You've hit the nail on the head -- the only power he'll actually have as President is to reduce or eliminate enforcement of regulations. He won't actually have any power to do any of the "good" things, such as repeal the Patriot Act or the NDAA. So, a Paul administration would basically be all of the bad, and none of the good. Congress will gridlock as usual anytime anything effective tries to happen, and I suppose he'll be able to veto some things, but I don't want his veto at the expense of environmental, pharmaceutical and market enforcement.
Not to mention many of the things he will veto will probably be things I don't want veto'd -- such as health care reform, social services, increased environmental regulations, etc.
BS....the President has the power to move the troops to where ever he/she sees fit. He would bring them all home. Honestly his foreign policy is what really excites me about him. I dont like everything about him....but his stance on not being the worlds police I agree with. And on the federal reserve.
And the president can veto crazy laws put forth by the crazy congress.....like the NDAA act. So you cant say the President has no real power.