Yet Paul is doing increasingly well in national and state-level polls. He’s running in second place in Iowa ahead of the Jan. 3 caucuses and third in the New Hampshire primary — the first two contests for the GOP nomination. And now that Cain has dropped out, Paul’s stock is likely to keep climbing. The congressman is no less a top-tier candidate than anyone else in the race.
2. Ron Paul is a doctrinaire libertarian.
Yes, he once ran for president on the Libertarian Party ticket and was accurately described by New York Times columnist Gail Collins last month as against “gun control, the death penalty, the C.I.A., the Civil Rights Act, prosecuting flag-burners, hate crime legislation, foreign aid, the military draft under any circumstances, campaign finance reform, the war on drugs, the war on terror and the war on porn.” But Paul parts company with many libertarians on many issues.
These include immigration, where he favors ending birthright citizenship and reducing the number of newcomers until the welfare state is dismantled. Paul says abortion law should be settled at the state level, but in Congress in 2005, 2007, 2009 and this year he introduced the Sanctity of Life Act, which would define life as beginning at conception.
In theory he supports free-trade agreements, but he votes against them, dismissing them as “managed trade.” He’s known for adding earmarks to spending bills he votes against, thus bringing home pork while maintaining his “Dr. No” credentials. As a result, says David Boaz of the libertarian Cato Institute, Paul is “an imperfect messenger” for libertarians’ small-government gospel.
3. Ron Paul’s call to “end the Fed” is crazy.
Paul’s 2009 “End the Fed” manifesto pretty much gives away the plot in the title. But the book sold well and drew respectful notices not just from folk singer Arlo Guthrie and actor Vince Vaughn, but also from the likes of media magnate and former GOP presidential candidate Steve Forbes. “History,” Forbes wrote in a review of Paul’s book, “will judge that Paul had it right when it came to the Fed and its often misbegotten monetary policies.” David Stockman, the former Republican congressman and Reagan budget director, has said that “our monetary system is out of control” and that Paul is the “one guy who understands it.”