Audit the Fed has passed the house.....

[NoStateofMind]

but will likely die in Senate.

http://www.reuters.com/article/2012/07/25/us-usa-fed-audit-idUSBRE86O1IX20120725

Transparency would be a welcome change and not just from the Fed. Another article stated that even though Ron Paul is in his final term the bill will likely spring up again in following years his son Rand and grassroots movement.

I don't know that we need full public disclosure but there needs to be someone (possibly a small group) outside the Fed that gets unprecedented access to ensure everything is on the up and up. What will the ramifications be if made public? I don't know. Any transparency we can get from the Fed or Government should encouraged IMO.

 

[Munky]

And people said Ron Paul would never get anything done.
Funny enough, the "People's Party" Dems were the ones voting against it.

 

[Ldir]

Transparency is good. We will know House Republicans are sincere about transparency when they also pass a bill requiring disclosure of all political contributions and lobbying.

 

[fskimospy]

And people said Ron Paul would never get anything done.
Funny enough, the "People's Party" Dems were the ones voting against it.

I guess if you mean that he was able to pass a meaningless bill that won't go anywhere 'getting things done', then sure. I imagine most people have a higher standard.

 

[Munky]

I guess if you mean that he was able to pass a meaningless bill that won't go anywhere 'getting things done', then sure. I imagine most people have a higher standard.

If it won't go anywhere, then I can blame the Dems for obstructionism... Isn't that how it works

 

[soundforbjt]

Gee, it only took his entire career (RP) to pass a bill that will go nowhere. Good job, RP.

 

[fskimospy]

If it won't go anywhere, then I can blame the Dems for obstructionism... Isn't that how it works

So you view Ron Paul's accomplishment to be that you can blame the opposing party for a mostly unnoticed bill on an internet message board?

Surely this guy can do better.

 

[Anarchist420]

This is good, but I don't expect it to go any farther. The House Republican leadership voted for it because they know the Senate won't pass it and the Dems voted for it because they think total greenbackism is significantly different from the Fed.

That said, electoral politics is not the way out of this shit.

 

[Anarchist420]

So you view Ron Paul's accomplishment to be that you can blame the opposing party for a mostly unnoticed bill on an internet message board?

He's convinced me and a whole lot of other people that electoral politics aren't the answer... that's something. He was also a successful medical doctor treating patients for free if they couldn't afford to free. He is only of 2 members of Congress who has refused a pension. He gives at least 1/2 of his office expenses back to the taxpayer, which is unprecedented or at least hasn't been done since before War to Preserve U.S. Govt Revenue... and even then there were Rombama National Socialists like Henry Clay.

He may have even destroyed the Party of Lincoln by being defrauded.

 

[sactoking]

http://abcnews.go.com/Politics/OTUS...l-passes-house/story?id=16855319#.UBF_O6CZs7A

With bipartisan support, the measure passed 327-98.

Paul's bill came to the floor Wednesday with 270 co-sponsors.

Harry Reid, the Senate Majority Leader and Nevada Democrat, has vowed not to put it to a vote.

http://www.washingtontimes.com/news/2012/jul/25/house-passes-ron-pauls-audit-fed-bill/

...Majority Leader Harry Reid, Nevada Democrat, at one time expressed support for an audit — though he reportedly has changed his mind.

Huh, what's this about Republicans obstructing bills they were once for just because they're now supported by Democrats? The hypocrisy is, unfortunately, not amazing.

 

[fskimospy]

He's convinced me and a whole lot of other people that electoral politics aren't the answer... that's something. He was also a successful medical doctor treating patients for free if they couldn't afford to free. He is only of 2 members of Congress who has refused a pension. He gives at least 1/2 of his office expenses back to the taxpayer, which is unprecedented or at least hasn't been done since before War to Preserve U.S. Govt Revenue... and even then there were Rombama National Socialists like Henry Clay.

He may have even destroyed the Party of Lincoln by being defrauded.

I don't care about any of those things. He is a useless legislator, and that's his job.

He may be a fine doctor, but he's a failure at his real job.

 

[Matt1970]

We don'y need a bill like this. Just trust your Government. They have never given you any reason not to.........

 

[CPA]

And people said Ron Paul would never get anything done.
Funny enough, the "People's Party" Dems were the ones voting against it.

The party that was supposed to usher in the most transparent administration and Congress ever.

 

[Atreus21]

When the enemy party passes a bill destined to fail in another branch, it's meaningless.
When your party passes a bill destined to fail in another branch, it's obstructionism.

 

[Nemesis 1]

The majority of Americans are for the Bill . If the senate doesn,t pass the bill. They are against the people! and it is election year . A year the FED is in deep do do. Any senator who votes against the bill will not be reseated. Lot obummer use his veto powers and the republicans will pass it just for that reason alone.

 

[boomerang]

Of course it will die in the Senate. You've heard of the new sexual position right? You get on top and do nothing. It's called the 'Harry Reid'.

 

[soundforbjt]

The majority of Americans are for the Bill . If the senate doesn,t pass the bill. They are against the people! and it is election year . A year the FED is in deep do do. Any senator who votes against the bill will not be reseated. Lot obummer use his veto powers and the republicans will pass it just for that reason alone.

Got a link showing that support?

 

[Pr0d1gy]

Got a link showing that support?

The majority of Americans don't know what day it is, much less what auditing the Fed entails. That said, this is a very good idea and it needs to pass.

 

[Munky]

So you view Ron Paul's accomplishment to be that you can blame the opposing party for a mostly unnoticed bill on an internet message board?

Surely this guy can do better.

Which unnoticed bill? The one where the Dem whips were out in full force trying to get their party to vote like good little puppets? It sure seems to get more notice than you'd like to pretend.

 

[Matt1970]

The majority of Americans are for the Bill . If the senate doesn,t pass the bill. They are against the people! and it is election year . A year the FED is in deep do do. Any senator who votes against the bill will not be reseated. Lot obummer use his veto powers and the republicans will pass it just for that reason alone.

Since when has the Democrats cared what the people wanted? The majority of the people were against Obamacare and that didn't stop them.

 

[Yreka]

Still having a hard time buying the opposition to this bill, to me (admittedly ignorant on the topic) it sounds like someone simply not wanting to give up power.

Fed officials have long fought the audit bill, arguing it would compromise their independence. Chairman Ben Bernanke told House lawmakers last week it would open the door to a "nightmare scenario" of political meddling in monetary policy decisions.

can someone expand on this ?
Is the sole argument that there will be a political clusterfuck situation every time the FED takes action (ie what happened with the debt ceiling situation)?

 

[Doc Savage Fan]

The Party of Transparency strikes again. They are truly masters of doublespeak.

 

[fskimospy]

Which unnoticed bill? The one where the Dem whips were out in full force trying to get their party to vote like good little puppets? It sure seems to get more notice than you'd like to pretend.

No, it's pretty entirely unnoticed. I'm quite keyed into what happens in DC and without this thread I would not have given it a second thought.

I know you want to think that this matters, but it doesn't.

 

[fskimospy]

The Party of Transparency strikes again. They are truly masters of doublespeak.

Yeah, totally different from the other Party of Transparency. Amazing how that works, huh.

 

[nextJin]

I don't care about any of those things. He is a useless legislator, and that's his job.

He may be a fine doctor, but he's a failure at his real job.

Considering much of what he said would have prevented a ton of issues that lay with us in the here and now (terrorism being front and center) I'd say he was the only one who actually took his job seriously. Especially as a conservative since he is one of the handful of Republicans who are not a RINO.

If the bill passes it passes, I really don't give a shit. Not much would come of it even if the FED gave 300 Trillion to rich people who spit on the poor, no one would do anything to them (the FED). The FED Chairman is arguably the most powerful man in the world so have fun with that.