Rep. Ron Paul: Has his time come? (Reuters Photo)
Libertarian Texas Congressman Ron Paul is finding rare support for his push to shine the spotlight on the Federal Reserve.
"He's finally found the right moment," Sarah Binder of the liberal Brookings Institution told Reuters.
"His bill happens to be in the right place at the right time," adds Paul spokesman Rachel Mills.
Paul's history of long-shot causes, which include pulling out the United Nations and repealing federal drugs laws, hasn't drawn a lot of support from Congressional colleagues in the past but his criticism of the Fed and its dominant role in the U.S. economy, is drawing support. His bill, the Federal Reserve Transparency Act, has 178 Republican and 104 Democratic co-sponsors. None of the 57 other bills Paul introduced in the current session of Congress has drawn more than 12 cosponsors.
Democrat Barney Frank, chairman of the House Financial Services Committee, has pledged to work with Paul with expanded legislation that includes an audit of the Federal Reserve. The bill is expected to come up for a vote in October.
In the Senate, a similar bill offered by Socialist Bernie Sanders has drawn only 23 co-sponsors.
Technorati Tags: 
Good Lord, you tout yourself as "the oldest political news site on the internet".
Ron Paul is a Republican, not a Libertarian.
Get your facts straight.
Miss Conservative
We've been around politics long enough to remember that Ron Paul ran for President as a libertarian in 1988. We've been around long enough to know Ron Paul's positions remain steadfastly libertarian.
We stand by our statement that he is, first and foremost, a libertarian.
Tis true... a libertarian in republican drag... the onlt way this %*(&)I&% system works.
Focus on the Fed and his righteous assault thereon. THAT's the story !!!
Was pointed out to me that if the Federal Reserve was audited that the dollar will likely collapse. This legislation, Ron Paul, and his supporters are being drawn into the end game where the dollar is gone and replaced with a regional or world-wide currency. Watch and see.
How else could we explain support from globalist stooge Barney Frank and all the other co-signers?
*~*~*~*~*~*~*~*~*~*~*~*~*~*
Congress is elected to represent, not to direct, the people.
Hey Woody -
I'd suggest the dollar is gone anyway. China is about to pull the plug, and the others will follow suit quickly. Perhaps our only hope is to set the Fed free as fast as possible and let them fight over that "central" banking cartel's assets.
Too bad Barney didn't have this coming to Jesus moment about 5 years ago.
I think any audit would show the Fed has been broke and printing money for themselves since Nixon. Since our money is faith-based, this will kill all faith in the dollar as a safe-asset haven.
Not broke, but printing money all the same. No gold, no faith.