Romney: Let’s Audit the FedSubmitted by schme3 on Mon, 08/20/2012 - 20:19
All of the following is a story from Race42012.com, a relatively objective albeit Romney-leaning analysis of election-related news:
Appearing to take a page from Ron Paul’s book, Mitt Romney is now supporting an audit of the Federal Reserve. The Washington Times reports:
'On Monday, at the town hall, someone asked, “Isn’t it time to audit the Federal Reserve?' and Mr. Romney didn’t hesitate.
This was his reply:
'Very plain and simple, the answer is yes. The Federal Reserve should be accountable. We should see what they’re doing,' Mr. Romney, the presumptive Republican presidential nominee, said at a town hall in New Hampshire."
The article goes on to say:
"Mr. Romney said he doesn’t want Congress to meddle too much in the business of the Federal Reserve, which is the independent agency the government set up to manage the country’s monetary policy. But he said it should be audited as part of a push to know more about the connections between the government and wealthy campaign contributors.
The GOP’s platform committee begins meeting later Monday, and Mr. Paul is seeking to have a Fed audit included as an official position of the party. Gov. Bob McDonnell, the platform committee’s chairman, told The Washington Times last month that he supported accountability at the Fed, and said the committee was looking at a number of Mr. Paul’s ideas
I have always supported the notion that the Fed needed to be audited, but it needed to be done in such a way as to not be a witch-hunt. It’s independence from politics is a vital part of it doing its job. All the same, they need to be accountable to somebody."
I am glad to see Mitt supporting this idea.