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|User Info||Ron Paul Strikes Out; entered at 2011-10-21 20:46:04|
@Genesis, I'm with @Clawback here. Paul has spread the blame around, even to cover his fellow representatives in The House and elsewhere in Government. I actually just saw an interview today where he was saying that it's not entirely The Fed's fault, as The Fed was created by The Congress passing a law (http://www.youtube.com/watch?v=q3SOlXxUB.... It's like 40 minutes long...sorry I don't have an exact time.|
Also, this might just me failing 9th grade civics, but you seem to imply that it's Paul's responsibility to enforce the rule of law in respect to prosecuting the fraud and other criminal actions of the last decade, but isn't it the responsibility of the FBI, Attorney General, and the Judicial branch to enforce the laws? Or does Congress have to get involved in submitting some sort of action? I get that he has a moral obligation, but he hasn't exactly been quiet about it (transcript from a 2003 speech where he calls out Fannie, Freddie, government sponsored enterprises in general, and calls the housing bubble, http://www.lewrockwell.com/paul/paul128.....
The "U.S. House Financial Services Subcommittee on Domestic Monetary Policy and Technology" was only just created in the 111th Congress (last cycle), so time must be allotted to draw real attention to the issues. Since "End the Fed" is too scary for most people, he has been trying to build inroads on the issue by calling for the audits. Most politicians won't do jack unless they believe there will be a return in votes for their work, and this issue won't stir the public sentiment that gets people to vote one way or another until the policies and their effects reach the public consciousness. I've viewed it as a 3 step process:
1) Destroy The Fed's credibility (through an audit, etc). Some might say that they're doing a fine job on their own, but until people understand the effect it has on THEM it won't go anywhere.
2) Seek to make them superfluous. H.R. 2768 (which I haven't heard back from you on :). No rush, it seems you do your best work when given time so I'll wait), pegging the Dollar to commodities again, or making it the treasury's responsibility to issue government bonds again are just a few examples of how this could be accomplished.
3) Through the actions performed in #2 and the political ammunition gained in #1, the task of taking it down should be made that much "easier".
Either way, I'm all for contrarian viewpoints and I respect your opinion greatly so keep it coming. First amendment for the win.