After the Tea Party and the Occupy Wall Street movements stormed American politics in 2009 and 2011 with their cries against big government and economic inequality respectively, a new -- and better-targeted -- grassroots revolution has been born.
On the heels of former libertarian-leaning Republican presidential candidate Ron Paul's "End the Fed" gospel, and what many see as the Obama administration's political overreach of The Federal Reserve and its chairman Ben Bernanke (who, in the hopes of helping a still dismal economy, just enacted another round of quantitative easing or QE3), the "End the Fed (ETF)" movement has officially debuted, promising to be a game changer in Election 2012 and beyond.
And just as Obamacare triggered the Tea Party, and the failure of the U.S. government to bring accountability to a financial sector largely perceived as having produced the 2007-2008 Great Recession triggered the OWS movement, U.S. Senate Majority Leader Harry Reid's (D-NV) successful blocking of the "Audit the Fed" bill, is what has triggered libertarian-leaning voters across to country to make their voices heard against what they see is the mortgaging of the America's fiscal future in the name of never-ending public spending.
Like the Tea Party and OWS, and as it's customary in today's hyper polarized political landscape, End the Fed has both supporters and detractors. PolicyMic pundit Nathan Stringer, for instance, says, "An audit [of the Fed] is long overdue, but outright abolition would destroy investors' faith in U.S. credit." Conversely, another PM pundit star, Robert Taylor, opined, " ... beyond the nuts-and-bolts economic case against a monopoly cartel being in charge of half of every economic transaction in the country, the Fed is the greatest enabler of the growth of government power."
But, regardless of where one stands on this particular issue, one thing is certain; the burgeoning End the Fed movement has a better grasp and focus on the relevant issues that matter -- and are forefront -- in this election season. Unlike the Tea Party and Occupy Wall Street, which wasted their energy in mostly abstract issues prone to political polarization and co-opting, End the Fed is a breath of fresh air that brings a renewed focus on identifying and solving our problems while exercising the truly democratic right of holding our leaders -- both in government and business -- accountable.