07.08
I guess it was too much to ask for an easy one on this count. It looks like Ben Nelson, who as I understand it actually claimed to be for the Fed Audit a few weeks ago, used a senate rule to block it being added onto an appropriations bill. Here’s how Colin over at Zeal for the Truth writes it up:
This first one is of Senator Jim DeMint (R) attempting to get a vote on S 604, the Senate companion to Ron Paul’s HR 1207 bill auditing the Federal Reserve. DeMint outlines why the bill is important, highlights its bipartisan support and explains why the American people are interested in an audit of the Federal Reserve…
At this point, Senator Ben Nelson (who suddenly has an interest in helping out Ben Bernanke and Co.) recites with an almost practised clarity that the amendment violates “Rule 16? – a rule that attempts to prevent legislation being attached to an appropriations bill. The Senate president hastily agreed and shot the bill down in one sentence.
I guess this is gonna be as hard a fight as I figured it would be at first. It’s too much to expect this thing to sail through the Senate. Too many senators are linked in too many ways to what the Fed is doing. There are interested parties in the Senate that would rather die than see the Fed’s books opened up to the public for all to see. The only hope that a bill like this has of seeing the light of day is if there are enough senators that fear that the Fed has grown too powerful. Something like this happened back during Reconstruction with the Freedmen’s Bureau. It grew so powerful that Congress finally had to squash it to keep it from rolling over the legislature itself. If I still believed it would do any good, I would say that it’s time to start writing your congressmen letters. But that didn’t help defeat the stimulus or the cap and tax bill, so who knows. Guess it’s all just soap opera now.
Here is the full video he references. Please take the time to watch it. DeMint lays out the reasons we need to audit the Fed very well:
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