Thursday, July 24, 2008

Money & Business

Capital Commerce

Paul Passes Thompson and McCain in GOP Primary

November 06, 2007 03:13 PM ET | James Pethokoukis | Permanent Link

Over at the Fantasy '08 betting market run by the outstanding RealClearPolitics website, the chances of Ron Paul becoming the GOP presidential nominee (8.7 percent) have now surpassed those of Fred Thompson (7.8 percent) and John McCain (7.3 percent). Rudy Giuliani is still first at 43 percent, with Mitt Romney second at 29 percent. Given what Paul has said about the Federal Reserve—that it "fosters runaway debt by increasing the money supply" and is "run by unelected officials who are not required to be open or accountable"—Bernanke might want to get an early start on his post-Fed life as an economic consultant or professor. Just in case.

Tags: presidential election 2008 | primaries | Republicans

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About the Capital Commerce Blog

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James Pethokoukis is the money and politics blogger for U.S. News & World Report , where he writes the monthly Capital Commerce magazine column. Pethokoukis is also the assistant managing editor of the magazine's Money & Business section. He has written for many publications including the New York Times, the American, USA Today, Investor's Business Daily, and TCS Daily. Pethokoukis is also an official CNBC contributor and appears frequently on that network's Kudlow & Company, Power Lunch, and The Call shows. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, CNN, and Nightly Business Report on PBS. A 1989 graduate of Northwestern University where he double majored in Soviet politics and American history and a 1991 graduate of the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! champion.

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