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Romney supports audit of the Federal Reserve

Discussion in 'Political Discussion' started by patsfan13, Aug 20, 2012.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Romney is providing some pleasant surprises so far.

    Romney supports audit of the Federal Reserve - Washington Times


     
  2. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    Political dog and pony show that won't go anywhere. I've been following the Ron Paul part of this for a while ... the bill has no teeth. The fed already coughs up reports to Congress. Word has it the Senate will not go along and so far it has not. So it makes congress look good ... a good show.

    The only way to get it through the democratic senate is to attach it to another bill. The GAO and an independent firm already audit the fed's financials. Paul's bill would expose the behind the doors policy decisions which the fed is loathe to reveal.

    The fed does not want politics to enter into it's decisions. They feel that would alter their decisions for the worse. They want to make decisions based on what they think is best for the economy. Hard to see where politics does not enter into this though ... so I'm 50/50 on the excuse bad/good.
     
    Last edited: Aug 20, 2012
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well if the same party controlled the congress senate and executive, with the President supporting the audit it would happen.
     
  4. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    That's a lot of "ifs".
     
    Last edited: Aug 20, 2012
  5. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    Sounds good PF13 but then again the 2 times we have had that in recent years both times they took advantage of things and dropped the ball. The GOP had it with their contract with America and Reid/Pelosi had it for 2 years and used it to write bills and policy behind closed doors without deliberation.
    I don't trust that setup ever again ... just me being me.
     

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