Ron Paul Says It’s NOT Too Late To Call Your Senator; Sanders Wimps Out; Paul Backs the Vitter amendment
by ilene - May 11th, 2010 2:55 pm
Ron Paul Says It’s NOT Too Late To Call Your Senator; Sanders Wimps Out; Paul Backs the Vitter amendment
Courtesy of Mish
The New American says $Trillion Bailout of Euro, Greece Shows Need to Audit the Fed
The timing of the sellout by Senator Bernie Sanders (I-Vt.) last Thursday, May 6, on legislation to audit the Federal Reserve could not have been more auspicious — or more suspicious. After pledging for months that he was going to offer an amendment in the Senate identical to "Audit the Fed" legislation in the House (H.R. 1207) authored by Congressman Ron Paul (R-Texas), Sanders caved in to pressures from the Obama administration and the Federal Reserve.
In a last-minute switch, Sanders agreed to substitute a watered-down version of the audit as an amendment to financial reform legislation sponsored by Senate Banking Committee Chairman Christopher Dodd (D-Conn.).
The new Sanders amendment would provide the administration, the Fed, and Members of Congress with a certain level of cover, allowing them to claim that they had supported auditing the Fed, while at the same time allowing the Fed to continue most of its operations in secret, beyond the scrutiny of Congress and the public. The effort to push the Sanders amendment through on a rush vote on May 6 failed thanks to the efforts of Senator David Vitter (R-La.), a fierce Fed critic, who insisted on a side-by-side vote of the Sanders sellout amendment with the original audit amendment.
With the vote in the Senate possibly coming as soon as Tuesday, May 12, champions of genuine transparency are urging an all-out push to flood the Senate with emails, calls, and faxes to oppose the Sanders sellout amendment and support the Vitter amendment.
It’s Not Too Late To Call
Ron Paul says It’s NOT Too Late To Call Your Senator And Demand a Thorough Fed Audit.
Senator Offers Grayson/Paul Audit the Fed Amendment as Stand-Alone Amendment
The Daily Paul reports Sen. Vitter to Offer Grayson/Paul Audit the Fed Amendment as Stand-Alone Amendment
While some are celebrating the Sanders’ Audit the Fed compromise as a victory, Ron Paul isn’t one of them. And according to the Matt Hawes of the Campaign for Liberty, David Vitter will be offering up the original Grayson-Paul amendment as a stand-alone amendment.
Although Ron Paul called Bernie Sanders and asked him to offer the bill in the Senate