Liberty MavenWaterboarding Ron Paul’s Audit The Fed Bill
October 21st, 2009 8:00 am | by Marc Gallagher | Published in Activism, Bailouts, Banking, Big Government, Commentary, Federal Reserve, Maven Commentary, Ron Paul | 7 Responses
Well, it was only a matter of time before this happened. Actions such as these are the reason the word “cynic” was created. Ron Paul’s HR.1207 (S.604 in the Senate) which would require a complete audit of the Federal Reserve has 303 cosponsors in the House and 30 in the Senate. Yesterday, a new bill was introduced by obviously bought and paid for lawmakers that is a “waterboarded” version of Ron Paul’s bill.
“The Federal Reserve Accountability Act” was introduced by Democrat Jeff Merkley and Republican Bob Corker yesterday. The bill takes the cake out of Paul’s bill and leaves nothing but the frosting.
The bill avoids review of the Fed’s regular lending programs, such as the longstanding discount window, and its interest-rate decisions.
So, it excludes the fundamentals, the very actions 75% of the American people say they want to know about. The attitude of these so-called representatives is reprehensible.
I’m willing to bet that Merkley and Corker have some large donors in the banking industry.
This may be expected, but it doesn’t mean those of us that support a full audit as outlined in Ron Paul’s bill should just lay down. If anything, the fight has just begun. Please call your representatives and make sure they understand the difference between the full audit and the waterboarded audit introduced yesterday. Tell them that you will not accept anything other than a full audit. It is time to take off the gloves and fight. It’s going to get dirty in DC. Well, more dirty than it already is.
Here is a PDF of the new bill.
Here is a Press Release from the Campaign For Liberty about the bill.
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October 21st, 2009 at 12:38 pm (#)
According to opensecrets.org
Jeff Merkley: $654K from Finance, Insurance, and Real Estate
http://www.opensecrets.org/politicians/industries...
Bob Corker: $2M from Finance, Insurance, and Real Estate
http://www.opensecrets.org/politicians/industries...
October 21st, 2009 at 12:44 pm (#)
Wow, shocking. :S
October 21st, 2009 at 12:59 pm (#)
Time to put the pressue on to ensure those who already pledged support for RP's Bill do not jump ship for a lesser version obviously meant to sink his.
October 21st, 2009 at 2:41 pm (#)
Apparently the "change" in Washington was not to include the Federal Reserve! You Tennesseeans better let bet Bob Corker know how you feel.
October 21st, 2009 at 3:05 pm (#)
Actually for Bob Corker's career, it was $3M
October 21st, 2009 at 3:38 pm (#)
yeah, definitely bought and paid for politicans. hopefully other's won't jump ship b/c this one is nicer to the banks, and they'll get rewarded for "doing something" to promote "transparency" for the people.
What a joke.
October 22nd, 2009 at 5:55 pm (#)
And Meff Jerkley is a freshman Congressman from the state of Oregon. Nothing more dangerous.