Bernanke’s Nightmare: Audit Pushed for Romney’s PlatformSubmitted by LittleWing on Wed, 08/08/2012 - 10:49
Federal Reserve Chairman Ben Bernanke calls it his “nightmare scenario.” One of Mitt Romney’s top economic advisers called it “trouble.” Yet as they look to their national convention starting in Tampa on Aug. 27, Republicans are considering including a plank in their party platform calling for a full audit of the central bank.
Prodded by the failed primary bid of longtime Fed critic Ron Paul -- and the grassroots enthusiasm the Texas congressman’s cause inspired among bail-out weary Tea Party activists and small government advocates -- Republicans are entertaining a prospect that has long made them and some of their financial supporters cringe.
Paul, in an interview, warned that if Romney’s backers resist the effort, it could result in a politically distracting and messy fight in front of the national media. “It’s good economics and it’s good legislation, but it’s also good politics, because 80 percent of the American people agree with it,” Paul said. If Republican leaders “exclude it, I would think some of my supporters would be annoyed and feel strongly enough to take it to the floor under the rules.”
Read this article in full:
** For those with short attention spans that will not read the full article here is 'the bottom line' >>
"Other Romney allies say they expect the platform committee to finesse the issue in a way that satisfies Paul and avoids a public feud without ceding the power to dictate the party’s message to a candidate who didn’t earn enough delegates to contend for the nomination.
“They will find a way that accommodates some of his concerns and recognizes that he worked hard and ran a good campaign that struck a chord with people,” said Steve Duprey, a New Hampshire Republican National Committeeman. “But if you lose, you don’t get to write the platform -- that’s the way this works.”