Will Mitt Romney Add "Audit The Fed" To The GOP Platform?

By Jared Allebest
Conservative Samizdat

Recently, Rick Santorum has asked conservatives to stand with him in preventing Ron Paul supporters from changing the GOP platform. According to Rand Paul, Mitt Romney has agreed to at least adding one item to the GOP platform:


You know, I try to look for commonalities, areas where we agree and, you know, Governor Romney, I’ve had a meeting with him. We’ve talked extensively about audit the Fed, which is very important not only to me but my father and to his supporters and I think there’s a very good chance we get it in the platform. There has been an announcement in the House that we’re going to get a vote in the House and I’m working with both Republican and Democrat leadership to try to get a vote here, but some of my dad’s supporters don’t realize that if you call people names and call them evil, they’re less likely to allow you to have a vote on something you really want to pass.


GLENN: Hang on just a second. You’re saying that Romney may put audit the Fed into the platform?


PAUL: Well, the Ron Paul supporters are going to be — about 2 or 300 delegates there are going to help him to do that, but he has already said publicly that he’s for audit the Fed. That he has said many times. As far as the specific bill –


GLENN: That’s fantastic.


PAUL: — I would like him to endorse the specific bill but — that my father has introduced that will be voted on, but publicly he’s already stated that he is in support of auditing the Fed.


Personally, this might be the one issue where I would have no objections to adding this issue to the GOP platform. However, I would have major objections if Ron Paul or his supporters try to add anything else on the GOP platform such as their positions on war, drugs, abortion and marriage.


Auditing the Federal Reserve is an issue that Ron Paul and his supporters are very passionate about. Mitt Romney's position on this issue is that he has repeatedly said that the Fed does get independently audited by various government agencies. He also doesn't support abolishing the Federal Reserve because he would rather have an organization that is accountable to someone rather than having our currency managed by the politicians in Congress who are accountable to no one:


BLITZER: Governor Romney, is there anything you disagree with -- with -- with Governor Perry on that point?


ROMNEY: Well, my own view is that, quite simply, that the Federal Reserve has a responsibility to preserve the value of our currency, to have a strong American currency, such that investors and people who are thinking about bringing enterprises to this country have confidence in the future of America and in our currency. People will not invest in this country and create jobs in this country for the American people if they don't have belief in our currency.


Of course we should see what the Fed is doing. There should be some oversight to make sure that it's -- it's acting properly.


But at the same time, we recognize that we need to have a Fed. Why -- why do I say that? Because if we don't have a Fed, who's going to run the currency? Congress? I'm not in favor of that. I'd rather have an agency that is being overseen rather than have the United States Congress try and manage our currency.


In doing my research (that includes watching a bunch of YouTube videos of Ron Paul supporters asking Mitt about his position on this issue), I have found that Mitt Romney has been consistent in his position on not abolishing the Federal Reserve and has given the same explanation every time in that he'd rather have the Federal Reserve be an independent agency rather than have our currency be managed by politicians.


Many Ron Paul supporters have criticized him for not being aggressively critical of Ben Bernanke's leadership. However, Mitt Romney has said that he wouldn't keep him in office and given that Bernanke's term as chairman expires in January 2014, whoever wins the 2012 election gets to choose who the Chairman will be. And if Mitt does win in 2012, we have some idea who the new chairman might be:


Asked in October who he would pick, Romney said he had made no decision, but then suggested his top two economic advisers - Glenn Hubbard, dean of Columbia University's business school, and Harvard professor Greg Mankiw - would be good candidates.


2012 is an extremely important election and it is imperative that Mitt Romney wins. Who ever wins in 2012 will get to pick at least three Supreme Court Justices, a new Federal Reserve Chairman, and determine the health of our economy. As a result, we must unite and make sure Mitt Romney is the next President of the United States.

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