Monthly Archives: October 2012
Politics Obama, Romney And The Federal Reserve
The Federal Reserve is a hot-button issue for some members of Congress, for instance the former presidential candidate Rep. Ron Paul from Texas. Though Paul’s supporters were no doubt disappointed that he failed to win the nod from the GOP, his antipathy for the central bank did get some recognition with a spot in the Republican platform.
From the platform:
(The) Republican Party will work to advance substantive legislation that brings transparency and accountability to the Federal Reserve, the Federal Open Market Committee and the Fed’s dealings with foreign central banks. The first step to increasing transparency and accountability is through an annual audit of the Federal Reserve’s activities.
Though it sounds vaguely Ron-Paulian, Mitt Romney, Republican presidential nominee and former Massachusetts governor, has not advocated or endorsed the Audit the Fed bill approved by the House in July.
The bill does offer some specific ideas about where in the central bank to shine some light. Those include discount window and open market operations, agreements with foreign governments and central banks, and Federal Open Market Committee directives.
The discount window is the Federal Reserve’s emergency lending operation for banks. When solvent banks can’t find short-term financing through other means, they can go to the Fed as the lender of last resort. Banks that borrow through the discount window are not publically identified. The term “open market operations” refers to programs in which the central bank buys securities in the open market.
“The Fed, just like any bank, is always audited to the extent of basic operations to make sure there’s no malfeasance,” says David Stasavage, a professor of politics at New York University. “But, what they’ve pushed on more — and I think this is more of a hot-button issue — is the extent to which Federal Reserve deliberations or records of deliberations should be subject to greater scrutiny.”
As it currently stands, the regular monetary policy meetings of the Federal Open Market Committee, or FOMC, are strictly closed-door affairs. Three weeks after the meeting, a paraphrasing of the minutes is released. After five years, a lightly edited verbatim transcript is released.
While Romney has publically thrown his support behind the idea of auditing the Fed, his campaign has not offered many details beyond that.
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Obama, Romney and Federal Reserve independence
New York, NY (PRWEB) October 17, 2012
Presidential elections are here, and North Americas gold coin superstore, Gold Coin is urging Americans to steer clear of Democratic and Republican parties, encouraging voting for Ron Paul via write in ballot. The reason? Because neither Democratic nor Republican parties have made significant changes to improve the stale US economy.
Arthur McGuire, Vice President of Gold Coin says Its clear that Democratic and Republican parties have not shown fiscal responsibility. Democrats and Republicans have stood by while investment bankers infiltrated every area of government. Its time for real change. We encourage Americans to vote for Ron Paul via write-in ballot, because he is one of the few leaders with a clear vision for a stronger America. He opposes the Federal Reserve, which is currently printing over 40 billion dollars every month to pay for bad bonds and securities. Americans will have a very big price to pay unless we start making changes as of now.
Ron Paul has served America as the U.S. Representative of Texass 14th congressional district since 1997. He has run for President of the United States three times, once as a Libertarian in 1988 and twice as a Republican in 2008 and 2012. He is an outspoken critic of several American policies including the War on Drugs and the Federal Reserve.
Gold Coin is North America’s gold coin superstore. They buy and sell all types of gold, silver, and platinum coins with free delivery directly to your door. For more information or a free “Gold Coin Starter Kit”, visit http://www.GoldCoin.net or call 1-800-425-5672 today.
Ron Paul Speaks His Mind On The Fed, Fiscal Cliff, And Romney – CNBC’s Futures Rundown 10/11/2012 – Video
11-10-2012 14:16 Click to Tweet: Congressman and former Presidential candidate Ron Paul (R-TX) discusses the Fed, the fiscal cliff, and his feelings about the Presidential candidates, with CNBC’s Jackie DeAngelis and the Futures Now Traders. October 11, 2012 My Channel: Fair Use Disclaimer: This video may contain copyrighted material. This material is made available for educational, research, and news reporting purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 USC section 107 of the US Copyright Law which allows citizens to reproduce, distribute or exhibit portions of copyright motion pictures, video tapes, or video disks under certain circumstances without authorization of the copyright holder.
OREM — Republican congressman and three-time presidential candidate Ron Paul will speak Thursday afternoon at Utah Valley University.
According to UVU spokesman Mike Rigert, Paul will speak at the school’s UCCU center at 1:30 p.m. as a guest of the Young Presidents Organization. The visit will mark Paul’s first visit to Utah since a presidential campaign stop in September 2007. The event is not sponsored by UVU.
Rigert had limited information about the event, but did mention that it was making the rounds on various social networks.
Monday afternoon, Provo resident Jon Ogden confirmed that he found out about the event on Google+. Unlike some other likely attendees, Ogden doesn’t describe himself as a libertarian. However, Ogden explained that he still appreciates Paul’s serious consideration of issues that other politicians — including both major party presidential candidates — tend to ignore.
“He’s not pandering when he says he’s going to cut a trillion from the budget,” Ogden said.
Ogden didn’t know what specific topics Paul will cover, but mentioned that the Federal Reserve, government spending, ending wars and drug laws are all common themes in Paul’s work.
Brigham Young University student Ryan Johns also said Monday that he plans to attend the event. Johns serves as the president of the BYU Liberty Club and said in 2007 Paul helped transform him from a typical apathetic teenager to a more engaged adult.
“When I heard his message it got me really excited, really interested,” Johns recalled.
Johns added that Paul’s agenda includes energizing youth and focuses on the Constitution. As a club president, Johns also has been in contact with the event organizers and said as many as 2,000 people may be at the speech.
Representatives from the Young Presidents Organization could not immediately be reached Monday afternoon.
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Ron Paul to speak Thursday at UVU
15-10-2012 13:59 -Please like, share, subscribe & comment! Facebook Backup YouTube channel: Email updates: 10 Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-America foreign policy. To spread the message, visit and promote the following websites: (grassroots website) http (Ron Paul in Congress) (discussion forum) Disclaimer This video is not-for-profit clip that is uploaded for the purpose of education, teaching, and research, which falls under fair use according to the Copyright Act of 1976 and tips the balance in favor of fair use; all intellectual content within the video remains property of its respective owners.
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Ron Paul: 22.8% Real Unemployment! – Video
U.S. Rep. Ron Paul has endorsed GOP congressional candidate Ted Yoho.
“I endorse Ted Yoho for Florida’s 3rd District. His commitment to the Constitution and individual liberties is exactly what we need more of in the House,” Paul said in a release.
Yoho, who defeated 12-term incumbent Cliff Stearns, is running for a seat that runs from the Gulf of Mexico to Clay County. He is facing Democrat JR Gaillot, a Clay County political consultant.
Here is the full release:
Leader of the liberty movement, Congressman Ron Paul of Texas has endorsed Dr. Ted Yoho, Republican nominee for North Central Floridas 3rd Congressional District. Ted Yoho is one of 11 House candidates across the United States to be endorsed by Ron Paul.
I endorse Ted Yoho for Floridas 3rd District. His commitment to the Constitution and individual liberties is exactly what we need more of in the House, said Congressman Paul.
Yoho thanked Dr. Paul for his support.
Im incredibly humbled that the leader of the modern liberty movement and strong conservative leader Congressman Ron Paul is backing our campaign. I admire Congressman Paul for his relentless pursuit of conservative values, his passion for our Constitution and our great Republic. Yoho said. I hope that I can continue to champion Dr. Pauls efforts to audit the Fed, protect States rights and getting our Nation back on track.
Dr. Yoho is a conservative business man and large animal veterinarian who has lived in north central Florida for the last 35 years. The seat Dr. Yoho is seeking is the newly created Congressional District 3 which encompasses the following counties: Alachua, Gilchrist, Levy, Dixie, Lafayette, Suwannee, Columbia, Bradford, Union, Hamilton, Clay, the eastern portion of Madison and the north western portion of Marion County.
For more information about Dr. Yoho, please visit http://www.tedyoho.com
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Ron Paul backs Ted Yoho
Speaking on the CNBC web show “Futures Now,” Texas Rep. Ron Paul, a failed presidential candidate for the Republican Party, pointedly refused to endorse Mitt Romney, apparently seeing little difference between him and President Barack Obama.
Why the non-endorsement of Romney by Paul
Paul’s disdain for Romney stems from his belief that the Republican presidential candidate will not make the cuts in federal spending that Paul believes must be made in order to stave off fiscal collapse, according to CNBC. In this Paul sees little difference between Romney and Obama. Paul also believes that Romney’s and Obama’s foreign and monetary policies are pretty much the same.
Paul inveighs against federal spending
Paul, in keeping with his decades long campaign against federal spending, recently wrote a blog post in which he mused on the number of people who are dependent on the federal government. He included not just people on welfare, but also seniors who collect social security and Medicare. While Romney suggested that 47 percent of the American people are dependent on government, Paul pegs the figure at 53 percent. Paul also attacked corporate welfare, which as he sees it has made private business more and more dependent on government.
Paul won’t support Gary Johnson either
Thus far Paul has been rather coy about who if anyone he might support for president. In an Oct. 3 interview on Fox Business News, Paul suggested that he might support Gary Johnson, the Libertarian Party candidate for president, according to Buzzfeed. However, in a Sept. 4 interview in the Daily Caller, Paul specifically refused to endorse Johnson either, even though the libertarian candidate is actively campaigning for the support of disaffected Paul voters.
The Rand Paul problem
Paul may be restrained from endorsing a third party candidate or even going third party himself because of his son, Kentucky Sen. Rand Paul. The younger Paul, who supported his father’s run for the presidency during the primary campaign, officially endorsed Romney as soon as it was obvious that the older Paul could not win the Republican nomination, according to the Washington Post. This has placed the older Paul in an awkward position. On the one hand, many of Paul’s followers condemned his son’s endorsement of Romney as a betrayal. On the other hand, while the younger Paul intends to work within the Republican Party, any move by Ron Paul that would jeopardize Romney’s chances at the presidency would essentially end Sen. Paul’s political future.
Texas resident Mark Whittington writes about state issues for the Yahoo! Contributor Network.
By PAUL J. WEBER Associated Press
LEAGUE CITY, Texas (AP) – 1 of the few competitive Election Day races in Texas is a seat that hasn’t been up for grabs in more than a decade: Ron Paul’s congressional district.
The former presidential candidate is retiring from Congress after more than 20 years. Most of that was spent representing in the 14th Congressional District, where Republican Randy Weber and Democrat Nick Lampson are vying to become Paul’s successor.
Weber is a state lawmaker who burnished a reputation as 1 of the most conservative members in the Texas Legislature. Lampson is trying to return to Congress, and is running as a moderate in a redrawn district that is no longer as firmly Republican.
Paul seldom worried about losing. He was re-elected with at least 60% of the vote his last six tries.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Ron Paul's district becomes an Election Day fight