Fireworks? Ron Paul Gets Gavel for Fed Panel

The Wall Street Journal ^ | 12/09/2010 | Danny Yadron

[speciallybland]

Rep. Ron Paul, the Texas Republican who has passionately called for dismantling the Federal Reserve, will be running the panel that oversees the central bank when Republicans take the House majority next year.

Mr. Paul has introduced legislation to abolish the Fed, wrote the book, “End the Fed,” and rallied support for eliminating it.

Rep. Spencer Bachus (R., Ala.), who will take over the House Financial Services Committee from Rep. Barney Frank (D., Mass.), announced today that Mr. Paul, a libertarian who won a fervent following when he ran for president in 2008, will head the Domestic Monetary Policy Subcommittee. The 11-term lawmaker was in line for the post, but there had been some talk that GOP leadership might pick someone else.

[US Navy Vet]

:-)!

[driftdiver]

This could get interesting

[marron]

He gets his chance. Lets see what he does with it.

I’m not a fan of his, but I’m rooting for him on this one.

[glorgau]

Good thing I haven’t yet taken the Ron Paul bumper sticker off my car!

[ken5050]

And it’ll be on C-span...

[ari-freedom]

Great, so instead of being able to make a convincing case for ending the dual mandate of the Fed, we’ll have a krazy kook in charge.

[apoxonu]

I like this simply because Bernanke doesn’t. If Paul can get a full audit, perhaps we can finally make the banksters flush that bad debt out and enter receivership so we can finally grow this economy.

[MichaelP]

This isn't going to help our cause in any way. It will just be ammunition for the MSM and the RATS... Don't we have anyone in the GOP who can handle a gun without shooting themselves in the foot?

Mike

[WKUHilltopper]

This could get good...

[KarlInOhio]

Better a krazy kook rather than a bankster puppet.

[DannyTN]

I'm hoping Ron Paul gets an education in banking and economics. I hope he doesn't go up there and undermine consumer confidence with uneducated and irresponsible statements.

People like Ron Paul is why Congress made the policy decisions of the FED unauditable in the first place.

[Reagan Man]

[gov_bean_ counter]

Ron Paul + Gavel = Recipe for self inflicted brain damage

[TSgt]

People like Ron Paul is why Congress made the policy decisions of the FED unauditable in the first place.

Wow, you sound like a liberal elitist, you sure you're on the right forum?

[Red Badger]

You must have an old car!................

[Red Badger]

I'm hoping Ron Paul gets an education in banking and economics. I hope he doesn't go up there and undermine consumer confidence with uneducated and irresponsible statements.

You mean like Bawney Frank and Chris Dodd?...............

[November 2010]

Good. Audit the Fed.

[Chunga85]

Better a krazy kook rather than a bankster puppet.

Clamp an ankle bracelet on the Bernank now.

[kaizen]

Actually it was made unauditable in the first place to keep us in the dark about the screwing they are putting to us and has nothing to do with flakes. If we don’t know what they are doing we can’t get upset and stop it. We got screwed in 1933 when they took us off the gold standard and the bankers have been gambling with the US credit ever since. Check out a new book called “The Only Answer to Tyranny” by Dr. Coldwell and Dr. Kennedy. Filled with a lot of information most of us are unaware of. We need to get informed and pull our collective US heads out of the sand in order to restore this great economy. Check it out.