Ron Paul he does get it, too bad for us that the majority of the Progressive Democrats don’t.
At the very last minute on the floor of the Senate, supposed compromise language was agreed to and substituted in the Sanders Amendment to the Financial Reform Bill. This language was acceptable to the administration, committee leadership, and to the Fed. The trouble is, while it is better than no audit at all, it guts the spirit of a truly meaningful audit of the most crucial transactions of the Fed. In fact, rather than still calling the Sanders Amendment an audit, maybe it should instead be called more of a disclosure at this point.
Just like he said it happened, so the Federal Reserves once again can do as they please without us ever knowing.
The Senate approved an amendment to the Wall Street reform bill Tuesday that would order a one-time audit of the Federal Reserve if the underlying legislation passes.
Remember this folks, come election day!
The Senate rejected an amendment by Sen. David Vitter (R-La.) to use the stricter House language on the Fed in the Senate bill. The vote was 37 to 62.
Of course they wouldn’t, they don’t want to bite the hand that feeds them!
The Senate also voted 43 to 56 to reject an amendment from Sen. John McCain (R-Ariz.) that would have forced the government to end its control of mortgage giants Fannie Mae and Freddie Mac within two years. Dodd’s bill does not address the two government-sponsored enterprises, drawing strong criticism from Republicans who say their risky loans played a major role in the 2008 economic crisis.
Of course Dodd’s bill doesn’t and since he isn’t running for re-election, he might as well do his friends this one last favor!
Social Security, Medicare and the retirement of the baby boom generation wasn’t enough of a burden for the American taxpayer. We will now be paying as well for the generous pensions of Greek bureaucrats retiring in the warm Mediterranean sun at age 55, thanks to the foresighted leadership of our very own international statesman, Barack Obama.
Wake up America, elections have consequence get involved and don’t buy the lies that are thrown out by the corporate news media. Do your homework, check out the candidates for yourselves.
Just last year President Obama proposed, and his overwhelmingly Democrat Congress approved, an additional $100 billion line of credit from the USA to the International Monetary Fund (IMF). On Sunday, the IMF approved a contribution of $40 billion to the Greek bailout, with America voting yes for yet another raid on its own taxpayers.
So you Progressive Democrats still think this guy is working for you? Get real no one gets elected to the highest office in the world unless the “Puppet Masters” control them! So continue believing the lie, it’s always more attractive than the truth! And since you Progressive thrive on lies it will continue to be easy sailing for Obama and the Democrats to usher in their ” Radical Transformation Of America.” Just a few words of caution, be careful what you hope for!
Filed under: 2Small2Succeed Report, Washington Politics | Tagged: 2Small2Succeed:News,Opinion,Commentary, Bernie Sanders, Conservative Blog Network, Dodd, Federal Reserves, McCain, Progressives, Ron Paul, Sanders Amendment to the Financial reform Bill, Too Big To Fail |