Paul presses Warren, Sanders on 'Audit the Fed' bill

[Brian4Liberty]

Paul presses Warren, Sanders on 'Audit the Fed' bill
By Jordain Carney

Sen. Rand Paul (R-Ky.) is challenging Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) to back his legislation to audit the Federal Reserve ahead of a procedural vote Tuesday.

"We've had a lot of Democrats who claim that they're concerned about big banks and big banks controlling things and a revolving door between Wall Street and big banks and the Federal Reserve," he told reporters during a conference call Monday. "We'll see if any of those loud voices — Bernie Sanders, Elizabeth Warren — are they loud voices that really are for more oversight of the banking system?"

Paul's comments come as the Senate is scheduled to take a procedural vote Tuesday afternoon on his legislation, which would subject the central bank to an audit by the Government Accountability Office.

The Kentucky Republican could face an uphill battle to get the 60 votes needed to move the legislation forward.

Paul acknowledged on Monday that he's gotten the "resistance of some establishment Republicans," including Sen. Richard Shelby (R-Ala), who chairs the Senate Banking Committee.

So far the legislation has 24 cosponsors, all Republicans. He'll need at least six Democrats to vote for the bill, if he can get every Republican to support it.

The vote on the proposal will put the spotlight on Paul days ahead of the next Republican presidential debate.
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More: http://thehill.com/blogs/floor-acti...-targets-warren-sanders-on-audit-the-fed-bill

 

[Kade]

This is a good move. I've written to Warren (as a supporter and constituent) recently about the subject and received a letter about her support of efforts to have greater regulatory oversight of the Federal Reserve but concerns about politicization of monetary policy (decisions) if the bill in its' current form is passed.

At least her office got back to me...

 

[mit26chell]

All of these no votes make me so angry. Who are these people working for?!

 

[messana]

Most Republicans supported the bill while most Democrats voted against it. (Bernie voted for it)

Why is this issue so politically polarized?

 

[TheNewYorker]

Most Republicans supported the bill while most Democrats voted against it. (Bernie voted for it)

Why is this issue so politically polarized?

Because actually doing your job in congress doesn't get you votes, but teaming up against the other side (repub vs. dem) like a sports game does

 

[Valli6]

Most Republicans supported the bill while most Democrats voted against it. (Bernie voted for it)

I was watching the vote on C-Span and noticed that Bernie Sanders played that waiting game with his vote.
They kept taking votes and adding them up, but Bernie hung onto his vote until the very end. His was the final vote announced. I suspect that if there had been a total of 59 yes votes before he cast his, he would have switched his vote to "no" so that it wouldn't pass.

I have not forgotten how he ruined Ron's "Audit the Fed" bill!

 

[timosman]

I was watching the vote on C-Span and noticed that Bernie Sanders played that waiting game with his vote.
They kept taking votes and adding them up, but Bernie hung onto his vote until the very end. His was the final vote announced. I suspect that if there had been a total of 59 yes votes before he cast his, he would have switched his vote to "no" so that it wouldn't pass.

I have not forgotten how he ruined Ron's "Audit the Fed" bill!

It sealed the deal for some people. He is a true supporter of liberty now.

 

[TheNewYorker]

It sealed the deal for some people. He is a true supporter of liberty now.

I never said he was a true supporter of liberty... But I will take him over Hillary. I had to deal with Hillary as my senator for a while, I don't want to ever see her again

If she was in the Senate still, you know she wouldn't have voted yes.

We can only speculate that Bernie was going to vote no if there was 59 votes, we don't know that for sure

 

[PCKY]

Most Republicans supported the bill while most Democrats voted against it. (Bernie voted for it)

Why is this issue so politically polarized?

The Senate

 

[squirl22]

Why is this issue so politically polarized?

Because right now the fed policy is making Obama look good....it's all political.

 

[messana]

Because right now the fed policy is making Obama look good....it's all political.

How would a fed audit make Obama look bad?