Comments on: Help Us Help Alan Grayson Save Federal Reserve Audit Bill

By: audemus

audemus — Mon, 23 Nov 2009 14:13:59 +0000

Ron Paul supporter and Campaign for Liberty activist here. Big thanks to FDL and the FDL readers for supporting the Paul/Grayson amendment. These establishment goons bring us nothing but death and destruction, what a great feeling to put them on notice. This country is not as divided as they would have us believe. There is still much work to be done, but with over 311 co-sponsors of the bill it looks like we have a fighting chance.

By: karendotcom

karendotcom — Sun, 22 Nov 2009 23:56:07 +0000

I love the smell of Grayson on a cold November afternoon!

By: archiebird

archiebird — Sun, 22 Nov 2009 23:44:24 +0000

What Barney Frank said is VERY telling. It would worry the financial sector in regard to inflation and effect on the dollar. Okay. So that right there should tell us what’s been happening at the Fed. What would cause astronomical inflation and drop the value of the dollar like a lead anvil? And I want to say thank you to the progressives in congress, again. the true voice of the people and for the people

By: Hugh

Hugh — Sun, 22 Nov 2009 23:10:01 +0000

It is an interesting problem. With all its cosponsors, it should survive the House. Dodd sounds less than happy with Bernanke so it could pass out of his committee. A filibuster either with the Senate bill or the later conference report is a possibility but this really is a piece of legislation that cuts across traditional Republican/Democratic divides. The only thing that could stop it is a veto. Now that would be a real pillar of the Obama legacy, wouldn’t it?

By: DavidKaib

DavidKaib — Sun, 22 Nov 2009 22:44:27 +0000

Excellent point. Whatever the Fed does, the ultimate power and therefore the ultimate responsibility lies with Congress.

One of the worst things to happen for democracy in American was the idea that monetary policy and banking could be controlled by technocrats without regard for ends. The way to kill that idea is to contest it.

By: perris

perris — Sun, 22 Nov 2009 22:42:29 +0000

Fed Chairman Ben S. Bernanke has opposed the Paul legislation, saying it may result in interference with monetary policy

he says that as if it’sa BAD thing!!!

he is COMPLETELY out of touch, of COURSE we need to “interfere” with their monetary policy SINCE they make decisions that are unilateral and NOT subject to oversite

the man is batty suggesting it’s a bad thing interfering with their monetary policy

By: raven333

raven333 — Sun, 22 Nov 2009 22:19:03 +0000

When I consider that the amendment grants power over the Fed to Congress, I don’t find this terribly surprising. And, well, do we want the current Senate to have any power over the Fed? Or almost any Senate in history?

Croak!

By: homeroid

homeroid — Sun, 22 Nov 2009 22:17:35 +0000

Getting a peek at the workings of the fed i would think to bring some very divergent views to agreement. I am going to follow this closely.

By: fuckno

fuckno — Sun, 22 Nov 2009 22:04:18 +0000

Barney Frank, the Massachusetts Democrat who chairs the committee, told reporters after the vote. “People are going to be worried about the impact on the dollar, on the interest rate.”

Who are the editorial ‘People’, Barney is so concerned about?

By: dakine01

dakine01 — Sun, 22 Nov 2009 22:03:42 +0000

Book Salon up at the Mothership with Barbara Ehrenreich's Bright Sided: How the Relentless Promotion of Positive Thinking Has Undermined America hosted by Tom Franks