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Filed under: Uncategorized | 1 Comment
Originally posted here
Texas Congressman Ron Paul has won probably the biggest political victory of his three tenures in the House of Representatives with the passage of HR 459. The bill would allow the GAO to do a full audit of the Federal Reserve System, otherwise known as the Central Bank of the United States.
Paul believes the Fed should be audited because of how much cash it churns out and the fact interest rates have stayed low.
He’s long been pushing for this, but the calls grew louder after a 2010 New York Times article revealed the Fed had given out over a trillion dollars to a variety of sources during the 2008 crisis. Banks like Barclays and Citigroup, along with businesses like General Motors and Harley Davidson all received money. Even some foreign central banks, including Britain and Japan, received cash in hopes of keeping the market stable. Several businessmen, including an aide to Treasury Secretary Henry Paulson, all received loans as well.
Without the taxpayers, or Congress, knowing it had been done.
The banks and businesses who received cash were either able to “’take the money and run’ or realize they were being funded by the federal government, instead of their own cash. To quote, of all people, Senate Majority Leader Harry Reid in1995, “it is taxpayers’ money that is being used.” And the taxpayers had no idea this was being done.
This is extremely troubling and something everyone, not just conservatives and libertarians, should be concerned about.
This isn’t a private company, which can, within reason, do what it wants to with its own money. This is the federal government.
The big question is why people should care about this. For one, it’s your money being used. At a time where the U.S. deficit is 15-trillion dollars and showing no sign of stopping, an audit could show how the books are being kept.
Fed chairman Ben Bernanke, and House Minority Leader Nancy Pelosi, may complain this is “politicizing monetary policy,” but I don’t think so. This is the federal government, which should be held accountable by the people.
Peter Schweizert has already detailed how some Congressmen and Senators have used their power to make personal gains from legislation. An audit of the Fed would reveal whether the same thing is being done by either the reserve chair or members of the Federal Open Market Committee.
The solution now is to lobby the U.S. Senate to take action. Which means calling, emailing and writing them. Several times a day if necessary until it comes up for a vote. The legislature is supposed to represent its constituents. Lobbying Senators can show people actually care about an audit being done.
After all, it is your money. And we need to know what it’s being spent on.
Filed under: Budgets, Conservatives, Libertarianism, Politics | Leave a Comment
Tags: Audit the Fed, Budgeting, Conservatives, Gary Johnson, Libertarian, Politics, Ron Paul, The Fed, The Federal Reserve System
I’ve been the first to admit I don’t know who I’m voting for in November. While Romney has been saying the right things, I’m not sure he’ll stick to them once he’s in office. I certainly have no plans to vote for President Obama because I think he’ll bankrupt us.
There is a viable alternative to both candidates: ex-New Mexico Governor Gary Johnson.
Johnson was a GOP candidate before dropping out and seeking the Libertarian Party nomination. He seems like a decent guy, if a little odd, with a foreign policy that needs to be more articulate. At the same time, he deserves more of a shot at the presidency, which is why I’m supporting today’s Blackout CNN.
The documents can be found below.
Like I’ve said, I don’t know who I’m voting for, but I think Johnson deserves to be in the debate. Heck, if you want to throw Roseanne Barr there too…go right ahead. It might get more people to pay attention.
Filed under: Barack Obama, CNN, Gary Johnson, Libertarianism, Mitt Romney | Leave a Comment
Tags: Barack Obama, CNN, CNN Blackout, Conservatives, Election 2012, Gary Johnson, gay marriage, GOP, GOP 2012, Libertarian, Mitt Romney, Politics, President Obama, Ron Paul
Illinois Congressman Joe Walsh is in a fierce battle for his political life against Democratic challenger Tammy Duckworth. On Friday, CNN called it the “nastiest race of 2012,” but I’m not sure I agree with that.
The reason for this CNN’s assertion is because Walsh told an audience that all Duckworth likes to talk about is her service. I wouldn’t have said it this way, but I can understand why Walsh said it. He obviously wants the race to be a debate about policy. If he can show the difference between his beliefs and Duckworth’s he might be able to win.
The problem is now the race is about Walsh’s comments regarding Duckworth’s service and not the issues. This is obviously something Duckworth wants because she’s a double-amputee who fought in Iraq and Walsh didn’t.
However, that doesn’t give CNN anchor Ashleigh Banfield the right to get into a screaming match with Walsh on the air. It was entertaining television, but makes Banfield look bad. Actually it makes her look horribly biased.
The full interview is below:
Business Inside called Walsh’s appearance a “freak out,” I think it was Banfield who freaked out more than Walsh. She’s a news anchor and not supposed to get into fights on air. It’s disrespectful. There’s nothing wrong with asking tough questions, but getting into a shouting match does nothing to help. Were Banfield a “host” ala Bill O’Reilly or Chris Matthews, I’d have no problem with what happened. However, she’s an anchor and billed as one by CNN.
Duckworth appeared on Wolf Blitzer on Friday and had a much most even keel interview. The two are supposedly debating live on CNN at some point, so that could be even more interesting.
If the two talk policy, though, it’s obvious I agree with Walsh more than Duckworth. He just needs a better filter. He also needs to hope his district will understand why Congressman aren’t supposed to bring money into their district, but follow the Constitution.
But…it IS Illinois.😉
Filed under: CNN, Media, News anchors, On air confrontations, Politics | 3 Comments
Tags: Ashleigh Banfield, Banfield vs. Walsh, CNN, Duckworth vs. Walsh, Illinois politics, Joe Walsh, News anchors, On air confrontations, Politics, Tammy Duckworth, Walsh vs. Banfield, Walsh vs. Duckworth
There’s no good in lobbying people to donate, volunteer, etc. if I don’t do it myself.
Hence why I have made donations to Ted Cruz, Joe Walsh, Allen West, Jeff Flake Connie Mack, Richard Mourdock and Wendy Long.
I encourage you to do the same, if you so desire.
Mitt Romney will have enough cash to battle President Obama, but will the others?
November is important folks. Get started now.
Filed under: Elections, GOP 2012, Politics | Leave a Comment
Tags: Conservatives, Election 2012, Elections, GOP, GOP 2012, Libertarian, Mitt Romney, Politics