The Cody Word

RMC

If the current government has to spend another $2 Trillion on TARP and $787 on "Stimulus", well, $2 Trillion would pay for 2 million loans to be restructured and written down by an average of $100K each (for those who could then pay) and the $787 Billion given to private sector employers through reduced payroll taxes would pay for 5 to 7 million private sector jobs plus benefits for two whole years, or 10 to 14 million jobs plus benefits for one year. Though I do not condone spending that much because of the long term consequences, there are much more direct ways to IMMEDIATELY help the economy and not enlarge the government so that we have to pay increased taxes in perpetuity to support the new agencies and programs.

February 14, 2009 at 1:16 am

hankreardon

PART 2: Rather than demonize hedge fund managers as was surely the intent months ago when J. Paulson, Soros, Simons, etc were brought to Washington... i think perhaps that along with Dr. Paul some of these brilliant minds should be used to help further our country's understanding of how we got here -- i also think that some of them are inches away from connecting the dots that it all leads back to the FED and that many could be great allies in our quest for liberty. I think investors like John Paulson, Ray Dalio, Seth Klarman etc should be contacted and should be (if they choose to be of course) vocal about how we got here and that our fix does not come from more credit and more spending.____PS - Ask Dr. Paul about his campaign for liberty and how you can get involved - you would be among friends for sure.

February 13, 2009 at 2:23 pm

hankreardon

PART 1: I am involved in the hedge fund industry and it is becoming increasingly clear to me that those who either explicitly are aware of the Austrian Theory (explanation) of the Trade Cycle or who through deductive measures recognized the symptoms for what they were (bubbles and massive valuation dislocations caused by loose credit) were able to weather one of the toughest years on record and some even to profit handsomely. Why are we looking to failed business people, keynesian economists, and investment bankers (or ex investment bankers) that now reside in our Treasury for the answers?

February 13, 2009 at 2:23 pm

alreadyinuse

Cody, you're our man on the inside. When will FOX add the "Freedom Watch" video to the archives?

February 13, 2009 at 8:35 am

Susanne

Good show, Cody! So glad to finally hear you discussing the issues with my hero, Dr Paul. Have you ever thought of running for office? That would be awesome!

February 13, 2009 at 12:11 am

Lynn

I've sent letters upon letters starting with the first bailout now known as TARP. Continued to send them on the current stimulus bill. It doesn't make any difference as Congress has their own agenda. Neither of my senators (CT) bother to respond, nor did our President, Mr. Obama. Does anyone else is feeling disenfranchised? Any suggestions on how to get heard? BTW Sandra - what's an excellent question, and I wonder why Geithner isn't in there with Dodd and Franks.

February 12, 2009 at 7:05 pm

Steve

I would like you to ask the judge about state secession since there are a few states already looking at this. Also I would like to know about the health care parts of the bill

February 12, 2009 at 4:28 pm

kerbylavonia

Ruidoso time will be 12:30 pm??

February 12, 2009 at 4:18 pm

Phil

great show btw!!!

February 12, 2009 at 5:21 am

Ben Straub

I know this is different than the above comments but here it is: Paul and others have brought up the problems with healthcare. My question is: How can you fix healthcare when the food supply that most people have access to is so toxic? Some eat organic, non-gmo, non pesticide-laden foods that are free of high fructose corn syrup and partially hydrogenated oils, etc. but of course that is a small minority. Most people eat a toxic mix resulting in all sorts of ailments. How can we educate the masses to take more care in what they eat in light of the fact that most people could care less. We are all paying dearly for the diseases caused by the food supply. Does government have a role?

February 11, 2009 at 10:35 pm

rh2195

I just watched this show and was riveted by its content. We need this show in prime time on either FNC or FBN. Secondly, we need a revolution. Maybe the Campaign for Liberty convention in St. Lous on March 27-29 is where we need to begin.

February 11, 2009 at 7:56 pm

Joe Aiello

To Ron Paul & Cody: I'm relatively new & inexperienced with studying the Austrian School of Economics 1) I'd like to hear you illustrate the similarities when juxtaposing policies from the Great Depression and this crisis. As we know, bailouts, tarp etc is a redistribution of wealth. Which companies/industries benefitted from inflation during the Great Depression and who will benefit now? 2) We know that inflation means an increase in the money supply. The Great Depression experienced massive inflation of the money supply w/o the consequence of price increases. Why? Also, will the same thing happen again with today's inflationary policies? 3) Thoughts on precious metals; short term, long term

February 11, 2009 at 6:49 pm

Dean D'Alessandro

Hello Cody, I am a great fan of yours, I try and follow you everyday on Happy Hour...and the other Fox Shows. You are one of the few that can see our freedoms being eroded by the government confiscating our wealth or as you say our property. It is exactly what you say.. it's thievery plain and simple. Please ask Judge Napolitano when he thinks its time for the PEOPLE as set forth in The Declaration of Independence for us to "rid ourselves from the chains of tyranny". It is our obligation and duty to do this not the governments... this is obvious due to the fact that in addition to the declaration our founding fathers wrote the Constitution and the Bill of Rights which is suppose to protect us from tyranny. When have we had enough when our representatives don't listen and react to us. Calling them and writing to them does nothing !!!!! They do whatever they want.... this is tyranny plain and simple. Sincerely, Dean

February 11, 2009 at 6:47 pm

Mitchell Thompson

Things that I would like to hear talked about are: 1. Legitimate Third Party - I love many of the pieces of the platform of the libertarian party, but it is a tarnished name, but if a new party with good leadership and a name of reckoning could rise from the ashes, I think many people would add their intelligense and grit to the party and build it into a powerhouse. A party that represents the free market system, whose structure is built around the constitution and the freedom to both succeed, but also fail. 2. How do we build a grass roots idealogy of pulling one's self up by their bootstraps instead of waiting for the government to throw them a bone? The only way we can stop this growth of government is to show through actions that as long as the opportunity is there, which it is for everybody, anybody can succeed...or fail, but that is part of opportunity. Portray it as what it truly is , a good thing. Show the many people that have failed, but kept trying and eventually got ahead without having the government help them out.

February 11, 2009 at 12:48 pm

Bert

Ask them how does Obama think he can re-create the New Deal when there is very little manufacturing base in 2009 vs 1939 that will put people back to work? Are bookkeepers going to take up being flagmen at highway constructions sites? Are receivable and payable clerks going to run asphalt graders? Or can we depend on native industry -- retail, bars, restaurants, tattoo parlors, and prostitutes to lift us out?

February 11, 2009 at 12:11 pm

jeremy

I'd like to see sombody talk about the HEALTHCARE provisions in the "stimulus" bill the senate passed yesterday.

February 11, 2009 at 11:14 am

Sandra

I would like you to ask them HOW COME Barnie Frank, Chris Dodd and company are not in jail yet!!! WHY on earth would our new Treasury Secretary even THINK about giving these unethical morans any insight or oversight of the 'recovery' plan. WE THE PEOPLE are very tired of all the nonsense. Let him cut the federal budget, including senators and congressman's salaries and benefits. There is SO much waste in Government it is quite sickening to see them want to put MORE under Government control. I would like a reason for staying in this country if we are going to be like the other Socialist NAtions. Thanks Cody for all you Do! Continue to fight and speak up for those of us who are irritated.

February 11, 2009 at 11:11 am

Rich Vermillion

Cody: On second thought, reverse the questions between Ron Paul and Peter Schiff. I think a reverse order would provide clearer answers to the questions I posed in my previous comment. -Rich

February 11, 2009 at 11:10 am

Rich Vermillion

Cody: Ask Ron Paul to elaborate his thoughts on the monetary-supply hyperinflation already in progress (I linked this comment to my own article on this subject if you want some FED data to present) and its likely result in price-hyperinflation in the very near future. Ask the Judge to comment on his published statement within his book, "Constitutional Chaos" that State secession is a legal and Constitutional choice for individual states. Ask him: Should individual states consider doing so today given the Federal corruption and mishandling of everything from the monetary/bank system to border control. Ask Peter Schiff to comment on the complete erosion of the U.S. political system due to un-Constitutional "two-party" politics, and the immoral election laws that prevent true choices of parties (and candidates) at the polls. That's my two-cents on what I would like to hear. :)

February 11, 2009 at 11:04 am

Robert

Both Ron Paul and Peter Schiff have eloquently explained to all who would listen the dire consequences that result from fiat currency, fractional reserve banking, and abandonment of capitalism and the Constitution. Just follow their lead. You will be right at home with these men. I look forward to the program.

February 11, 2009 at 10:56 am

Chris - Arizona

I would like someone to ask a democrat, any democrat and especially Obama; Have they ever studied economics? Basic economics, or is that not required in law school? Government over spending, being too involved with the housing mortgage market, has led us to where we are today. Yet the clowns ( I will not call them leaders - they are far from that) in Washington expect us to look to them to get get us out of the economic mess we are in when they steered us here! Most of the elected and appointed officials think and act like they are above basic effects of economics. Where do they get the money from? Taxpayers - people who work for a living - not welfare recipients. But again - Washington is making more and more welfare recipients with everything they do. We as a nation are going downhill fast,for a very long time. I hope we can survive. Chris - Phoenix AZ

February 11, 2009 at 10:52 am

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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