Help Pass Ron Paul's Signature Legislation - Audit the Fed JULY 24!! Go into RNC w/ this!

Four new co-sponsors to HR 459 yesterday:

Rep Sessions, Pete [TX-32] - 6/26/2012
Rep Aderholt, Robert B. [AL-4] - 6/26/2012
Rep Renacci, James B. [OH-16] - 6/26/2012
Rep Reyes, Silvestre [TX-16] - 6/26/2012
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HR 459 now has 255 cosponsors.
 
It appears that both Issa's and Cummings 2nd amendment passed (Cummings 2nd amendment authorizes more audits accoring to DP). Issa's will extend the audit to after Ron Paul leaves congress...wow
 
Called Congresswoman Hayworth's office a few minutes ago. Told the kid that she's been ignoring my emails and now that the bill has passed committee, it's time for a co-sponsorship. All hands on deck.
 
Just got a letter from one of my senators in the mail today. The other one is co-sponsoring the bill so I'm not worried about him. This letter is ridiculous. It reminds me why people hate politicians. He starts out by "explaining" to me that the Fed is already audited annually by an outside auditor. True, but not what this bill is about and he knows it! He kindly underlined this sentence so as to like help me understand and stuff. After lots of circular logic and alot of BS he concludes that it is in everybody's best interests to NOT fully audit the fed. He speaks of the fed's activities that are presently and conveniently excluded in what I call the pseudo audit gift wrapped to Congress every year and why these "exclusions" are necessary. His reason? Brace yourself. I'll quote. "Those activities are excluded in order to preserve the independence and efficacy of the Federal Reserve's monetary policy decisions.The exclusion is intended to keep politicians from undermining the Fed's independence and injecting political consideration in to the conduct of monetary policy - something that could lead to rampant inflation." What a tool. :eek:
 
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Response from Ron Johnson:

Dear Joseph,



Thank you for taking the time to write me regarding the Federal Reserve.



The Federal Reserve is the central banking system of the United States. It is responsible for conducting the country's monetary policy by influencing credit conditions. It also protects the stability of our financial system by regulating banks and financial institutions. Its primary mandate should be to maintain the stable value of the U.S. dollar.



Congress made a mistake when it gave the Federal Reserve the dual mandate of fostering full employment and controlling inflation/deflation. Robust economic activity provides full employment and is influenced more by spending, tax, and regulatory policies than by monetary policy. Job creation is primarily a function of the private sector and the less the government interferes, the better. The Federal Reserve's attempts to manipulate the free market to achieve full employment has instead devalued the dollar and created moral hazard. I will support efforts to limit the Federal Reserve's mandate to maintaining a stable currency.


Because of its status as an independent agency, much of the Federal Reserve's actions are secret and not subject to scrutiny. It is important the agency maintains its independence so that its actions are not influenced by political considerations. However, regular audits of the Federal Reserve's operations and balance sheet should be conducted to ensure accountability for prior actions. It is not healthy for any organization to be free from accountability. Determining an optimum time interval between action and audit for the Federal Reserve will be key in striking the delicate balance between independence and accountability. I will support efforts to find that balance.


Thank you again for taking the time to share your thoughts. It is important for me to hear the views and concerns of the people I serve. Since taking office, I have received over 500,000 pieces of correspondence and have had over 200,000 participants in live forums and telephone town hall meetings. Please feel free to contact me in the future if I can further assist you or your family. It is an honor representing you and the good people of Wisconsin in the U.S. Senate.




Sincerely,


Ron Johnson
United States Senator
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Some good stuff in there, but I'm not sure what he means here:

...It is not healthy for any organization to be free from accountability. Determining an optimum time interval between action and audit for the Federal Reserve will be key in striking the delicate balance between independence and accountability. I will support efforts to find that balance...
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Not supporting it? Going to propose amendments?
 
P3ter_Griffin said:
Some good stuff in there, but I'm not sure what he means here:

Not supporting it? Going to propose amendments?
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Well Ron Paul supported a six month delay from the time of audit and the time the information is released. Senator Johnson sounds like he wants a delay between action and the time an audit is conducted. That is different than what Ron Paul supports.
 
tsai3904 said:
Well Ron Paul supported a six month delay from the time of audit and the time the information is released. Senator Johnson sounds like he wants a delay between action and the time an audit is conducted. That is different than what Ron Paul supports.
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Thank you for clarifying.

I wonder why he would want a delay? I can only think of two distinct reasons. That he wants to give them time to trim down their balance sheet, or that he finds it important and thinks pushing back the audit till after the elections (speculation) to prove it not to be just another attack on Obama would garner some support. Is an audit in 2013 as good as an audit in 2012?
 
The government has recently for whatever reason changed my towns congressional district so I have gone ahead and contacted by new congressman Hank Johnson. I will post it here if I get a response.
 
Six new cosponsors to HR 459 yesterday:

Rep Doggett, Lloyd [TX-25] - 6/27/2012
Rep Buerkle, Ann Marie [NY-25] - 6/27/2012
Rep Braley, Bruce L. [IA-1] - 6/27/2012
Rep Pitts, Joseph R. [PA-16] - 6/27/2012
Rep Olson, Pete [TX-22] - 6/27/2012
Rep Sherman, Brad [CA-27] - 6/27/2012
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HR 459 now has 261 cosponsors.
 
We really need over 290 to get a 2/3 majority in case Obama decides to veto. (Which my gut tells me he will, I don't trust him at all)
 
I feel like this should be 100% of our focus right now. With the primaries over and the convention not until August. We really need to push this into the center stage. Everyone contact their Senators and Representatives NOW!
 
squirekyle said:
I feel like this should be 100% of our focus right now. With the primaries over and the convention not until August. We really need to push this into the center stage. Everyone contact their Senators and Representatives NOW!
Click to expand...

Luckily, my Congressman is a co-sponsor. I called his office today to let him know that I support this bill and hoped that he would vote for it when it comes to a vote this month. I also called 2 Congresspeople in Colorado who are NOT co-sponsors, urging them to become co-sponsors and to vote for the bill when it comes to a vote this month.

When I talked to one of the office aides, I said "...bill HR 459..." and she said "Oh, the Audit the Fed bill". I asked if she had gotten many calls about it, and she said that they had heard from quite a few people.

Keep it up!
 
Monotaur said:
Luckily, my Congressman is a co-sponsor. I called his office today to let him know that I support this bill and hoped that he would vote for it when it comes to a vote this month. I also called 2 Congresspeople in Colorado who are NOT co-sponsors, urging them to become co-sponsors and to vote for the bill when it comes to a vote this month.

When I talked to one of the office aides, I said "...bill HR 459..." and she said "Oh, the Audit the Fed bill". I asked if she had gotten many calls about it, and she said that they had heard from quite a few people.

Keep it up!
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DID YOU HEAR THAT!?!?!?!! GREAT WORK GUYS! LET'S MOVE!
 
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