Washington (CNN) - Republican Texas Rep. Ron Paul said U.S. investment in Egypt was a "big mistake," partly because he's "not a believer in foreign aid" in an interview with Wolf Blitzer, anchor of CNN's "The Situation Room" Friday.
Speaking from the Conservative Political Action Conference (CPAC), Paul compared U.S. investment in Egypt's military and economic assistance to the country with "propping up the Shah of Iran."
Speaking on his disdain for foreign aid, Paul continued, "We should do a lot less a lot sooner and not waste all this money because it tends to come back and haunt us."
"I like the founders' advice, be friends with people and trade with people and negotiate and get along with them, but not to get involved in internal affairs and all these treaties and border squabbles…I'd like another option rather than just bombing people or giving them money. I would say friendship and diplomacy is a much better way to go," he said.
Paul affirmed that he didn't believe the support of Egypt was a good investment because "it wasn't well spent…it ended up in chaos, and we don't know who the next dictator is going to be and it helped contribute to our bankruptcy."
And when pressed on whether the perennial presidential candidate will seek the 2012 GOP nomination, the Texas Congressman replied "I haven't made up my mind, and that's a truthful answer, and I'm sort of glad nobody else has made up their mind either."
Of those in the field that have yet to decide, one potential candidate openly doubted the validity of a Ron Paul victory. Paul was able to respond to Donald Trump's blunt criticism that he "didn't have a chance" of winning the election and said "A lot of people said that about my views when I ran for Congress, and I was elected to Congress 11 times."
"They said there's no way you can win the election by basing everything on the Constitution. People aren't interested in that anymore. So winning 11 elections would sort of raise a question on whether or not that was an accurate statement."