CNBC: Ron Paul Is About to Totally Revolutionize the House Monetary Policy PanelSubmitted by BleuCream013 on Thu, 11/04/2010 - 18:56
By John Carney | Senior Editor, CNBC.com
Nov 4, 2010
Odds are you haven’t heard of the monetary policy subcommittee. Officially known as the House Subcommittee for Domestic Monetary Policy and Technology, it’s a subdivision of the House Financial Services Committee that has mostly occupied itself with pressing questions of issuing commemorative coins and whether or not to eliminate the penny.
That’s about to change. Ron Paul, the Republican Congressman from Texas, is the ranking member of the monetary policy subcommittee, and when the next Congress takes over he’ll likely be the chairman of the subcommittee.
And Congressman Paul has some big plans.
Like TOTALLY, man!
Dear Bernake and the FED.Reserve, Ron Paul and the R3VOLution WILL BE COMING AFTER YOU!!!
** UPDATE: Courtesy of our friend Gil:
"Stockman on Bloomberg TV"
Bloomberg's original link:
At 00:20sec Mark:
"Well, I think there is ONE small GOOD thing that happened. Ah, Ron Paul is gonna be Chairman of the Subcommittee that has jurisdiction over the FED!"
** UPDATE 2: Sun, 11/07/2010 - 03:18.
It remains to be seen what kind of shenanigans the GOP Establishment may pull against Dr. Ron Paul's slated chairmanship, along with a REAL AUDIT of the FED, come Jan 2011.
If you guys recall during the HR1207 Hearings, there was one Rep. Ed Royce (R-CA, http://en.wikipedia.org/wiki/Ed_Royce), whom apparently read up on the Austrian School, at least SOUNDED like he did.
Well, Rep. Ed Royce and Rep. Spencer Bachus (R-AL, http://www.youtube.com/watch?v=5dYvItYB8So) are apparently bout-ing over the committee Chair position.
THIS seems PRETTY SIGNIFICANT, as the debate over whether Bachus or Royce will be selected, WILL affect IF Dr.Paul WILL get the SubCommittee Chairmanship AND IF SO, just how far he will be able to RE-takeup the HR1207 AUDIT the FED measure, in FULL.
Unfortunately for Royce, like 99% of the CONgress, he leaves much to be desired on his willing acquiescence to AIPAC's meddling, and equally succumbing to, and complying with the neoCON PROPAGANDA:
Then again, there are ONLY TWO PAULS in Congress; suppose, that's to be expected.
Reason Mag is certainly pretty clear WHERE they stand on Spencer Bachus:
Here is the WSJ on Bachus:
There seem to SOME questions as to WHICH of the two, Dr. Ron Paul will actually support.
The Hill article states that ALL SIX Subcommittee ranking members actually SIGNED a letter in support of Rep. Spencer Bachus(R-AL), including Dr. Ron Paul:
"All six of the panel's subcommittee ranking members endorsed Bachus to lead the committee, portraying him as a strong leader and "invaluable in helping Republicans win the majority," in a letter to soon-to-be Speaker John Boehner (Ohio) and presumptive House Majority Whip Eric Cantor (Va.) obtained by The Hill."
"The letter was signed from Reps. Randy Neugebauer (Texas); and subcommittee ranking members Scott Garrett (N.J.)Capital Markets, Insurance and Government-Sponsored Enterprises; Jeb Hensarling, (Texas) Financial Institutions and Consumer Credit; Shelley Moore Capito (W.Va.) Housing and Community Opportunity; Ron Paul (Texas) Domestic Monetary Policy and Technology; Gary Miller, International Monetary Policy and Trade and Judy Biggert, (Ill.), Oversight and Investigations."
Other "news" outlets report that they've ONLY CIRCULATED the support letter, LESS firm on whether it has actually been SIGNED:
"The six ranking Republicans on the panel today have agreed to sign a letter circulated by Representative Randy Neugebauer of Texas, the second-ranking Republican on the committee, the aides said."
"The letter has been circulated to the top members of each of the panel’s six subcommittees: Judy Biggert of Illinois, Shelley Moore Capito of West Virginia, Jeb Hensarling of Texas, Scott Garrett of New Jersey, Gary Miller of California and Ron Paul of Texas.
Biggert and Capito have said they will join Neugebauer in signing the letter, their spokespeople Zachary Cikanek and Jamie Corley said today. Garrett also will sign, aides said. Spokesmen for Hensarling, Paul and Miller didn’t immediately respond to requests for comment."
At this point, it's all just a waiting game...