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Audit the fed bill: U.S. House passes measure that would open Fed policy to scrutiny

Originally published: July 26, 2012 8:28 AM
Updated: July 26, 2012 8:50 AM
By REUTERS

Legislation to subject the Federal Reserve's monetary policy to audits sailed through the U.S. House of Representatives on Wednesday although the measure is expected to die in the Democrat-controlled Senate. The legislation, written by Republican representative Ron Paul, whose anti-Fed crusade prompted a presidential bid and his grass-roots folk-hero status, passed the House by a 327-98 vote on Wednesday, exceeding the two-thirds majority needed. Eighty-nine Democrats joined 238 Republicans to approve it.

Fed officials have long fought the audit bill, arguing it would compromise their independence. Chairman Ben Bernanke told House lawmakers last week it would open the door to a "nightmare scenario" of political meddling in monetary policy decisions.

The vote showed bipartisan support in the House for greater scrutiny of the U.S. central bank's powers which, were expanded to help it tackle the financial crisis.
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Ron Paul’s Fed Audit Legislation Passed By House Oversight Committee

A U.S. House committee approved legislation introduced by Representative Ron Paul that would subject the Federal Reserve to an audit of its activities, including monetary policy decisions.

The House Oversight and Government Reform Committee in Washington approved the bill today in a voice vote. The bill now advances to consideration in the full House.
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EPIC: NEW RON PAUL AD DESTROYS THE ENTIRE ESTABLISHMENT

The One Hundred Million Dollar Penny

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I think this is by far the best Ron Paul political ad I have seen to date. Enjoy boys and girls -Blogging4Bullion

The Fix Is In Once Again: Mainstream Media Snubs Ron Paul

Congressman Ron Paul again was the victim of what appears to be the intentional restriction of airtime for certain candidates during last nights Republican debate. That's right, CBS news awarded Ron Paul a whopping 89 seconds of speaking time during the course of the night. It is plainly clear that the media blatantly attempts to steer the viewing public to candidates of their choice. Below is a video of what Ron Paul had to say in South Carolina. -Blogging4Bullion

11/9/2011 Ron Paul CNBC GOP Debate Highlights

Ron Paul did a heck of a job at the recent GOP debates. He was on point and did an outstanding job responding to the mediators. As well, the audience just couldn't seem to hold back from the clapping. I really wish the mainstream media would give this guy some more coverage. -Blogging4Bullion

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