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Sen. Rand Paul, Kentucky Republican, speaks at a Victory Ice Cream Social at Horry County GOP headquarters on Sept. 30, 2014. Paul is on a statewide tour to promote Republican candidates. (Associated Press/The Sun News, Charles Slate) **FILE** more >

Sen. Rand Paul, Kentucky Republican, said Thursday that middle- and working-class families suffering a failing economy under President Obama should give the GOP another chance in charge.

The constituencies that voted for him arent doing very well, Mr. Paul said in an interview with St. Louis Public Radio. If you are unemployed or underemployed, maybe you need to look to other people and new policies. Maybe you people need to give Republicans another chance if you want to improve the lot of people who are suffering.

Mr. Paul said the presidents policies have left lower-income families in a squeeze, with low interest rates producing little gain from savings, pushing some investors into the stock market, which suffered a sharp downturn Thursday. Mr. Paul said that downturn could indicate a longer correction that could end up hitting investors hard in the wallet.

The potential 2016 GOP presidential candidate said the best solution to the economic crisis was to promote more free-market capitalism, smaller government and bigger market place. Lower taxes and less regulation, more trade.

Mr. Paul said his decision on running for the White House rests on family considerations and on whether he sees a chance of winning.

I dont want to do it if we dont have a chance, he said.

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Rand Paul: Poor families should 'give Republicans another chance'