PDA

View Full Version : Congrats to Ron Paul & Revelarts!



jimnyc
07-25-2012, 06:46 PM
Not sure why 97 Democrats opposed this. I really see little issue with wanting more transparency and accountability from the government. Kudos to RP for staying true to his beliefs and fighting for this for so long!


At long last, Ron Paul has his day.

The House of Representatives on Wednesday overwhelmingly approved the Texas Republican's bill to increase the transparency of the Federal Reserve. With bipartisan support, the measure passed 327-98. One Republican, Rep. Bob Turner of New York, joined 97 Democrats in voting against it.

For Paul, the journey to getting his bill approved in the House has been a long, and often lonely one. He first introduced the bill to a skeptical House a decade ago. While his efforts were ignored at the time, the call to "audit the Fed" has gained support from mainstream Republicans and Democrats.

On the presidential campaign trail in 2008, Paul spoke often about the need to make more of the Federal Reserve's activities public, a cause that became a rallying cry of his supporters. Paul's book "End the Fed" was published in September 2009, and he continued his crusade against the federal bank into his second run for the Republican presidential nomination in 2012. (Paul first ran for president as the Libertarian Party candidate in 1988.)

http://news.yahoo.com/blogs/ticket/ron-paul-audit-fed-bill-passes-house-185936757.html

revelarts
07-25-2012, 09:05 PM
:thumb:
Gracious of ya Jim.

Nice victory for the country, one small step in the right direction and a sort of a bitter sweet victory for Paul as he's an outgoing congressman.

We've all missed a great opportunity with Him.

fj1200
07-26-2012, 10:11 AM
Not sure why 97 Democrats opposed this. I really see little issue with wanting more transparency and accountability from the government. Kudos to RP for staying true to his beliefs and fighting for this for so long!


The bill, of course, is not without critics. Democrats say the Act could "politicize" the Federal Reserve's decisions—what Federal Reserve Chairman Ben Bernanke has called a "nightmare scenario."

"This bill would ... jeopardize the Fed's independence by subjecting its decisions on interest rates and monetary policy to GAO audit," said House Minority Whip Steny Hoyer, a Democrat from Maryland. "I agree with Chairman Bernanke that congressional review of the Fed's monetary policy decisions would be a 'nightmare scenario,' especially judging by the track record of this Congress when it comes to governing effectively."

While Wednesday's passage in the lower chamber is a victory for Paul and his supporters, the bill is considered dead on arrival in the Senate. Harry Reid, the Senate majority leader and a Nevada Democrat, has vowed not to put it to a vote.


http://news.yahoo.com/blogs/ticket/ron-paul-audit-fed-bill-passes-house-185936757.html

Hoyer probably isn't too far off. BTW, didn't we already audit the Fed?

Anton Chigurh
07-26-2012, 11:34 AM
A nice swan song for paul.... Will he be retiring from Congress as promised?

fj1200
07-27-2012, 11:51 AM
^Probably nothing to read into this:


Eight co-sponsors of ‘audit the Fed’ bill vote against it without explanation


Read more: http://dailycaller.com/2012/07/26/eight-co-sponsors-of-audit-the-fed-bill-vote-against-it-without-explanation/#ixzz21qIq51cs

Dilloduck
07-27-2012, 12:07 PM
I think they are tossing Ron Paul a bone knowing full well the Fed is a nightmare scenario already. Everyone knows it but we have to play "the emporer has clothes " fantasy or all hell would break loose. Nice of the political parties to admit that they couldn't run the Fed with screwing it up. Will they admit to screwing up every other program they try to run ? :laugh2: