Sunday, December 5, 2010

Ron Paul Has Arrived

Based on seniority, Ron Paul will be the chair of the committee that oversees the Fed. Therefore the press is attacking Ron Paul. A few quotes, with my highlighting, from a recent Business Week smear.

The introduction:
It may have taken 34 years, but Ron Paul has arrived, and he doesn't plan to squander the moment. His agenda includes landing the chairmanship of the House Financial Services Committee panel that oversees monetary policy—a job that will give him the power to push legislation reining in the central bank and to haul Fed governors up to Capitol Hill for hearings.

The mockery has already been made by the financial elite. Exposing their crimes is reasonable and necessary.
The prospect has Wall Street, Fed officials, and even Republican House leaders worried that Paul's agenda could roil the markets and make a mockery of the U.S. financial system.

Officials at several major banks have privately raised concerns with Republican leaders that, by allowing Paul to become a chairman, his radical views would gain legitimacy, according to three bank lobbyists.

Five GOP leadership aides, speaking anonymously because a decision isn't final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman