Source: [URL]http://abcnews.go.com/Politics/OTUS/ron-pauls-audit-fed-bill-passes-house/story?id=16855319#.UBD5DqP_mdB[/URL]
[QUOTE] 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.
On the presidential campaign trail in 2008, Paul spoke often about the need to make more of the Federal Reserve's activities public, a cause that became a rallying cry of his supporters. Paul's book,[I]End The Fed, [/I]was published in September 2009, and he continued his crusade against the federal bank into his second run for the Republican presidential nomination in 2012. (Paul first ran for president as the Libertarian Party candidate in 1988.)
Paul's bill came to the floor Wednesday with 270 co-sponsors. The measure also received support from his fellow Republican presidential candidates during the primaries. Former Massachusetts Gov. Mitt Romney, the presumptive Republican presidential nominee, most recently voiced his approval for Paul's efforts last week.
"Ron Paul's 'Audit The Fed' bill is a reminder of his tireless efforts to promote sound money and a more transparent Federal Reserve," Romney posted on Twitter.
The bill, of course, is not without critics. Democrats say the Act could "politicize" the Federal Reserve's decisions--what Federal Reserve Chairman Ben Bernanke has called a "nightmare scenario."
"This bill would ... jeopardize the Fed's independence by subjecting its decisions on interest rates and monetary policy to GAO audit," said House Minority Whip Steny Hoyer, a Democrat from Maryland. "I agree with Chairman Bernanke that congressional review of the Fed's monetary policy decisions would be a 'nightmare scenario,' especially judging by the track record of this Congress when it comes to governing effectively."
While Wednesday's passage in the lower chamber is a victory for Paul and his supporters, the bill is considered dead on arrival in the Senate. Harry Reid, the Senate Majority Leader and Nevada Democrat, has vowed not to put it to a vote.
[/QUOTE]
Now it only needs to pass the senate and get Obama's approval. Please contact your senators and tell them to support this if you live in the USA. Remember that the Fed's desire for independence is in reality a desire for unaccountability and secrecy.
The current co-sponsors in the senate are the folowing:
Sen DeMint, Jim [SC] - 1/26/2011
Sen Vitter, David [LA] - 1/26/2011
Sen Lee, Mike [UT] - 3/1/2011
Sen Hatch, Orrin G. [UT] - 5/24/2011
Sen Boozman, John [AR] - 5/24/2011
Sen Heller, Dean [NV] - 6/22/2011
Sen Chambliss, Saxby [GA] - 7/25/2011
Sen Crapo, Mike [ID] - 9/6/2011
Sen Risch, James E. [ID] - 10/6/2011
Sen Rubio, Marco [FL] - 10/6/2011
Sen Coburn, Tom [OK] - 10/6/2011
Sen Blunt, Roy [MO] - 10/6/2011
Sen Barrasso, John [WY] - 10/6/2011
Sen Burr, Richard [NC] - 10/6/2011
Sen Thune, John [SD] - 10/6/2011
Sen Inhofe, James M. [OK] - 10/6/2011
Sen Wicker, Roger F. [MS] - 10/6/2011
Sen McCain, John [AZ] - 10/31/2011
Sen Grassley, Chuck [IA] - 10/31/2011
Sen Cornyn, John [TX] - 3/28/2012
The 98 traitors who voted against this (congressional representatives):
Sewell, Terri - AL 7th
Matsui, Doris - CA 5th
Woolsey, Lynn - CA 6th
Miller, George - CA 7th
Pelosi, Nancy - CA 8th
Lee, Barbara - CA 9th
Stark, Fortney “Pete” - CA 13th
Eshoo, Anna - CA 14th
Cardoza, Dennis - CA 18th
Capps, Lois - CA 23rd
Waxman, Henry - CA 30th
Becerra, Xavier - CA 31st
Chu, Judy - CA 32nd
Bass, Karen - CA 33rd
Roybal-Allard, Lucille - CA 34th
Napolitano, Grace - CA 38th
Sánchez, Linda - CA 39th
Davis, Susan - CA 53rd
DeGette, Diana - CO 1st
Larson, John - CT 1st
DeLauro, Rosa - CT 3rd
Himes, James - CT 4th
Carney, John - DE
Brown, Corrine - FL 3rd
Castor, Kathy - FL 11th
Wilson, Frederica FL 17th
Deutch, Ted - FL 19th
Wasserman Schultz, Debbie - FL 20th
Hastings, Alcee - FL 23r
Johnson, Henry “Hank” - GA 4th
Lewis, John - GA 5th
Hanabusa, Colleen - HI 1st
Rush, Bobby - IL 1st
Gutiérrez, Luis - IL 4th
Davis, Danny - IL 7th
Schakowsky, Janice “Jan” - IL 9th
Carson, André - IN 7th
Olver, John - MA 1st
Neal, Richard - MA 2nd
Frank, Barney - MA 4th
Markey, Edward “Ed” - MA 7th
Capuano, Michael - MA 8th
Keating, William - MA 10th
Sarbanes, John - MD 3rd
Edwards, Donna - MD 4th
Hoyer, Steny - MD 5th
Cummings, Elijah - MD 7th
Van Hollen, Christopher “Chris” - MD 8th
Peters, Gary - MI 9th
Levin, Sander - MI 12th
Conyers, John - MI 14th
Dingell, John - MI 15th
McCollum, Betty - MN 4th
Ellison, Keith - MN 5th
Cleaver, Emanuel - MO 5th
Thompson, Benni - MS 2nd
Butterfield, George “G.K.” - NC 1st
Price, David - NC 4th
Shuler, Heath - NC 11th
Watt, Melvin “Mel” - NC 12th
Miller, Bradley “Brad” - NC 13t
Andrews, Robert “Rob” - NJ 1st
Pallone, Frank - NJ 6th
Rothman, Steven - NJ 9th
Holt, Rush - NJ 12th
Sires, Albio - NJ 13th
Israel, Steve - NY 2nd
Ackerman, Gary - NY 5th
Meeks, Gregory - NY 6th
Crowley, Joseph - NY 7th
Turner, Robert - NY 9th <------------ The only republican who voted nay
Towns, Edolphus “Ed” - NY 10th
Velázquez, Nydia - NY 12th
Maloney, Carolyn - NY 14th
Rangel, Charles - NY 15th
Serrano, José - NY 16th
Engel, Eliot - NY 17th
Lowey, Nita - NY 18th
Hinchey, Maurice - NY 22nd
Slaughter, Louise - NY 28th
Kaptur, Marcy - OH 9th
Fudge, Marcia - OH 11th
Ryan, Timothy - OH 17th
Bonamici, Suzanne - OR 1st
Blumenauer, Earl - OR 3rd
Brady, Robert - PA 1st
Fattah, Chaka - PA 2nd
Schwartz, Allyson - PA 13th
Clyburn, James “Jim” - SC 6th
Cooper, Jim - TN 5th
Reyes, Silvestre - TX 16th
Gonzalez, Charles “Charlie” - TX 20th
Larsen, Rick - WA 2nd
Dicks, Norman “Norm” - WA 6th
McDermott, James “Jim” - WA 7th
Kind, Ronald “Ron” - WI 3rd
Moore, Gwen - WI 4th
I'm all for government transparency, but calling the people who voted against it "traitors" is sort of ridiculous.
[QUOTE=.Isak.;36941198]I'm all for government transparency, but calling the people who voted against it "traitors" is sort of ridiculous.[/QUOTE]
The Federal Reserve is not part of the government. It's a secretive private corporation with a special government-given privilige to manipulate money.
So wait 97 democrats voted against this? I thought liberals were the good guys! But its surprising if what the OP says is true that only one Republican voted against this...
If any of you have no idea about the Federal Reserve and its implications, here have a gander at this:
[video=youtube;ZPWH5TlbloU]http://www.youtube.com/watch?v=ZPWH5TlbloU[/video]
Edit:
Okay well I'm not the brightest and since everyone here keeps saying that this video is false, I'll have to agree and discard these ideas but I'll just keep it posted for your entertainment.
[QUOTE=plokoon9619;36941554]So wait 97 democrats voted against this? I thought liberals were the good guys! But its surprising if what the OP says is true that only one Republican voted against this...[/QUOTE]
Most Democrats aren't liberal by the traditional definition. They fall solidly as moderates.
It's also important to understand that the Democratic party is not as lockstep as the Republican party when it comes to voting.
The left v right, liberal v conservative, Democrats = Republicans two sides of the same story schtick is mostly a fabrication of mass media.
[QUOTE=GlebGuy;36941564]If any of you have no idea about the Federal Reserve and its implications, here have a gander at this:
[video=youtube;ZPWH5TlbloU]http://www.youtube.com/watch?v=ZPWH5TlbloU[/video][/QUOTE]
That is the most hilariously misinformative bias of conspiracy nut nuttiness I've seen since Glenn Beck was on the air.
[editline]26th July 2012[/editline]
[QUOTE=plokoon9619;36941554]So wait 97 democrats voted against this? I thought liberals were the good guys! But its surprising if what the OP says is true that only one Republican voted against this...[/QUOTE]
Liberal =/= libertarian. Republicans are more often libertarians.
[quote=article]While Wednesday's passage in the lower chamber is a victory for Paul and his supporters, the bill is considered dead on arrival in the Senate. Harry Reid, the Senate Majority Leader and Nevada Democrat, has vowed not to put it to a vote.[/quote]
Fuck.
[QUOTE=mac338;36941787]
Liberal =/= libertarian. Republicans are more often libertarians.[/QUOTE]
Most Republicans are corporatist who are libertarian when it suits them.
[QUOTE=mac338;36941787]That is the most hilariously misinformative bias of conspiracy nut nuttiness I've seen since Glenn Beck was on the air.[/QUOTE]
Oh...
Well thanks for clearing that up for me.
Federal Reserve has it's own police but are a private corp.
[QUOTE=GlebGuy;36941564]If any of you have no idea about the Federal Reserve and its implications, here have a gander at this:
[video=youtube;ZPWH5TlbloU]http://www.youtube.com/watch?v=ZPWH5TlbloU[/video][/QUOTE]
Oh, I remember this. You can play a drinking game with how many fallacious arguments it uses.
[QUOTE=GlebGuy;36941564]If any of you have no idea about the Federal Reserve and its implications, here have a gander at this:
[video=youtube;ZPWH5TlbloU]http://www.youtube.com/watch?v=ZPWH5TlbloU[/video][/QUOTE]
oh yeah i'll trust a cartoon on youtube when it comes to serious domestic issues.
That evil banking tentacle robot looks kinda cool. Can I get in on this conspiracy thing?
[QUOTE=Ray-The-Sun;36942803]Oh, I remember this. You can play a drinking game with how many fallacious arguments it uses.[/QUOTE]
Tom Waits is the only person to have tried that and survived.
[QUOTE=Raidyr;36941662]
The left v right, liberal v conservative, Democrats = Republicans two sides of the same story schtick is mostly a fabrication of mass media.[/QUOTE]
[IMG]http://3.bp.blogspot.com/_5A9-dHdt46Q/TLvFEXO3xVI/AAAAAAAAAss/Xo0x_nSfe7U/s1600/usprimaries_2008.png[/IMG]
the media tries to portray the opposite: that democrats are completely different than the republicans, when in fact most democrats aren't even leftists.
Must be awkward being the only party member to vote nay.
[quote]Democrats say the Act could "politicize" the Federal Reserve's decisions--what Federal Reserve Chairman Ben Bernanke has called a "nightmare scenario."
"This bill would ... jeopardize the Fed's independence by subjecting its decisions on interest rates and monetary policy to GAO audit," said House Minority Whip Steny Hoyer, a Democrat from Maryland. "I agree with Chairman Bernanke that congressional review of the Fed's monetary policy decisions would be a 'nightmare scenario,' especially judging by the track record of this Congress when it comes to governing effectively."[/quote]
"they'd actually have to be held responsible for what they do! we can't let this happen!"
[QUOTE=Emperor Scorpious II;36941827]Fuck.[/QUOTE]
My thoughts exactly. How is it democratic at all to not let a bill come to a vote? It's bullshit.
[quote]Harry Reid, the Senate Majority Leader and Nevada Democrat, has vowed not to put it to a vote.[/quote]
Harry Reid - "I think we should audit the Fed":
[media]http://www.youtube.com/watch?v=oXOsZ7Ad7dM[/media]
What's with the flip flop? Or is he planning to reject it just because Republicans sponsored it?
[QUOTE=Noble;36944181]Harry Reid - "I think we should audit the Fed":
[media]http://www.youtube.com/watch?v=oXOsZ7Ad7dM[/media]
What's with the flip flop? Or is he planning to reject it just because Republicans sponsored it?[/QUOTE]
Possibly, but it could also be that he just no longer believes that the Fed is the proper target. As far as I could see, auditing the Federal Reserve *might* negatively affect our currency, but it almost certainly will fail to accomplish anything, where as other bank regulations would be far more effective at actually stabilizing the economy.
[QUOTE=Noble;36944181]What's with the flip flop?[/QUOTE]
He's a politician :v:
But I can't know what Senator Reid is thinking.
[editline]damnit[/editline]
Broke my automerge...
[QUOTE=gra;36943437][IMG]http://3.bp.blogspot.com/_5A9-dHdt46Q/TLvFEXO3xVI/AAAAAAAAAss/Xo0x_nSfe7U/s1600/usprimaries_2008.png[/IMG]
the media tries to portray the opposite: that democrats are completely different than the republicans, when in fact most democrats aren't even leftists.[/QUOTE]
That's not really an accurate standard of measurement. The political spectrum is all perspective, and standards differ from country to country.
[QUOTE=Boba_Fett;36944508]That's not really an accurate standard of measurement. The political spectrum is all perspective, and standards differ from country to country.[/QUOTE]
It doesn't take into account people who actually hold views from different sides.
[QUOTE=Mr. Someguy;36944548]It doesn't take into account people who actually hold views from different sides.[/QUOTE]
Honestly what the hell is Libertarian left? The party is based off conservatism. The only difference I can see is a right Libertarian is one that hijacks it with religion or something and left is one that doesn't. But that doesn't make the party left in any sense.
[QUOTE=Chicken_Chaser;36944695]The only difference I can see is a right Libertarian is one that hijacks it with religion or something and left is one that doesn't.[/QUOTE]
no
[QUOTE=Noble;36944714]no[/QUOTE]
Okay hows about you explain because I'm not looking for a pissing match
[QUOTE=Chicken_Chaser;36944695]Honestly what the hell is Libertarian left? The party is based off conservatism. The only difference I can see is a right Libertarian is one that hijacks it with religion or something and left is one that doesn't. But that doesn't make the party left in any sense.[/QUOTE]
The U.S. Libertarian party isn't based off of conservative ideals. It's just not based on liberal ideals either. It's pretty much the middle party, at the moment.
"The Libertarian Party is the third largest[2] and fastest growing[3] political party in the United States. The political platform of the Libertarian Party reflects the ideas of libertarianism, favoring minimally regulated, laissez-faire markets, strong civil liberties, drug liberalization, LGBT rights (such as in marriage, child custody, adoption, immigration or military service laws), separation of church and state, minimally regulated migration across borders, and non-interventionism and diplomacy in foreign policy, i.e., avoiding foreign military or economic entanglements with other nations and respect for freedom of trade and travel to all foreign countries."
[QUOTE=Gordy H.;36944818]The U.S. Libertarian party isn't based off of conservative ideals. It's just not based on liberal ideals either. It's pretty much the middle party, at the moment.
"The Libertarian Party is the third largest[2] and fastest growing[3] political party in the United States. The political platform of the Libertarian Party reflects the ideas of libertarianism, [b]favoring minimally regulated, laissez-faire markets,[/b] strong civil liberties([b]but they won't actually do anything to stop discrimination when intervention is needed[/b], drug liberalization, LGBT rights (such as in marriage, child custody, adoption, immigration or military service laws), separation of church and state, minimally regulated migration across borders, and non-interventionism and diplomacy in foreign policy, i.e., avoiding foreign military or economic entanglements with other nations and respect for freedom of trade and travel to all foreign countries."[/QUOTE]
I was under the impression that not wanting progressive taxes and allowing the free market to reign and being against welfare and other government programs = conservative.
Or is conservative being redefined because of modern Republicans even though Paul and Libertarian politicians like saying they're the true conservatives (in theory libertarians are)
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