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And I'll remind all those who think the president was/is not interested in bi-partisanship, that Gregg was one of his nominees for commerce secretary.
"Last November, Gregg said that "passage of the Paul Amendment by the House Financial Services Committee is a dangerous move by this Congress to pander to the populist anger currently directed against our central bank, the Federal Reserve," in a statement after the committee approved an amendment sponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.). "
And I'll remind all those who think the president was/is not interested in bi-partisanship, that Gregg was one of his nominees for commerce secretary.
"Last November, Gregg said that "passage of the Paul Amendment by the House Financial Services Committee is a dangerous move by this Congress to pander to the populist anger currently directed against our central bank, the Federal Reserve," in a statement after the committee approved an amendment sponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.). "
Neither Judd nor Dodd are seeking re-election. I believe blocking the Fed Audit has something to do with employment possibilities after leaving office. At this point, the only thing they have to lose are future $$$$, and we all know that polticians are famous for moving into the lobbying realm after a life in politics. What better way to pad your pockets than to protect the institution that could aid in padding those pockets?
And I'll remind all those who think the president was/is not interested in bi-partisanship, that Gregg was one of his nominees for commerce secretary.
"Last November, Gregg said that "passage of the Paul Amendment by the House Financial Services Committee is a dangerous move by this Congress to pander to the populist anger currently directed against our central bank, the Federal Reserve," in a statement after the committee approved an amendment sponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.). "
So, now doing the will of the people is 'pandering?' Fascinating.
I don't think that is what Judd Gregg was saying. At first blush auditing the Fed sounds like a good idea--transparency and all that. But the Fed was created to be independent for a very good reason. It removed it from the "oversight" of worthless politicians like Barney Frank. Remember, it was Frank's and Dodd's "oversight" of Fannie Mae and Freddy Mac, and their pandering to Acorn and the welfare pimps, that largely caused the housing bubble and the crash of our financial system. Can you imagine the mischief of which they would be capable if they controlled our currency?
I don't think that is what Judd Gregg was saying. At first blush auditing the Fed sounds like a good idea--transparency and all that. But the Fed was created to be independent for a very good reason. It removed it from the "oversight" of worthless politicians like Barney Frank. Remember, it was Frank's and Dodd's "oversight" of Fannie Mae and Freddy Mac, and their pandering to Acorn and the welfare pimps, that largely caused the housing bubble and the crash of our financial system. Can you imagine the mischief of which they would be capable if they controlled our currency?
The problem is that there is no independence between the Fed and the government anymore. It's extremely political and the government is offering more power to the Fed on a yearly basis.
The problem is that there is no independence between the Fed and the government anymore. It's extremely political and the government is offering more power to the Fed on a yearly basis.
Obama has in particular granted more power to the Fed to push the funding for bailouts and his agenda.
I believe the reason for the blockage of the audit of the Fed. is because if the people could grasp what is really going on there would be an all out revolt and likely an immediate run on the banks.
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