Republicans Move to Block Ron Paul from Monetary Policy Subcommittee Chair
Republicans Move to Block Ron Paul from Monetary Policy Subcommittee Chair onepixel Republicans Move to Block Ron Paul from Monetary Policy Subcommittee Chair paulbon “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 or to keep him on a tight leash if he does,” reports Bloomberg.
“If Boehner, who will help determine who gets to chair subcommittees as early as Dec. 8, rejects Paul, he may have to contend with thousands of grassroots supporters and dozens of younger lawmakers who see Paul as a hero.”Boehner and the establishment Republicans rode to victory last month on the shoulders of the Tea Party movement. Prior to the election, Tea Party activists in Maine, Colorado, and Utah focused on abolishing the Federal Reserve.
Some predicted that if Republicans were to sweep the House they would become much more confrontational with the Federal Reserve.
“The popularity of Tea Party candidates in U.S. elections could spell renewed efforts to curtail the power and independence of the Federal Reserve, which has been cast as an emblem of big government overreach,” Reuters reported in late October.
Many establishment Republicans agree with senator Lindsey Graham of South Carolina who insists the Tea Party and its vision of less government has no long-term vision or prospects for political viability.Instead of dismantling the Federal Reserve, establishment Republicans have called for reforming the private bankster cartel masquerading as a government agency supposedly answerable to the American people.
On Tuesday, Sen. Bob Corker, R-Tenn. and Rep. Mike Pence, R-Ind. called for Congress to change the Fed’s “dual mandate” now requiring it to promote both price stability and full employment and instead focus on keeping inflation low and not worrying about reducing unemployment.“It is time that we work to clarify the mandate of the Federal Reserve,” said Corker, a member of the Senate Finance Committee, in a statement announcing his support for the change. “Providing our central bank with a clear and explicit focus on keeping inflation low will serve America better than the broader mandate approach we have today,” the National Journal reports.
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