Ron Paul to "supervise" the Fed...

[Dimwitted Fool]

Whilst digging through a pile of newspapers sitting in the back seat of my car, I came across an article in last Friday's NY Times Business section.

(Don't have a link since it was the fishwrap, but the author is at norris.blogs.nytimes.com should anyone want to look further into this)

Spencer Bachus is presumed to be the new chair of the House Financial Services Committee. You might remember him as the one spending the past week backtracking from his comment that bank regulation is meant to help the banks, but, I digress...

He has designated Paul to be the chair of the Federal Reserve oversight subcommittee. This will prove interesting, since you might remember Paul wrote a book last year-- "End the Fed." Both he and Bachus seem to consider themselves the reincarnation of Wright Patman, who terrorized Fed chairmen throughout his long career. They both really like the idea of going back to the gold standard, amongst some other harebrained schemes that failed miserably long ago. And they both really, really hate the idea of a central bank.

[Cha]

Oh yeah, it should prove really interesting. Do you think Ben Bernanke can take him on?

[Dimwitted Fool]

(12-19-2010 09:04 PM)Cha Wrote:  Oh yeah, it should prove really interesting. Do you think Ben Bernanke can take him on?

I hope he can. Anyway, dismantling the Fed would not be easy-- the worst they can do is slow it down a bit.

[sandnsea]

Oh My. That is scary. Didn't Dennis Kucinich used to head that subcommittee? Yeah, no reason to fight for Dennis Kucinich to head committees instead of the likes of Ron Paul. lol.

[Born_A_Truman]

And Michele Bachmann is going to be on the intelligence committee.

[SeattleGirl]

(12-19-2010 10:06 PM)Born_A_Truman Wrote:  And Michele Bachmann is going to be on the intelligence committee.

Oh good gawd! She of little intelligence in any way, shape or form is going to be on the intelligence committee? Keee-rist!

[Cha]

(12-19-2010 10:31 PM)Punky Wrote:  

(12-19-2010 10:06 PM)Born_A_Truman Wrote:  And Michele Bachmann is going to be on the intelligence committee.

Oh good gawd! She of little intelligence in any way, shape or form is going to be on the intelligence committee? Keee-rist!

The height of oxymoronic!

[spazito]

(12-19-2010 10:53 PM)Cha Wrote:  The height of oxymoronic!

"oxymoronic", damn, when I stop laughing, I am going to , it's the absolutely perfect word to use in this instance!

[Ikonoklast]

(12-19-2010 10:06 PM)Born_A_Truman Wrote:  And Michele Bachmann is going to be on the intelligence committee.

If I had the money, I would be willing to pay whatever it takes to be able to sit in on the closed-door committee hearings with Bachmann asking totally insane questions of career intelligence analysts.