Senator Rand Paul must be getting too close for comfort - the elites are lashing out. From The Hill:
Fed fires back at Rand Paul
The Federal Reserve is lashing out at Sen. Rand Paul’s plan to give Congress more oversight over the central bank, a proposal that could gain traction in the new Republican-led Congress.
The Kentucky Republican reintroduced his “Audit the Fed” legislation last month with 30 co-sponsors, including other potential 2016 GOP hopefuls, Sens. Ted Cruz (Texas) and Marco Rubio (Fla.).
The proposal — once championed by his father, former Rep. Ron Paul (R-Texas) — would subject the central bank to an audit by the Government Accountability Office (GAO).
A bit more:
“Who in their right mind would ask the Congress of the United States — who can’t cobble together a fiscal policy — to assume control of monetary policy?” Richard Fisher, president of the Federal Reserve Bank of Dallas, said during an interview with The Hill.
Fed Chairwoman Janet Yellen has already vowed to fight the legislation, and President Obama would likely veto it.
Senator Paul is not trying to make changes in the way the Fed operates, he is just asking for an accounting. Show me the money. Nothing more. Why are they so worried? What are they hiding?
This seems to be hitting a nerve as this post has over 3,000 comments
Leave a comment