'There was no talk of the Federal Reserve,' Paul said. Paul 'skeptical' after Romney speech

Rep. Ron Paul said GOP presidential nominee Mitt Romney’s convention speech left him “very skeptical” that the country’s economic policies will change.

“The speech is what I would expect,” the Texas Republican said Friday on Bloomberg Television’s “In the Loop.” “I remain very, very skeptical of hearing anything that will change the course of history. We have a debt problem. We have a spending problem. But how many things did he list to cut?”


Not enough, he said. The former GOP presidential candidate said the “most disturbing” part of America’s fiscal problems is the Federal Reserve, which Romney did not focus on during his speech.

“There was no talk of the Federal Reserve,” said Paul, advocating the elimination of the Fed and fixed interest rates. “As long as we have the concept,” he later added, “we will linger a long time because debt is a problem and no one is willing to face up to it, and I certainly didn’t hear that last night.”

So what’s his take on the Republican Party?

“Well, it is not my party. I do not like politics at all,” Paul said. “I think both parties are Keynesian economists and support positions that I do not like. So, the party, in many ways is irrelevant.”