Posted on 09/02/2009 11:17:03 AM PDT by FromLori
Representative Ron Paul Representative Ron Paul, from the 14th District of Texas, has the nickname of "Dr. No" in the House of Representatives. That's because he is a medical doctor by profession, and will vote no on any bill that is strictly unconstitutional. These days, most bills that come out of the Congress of the United States are, from a strict interpretation, unconstitutional. So he votes 'No' a lot. In fact, he is often the only one to vote in the negative on many bills.
He is refreshingly different. He doesn't compromise, trade votes, form alliances or manipulate his colleagues behind the scenes. He just votes on the constitutionality of the bills in front of him.
Because of his strict honesty about interpreting the Constitution, he is a dedicated opponent of the Federal Reserve. That's because the Fed is unconstitutional. In the years he has been in Congress, Paul has consistently introduced bills to audit or abolish the Federal Reserve System and all of them died in committee through of a lack of interest. In 1987, for instance, he introduced a bill to audit the Fed that could only muster 18 co-sponsors, and that was a record high.
But something happened. Paul ran for President in 2008, and was the only one of the Republican presidential hopefuls that wanted to abolish the Fed. He seemed to be out of step with his colleagues at the time. In his debates, he consistently attacked the Fed and said that unless we stopped creating money out of thin air, we would soon have a economic depression.
Talk about timing! In September of 2008, our country hit the economic skids big time and it made many people think about what Ron Paul said about the Fed. The TAIR bailouts brought many representatives to the opinion that they had to get a handle on the Fed because of the enormous debt TAIR created. So when Paul introduced HR 1207 in 2009, a bill to use the Government Accounting Office (GAO), to audit the Fed, this time 282 Representatives signed up for it. That's almost a veto-proof 2/3 majority of the House of Representatives. A sister bill in the Senate, S 604, has 23 Senator cosponsors. That number will certainly increase when the Senate comes back from vacation in September. These two bills are the greatest threat to the 'independence' of the Fed since it's inception.
From Utah, Chaffetz and Bishop have agreed to co-sponsor HR 1207, while Hatch and Bennett have signed on as cosponsors to S 604. Matheson needs to get on board, since he claims to be financially conservative, or what is called a 'Blue Dog' Democrat.
Watch your back, Mr. Bernanke. The people of the U.S. are tired of Federal Reserve secrecy. They are creeping up on you.
Too bad he's such a weirdo.
the ‘people’ won’t watch the Federal Reserve. Barney Frank will.
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