Monday, August 20, 2012

Romney Calls for Fed Audit as Party Mulls Platform Plank - Bloomberg

Romney Calls for Fed Audit as Party Mulls Platform Plank - Bloomberg - Lisa Lerer and Julie Hirschfeld Davis:

August 20, 2012 - "'The Federal Reserve should be accountable,' Romney told thousands of voters at a campaign rally today in Goffstown, New Hampshire. 'We should see what they’re doing.'

"Under pressure from anti-tax Tea Party activists and other small government advocates, Republicans are considering including a plank in their platform calling for a full audit of the central bank -- a prospect that concerns many party leaders and their financial supporters. Romney’s remarks could put pressure on the Republican Platform Committee -- which is currently meeting in Tampa, the convention site -- to adopt the proposal.

"On the platform committee’s website, proposals to audit the Federal Reserve are among the most popular. Representative Ron Paul of Texas, a longtime Fed critic who made opposition to it a major theme of his failed bid for the Republican presidential nomination, has said that if Romney’s backers resist the effort, it could result in a political battle at the convention.

"Romney has chosen his words on the issue carefully, stopping short of siding with Paul even as he seeks support from him and his supporters."

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