Sen. Christopher Dodd (D-Conn) has introduced a bill of new financial regulations that actually eliminates and consolidates several ineffectual federal agencies and strips the evil Fed of its regulatory powers over banks in the U.S.
One can see the subtle influences of Ron Paul on such a piece of legislation. Indeed, why would Dodd, called the “Senator from Aetna” by Ralph Nader and patron saint of the financial industry and Wall Street introduce a bill that could well be opposed by Barney Frank and Obama Administration?
Because Dodd is a politician first and foremost and he’s up for re-election next year. He has a tough fight on his hands and so he needs something to show he’s more than just the recipient of the largess of Countrywide and the big banks. Co-opting a little Ron Paul populism, especially since Peter Schiff is one of his potential opponents may very well help him.
Success in politics doesn’t always comes from winning elections. It comes from advocating ideas that even the most unlikely adherents like Dodd find useful.
Speaking of Ron Paul influences, I see where the Charleston (S.C.) County GOP has censured Sen. Lindsay Graham, finally fed up with his many apostasies and his attempt to be John McCain’s political successor See where attacking Ron Paul leads you Senator?