Ron Paul 2012 revolution in cash crunch
U.S. Representative Ron Paul (R-TX) REUTERS

President Barack Obama’s re-election is not a surprise to retiring Texas Rep. Ron Paul, who said it is because the voting majority is receiving a check.

When asked the question of how Obama won the 2012 election amid a slow economy and high unemployment, Paul gave this answer on Bloomberg TV on Wednesday.

“If you look at the numbers and if you look at the way pure democracy works, pure democracy is dangerous,” said Paul, a former GOP presidential candidate. “The majority dictates against the minority. So, right now the majority are receiving a check. So when you get a vote, that is why people were sort of surprised with these conditions that this president can get reelected. That is a bad sign in that there are more on the receiving end. People do not want anything cut. They want all the bailouts to come. They want the Fed to keep printing money.”

Paul, who champions the Libertarian view of more individual freedom and less government intervention, was somewhat echoing the “47 percent” comment by Republican presidential nominee Mitt Romney at a May fundraiser this year. Romney told wealthy donors that almost half of Americans felt they are “victims” and are dependent on the government. He also said these are the Obama supporters, who felt entitled to housing, food and healthcare.

It took a while, but Romney did apologize for the remarks, saying he was “completely wrong.”

Already Over The Fiscal Cliff

The Texas Republican also spoke to Bloomberg about a possible compromise between Obama and Congress on the national deficit, saying America is already over the fiscal cliff and it is now a matter of choosing how to land.

“We’re so far gone,” Paul said. “We’re over the cliff. We cannot get enough people in Congress in the next 5-10 years who will do the wise things. We have to prepare for having already fallen off the fiscal cliff.”

Paul, who did not endorse Romney, thinks a compromise should be on agreeing on what to cut instead of agreeing on what to protect.