Posts in "H.R. 1207"

By Bonnie Kristian at 5:31PM

May 3, 2010

Admirable Opposition to the Fed from the Left

President Obama is wrong, really wrong, about the Federal Reserve.

Wait, what? This is a publication which, as Lew Rockwell mentioned when linking to this piece, typically supports Obama. Nichols' charge is firm, however, as he argues that "the Obama administration has taken the side of elite and irresponsible Wall Street interests, as well as Fed insiders, to oppose open discussion of what is being done behind closed doors and without congressional consent with taxpayer funds."

Indeed, giving credit where credit is due, the piece explains the cross-partisan support for the Fed audit:

A remarkable left-right congressional coalition - which includes everyone from true-blue progressives like Florida Congressman Alan Grayson to bleed-red conservatives like Texas Congressman Ron Paul -- has formed to demand an end to Fed secrecy.

Tom Delay "danced" around Ron Paul?

tomdelay

From CQ Politics:

Long before he danced with the stars, then-House Majority Leader Tom DeLay two-stepped all over fellow Texas Rep. Ron Paul's hopes of overseeing the Federal Reserve, according to an account provided by House Financial Services Committee Chairman Barney Frank .

I know we love to hate on Barney Frank, but if we are to stay objective, the Democrats seem to have shown Dr. Paul more respect than anyone from the Republican leadership in the past.

In 2003, Ron Paul was in line to be chairman of the Domestic Monetary Policy Subcommittee of this committee. Specifically and solely to frustrate Ron from being the chairman, they merged the Subcommittee on Domestic Monetary Policy with the Subcommittee on International Monetary Policy. Ron Paul then complained to Tom DeLay, and Tom DeLay told [then-Chairman Mike] Oxley [R-Ohio] 'Don't change it' ... [T]wo years later, even though they merged the two subcommittees in the progression, Ron was then again ready to be chairman, this time of the combined one.