Wednesday, July 13, 2011

Bernanke and Fed Staff Smile on Discussion that Ron Paul will be Leaving Congress

But for how long?

WSJ reports:
Ron Paul‘s announcement yesterday that he won’t seek re-election in 2012 elicited the expected reaction from Federal Reserve Chairman Ben Bernanke: a big smile.

As today’s House hearing got underway, frequent Fed critic Paul prepared to give his opening statement. But before he could speak, Rep. Barney Frank (D., Mass.) brought up the announcement, saying that despite their disagreements he would miss the Texas Republican.

Paul thanked him for the sentiment and noted some were saying the announcement would likely bring a smile to the Fed chairman’s face. Bernanke obliged, and was clearly trying to maintain a polite grin.

Paul noted that the news also seemed to be bring smiles to the Fed’s staff.
Lew Rockwell hints that Dr. Paul has big plans for when he leaves Congress:
He has been thinking about this for some time, and wants to concentrate on the presidential campaign and future and enhanced educational efforts that will blow your socks off.
If I was Bernanke, I wouldn't be smiling just yet. Somehow, I don't think Dr.Paul is going to stop his efforts to end the Fed. In other words, Bernanke shouldn't feel too comfortable in those Wigwam silk socks he wears.

1 comment:

  1. The President-elect in 2012 will replace Ben-Ber-Bank with Ron Paul as the Chairman of the Federal Reserve. The first executive act Paul will take will be to abolish the Federal Reserve Bank. This is the scenario to which Lew Rockwell refers to as the "...blow your socks off" post-congressman event for Paul.