Karl Rove and Barney Frank agree on Ron Paul’s Federal Reserve Audit bill

July 14th, 2009 1:37 pm  |  by  |  Published in Activism, Banking, Big Government, Commentary, congress, Economics, Federal Reserve, globalism, Maven Commentary, Money, Ron Paul  |  6 Responses

Karl Rove was interviewed this morning on Glenn Beck’s radio show. During the interview he was asked by Beck if he supported the bill to “Audit the Fed”. That bill is Ron Paul’s HR1207, which as of right now has 261 cosponsors. What is interesting is how similar Rove’s response is to Barney Frank’s response when asked the same question.

Neither gives unequivocal support of auditing the Fed. Both say they agree with an audit in principle, but both seem to disagree with a complete audit as HR1207 (and it’s companion bill in the Senate S604) would accomplish. The reasoning they give can be summed up with two words that I (and many others) have attributed to Barack Obama in the past year: political subterfuge. Or if you prefer the layman version: bull shit.

Beck first asks Rove about the dollar as the reserve currency, then brings up the Fed audit bill. Listen below as Rove equivocates all over the place. This is further proof that our two party system is not Democrats vs. Republicans. It is the powerful status quo vs. everyone else. Isn’t it way past time for “everyone else” to stand up against this kind of claptrap?

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Responses

  1. George Dewey says:

    July 14th, 2009 at 5:45 pm (#)

    Perfect analysis: "The reasoning they give can be summed up with two words that I (and many others) have attributed to Barack Obama in the past year: political subterfuge. Or if you prefer the layman version: bull shit." I love it! :)

  2. Dan Hansen says:

    July 15th, 2009 at 7:54 am (#)

    "transparency but with a certain opaqueness". Otherwise the bankers cannot be "quick". Pure gold.

    You're right, complete equivocation.

  3. Chad says:

    July 15th, 2009 at 5:29 pm (#)

    Wild swings in currency value in the 19th century? And then he compared it with the strength and value (both laughable) of the $ after the Fed was instituted??? What the hell is Rove talking about? COMPLETELY CLUELESS!!!

  4. LibertarianMike says:

    July 15th, 2009 at 5:31 pm (#)

    He is simply lying.

  5. EvilBankers says:

    July 15th, 2009 at 7:01 pm (#)

    Muhahaha … Usury is the New Slavery™ All your banks are belong to us.

  6. Elections Have Consequences says:

    July 24th, 2009 at 2:19 pm (#)

    [...] su-prise … Karl Rove and Barney Frank agree on Ron Paul’s Federal Reserve audit bill! The reasoning they give can be summed up with two words [...]