Ron Paul announces he will take Chair of the Domestic Monetary Policy Subcommittee.

Even though some of the republicans wanted to oppose it Ron Paul has confidence he has this chair position. I can only imagine what kind of trouble he'll cause the fed, especially during this time of secret bailouts. Bernanke will get it good. Paul might actually get some real power and not just ask questions Bernanke doesn't have to answer. Well, we'll see.

IMO this is really good news for Americans. At least it's a first step in the right direction since our government has been stepping in the wrong direction for a while now!

Ron Paul will definitely shake things up at the Federal Reserve. I wish he were President and have for a long time.

I really don't want to get my hopes up too high though because we all know that the final say in whether he gets the job or not rests with the Elite. I think maybe that something will happen or come up where Ron will not get into that position. We can only hope that he does though.

S&F OP....

Double Post!! Slow Connection......

It will make for some interesting questioning by Dr Paul however don't kid yourself there is no real oversight of the Fed and Ron Paul will have no authority to do anything significant to the fed except question and expose thier tactics. The whole oversight committee thing is just appeasement so it looks as if Congress has control over the fed when they don't.

Originally posted by hawkiye
It will make for some interesting questioning by Dr Paul however don't kid yourself there is no real oversight of the Fed and Ron Paul will have no authority to do anything significant to the fed except question and expose thier tactics. The whole oversight committee thing is just appeasement so it looks as if Congress has control over the fed when they don't.

true, he won't have much power, but he will have a little bit more "respect" than if he was just a congressman. It seems like the speaker of the house has way too much power compared to other congressman, and so if he has a chair position that is like playing the political game it will at least make for some interesting talks.