Friday, July 3, 2009

"Ron Paul Strikes Gold"

From the Associated Press:
He has rallied the majority of the House to support his new cause: an audit of the Federal Reserve. Legislators are sick of not knowing what's going on inside Bernanke's fortress, especially as the Fed becomes further enmeshed in the nation's fiscal policy. Paul's little bill has become emblematic of a larger movement, one that could spell trouble for Obama's troubled regulatory plan. Ron Paul—always an enemy of regulation—is now an enemy of Obama. And a mighty powerful one at that.
Read the rest here.


Christopher said...

It will spell problems for Obama's stimulus regime, you mean. That is, if Obama is using FED funds to fund the stimulus. As for regulation, that is not going away any time soon.

Josh said...

I think the point is that because of the anti-fed sentiment Paul has encouraged, it'll make it hard for Obama to give the Fed more regulatory powers. I'm sure he'll try anyway, and if its not the Fed it'll be another government agency. So yes, regulation is not going away anytime soon.