Calling Texas Congressman and former presidential contender Ron Paul, the GOP's "crazy uncle", Little Green Footballs blog is reporting that his "Audit the Fed" legislation is getting some significant support.
He may have faded from the national political scene a year ago, after his dark-horse presidential run came to naught, but Rep. Ron Paul ’s influence is still being felt in campaigns and policy debates across the country. Indeed, the latest legislative priority of the libertarian Texas Republican — auditing the Federal Reserve — has gained support in unlikely quarters.
Paul’s legislation, popularly known as the “Audit the Fed” bill, has drawn 244 cosponsors, ranging from Ohio’s John A. Boehner , the conservative Republican floor leader, to Michigan’s John Conyers Jr. , the liberal Democratic chairman of the Judiciary Committee. Some Democrats have even picked up on Paul’s rhetoric. “It’s time to yank the shroud off the Fed and shine some light on these events,” New York Democrat Edolphus Towns , chairman of the Oversight and Government Reform Committee, said at a hearing last week about the shotgun marriage between Bank of America and Merrill Lynch last fall to stave off the latter’s collapse.
The comments at LGF are chock full of hate for Paul and his bill. Granted, Paul can be easily derided for many of his views, but for a so-called 'conservative' blog to not even acknowledge the benefits of bringing some accountability to the Fed is insanity.
I've always been under the impression that conservatives, based on principle, should be at least leery of any centralized institution that holds a great amount of power.
Posted by: Ahh a Lion! | June 30, 2009 at 11:37 AM
Jim Bunning and Ron Paul are the only two in DC who have questioned The Fed! Senator Bunning knows what a joke ole TImmy is... And has stood strong for the people of Kentucky.
Posted by: TruthisTreason | June 30, 2009 at 09:15 PM