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Romney supports audit of the Federal Reserve
The Washington Times ^ | August 20, 2012 | Stephen Dinan

Posted on 08/20/2012 12:28:26 PM PDT by RobinMasters

Borrowing Rep. Ron Paul's presidential campaign push, Mitt Romney said Monday he thinks the Federal Reserve should face an audit. "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.

Mr. Paul, the Texas congressman who is still technically in the running for the Republican nomination, though he does not have the delegates to win it at next week's convention, made an audit of the Fed a chief part of his campaign.

Earlier this year, the House passed Mr. Paul's bill to grant the Government Accountability Office the power to conduct such a broad audit, though Senate Democrats have shown no inclination to bring that bill to the floor.

Still, the issue has gained political currency after the Wall Street collapse and after a previous more limited GAO audit found the Fed had used extraordinary powers during in the aftermath of the financial mess.

On Monday, at the town hall, someone asked, "Isn't it time to audit the Federal Reserve?" and Mr. Romney didn't hesitate.

Mr. Romney said he doesn't want Congress to meddle too much in the business of the Federal Reserve, which is the 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.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: auditthefed; fed; federalreserve; romney; ronpaul; thefed

1 posted on 08/20/2012 12:28:32 PM PDT by RobinMasters
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To: RobinMasters

Oh, good. Maybe now the stupid Paulistas will stop mailing me advice on my vote as an Arizona Delegate. Hint: the people of Arizona voted for Mitt Romney in the primary, so that’s who gets my vote.


2 posted on 08/20/2012 12:38:38 PM PDT by DLfromthedesert
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To: RobinMasters

Yum!


3 posted on 08/20/2012 12:54:05 PM PDT by Bitsy
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To: RobinMasters

“Mr. Romney said he doesn’t want Congress to meddle too much in the business of the Federal Reserve, which is the agency the government set up to manage the country’s monetary policy. “

If you think the Fed is bad now, just wait and see what Congress would do with it.


4 posted on 08/20/2012 1:13:53 PM PDT by ari-freedom
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To: DLfromthedesert

:-D


5 posted on 08/20/2012 2:32:09 PM PDT by TEXOKIE (Nobody made a greater mistake than he who did nothing because he could do only a little. EdmondBurke)
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To: RobinMasters
Mr. Romney said he doesn't want Congress to meddle too much in the business of the Federal Reserve, which is the 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.

Interesting.

6 posted on 08/20/2012 6:26:08 PM PDT by arasina (So there.)
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