Republicans Move to Block Ron Paul from Monetary Policy Subcommittee Chair
Friday, December 3, 2010
Ron Paul will not head up the House’s monetary policy subcommittee if John Boehner has anything to say about it.
“Five GOP leadership aides, speaking anonymously because a decision isn’t final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman or to keep him on a tight leash if he does,” reports Bloomberg. “If Boehner, who will help determine who gets to chair subcommittees as early as Dec. 8, rejects Paul, he may have to contend with thousands of grassroots supporters and dozens of younger lawmakers who see Paul as a hero.”
Boehner and the establishment Republicans rode to victory last month on the shoulders of the Tea Party movement. Prior to the election, Tea Party activists in Maine, Colorado, and Utah focused on abolishing the Federal Reserve.
Some predicted that if Republicans were to sweep the House they would become much more confrontational with the Federal Reserve. “The popularity of Tea Party candidates in U.S. elections could spell renewed efforts to curtail the power and independence of the Federal Reserve, which has been cast as an emblem of big government overreach,” Reuters reported in late October.