Tillis blasts proposal for Fed to play politics to defeat President Trump

Thom Tillis Press Release ^ | August 28, 2019 | Senator Thom Tillis

[Cboldt]

RALEIGH, N.C. - Today, Senator Thom Tillis (R-NC), a member of the Senate Banking Committee, issued the following statement after the former Fed monetary Vice Chairman Bill Dudley proposed that the Fed meddle in the presidential election to defeat President Trump:

I am very disappointed that former Fed monetary Vice Chairman Bill Dudley is lobbying the Fed to use its authority as a political weapon against President Trump. The President is standing up for America against China after 30 years of our country and our workers being ripped off and there is now an effort to get the Fed to try to sabotage the President's efforts. I'll be talking to Chairman Crapo about holding a hearing in the Senate Banking Committee regarding Fed independence and the danger of this institution taking unprecedented and inappropriate steps to meddle in the presidential election."

BACKGROUND

In an op-ed for Bloomberg, Dudley wrote:

"There's even an argument that the election itself falls within the Fed's purview. After all, Trump's reelection arguably presents a threat to the U.S. and global economy, to the Fed's independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020."

[Cboldt]

It is coming into view that the government has rejected the political process. What happens when the people are denied their political power? What happens when the outcome of the vote is not determined by the public, but by the government working in cahoots with the powerful and the media?

What happens when the people realize the ballot box is a charade?

While the DOJ might get a few scalps for lying to the FISA Court, there is no law against the government or the FED meddling in an election. That is not criminal activity. It is use of government to deny the people their voice and power through the political process.

[wastoute]

Closer. It’s getting much closer.

[PeteB570]

Little too late for Tillis.

He does not have my vote in the primary - if he has a challenger.

[Cboldt]

-- Little too late for Tillis. --

I think his outrage is insincere, but it still serves to make the point. The political process is a charade. The legal process is a charade. The government and its institutions are working against the will of the people. We see this in the UK on Brexit, in the US on "Russian collusion," and in the courts.

The political process is pointless. Elected officials are derelict and corrupt. The institutions are rotten, and the government prefers it this way.

[American in Israel]

When the people find the government no longer represents them the choice will naturally shift from ballots to bullets.

Globalism is illegal, to support it is treason, the legal repercussion is death. Death will be the result to either the citizens, or the politicians. But in this struggle, a lot of death will come, one way or another as history indicates.

The Bible indicates that Globalism will come into being to bring the antichrist into power, and that will bring death to the world in unprecedented quantities. It will also destroy the rule of man, foever.

So the stakes are rather high. If America falls, so falls the world. Trump is the only political leader blocking the path of the Globalist hegemony. The deep State is not American, it Satanic Globalism bent on world wide slavery.

[ryderann]

Tillis won’t be getting my vote. I’ve had enough of this skunk.

[Cboldt]

-- So the stakes are rather high. --

Indeed. Good post for persepctive. Globalism is inevitable (I quibble that "illegal" is inappropriate, just because the globalists get to define "legal" and "illegal"), but meanwhile, awaiting the second coming, honorable people should resist enslavement of the gullible.

[canuck_conservative]

If the goal of monetary policy is to achieve the best long-term economic outcome

... then the Federal reserve should actually support Pres. Trump, because China's long-term aim is to defeat the US economy

So, the question now becomes - who's side is the Fed really on??

US or China??

[elpadre]

yes, he did and said some dumb things in the past, but give him credit when credit is due!

[Moonman62]

So, the question now becomes - who’s side is the Fed really on??

...

Academia and the elites.

They take pride in working against economic growth.

[Cboldt]

-- So, the question now becomes - who's side is the Fed really on?? --

The roots of modern globalism go back to the era of the founding of the Fed. Many of the people in our government, notable among them Woodrow Wilson, eye globalism as "the prize," something to strive for.

The Fed is in it for the globalists. It will say whatever it has to, to hold its power.

[Destroyer Sailor]

Yes civil war is not as far off as we think.

[nathanbedford]

The legal process is a charade.

The parallels to James Comey arrogating onto himself the power to break Bureau rules, his personal contract with the Bureau, and, almost certainly, laws because, in his political opinion Donald Trump must be removed, are obvious and are frightening evidence that the breakdown in the rule of law is pervasive.

The idea that the Fed should use its power to politically cripple the president United States is no less chilling than the idea that the FBI should use its power to destroy the president of the United States.

The ends justify the means philosophy has obviously penetrated the very upper echelons of our government. I would also add that the four justices on the Supreme Court of the liberal stripe undergo the same rationalization process: identify the political result desired and work backward toward the ruling and the judgment.

[lodi90]

yes, he did and said some dumb things in the past, but give him credit when credit is due!

---

Credit for what? Running his mouth? Tillis and the GOP Senate have done little of substance to support POTUS the past 3 years.

[Cboldt]

-- The ends justify the means philosophy has obviously penetrated the very upper echelons of our government. --

And the middle ones, and the lower ones, and everything in between.

You note that SCOTUS is outcome driven. I would say that all courts are, or at least ought to be presumed so. Outcome first, rationale after. Precedents can be selected and massaged to justify ANY outcome.

The FBI isn't the only crooked cop outfit in the country. Plenty of state and local constabularies (and courts) play favorites and tinker with election results.

The point Tillis suggests, and the one I am advancing is that the law and institutions are broken in a particular way, and that way is to render the political process pointless.

Looking to the law to fix this is naive. The law cannot fix this. The law is supposed to stay out of politics, but it can't help itself, the temptation is too great. The law has decided that it will substitute itself for the political process - and you can bet it will strenuosly deny that, the same way Comey demands an apology. Phony outrage - and even what little of the outrage is real will not cure the rot.

[Cboldt]

-- Tillis and the GOP Senate have done little of substance to support POTUS the past 3 years. --

The Senate is really dysfunctional. It has advanced the nominations of a number of judges, but Congress as a whole is deelict and irresponsible. When the US collapses, and it will, the lion's share of the blame goes to Congress. It shifts accountability to agencies and courts, and effective disciplines neither. Nothing but windbags.

The Senate Intelligence Committee plays a role in the ongoing coup attempt too. Selling out the country to their own kind, the globalists.

[napscoordinator]

Yes those 100 trump judges he voted for sucks. We have bigger problems then Tillis to hopefully keep the senate. Colorado and Maine. If we lose 4 seats we lose the senate. Not hard with purple states.

[elpadre]

for pointing out what the ex-fed guy was up to - I was not aware

[nathanbedford]

The law cannot fix this. The law is supposed to stay out of politics, but it can't help itself, the temptation is too great. The law has decided that it will substitute itself for the political process - and you can bet it will strenuosly deny that, the same way Comey demands an apology.

One Senator during the Cavanaugh confirmation hearings made a contribution that did not or should not have died with those hearings. Senator Ben Sasse schooled the nation when he unburdened himself of the truth: our confirmation hearings are so controversial because the Supreme Court has moved into a void left by Congress in the application of its Article I duties. Congress simply hands the ball off to the executive branch (read the swamp) or to the Supreme Court to rule and in each instance to substitute the will of the individuals inhabiting these places for the expressed will of the American people speaking through their representatives.

It is inevitable that the Supreme Court strays from interpreting the Constitution to making policy and from making policy to distorting the Constitution.

You are right, the law is a limited instrument one incapable of remedying what is wrong with our politics, although the infusion of conservative judges and justices could go a long way toward reforming the legal process.

As to our dysfunctional political process, Article V has the potential to do much good but that potential is curbed by the difficulty of passing any amendments when only 13 different state legislatures of 99 can torpedo a good as well is a bad amendment. Nevertheless, if procedural amendments having to do with such procedural matters as term limits, balanced-budget amendments etc. could be passed, much of our dysfunction would be ameliorated. Perfection would not be bought, but improvement.

After Trump, the deluge. After Trump, without spiritual reawakening, an inexorable creeping tyranny.

[Cboldt]

Ultimately the relationship of governed to governors is determined by people. No system is immuneo to being corrupted. The law can be a tool for good, or for bad. Same principle with the gun, the battleship, and the pitchfork.

Sometimes the king is good and just. History has many examples of well-run monarchal periods. By well run, I mean good for the people, in every way.

I think the founders did an exceptional job, and sad to say, Franklin - student of history - saw that it's tenure depended on the people keeping it in check.

The US did pretty good until the liberals got a toe hold. Woodrow Wilson is a US figurehead of the modern gloablism movement. Either the people wake up and assert themselves with civil disobience, or the globlaists win.

I believe the Bible. The globalists win. Then they lose.