Posted on 09/06/2009 12:41:00 PM PDT by Clintonfatigued
Over the last few months, there has been a growing movement to bring transparency and new levels of accountability to the US Federal Reserve. Congressman Ron Paul has been leading the fight in the House of Representatives. There’s no champion fighting in the US Senate to bring accountability to the Federal Reserve, but that might change if one Kentucky senatorial candidate gets elected.
Currently in the U.S. Senate, there’s a piece of legislation similar to Ron Paul’s H.R. 1207 which would bring new levels of accountability to the Federal Reserve by allowing the GAO to audit the Fed. The legislation, S.604: The Federal Reserve Sunshine Act of 2009, introduced by Bernie Sanders of Vermont, currently has 23 cosponsors. Unfortunately, the legislation is currently sitting in committee and hasn’t gained much momentum.
This could all change if Randal (Rand) Paul an American eye-surgeon, political activist and son of Ron Paul, gets elected in his bid for one of Kentucky’s two slots for the senate. After embattled Republican Senator Jim Bunning announced he would not be running for re-election, Rand Paul threw his name into the ring and has raised $815,000 for his campaign. His competitor in the Republican primary is Terry Grayson, who is currently Kentucky’s Secretary of State.
Rand Paul has long been a critic of the U.S. Federal Reserve and has vowed to “shed light on this secretive organization” if he gets elected. Rand Paul is a supporter of H.R. 1207 and S.604 and says that these two piece of legislation will “make it possible to audit an institution that has created trillions of new dollars in the past few months.” Paul also stated, “The American people have a right to know to whom this money was given.
(Excerpt) Read more at americanbankingnews.com ...
We need some Republicans with libertarian perspective in Congress.
Let’s hope he makes it to the Senate in the 1st place...but there are a lot of Paul-Haters & Neocons that are as bitterly opposed to seeing that happen as the Dims are.
Or better yet, Libertarians period. The Era of Big Government would REALLY be over!
If not moreso. I’ve never seen such irrational. foaming at the mouth hatred from some Republicans in all my life. You’d think Ron Paul ran over their puppies or something.
Kinda reminds you of Rev. Wright or Van Jones, doesn't it? Like they say, birds of a feather....
They’re too busy cowering in the corner, afraid that they’ll lose their communist drinking buddies if they vote for ‘smaller government’.
The Neos and RINOs don’t want their shell game upset. It’s like an Old West card game. Sure, the two players will shoot at each other at the first chance, but god help anybody who tries to expose their cheating. The Neos want their big government foreign policy and domestic policy state, but also want to claim to be for smaller government.
I agree.
But it’s probably best to go with the stronger Grayson.
You’re right on that one. I do support Grayson, but if Rand Paul wins the primary, he deserves full Republican support.
This race is getting attention.
He would get my support if he wins the primary. In such an instance I hope freepers would put aside their feelings about his father and elect someone who agrees with them on 90%+ of the issues.
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