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Blanks

(4,835 posts)

40. It isn't that the FED shouldn't have oversight...

Thu Jul 26, 2012, 09:19 AM

Jul 2012

...it is that Ron Paul blames inflation, the deficit, the recession and the drought on the FED.

All the Ron Paul supporters think he has the solution. His solution: abolish the FED, abolish the EPA, abolish the Department of Education, abolish FEMA. Notice a pattern?

When something isn't perfect; you work to perfect it. You don't threaten to abolish things just because it makes you look tough.

We've had more economic stability since the creation of the FED than we had before the creation of the FED.

If we need to abolish anything it is Ron Paul's moronic rhetoric. The banking crisis was brought on by 8 years of presidential ineptitude. The FED is partly to blame, but the real blame lies with Ron Paul's party.

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Harry Reid wisely dumps Ron Paul's ridiculous Audit the Fed bill [View all] banned from Kos Jul 2012 OP

And we all know what the Fed does, anyway MannyGoldstein Jul 2012 #1

You're mistaken. But I have learned that trying to explain the Fed to bank griefers banned from Kos Jul 2012 #3

Good point. I really am pretty stupid. MannyGoldstein Jul 2012 #10

The Fed LOANS to bankers so technically you are correct when you say banned from Kos Jul 2012 #11

Does it loan against garbage assets, 100 cents on MannyGoldstein Jul 2012 #22

How have the taxpayers profited so far? n/t R. Daneel Olivaw Jul 2012 #26

Ah the Fed. And only you understand. A private company that has the power to use our treasury to rhett o rick Jul 2012 #31

Oh, I don't think they limit themselves to mere human possibility.. Fumesucker Jul 2012 #8

Way to compeletely ignore history! NashvilleLefty Jul 2012 #59

That was Volcker's fed MannyGoldstein Jul 2012 #60

So, they've been audited already? Baggers still fighting the 16th Amendment? freshwest Jul 2012 #2

Here is a pdf of their latest audit - if you need a sleeping aid it works well banned from Kos Jul 2012 #5

I downloaded it. I hope it puts me under. I get tired of the gotcha's from people about this who freshwest Jul 2012 #7

Read this from Bernie Sanders... PoliticAverse Jul 2012 #14

Thank you /nt think Jul 2012 #17

I have read it. Is this the same bill? freshwest Jul 2012 #21

That was from a previous full GAO audit done due Sanders adding text to a bill PoliticAverse Jul 2012 #23

Okay, yeah, that was news to me when I read that there. Kinda took the wind outta the sails... freshwest Jul 2012 #25

So Bernie referes to the audit as the "First" top to bottom audit of the Federal Reserve.... midnight Jul 2012 #34

Not COMPLETELY audited... liberallibral Jul 2012 #18

That would bring the foreign aspect into it.. And there goes Romney borrowing money abroad... Making freshwest Jul 2012 #24

Welcome to DU!!! gopiscrap Jul 2012 #36

Thanks! liberallibral Jul 2012 #41

This message was self-deleted by its author Paulie Jul 2012 #39

Really? Deadunikorns Jul 2012 #62

EDIT: Typo, should have been 16th, not 18th Amendment freshwest Jul 2012 #63

Hmm... this should be good BumRushDaShow Jul 2012 #4

Meanwhile, STILL no job bill... GoCubsGo Jul 2012 #6

Sounds good to me. Wonder if his cultists feel betrayed since grandpa decided to not speak in Tampa? freshwest Jul 2012 #9

I'll take your word for it. I'd rather move into the business of auditing corporations. nt Comrade_McKenzie Jul 2012 #12

If the GAO truly audits the fed annually why would people object to this bill, PoliticAverse Jul 2012 #13

Post removed Post removed Jul 2012 #15

Except that was 1995, 17 years ago. Why change his mind now? freshwest Jul 2012 #20

Over 5000 comments on the EmeraldCityGrl Jul 2012 #16

By all means - lets not EVER let the public know what they did with taxpayer money Ruby the Liberal Jul 2012 #19

The Fed returned $77 billion to taxpayers last year. tritsofme Jul 2012 #29

Ron Paul is always whining about the FED... Blanks Jul 2012 #27

There are Paulbots who are just enthralled over his Fed position Kennah Jul 2012 #35

How about Bernie Sanders and Alan Grayson, are they 'always whining also'? sabrina 1 Jul 2012 #37

It isn't that the FED shouldn't have oversight... Blanks Jul 2012 #40

Forget about Ron Paul. I asked about Sanders and Grayson. And this bill passed sabrina 1 Jul 2012 #45

The thread title has Ron Paul in it. Blanks Jul 2012 #47

Of course the OP only mentioned Ron Paul. sabrina 1 Jul 2012 #48

I wasn't aware that you were the research hall monitor. Blanks Jul 2012 #52

Put it this way, I have never met anyone on DU who does not know who Bernie Sanders is sabrina 1 Jul 2012 #54

Just because I don't accept your homework assignments... Blanks Jul 2012 #58

We understand your dislike of Paul, but was this a bad bill? nm rhett o rick Jul 2012 #50

I'll admit I don't know anything about the bill. Blanks Jul 2012 #53

What are they hiding? The Senate Dems are to close to the big banks to regulate them properly. limpyhobbler Jul 2012 #28

Given the maturity and wisdom with which Congress has addressed fiscal and budgetary questions, Nye Bevan Jul 2012 #30

I think the GOP would be happy with the Pres Obama appointees. nm rhett o rick Jul 2012 #32

So you are saying that no one should oversee the Fed? Bullshit. Just because Ron Paul said rhett o rick Jul 2012 #33

Why do you think he left out all the other people who said it? sabrina 1 Jul 2012 #55

Hi Sabrina. I hate to think why. nm rhett o rick Jul 2012 #61

Logic is irrelevant to many. Bonobo Jul 2012 #65

Of course he does. Every fucking day woo me with science Jul 2012 #38

Harry Reid Ian62 Jul 2012 #42

The Libertarians are always spewing anti-Semitic paranoid tin-foil BS about the Fed. Odin2005 Jul 2012 #43

The Federal Reserve Ian62 Jul 2012 #44

That's like saying NASA is privately owned. Odin2005 Jul 2012 #46

Bernie Sanders and Grayson are tin foil CTs now too? sabrina 1 Jul 2012 #49

Bernie got his piece of the "audit" in Dodd Frank where they revealed all the banned from Kos Jul 2012 #51

The Paulbots are against any central bank. Odin2005 Jul 2012 #56

'fun posters'. You mean not easily manipulated so more of a challenge, than say, sabrina 1 Jul 2012 #57

They should handle the Fed the same way they handle any other issue... hughee99 Jul 2012 #64