Politics
Out of context: Reply #12954
- Started
- Last post
- 33,770 Responses
- ukit0
^ blitznutty, I have no doubt Ron Paul (along with Grayson and some others) sincerely believe in permanently auditing the Fed, but if you think all Republicans want that you are smoking the crack pipe.
What they actually did was use a legislative trick - they brought a bill to the floor that required Democrats to start over on negotiations on the finance bill once it was already finished, as well as kill the parts of the bill, opposed by Wall Street, regulating derivative transactions. So they bundled that with Paul's amendment, hmmm, I wonder why "all" Republicans voted for it suddenly and so many of the Dems swapped sides.
Keep in mind, the bill DOES include a provision for auditing the Fed, introduced by Bernie Sanders in the Senate, that audits the Fed's actions during the financial crisis. Paul and Grayson's version would have made every interest rate change by the Fed permanently subject to Congressional overview. The Sanders version was approved 96-0, meaning every single Senate Republican and Democrat voted for it.
Does that mean House Republicans are 100% for permanent Congressional oversight while Senate Republicans are 100% against it? I find that hard to believe. Instead, what you got here is a classic political ploy - insert a provision that is easy to demagogue into a bill you know will fail so you can score points off it. Net result: Alex Jones writes a story on his website about how Republicans want to audit the Fed, people read it, people go out and vote Republican in the fall having convinced themselves McConnell and Boehner are now completely different from the corrupt Wall Street lapdogs they were during the Bush years. Republican-controlled House proceeds to weaken financial regulations, someone on Wall Street pops a bottle of champagne.
- Your facts don't matter to the Republican narrative the press will reportTheBlueOne