AP Photo/Andrew A. Nelles
Calling Sen. Rand Paul’s rhetoric regarding the Federal Reserve “dangerous and irresponsible,” via Politico, the Wall Street-backed establishment GOP is pushing back on what’s become a Paul talking point, just as it was for his father, Rep. Ron Paul.
Paul could face a significant challenge if he emerges from Iowa with a legitimate shot at the Republican nomination. Because experts say he gets many of his arguments about the Fed flat wrong. And the establishment wing of the GOP — backed by piles of Wall Street money — views Paul’s approach to the Fed as dangerous and irresponsible.
“He seems to have a poor understanding of what’s actually on the Fed balance sheet and how the bank operates,” said James Pethokoukis, a scholar at the conservative American Enterprise Institute. “And if you don’t have a firm grip on one of your signature issues, people eventually are going to doubt other things you have to say.”
But the fact is, the refrain has a receptive audience — a younger one, at that — the GOP is going to have to win over if it wants to have any chance with millennials.
Written by DAN RIEHL-Breitbart
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