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Thread: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    This has every potential to become a political witch hunt. Dig in the books, cook them to fade any wrong doing of one party and highlight any wrong doing of the other party. No wonder Barney wants to do it.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by apdst View Post
    This has every potential to become a political witch hunt. Dig in the books, cook them to fade any wrong doing of one party and highlight any wrong doing of the other party. No wonder Barney wants to do it.
    He is balanced out on the other side by Ron Paul, who would not let him get away with it. This will be an honest audit, with both Democrats and Republicans keeping each other honest. No conspiracy theories here.
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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    isnt there a conspiracy theory that JFK was assassinated for '****in' with da Fed?'

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    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by danarhea View Post
    He is balanced out on the other side by Ron Paul, who would not let him get away with it. This will be an honest audit, with both Democrats and Republicans keeping each other honest. No conspiracy theories here.
    When do these political investigations over nothing EVER involve the two parties keeping each other honest? More often than not, "keeping each other honest" usually involves one party politicizing something stupid, and the other side retaliating by politicizing something even more stupid.

    A perfect example of this was the release of CIA documents, which was supposed to be a way to keep our government honest, and turned into a partisan bitch-fest with Democrats calling for investigations into the Bush Administration and Dick Cheney claiming that Obama is making our country less safe.
    Last edited by Kandahar; 08-31-09 at 03:07 AM.
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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Kandahar View Post
    Monetary policy is different than many other issues, in that the average person (even the average well-educated person) has absolutely no idea what they are talking about.
    I agree, but what does that have to do with an audit?

    That includes congresspeople. It takes years of studying economics to really get a grip on monetary policy.
    We have specialized committees to deal with that. This one, for instance:

    [ame=http://en.wikipedia.org/wiki/House_Banking_Committee]United States House Committee on Financial Services - Wikipedia, the free encyclopedia[/ame]

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by apdst View Post
    This has every potential to become a political witch hunt. Dig in the books, cook them to fade any wrong doing of one party and highlight any wrong doing of the other party.
    Huh?

    How are members of Congress going to cook the Fed's books?

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Redress View Post
    This is a Ron Paul idea, which should tell you it is nutty and not real bright.
    Most of the time I'd be with you. 99% of what Ron Paul says I perceive as crazy. However, this audit needs to be done. I don't see any harm that could come out of a simple check-up - after all, if they have nothing to hide, what harm would it do to simply find that out?

    The Fed has simply become too powerful; it needs to be checked.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by Kandahar View Post
    Monetary policy is different than many other issues, in that the average person (even the average well-educated person) has absolutely no idea what they are talking about.
    Based on recent performance, do you think they know what the hell they are doing?


    That includes congresspeople. It takes years of studying economics to really get a grip on monetary policy.
    That same thing can be said about many areas; military strategy, healthcare, energy policy, ...

    Should there be specialist rulers set up in all areas where the subject matter is not widely understood? I don't think that is necessarily a bad idea for the USA, as relying on the idiots the good citizens elect has not worked out too well of late.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by danarhea View Post
    He is balanced out on the other side by Ron Paul, who would not let him get away with it. This will be an honest audit, with both Democrats and Republicans keeping each other honest. No conspiracy theories here.
    Ron Paul may not have enough stroke to prevent anythng, if the audit is run by the Dems. The Dems can do it their way, or can the whole idea. I mean, what are the Reps going to do, vote it down?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Rep. Frank: House will pass Ron Paulís Ďaudit the Fedí bill this year

    Quote Originally Posted by TOJ View Post
    Based on recent performance, do you think they know what the hell they are doing?
    Yes, the Fed has done an outstanding job recently. I am truly impressed by Bernanke's performance.

    Quote Originally Posted by TOJ
    That same thing can be said about many areas; military strategy, healthcare, energy policy, ...
    Military tactics (not strategy) are another area that I agree should not be politicized.

    Military strategy, health care, and energy policy are areas that can at least affect people's day-to-day lives, which makes them at least marginally qualified to offer an opinion on them.

    Quote Originally Posted by TOJ
    Should there be specialist rulers set up in all areas where the subject matter is not widely understood?
    Yes.
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