Rep. Ron Paul, R-Texas, will drive home his campaign criticism of the Federal Reserve with a congressional hearing today. According to an email from the political PA Campaign for Liberty, which Paul founded after his 2008 campaign. Paul stands to “take [Federal Reserve Chairman Ben] Bernanke down.”
A fundraising email to supporters announces that Paul and the House Domestic Monetary Policy and Technology Subcommittee are “blowing the lid off the Federal Reserve” in a congressional hearing this week. Bernanke will not appear at the hearing, according to the witness list, which consists of a representative from the Government Accountability Office and two private experts on monetary policy.
Campaign for Liberty, the “permanent campaign” that superseded Paul’s 2008 presidential campaign apparatus, claims credit for alerting the American people to “the secretive cabal that runs the Fed and the many problems the Fed causes in our economy.” To further that effort, the PAC has “budgeted $1 million” in advertising to raise pressure for an audit of the Federal Reserve, using TV and internet ads, as well as phone banks and hard-hitting direct mail and email.”
That language echoes the description of campaign advertising that Ron Paul offered in a recent fundraising email for his presidential campaign, in which he alluded to “a series of hard-hitting TV and internet ads, as well as a massive phone outreach and targeted voter mail program.”
Whether both Paul’s presidential campaign and the Campaign for Liberty intend to run ads against the Federal Reserve remains to be seen, but the congressman and the PAC certainly hope to influence the national conversation about the Federal Reserve.
