Audit The Fed Effort Under Threat In House - HuffPost 11.17.09
The comments section was a great read... this is important to the full spectrum of Americans and unity is what is needed againest the Fed. Lots of respect for Dr. Paul as well.
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A bipartisan effort to force transparency on the Federal Reserve is suddenly in jeopardy after a House Financial Services Committee member introduced an amendment that would let the multi-trillion dollar organization continue throwing tax dollars around in secret.
Rep. Mel Watt, a Democrat from North Carolina, has introduced an amendment intended as an alternative to the measure to audit the Federal Reserve introduced by Reps. Ron Paul (R-Texas) and Alan Grayson's (D-Fla.) . But instead of increasing transparency, as the amendment claims to do, Watt's measure would instead make the institution more opaque.
The measure could come for a vote anytime this week. Read the amendment here.
Watt pitched his amendment in a letter to colleagues circulated Tuesday. "While my amendment will certainly fall short of demands by those intent on destroying the independence (if not the existence) of the Fed, the critics of my amendment will have to concede...that my amendment will provide transparency of the Fed's financial operations that will be completely unprecedented," he wrote.
In fact, the critics are conceding no such thing. "The Watt Amendment, as written today, actually places new restrictions on the little authority that exists, such as it is, for independent auditing of the Fed," Grayson said. "It keeps in place all existing restrictions and adds four more. So I don't see why anybody would reasonably think that it creates unprecedented authority to audit the Fed."...
http://www.huffingtonpost.com/2009/11/17/audit-the-fed-effor...
Yeah
I saw that. HuffPo is a bit tardy in reporting it, but better late than never I suppose. If you have time, glance at the comments. It's great to see how bipartisan support for auditing the Fed really is.
I've just about lost all
I've just about lost all faith in the democratic process as it exists in this country.
Trust Me, I Feel Your Pain
But the comments bouyed my spirits. This is a real line in the sand issue between We The People and the Powers That Be. Read some of the comments... it's uplifting that so many are waking up and on board (saw photoshopwiz in there too giving props to the good docter)
Here's one from jayhawk6677 from C4L:
I do not care if you are liberal, conservative, progressive, moderate, etc. As you can tell, Ron Paul and Alan Grayson are on different ideological playing fields but they both are extremely honest and reputable guys. As a member of Campaignforliberty.com I strongly advise all of yall to contact yall's reps and let them know you want this full audit of this gangster organization.
This quite possibly is the biggest issue I HAVE EVER SEEN that receives such unbelievable bi-partisan support. Because bottom line, regardless of our ideologies, we all love this country and this criminal institution is destroying it day by day.