Romney and GOP Strike Deal With Ron Paul Loyalists Before Convention

[highplainsdem]

Source: NPR

GOP officials and the Mitt Romney campaign have cut a deal with Texas Rep. Ron Paul's campaign to allow some — though not all — of Paul's delegates from Louisiana and Massachusetts to be seated at the Republican National Convention. The status of Maine's delegates remained unsettled.

The compromise would appear to avert a potential public clash with Paul supporters during the convention's opening day on Monday.

Among Republican delegates descending on Tampa for the GOP presidential convention will be scores of Paul loyalists, who had been uncertain about the degree to which their party and presumptive nominee Romney would allow them to participate.

The key looks to be in part the GOP's embrace of Paul's call for an audit of the Federal Reserve, a move hailed by his son, Kentucky Sen. Rand Paul, as "great news" and "long overdue." (Romney on Monday endorsed the concept during an appearance in New Hampshire; the party on Tuesday included it in its proposed party platform.)

-snip-

Read more: http://www.npr.org/blogs/itsallpolitics/2012/08/22/159594780/romney-and-gop-strike-deal-with-ron-paul-loyalists-before-convention

[Scuba]

1. Food fight !!!

[jsr]

2. They're all Republicans

[pampango]

3. "Paul's call for an audit of the Federal Reserve" - Texas and Iowa GOP already on board with this.

Texas GOP party platform:

Federal Reserve System – We believe Congress should repeal the Federal Reserve Act of 1913. In the interim, we call for a complete audit of the Federal Reserve System and an immediate report to the American people.

http://s3.amazonaws.com/texasgop_pre/assets/original/2012Platform_Final.pdf

Iowa GOP party platform:

Eliminate the Federal Reserve Act and implement a “sound commodity-backed currency” with a gold or silver standard.

http://www.democraticunderground.com/1002739364

[JDPriestly]

4. The Democrats need to think about backing this idea too.

I do not agree with gold and silver as a backing for the dollar.

That would just mean that a lot of these Ron Paul backers could cash in on the gold and silver they have been buying -- to the detriment of people who have trusted in the dollar. And gold and silver were ended as backing for our currency because that system did not work well. It permitted third countries like the oil-rich countries to take too much control over our money supply. Countries who could basically hold our country hostage for their oil since we could be forced to pay in gold rather than negotiable dollars. Some of the oil-rich countries do not produce much food, but they could raise the price of oil to incredible amounts and leverage the world economy that way. That was the threat in the 1970s.

Auditing the Fed and thus the banking system would be a great idea. It might make Americans a lot more realistic about how they are being bilked by clever accountants in high places.