Dennis the Menace CaughtSubmitted by DeleteInCorrect on Tue, 06/30/2009 - 09:58
I 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.