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The teabag-infused Republican takeover of the U.S. house has produced one big change that is already distressing GOP leaders, dismaying the Tea Party’s corporate funders, and discombobulating the elite bankers at the Federal Reserve. The change is this: Ron Paul.
This 75-year-old, ultra-libertarian from Texas has been in Congress for some 35 years, building a consistent record of contrarian views and votes, some of which are quite progressive. He’s been a vigorous opponent of U.S. military adventurism around the globe, for example. This has infuriated many in his own party, who have long dismissed him as an extremist nut.
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But now, Paul has gone from an irritating pest to holding real power. He’s the new chairman of the subcommittee that oversees the Fed, America’s central bank. He views this secretive, autocratic financial agency as a tool of the Wall Street giants, and he’s even written a book titled End the Fed. Even before taking over the committee, Paul has caused apoplexy among Fed officials and big bankers by saying that he’ll push for a full, annual audit of the agency’s financial dealings with the global elites.
How extremist, huh? Here’s an outfit that furtively funnels trillions of dollars to private profiteers around the world – yet its transactions are not audited or open to public scrutiny. It’s the system that’s kooky, not Paul, and he’s about to shine a bright light into the dark temple of the Fed, exposing an institutional collusion with Wall Street that enriches the few at the expense of the common good.
An unleashed Ron Paul not only scares the bejezus out of the bankers, but also the GOP political establishment, which is thoroughly marinated in Wall Street money. What fun! To keep up with the twists and turns, and to help Paul stand firm, go to www.ronpaul.org.