Libertarian “Golden” Boy/Bachmann Tebow Complex

Ron Paul’s Golden Portfolio

Ron Paul is well known for his pro-gold policies.  He is a little less well known for his golden portfolio.  While most Americans have been watching their retirements quickly shrink, Ron Paul is doing OK.  He might not be as rich as Mitt Romney, but he could buy Tim Pawlenty.

Is Paul ready for the leftwing media meat grinder?

The question is if this will become an issue for Ron Paul down the road.  Unlike half the GOP field this year, Ron Paul had not been considered a threat so no vetting (as the left calls it) or smear (as the right calls it) has taken place yet.  Still, could Paul’s golden investments and golden ambitions of a gold backed currency be viewed by liberal opponents as a conflict of interest?  Already liberal bloggers are pointing out Paul’s use of earmarks, so more “vetting” may be on the way.

One question that had me scratching my head is why Paul would advocate fixing the debt ceiling deal by having the Fed write off the QE1 and QE2 loans it had printed and made to the Treasury.  Of course, this would make the hundreds of billions involved unrestricted cash and could result in inflation. At the same time he voted (contrary to his son Rand) against Cut, Cap and Balance.  Ron Paul’s constant votes against any appropriations bill that doesn’t adhere strictly to the constitution should be viewed as a principled approach to representing the people who sent him to DC.  But it sure hasn’t hurt his portfolio either, as imperfect but more conservative bills fall to more liberal compromises that can pass without him and others who vote like him.  Paul has bet on instability and it has paid off.

By the way, Paul’s holdings don’t include major stockpiles of gold, but are actually all in gold mining companies.

Should Bachmann Be Third String?

Meanwhile, on the mainstream side of the GOP Michele Bachmann is suddenly finding herself where Pawlenty was just a couple weeks ago: a solid third place.

This made me think of Tim Tebow who was recently put at the Broncos’ third string behind Brady Quinn and Kyle

Tebow was local hero as a Gator

Orton.  I love Tim Tebow.  When he gets the ball and runs, or dumps those short touchdown passes over the defensive line’s heads, we all go nuts here in Florida.  Bronco’s preseason makes Floridians happy because we get to see Tebow.  He was a local champion who got everyone on fire for him, and when he went pro his Broncos’ #15 jersey was the number one seller in the whole NFL.

But Tebow is not a polished player.  His faith endears him to Christian NFL fans.  The excitement he brought to the Gators with his competitive and unpredictable playing style built him a huge fan base.  But his accuracy is off.  He is no Tom Brady or Peyton Manning.  He might fill the stadium, but he is not the quarterback to bring the Broncos to the Superbowl this year.

Can Bachmann be the GOP starter?

So why does he make me think of Michele Bachmann?  Bachmann has a huge fan base.  She became a national sensation as the darling of the TEA Party.  She fills stadiums and is exciting to watch and listen to.  But she is unpolished.  Her accuracy is off.  She’s no Mitt Romney or Rick Perry.

So for now, like Tebow, Bachmann is going to remain third string until she can prove she’s a starter.

The Disadvantage of Ron Paul and Michele Bachmann

Bookmark and ShareThe debt. The deficit. The debt ceiling. Default. Social security checks. Medicare payments. Balanced Budgets. Tax increases. Gang of six. Cut, Cap and Balance. Headlines all in the past week. Headlines that, for the most part, the Republican candidates for President have been able to take a stand on without actually having to take a solid position. That is unless you are Ron Paul or Michele Bachmann, the 2 candidates who are sitting members of the House Of Representatives.

2012 GOP Presidential leader and former MA Governor Mitt Romney has stated that “The answer for the country is for the president to agree to cut federal spending, to cap federal spending and to put in place a balanced budget amendment.” “If the president were to do those things, this whole debt issue would disappear.” He has declined to say whether he would support a compromise.

Former MN Governor Tim Pawlenty said in Iowa this week, “Eventually you run out of money, but what you do is you buy yourself a bunch of time to have the debate about real reform.” A vague statement but one that allows him to offer an opinion without having to land solidly behind a plan.

Paul and Bachmann however are forced, through their House seats, to vote for or against the actual plans. They are not afforded the luxury to simply make broad statements without taking a position that the other candidates are. Both Paul and Bachmann were also among the nine House Republicans who voted Tuesday night against the ‘cut, cap and balance’ bill that would reduce 2012 spending by more than $100 billion, cap it over the next decade and prohibit more government borrowing until Congress passes a constitutional amendment requiring a balanced budget. Harry Reid has vowed it will not pass the Senate and the President has vowed to veto it if it does.

Ron Paul said it wouldn’t live up to it’s promises, passing the cuts off for years and Bachmann said it didn’t go far enough to cut spending.

So are candidates that hold seats in Congress at a disadvantage when it comes to being able to use the rhetoric on an issue? Douglas Holtz-Eakin, who was a top economic policy adviser to Republican Party presidential nominee John McCain in 2008 but not aligned with any of the contenders this time around stated, “What they would like to have is the issue and that’s the difference between them and the congressional leaders. They need an issue. The congressional leaders need a result.”

We will see in the coming days and months leading up to the Iowa caucus if the other candidates try to pull the votes of Paul and Bachmann into the fray. While the other candidates can rely on rhetoric and easily take the stance that the polls dictate are popular, sitting members of Congress have to take a solid stand on the bills before them. A disadvantage for sure in a large candidate field with a mere 2 current legislators in it’s ranks.

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