by Bob Bauman: The
War on Your Financial Privacy Continues
man faces destiny, destiny ends and man comes into his own.”
were uttered by the late André Malraux, French adventurer,
award-winning author, and statesman, but they certainly apply now
to my friend and former congressional colleague, U.S. Rep. Ron Paul
If proof were
needed of that truth, one need only glance at today’s New
York Times front
the cynical headline “Rep. Ron Paul, G.O.P. Loner, Comes In
From Cold” is a lengthy article that chronicles Ron’s
ascension in the new Congress to the chairmanship of the House Subcommittee
on Domestic Monetary Policy which oversees the Federal Reserve as
well as the currency and the valuation of the dollar.
of blocking him from a leadership position, Rep. Paul’s fellow
Republicans have elevated him to what could become a highly visible
platform for exposing Ben Bernanke and the Fed’s squandering
of trillions of declining paper dollars. They did so, despite the
reported opposition of a number of Wall Street bankers who apparently
fear Paul – as well they should.
Ron Paul has
strong views on the issues. He has written a book called End
the Fed; he embraces the Austrian school of economic thought,
which holds that the government has no role in regulating the economy;
and he advocates a return to the gold standard.
good to me!
Times, the declining mouthpiece of the American Left, would
give such prominence to one whose presidential candidacy they routinely
have vilified, is at least an acknowledgement of the power of Paul’s
influence – as well as the national groundswell that is the
Tea Party Revolution.
Many of the
new Republicans in the next Congress campaigned on precisely the
issues that Ron Paul has been talking about for 40 years: forbidding
Congress from any action not explicitly authorized in the U.S. Constitution,
eliminating entire federal departments as unconstitutional and checking
the power of the Fed.
In 1973, when
I was first elected to the U.S. House, my late colleague and good
friend, John Ashbrook of Ohio told me: “Bob, 99% of the time
in the House you can’t go wrong by voting no.u201D
20 years in Congress, Ron has staked out the lonely end of 434-to-1
votes against legislation that he considers unconstitutional, even
on issues as ceremonial as granting Mother Teresa a Congressional
Gold Medal. His colleagues have dubbed
him “Dr. No,” but his wife insists that they have
the spelling wrong: he is really Dr. Know.
Rep. Paul wasted
no time in assuming his new role in the House. In a statement on
his web site he made plain his future plans:
the announcement that I will chair the congressional subcommittee
that oversees the Federal
Reserve, the media response has been overwhelming. The groundswell
of opposition to Fed actions among ordinary citizens is…in
the tremendous interest shown by the financial press. The demand
for transparency is growing whether the political and financial
establishment likes it or not. The Fed is losing its vaunted status
as an institution that is somehow above politics and public scrutiny.
Fed transparency will be the cornerstone of my efforts as Subcommittee
By the way,
if you had been a member of the Freedom
Alliance, which I chair, you would have had full audio access
to an interview I did last month with Ron Paul. Ron had many interesting
things to say about numerous topics and was very candid in revealing
he may well run for president again in 2012.
notes: “Aides, supporters and television interviewers now use
words like ‘vindicated’ to describe him – a term
Mr. Paul, a 75-year-old obstetrician with the manner of a country
doctor, brushes off.
think it’s very personal,” he said in an interview in
his office on the Hill, where he has represented the 14th District
of Texas on and off since 1976. “People are really worried
about what’s happening, so they’re searching, and I think
they see that we’ve been offering answers.”
The right answers,
I might add.
with permission from the Sovereign
E. Bauman is a former Member of the United States House of Representatives
from Maryland, (1973–1981). He is also a former federal official
and state legislator; Member, Washington, DC Bar; Graduate of the
Georgetown University Law Center (1964) and the School of Foreign
Service (1959), Washington, DC. Robert currently serves as legal
counsel for the Sovereign