Wednesday
Sep102008
Third-party candidates unify, Bob Barr snubs
Wednesday, September 10, 2008 at 1:18PM
Third-party presidential candidates held a press conference today at the National Press Club. In attendance were Ron Paul (no longer a presidential candidate), Cynthia McKinney (Green Party candidate), Chuck Baldwin (Constitution Party candidate), and Ralph Nader (Independent). Bob Barr was expected but did not appear; see below for more.
The candidates held the press conference to announce agreement on a list of principles, including ending the Iraq war, no more national debt increases, investigation into the national reserve system, and protection of privacy and civil liberties. They also explained their reasons for splitting from the major parties and criticized the Commission on Presidential Debates. Ron Paul gave an idea for a better way of determining debate elligibility: if you're on the ballot in enough states that you could theoretically get enough electoral votes to win, you're in.
Paul also mentioned that he had gotten a call from the McCain campaign yesterday asking him to endorse McCain. Paul said the campaign had offered him no policy concessions in return. Paul refused to endorse, saying today that the request "didn't make a whole lot of sense" and laughing.
Nader was asked why Bob Barr was not attending and if he really agreed with the principles. Nader said he had spoken with the Barr campaign this morning and they had indicated Barr would be there.
Barr, however, did not attend and instead called his own press conference an hour later. At Barr's press conference, he said that having "bold, specific leadership" was the way to get policy changes made, not by presenting "an amorphous agenda." He did not want to appear with the other candidates because he did not want to "dilute" his message. Barr also mentioned he had offered Ron Paul the VP spot on the Libertarian ticket, but he had not heard a response. I asked Barr if his actions today should be taken as an indication that he would be unwilling to compromise if elected, and he said it should "absolutely" not be taken that way; he said compromise is necessary.
The statement of principles (which does not include Bob Barr's name) can be found here.
The candidates held the press conference to announce agreement on a list of principles, including ending the Iraq war, no more national debt increases, investigation into the national reserve system, and protection of privacy and civil liberties. They also explained their reasons for splitting from the major parties and criticized the Commission on Presidential Debates. Ron Paul gave an idea for a better way of determining debate elligibility: if you're on the ballot in enough states that you could theoretically get enough electoral votes to win, you're in.
Paul also mentioned that he had gotten a call from the McCain campaign yesterday asking him to endorse McCain. Paul said the campaign had offered him no policy concessions in return. Paul refused to endorse, saying today that the request "didn't make a whole lot of sense" and laughing.
Nader was asked why Bob Barr was not attending and if he really agreed with the principles. Nader said he had spoken with the Barr campaign this morning and they had indicated Barr would be there.
Barr, however, did not attend and instead called his own press conference an hour later. At Barr's press conference, he said that having "bold, specific leadership" was the way to get policy changes made, not by presenting "an amorphous agenda." He did not want to appear with the other candidates because he did not want to "dilute" his message. Barr also mentioned he had offered Ron Paul the VP spot on the Libertarian ticket, but he had not heard a response. I asked Barr if his actions today should be taken as an indication that he would be unwilling to compromise if elected, and he said it should "absolutely" not be taken that way; he said compromise is necessary.
The statement of principles (which does not include Bob Barr's name) can be found here.
Ron Paul Calls For The Federal Reserve To Increase Transparency
Congressman Ron Paul (R-Texas) recently introduced the Federal Reserve Transparency Act to House, a piece of legislation that calls for a stronger audit of the Federal Reserve along with a "detailed report to Congress.” The bill currently has 241 co-sponsors.
During a forum at the Cato Institute, Paul said he originally decided to run for Congress in the 1970s due to his interest in monetary policy, which is conducted by the Federal Reserve. “I’ve been talking about it for decades, and arguing that we had a financial system that was very fryable, very vulnerable, and it was the Fed that was creating the bubbles. Therefore we should be looking into it and preventing these problems rather than waiting for cataclysmic financial crisis to hit.”
Gilbert Schwartz, Former Associate General Counsel to the Federal Reserve, appeared alongside Paul, argued that the Fed is responsible for the financial crisis to some degree, he praised the “flexibility that the Federal Reserve exhibited in terms of their willingness to make sure that the economy—not just the U.S. economy, but also the world financial system—did not collapse.”
Schwartz went on to explain that the Fed understands the growing demand for transparency. He cited recent financial statements released by the Fed, saying, “clearly the message is getting to the Fed, and... this indicates at least some degree of attempt by the Fed to: one, be responsive to that criticism, and number two, probably to thwart the legislation that would otherwise subject them to GAO [U.S. Government Accountability Office] audit.”
Paul said that his bill will “open the books,” but not necessarily affect monetary policy. “It’s less confrontational for those who want to design regulations and deal with with monetary policy, and I think that’s why we’re getting such bipartisan support.” Paul believes, however, that if the audit is conducted, public opinion will turn against the Fed and monetary policy will be substantially challenged.
Ron Paul attributed the bills' support to the changing landscape of the economic system. “It had to do with the TARP funds,” Paul explained. “There are a few spammers out there that are interested in what I’ve been doing, and they’re letting their Congressmen know."