The American Spectator

Money Bombs Away
The American Spectator

The donors who poured millions into Ron Paul’s presidential campaign coffers aren’t done yet. On Saturday, libertarian financier and commentator Peter Schiff raised more than $200,000 in a 24-hour « money bomb » as he continues to explore a bid for the Republican nomination to run against Sen. Chris Dodd (D-Conn.). Having now collected more than $790,000 in campaign contributions since mid-July, the Ron Paul Republican Schiff is competitive financially with the frontrunners for the GOP nomination.

Schiff’s fundraising haul wasn’t the only reason libertarian-leaning Republicans had to cheer last week. Rand Paul, the ophthalmologist son of the 11-term Texas congressman and former presidential candidate, announced he was going to run for the Senate seat being vacated by Sen. Jim Bunning (R-KY).

As Ron Paul Republicans have slowly been making inroads within the party structure, Congressman Paul himself has been gaining in influence over the GOP. Every Republican in the House is a now a co-sponsor of his bill to audit the Federal Reserve.

Even on issues of war and peace, Paul isn’t always in the minority anymore. A handful of conservatives who supported the Iraq war, like Congressman Roscoe Bartlett (R-Md.), have joined him in questioning President Obama’s Afghanistan escalation. All but five Republicans voted with Paul against the supplemental funding of Iraq and Afghanistan, including the entire leadership. They haven’t suddenly become noninterventionists — the issue for most Republicans was extraneous spending, not the wars themselves — but it is nevertheless a major departure from the party’s stance under President Bush.