How Racism Took Ron Paul From $765,000 in Debt, to a $5.2 Million Net Worth

Have you noticed just how the GOP establishment has been rallying around Mitt Romney? They’ve pretty much settled on Mitt being that ugly girl they’re taking to the prom. So seriously, they’re doing all they can to sink the tugboat that is Newt Gingrich. All the while, said establishment hasn’t been paying as much as an ounce of attention to Paul. Umm, he hasn’t actually won a primary has he?

Don’t tell that to Paul, because in his mind, the status quo pretty much treats him like the leader of the Taliban. This tells me that they trul;y are not threatened by Ron Paul, nor do they see him as realistically being the nominee. I mean if they did, surely they would be throwing the following story of him pimping his racist newsletters for profit. But then again, this is the Republican party we’re talking about here. The following is from The Washington Post and it shows how Paul’s strategy behind the provocative newsletters was to make money, and maybe one day become president.

Ron Paul, well known as a physician, congressman and libertarian , has also been a businessman who pursued a marketing strategy that included publishing provocative, racially charged newsletters to make money and spread his ideas, said three people with direct knowledge of Paul’s businesses.

The Republican presidential candidate has denied writing inflammatory passages in the pamphlets from the 1990s and said recently that he did not read them at the time or for years afterward. Numerous colleagues said he does not hold racist views.

But people close to Paul’s operations said he was deeply involved in the company that produced the newsletters, Ron Paul & Associates, and closely monitored its operations, signing off on articles and speaking to staff members virtually every day.

“It was his newsletter, and it was under his name, so he always got to see the final product. . . . He would proof it,’’ said Renae Hathway, a former secretary in Paul’s company and a supporter of the Texas congressman’s.

[…] The company shared offices with his campaigns and foundation at various points, said those familiar with the operation. Public records show Paul’s wife and daughter were officers of the newsletter company and foundation; his daughter also served as his campaign treasurer.

[…] A person involved in Paul’s businesses, who spoke on condition of anonymity to avoid criticizing a former employer, said Paul and his associates decided in the late 1980s to try to increase sales by making the newsletters more provocative. They discussed adding controversial material, including racial statements, to help the business, the person said.

“It was playing on a growing racial tension, economic tension, fear of government,’’ said the person, who supports Paul’s economic policies but is not backing him for president. “I’m not saying Ron believed this stuff. It was good copy. Ron Paul is a shrewd businessman.’’

The articles included racial, anti-Semitic and anti-gay content. They claimed, for example, that the Rev. Martin Luther King Jr. “seduced underage girls and boys’’; they ridiculed black activists by suggesting that New York be named “Zooville” or “Lazyopolis”; and they said the 1992 Los Angeles riots ended “when it came time for the blacks to pick up their welfare checks.’’ The June 1990 edition of the Ron Paul Political Report included the statement: “Homosexuals, not to speak of the rest of society, were far better off when social pressure forced them to hide their activities.”

[…] It is unclear precisely how much money Paul made from his newsletters, but during the years he was publishing them, he reduced his debts and substantially increased his net worth, according to his congressional and presidential disclosure reports.

In 1984, he reported debt of up to $765,000, most of which was gone by 1995, when he reported a net worth of up to $3.3 million. Last year, he reported a net worth of up to $5.2 million.

In 1984, just before losing a Senate bid and leaving Congress, Paul formed Ron Paul & Associates. He soon began publishing the Ron Paul Investment Letter, initially offering mostly economic and monetary information. Texas tax records listed Paul as president of the business; his wife as secretary; his daughter, Lori Paul Pyeatt, as treasurer; and a longtime Paul associate, Lew Rockwell, as vice president.

Ed Crane, the longtime president of the libertarian Cato Institute, said he met Paul for lunch during this period and the two discussed direct-mail solicitations, which Paul was sending out to interest people in his newsletters. They agreed that “people who have extreme views” were more likely than others to respond.

Crane said Paul reported getting his best response when he used a mailing list from the now-defunct newspaper Spotlight, which was widely considered anti-Semitic and racist.

[…] Paul “had to walk a very fine line,’’ said Eric Dondero Rittberg, a former longtime Paul aide who says Paul allowed the controversial material in his newsletter as a way to make money. Dondero Rittberg said he witnessed Paul proofing, editing and signing off on his newsletters in the mid-1990s.

“The real big money came from some of that racially tinged stuff, but he also had to keep his libertarian supporters, and they weren’t at all comfortable with that,’’ he said.

[…] In 1996, as Paul ran for Congress again, his business success turned into a potential political liability when his newsletters surfaced in the Texas news media. Paul was quoted in the Dallas Morning News that year as defending a newsletter line from 1992 that said 95 percent of black men in the District are “semi-criminal or entirely criminal” and that black teenagers can be “unbelievably fleet of foot.”

“If you try to catch someone that has stolen a purse from you, there is no chance to catch them,” the newspaper quoted Paul as saying.

Paul won reelection, then dissolved Ron Paul & Associates in 2001. His nonprofit foundation is still in operation.

I don’t know the net worth of so-called race hustlers like Rev. Al Sharpton the Rev. Jesse Jackson, or even Tim Wise. However, let some tell it, these men are wiping their asses with money all thanks to fighting the racism that Rush Limbaugh once said was imagined. The one thing I know for sure, is that Ron Paul’s newsletters not only contained divisive racist rhetoric, it was also very real. And as explained above, it was so real it was very profitable. Say what you want about the aforementioned Negro agitators; but, they sure as hell didn’t profit from spreading racist ideas like Ron Paul.

Many of you have come to his defense in the comment section on this very site on more than one occasion; and, I suspect that after reading this there will be more. You may say that Paul never wrote those articles, or that he never knew what was contained in them. All very silly in my opinion; but hey, I suppose the Captains of the many slave ships from Africa had no idea what was happening or the fate of their cargo either. That said, like Paul, they too are not guilty.