Dennis the Menace Caught
Submitted by OneWorldMafia on Tue, 06/30/2009 - 09:58I got this letter back from my congressman that includes info that says Ron Paul's HR 1207 will open up the Fed's funding facilities to congressional oversight. Unless my congressman is wrong, this proves to me Kucinich's bill is either for publicity or meant to undermine HR 1207. I say undermine because Kucinich's bill does not require audits but rather leaves the decision to audit up to the GAO director, whose job incidently is not secure since he was appointed, not confirmed, when the last director resigned. I know RP was nice about Kucinich's bill and cosponsored, but he probably didn't realize the GAO director's job is not secure, and he thinks Dennis is his friend.
"...In light of its responsibilities, it is imperative that the Federal Reserve's operations are fully transparent, and I believe H.R. 1207 contains the measures necessary to ensure that this is the case. By eliminating restrictions on GAO audits, the bill will open up the Fed's funding facilities - such as the Primary Dealer Credit Facility, Term Securities Lending Facility, and Term Asset-Backed Securities Lending Facility - to Congressional oversight. Congress and the American people will be able to monitor how and to whom the Federal Reserve is lending taxpayer dollars."
And yes Dennis voted against cap n trade, BUT many politicians obey orders when it comes to voting but are lined up ready to vote for a bad bill if not enough votes for it. See Ron Paul spill the beans on that subject when it comes to cap n trade in the link below. And Kucinich did vote for Obama's slavery bill.
On the surface perhaps
But Dennis is on a committee and has been grilling the bankers that merged Merrill Lynch, and it seemed to me , that 2424 was Dennis way of offering a "carrot"..like a message to the bankers.. "I want a review and I'm serious, and you know 1207 is out there, so be good to me". They were not forthcomming as Dennis hoped in round two and Dennis signed 1207, and RP signed 2424. They have both signed each others resolutions. I believe they are working together on getting an audit ultimately..because they know, it's got to happen with all these changes anyways.
STAND WITH RAND 2016
Ron Paul's bill came out in
Ron Paul's bill came out in Feb. The Kucinich bill in May.
How good a job at grilling the bankers? How good a job can anyone do without HR 1207?
I think it's very odd he left so much power up to the director, and his bill doesn't even call for an audit, but rather a "review".
Not so odd
when you consider that Bernanke has said that an audit of the Fed would lead to economic collapse!
. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!
Kucinich's
Kucinich's bill:
http://www.opencongress.org/bill/111-h2424/text
Even Ron Paul said
Even Ron Paul said Kucinich's bill was to get at those lending facilities, and his own bill is broader, that is covers it.