March 22, 2017

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Who Manages Finances Better, Mitt Romney or Ron Paul? Look No Further Than 2008 Campaign

Want to get an idea as to who would be better at running America’s finances, Mitt Romney or Ron Paul? Look no further than how they managed their own finances during the 2008 Presidential Campaign.

Looking at the Quarterly FEC reports, which shows total contributions from individuals, political party committees, other political committees, and the candidate, loans, receipts (incoming money), and disbursements (outgoing money) for the election cycle, Mitt Romney was over $35 million in debt for the election cycle ending December 31, 2007. How much debt did Ron Paul have for his entire 2008 Presidential campaign? Zero debt. Figures can be seen in the charts below (source).

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Flash Forward to the 2012 Presidential Campaign – Mitt Romney vs. Ron Paul

While Mitt Romney, as of the end of September 2011, has not loaned his campaign any funds this election, he is outspending all of his competitors in what I would call a blatant attempt to buy the election.

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It wasn’t too long ago that former Goldman Sachs CEO, Jon Corzine and current CEO of MF Global spent over $62 million of his own money in a successful Senate campaign, the most expensive Senate campaign in U.S. history. MF Global is now bankrupt and Goldman Sachs was Mitt Romney’s top contributor in 2008 and so far in the 2012 Republican nomination race. Is Goldman Sachs trying to buy this election? Who is the rest of Wall Street trying to influence and why?

From the Washington Post; “The records show Romney continues to rely heavily on the Wall Street and banking sector for financial support, led by U.S. employees of firms such as Barclays Capital, Goldman Sachs, Deutsche Bank and Morgan Stanley.”

Ron Paul’s top contributors on the other hand are the U.S. Army, U.S. Air Force and U.S. Navy.  The only Presidential candidate who wants to end the wars receives the most money from the armed forces. What does that tell you?

The other candidates would rather our nation continue to make our future generations debt slaves fighting undeclared wars the world over.

Mitt Romney’s finances show he is ok with debt and big spending. It is clear he will defend those who need future bailouts. Goldman will be one of the first companies with their hands out during the next financial crisis if Romney is elected. Electing candidates like Romney, Gingrich and Santorumm, who voted to raise the debt ceiling five times while Senator, will result in a lower quality of life for all Americans. You can bank on it.

Ron Paul is a better choice for President. He is more economically sound, uninfluenced by corporate and lobbyist interests as he can’t be bought, and is the only candidate who cares about the liberty of the People.

To find out more about Ron Paul, please go here: Ron Paul 2012.