At long last, Ron Paul has his day.
The House of Representatives on Wednesday overwhelmingly approved the Texas Republican's bill to increase the transparency of the Federal Reserve. With bipartisan support, the measure passed 327-98.
For Paul, the path to getting his bill approved in the House has been a long, and often lonely one. He first introduced the bill to a skeptical House a decade ago. While his efforts were ignored at the time, the call to audit the Fed" has gained support from mainstream Republicans and Democrats.
"Today, Ron Paul, and you and I, are on the verge of a great triumph, a victory that would have been unthinkable only four years ago. No, I am not talking about the GOP presidential nomination, I am talking about the bill before congress to audit the Federal Reserve. There is widespread support in congress. It is likely to pass. Now, more than ever, we should be sticking together. This is Dr. Paul’s moment. This is our moment. Stay positive. Stay tough. Let’s finish this. . . " (cont'd)
100 Million Poor People In America and 39 Other Facts About Poverty That Will Blow Your Mind
Every single day more Americans fall into poverty. This should deeply alarm you no matter what political party you belong to and no matter what your personal economic philosophy is. Right now, approximately 100 million Americans are either "poor" or "near poor". For a lot of people "poverty" can be a nebulous concept, so let's define it. The poverty level as defined by the federal government in 2010 was $11,139 for an individual and $22,314 for a family of four. Could you take care of a family of four on less than $2000 a month? Millions upon millions of families are experiencing a tremendous amount of pain in this economy, and no matter what "solutions" we think are correct, the reality is that we all should have compassion on them. Sadly, things are about to get even worse. The next major economic downturn is rapidly approaching, and when it hits the statistics posted below are going to look even more horrendous.
Michael Moore's sober response to the Dark Knight Rises shooting in Aurora, Colorado was surprisingly clear, succinct, and reasonable. He admitted that guns are not the problem -- rather, the problem is our willingness as a nation to engage in meaningless wars and solve our problems with violence.
I grew up in a rather neoconservative home, and despite my journey to the Paul Side I never expected to find myself agreeing with Michael Moore. But I was really impressed by this.
Jeff Deist, Ron Paul's Congressional Chief of Staff informs us:
Ron Paul will be on C-SPAN’s Washington Journal Tuesday morning to discuss the Audit the Fed vote.
He’s scheduled for 8:30 to 9:15 AM eastern.
Thanks for the links, AnCapMercenary and freedom1776
Mox News: Representative Paul on the 2012 Presidential Campaign
and the Federal Reserve
Mox News: Caller Q&A segment on 9/11, MIC, Likudnik lunatics and Treason
"What's the difference between the US and Europe?" 'About Six Years' is the punchline that CNBC's Rick Santelli ascribes the apparently magnanimous view that Europe is so much different from us. Between PIMCO's Kashkari pontificating on unsustainable debt (and the Fed's need to 'do something', and Liesman still defending the Fed with all his might, Santelli loses it - noting Kashkari's intelligence, he rhetorically asks "Do you really think [the Fed] is the solution?" - and rightly so. "It's all band-aids," he exclaims, adding that "the problem is insolvency." Speaking out loud what many are thinking, Rick blasts the hypocrisy of the Kashkaris of the world who opine on solutions (and band-aids) while missing the critical underlying problem - that no one is accountable. Between Reagan, 'unreal' spending cuts, compromised 'bad' resolutions, and the continuing ostrich economics in the US mainstream, Santelli tells it like it is - as hard as it is for the CNBC anchors to hear.
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.
In an effort to promote Ron Paul's Audit the Fed bill vote on Tuesday July 24th, those of us with Twitter accounts let's try to get this hashtag trending: #AuditTheFed
Tweet as many as you can throughout the day.
Thanks, add any ideas in the comment section.
Things that make you say hmmm... You know this is so close to the truth of where we are headed.