congressman said the US economy is falling into recession which has been directly influenced by the flawed economic strategies pursued by the current administration.

Criticizing Washington’s monetary and fiscal policies, the anti-war Texan explained that the Americans now enjoy a lower standard of living which is wiping out the notion of middle class citizens.

Paul also held Washington’s aggressive foreign policy accountable for the current economic problems, saying the White House should admit that it has made mistakes.

“Republicans were elected in the year 2000 to have a humble foreign policy and not police the world, yet what are we doing now?” asked the veteran politician.

“We’re bogged down in another war and bankrupting our country and we have an empire that we’re trying to defend” which makes us incur an extreme amount of money every year, Paul continued.

“The people in the country have been begging for a change in direction which they have never had and its time for us to give it to them,” the libertarian-leaning Texan concluded.

Ron Paul supports a foreign policy of peace in which US forces do not police the world and promises to gradually abolish taxes and return American troops stationed in other countries if elected president.

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