39 votes

Democratic Whip Steny Hoyer urges ALL Dems to vote NO on Audit the Fed

http://www.democraticwhip.gov/content/daily-whip-tuesday-jul...

Democratic Whip Steny Hoyer's letter to all Democrats:

Like all other major central banks around the world, the Federal Reserve is an independent central bank, and its monetary policy actions are not subject to approval by the Administration or Congress. While Congress has set out the policy goals the Federal Reserve is to pursue - maximum employment and price stability - the ability of the Federal Reserve to pursue monetary policy independent of political influence is critical to its ability to fulfill its dual mandate.

Moreover, Congress already conducts regular and robust oversight of the Federal Reserve and actually expanded GAO’s audit authority two years ago in the Dodd-Frank Wall Street Reform and Consumer Protection Act. It expanded the types of audits GAO may conduct of the Federal Reserve, as well as the data that must be disclosed to the public.

The Federal Reserve’s financial accounts have long been subject to audit both by the GAO and an outside, independent audit firm. This bill impedes the independence of this critical institution.

In order for the Federal Reserve to do its job effectively, it should not be subject to short-term political pressures. The experience during debate on the debt ceiling last summer should demonstrate to the American public that House Republicans cannot be allowed to hold our economy or our critical economic institutions hostage in order to further their extreme agenda.

Members are urged to VOTE NO.

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If you have not called your Representative, please do so NOW. The vote will be tomorrow (Wednesday).

147 Democrats have not cosponsored HR 459.

Find your Rep's phone number here:

http://action.freedomworks.org/7388/tell-your-congressman-to...

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a liberal supporting the fed

a liberal with the surname Hoyer who's supporting the fed and spreading disinformation.

no comment.

Even if you assume the

Even if you assume the objectives the Fed pursues are good, that doesnt mean the means of achieving them are. If it take $1T of money printing to achieve the "correct" interest rate, that doesn't mean it has to be lent to one particular set of people or institutions...get me?

At least lend the money to poor people if that is how you want to get low rates. Dont give it straight to the cartel.

I dont understand how even a democrat couldnt comprehend this.

23

Look at those lies

That the federal reserve is an independent bank. Hoyer is protecting his zionist jew bankster friends.

"But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing." - Andrew Jackson

With Friends Like You, Who Needs Enemies?

Anti-semitic comments like that don't do anything to help Ron Paul or advance the cause of Liberty!

Ed Rombach

Methinks

thats the objective

the easiest way to get something done isnt to change the behavior; its to change the meaning of existing behavior. like a cut isnt a cut, torture isnt torture, its enhanced interrogation. war isnt war, its kinetic military action. declaring war now appare

it would sure be nice if . . .

battle lines in the war for liberty were clearly and succinctly drawn, so that wårriors on the frontlines in the infowar see and know moles and faux-"friends" instantly

True colors key Democrat argues for secrecy: the Illuminist masons are into everything

Time for a Full Disclosure Amendment

bump

Thanks for posting this.

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http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

The FED Puppets are coming out!

The FED Puppets are coming out, I can't stand it! I can't wait for some END the FED Democrats, yield to them Rep. Elijah Cummings. OMG Barney again!

Now Rep. Elijah Cummings is

Now Rep. Elijah Cummings is against a Full Audit of the FED, was for it last time. hmmm..... I wonder if obama had a talking with him?

Mr. Hoyer

is severely misinformed or misdirected at best, complicit at worst.

http://dictionary.reference.com/browse/complicit

When Benjamin Franklin exited the constitutional convention, he was asked by a woman: "Sir, what have you given us?" His immediate response was: "A Republic Ma'am, if you can keep it."

Hoyer and Pelosi Are No Friends Of Liberty...

Scum sucking political whores..They belong to the "SYNOGOGUE OF SATAN"

Donate to John Dennis

And surround their offices.

What do you think? http://consequeries.com/

Keep up the pressure

especially on Democratic members.

Calling a ton of Reps

the first one being Hoyer, first thing in the morning.

bump

.

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix