To be clear, it's not that Republicans hate the Federal Reserve. They just love talking tough more.
Let's say Ron Paul, some how-- don't ask how just go along with it-- becomes president. You think the Federal Reserve is going to be abolished? Not a chance. No not even by Rick Perry. They won't touch it. Let's all recall Ronald Reagan said he would destroy the Department of Education and privatize Social Security. He did neither. Actually, he saved Social Security by pumping about $150 billion into it and he greatly expanded other realms of government like the VA, the Military Industrial Complex and so on.
George W. Bush, too, said he would fix Social Security. He didn't. In exchange he expanded Medicare by about $700 billion. He also grew government larger than any president since FDR. He created Homeland Security, NCLB, the Patriot Act, and even exempted himself from dozens of laws.
Do you think if Reagan had said he was going to rescue Social Security by raising taxes he would have been nominated by the GOP, or even won the presidency? No.
Do you think if George Bush said he was going to expand Medicare, create a state-sanctioned torture regime, become a professional nation-builder and run up a trillion dollar deficit that he would have won? No.
Neither would have. That's why it's all about talking tough. It's all about making your base jump up and cheer for executions and uninsured people dying. It's about saying all the right things and telling them what they want to hear. Once your in office, none of it matters. Whatever you do will all go down the memory hole anyway.
All these blah blah stories about hating on the Fed is nonsense. What we are talking about are chronic liars who, much like Reagan, are professional actors on the political scene. It's fraud at its best. But by all means, if they really want to reform America into a 19th century image, then make them do it. Hold them accountable. Don't let them stand there with their dick in their hands. Make them use it.
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