(Paul Jacob) – We live in interesting times. Strapped for cash, local and state governments are cutting spending and raising taxes. The federal government, with its chummy relationship with the Federal Reserve and our money supply, along with a shopaholic’s addiction to debt, continues to spend at record rates.
In this context, perhaps it is not so shocking that Congressman Ron Paul, known for being tight-fisted on spending, and for his push to audit the Fed, is basically even in a head-to-head match-up with President Obama. A Rasmussen Poll ticked Obama at 42 percent against Paul at 41 percent.
Interestingly, only 66 percent of Republicans chose Paul. It’s independent voters who are nearly 2-to-1 for Paul over the President.
Why do Republicans hesitate? Paul is a severe critic of the Republican Establishment, especially the GOP’s recent fondness for undeclared wars.
Meanwhile, the Tea Party movement is being courted by Alaska’s Sarah Palin and Minnesota’s Michele Bachmann. Representative Bachmann went so far to say that the GOP and the Tea Parties are merging.
I hope not. The main unifying feature of Tea Party protests remains out-of-control federal spending and borrowing. The GOP did nothing to curb this problem when it was in charge.
Both parties created the problem, as Rep. Paul points out. That’s why the Tea Party will be more effective as an independent political force, rallying Americans to hold both parties and all public officials accountable.
(Mr. Jacob is president of Citizens in Charge)