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December 9, 2010
Ron Paul to Get Chairmanship of the Monetary Subcommitte (but will need permission from Boehner for audit of Fed?)
Topics: Political News and commentariesJust yesterday Mark Calabria alerted readers to the fact that incoming House Speaker John Boehner is likely to become the Fed's new protector ... and at the request of the major banks, Boehner is looking for avenues to either deny Ron Paul that subcommittee chair or to restrict his ability to oversee the Fed. As Calabria points out, Paul is pushing for stronger oversight and a full audit of the Fed, and is likely to bring the dirty secrets of the Fed to light. Calabria suggested in his piece that this will be a real test of Boehner and whether or not the GOP will revert back to their old ways: Does he choose to rein in Ron Paul or rein in the Federal Reserve?
Going by what Congressman Ron Paul told Judge Napolitano last night on FOX Business, the answer to this question is that Boehner intends to rein in Ron Paul ... not the Fed. According to Paul, the incoming-chairman of the House Financial Services Committee, Congressman Spencer Bachus, has verbally notified Paul that he will be named Chairman of the House Subcommittee for Domestic Monetary Policy and Technology ... but it appears that Paul will have to get approval from Boehner to call for an Audit ... pointing to the GOP being in the process of revertingt back to their old ways
Here's the video (ht - Robert Wenzel):
Add Boehner appointment of the 'Prince of Pork' to chair the House appropriations committee ... to Paul being shackled from auditing the Fed ... and one can only conclude that more and more it looks as though voters ... voted Republican for nothing.
Posted by Richard at December 9, 2010 11:44 AM
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- Ron Paul to Get Chairmanship of the Monetary Subcommitte (but will need permission from Boehner for audit of Fed?) - Dec 09, 2010
