This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ron Paul Will Find a Job in the Romney Administration

NEW YORK ( TheStreet) -- Ron Paul, chairman of the Board of Governors of the Federal Reserve -- at last in a position to dismantle the hated central bank from within?

Ron Paul, secretary of the Treasury, bringing his libertarian ethos to the highest echelons of executive power?

Or Ron Paul ... somewhere else in the executive branch, perhaps a Cabinet-level post, where he can evolve from annoying crank to full-fledged, power-wielding menace?

I know, at first blush it sounds unlikely, maybe even goofy, to contemplate the libertarian standard-bearer and serial presidential candidate landing in any kind of higher office. But let's face it: The actuarial tables are not on his side. Yes, his father lived to be 97, and I'm sure Paul will be with us for many years to come. But this may be his last run for president. He's turning 77 on Aug. 20, and he'd be 81 four years hence, making another presidential run even less credible than his latest one is.

So the question has to be asked, not just by his Kool-Aid-swilling admirers, but by people dismayed by his hate-government rants: What does the future hold for Ron Paul?

Most likely he'll continue pretty much as he has, railing against the Fed and slowly fading into obscurity. There's a reasonable chance that President Obama will squeak through to another term, thereby sparing the nation the possibility of bringing the GOP's soak-the-poor, reward-the-wealthy philosophy to the White House, with or without Ron Paul as part of the mix. But if that doesn't happen, a case can be made for Paul getting a job in a future Mitt Romney administration.

The rationale runs something like this:

* Paul is a politician, not Mahatma Gandhi. His supporters say his sole aim is to head a "movement," sacrificing his ambition for the "cause." I don't doubt his sincerity. But I wonder: Isn't this man even the slightest bit tired of being an outsider? Does he want to end his life as a kind of far-right Harold Stassen? He's already written pretty much the same book over and over again. Doesn't it get tiresome? Wouldn't he like to exercise some real power for a change? Assuming that the answer to these questions is in the affirmative, then a future Mitt Romney administration could offer the last chance he'll have to come in from the cold. It all depends on Romney, and whether he'll give Paul a position in the administration.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.46 0.87%
FB $82.97 0.06%
GOOG $556.34 -0.44%
TSLA $190.15 -2.10%
YHOO $44.56 0.81%


DOW 17,684.30 -34.24 -0.19%
S&P 500 2,059.40 -1.65 -0.08%
NASDAQ 4,868.5460 -7.9730 -0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs