T-P:In an unusual alliance, conservative Sen. David Vitter is teaming with self-described socialist Sen. Bernie Sanders to block a vote on Ben Bernanke's nomination for a second term as chairman of the Federal Reserve.
...
At the very least, Vitter said, the Senate shouldn't vote on Bernanke, who was first appointed by President George W. Bush, until a process is established for audits of the agency.
So Vitty-cent thinks he can team up with some wacky socialist to grandstand against Fed Chairman Ben Bernanke. How dare Sen. Vitter question
Time Magazine's Person of the Year? Vitter suggests that we should
audit the Federal Reserve's books? Really? Do you know how much money that might cost, and how much time that would take? The Fed
cleared a profit last year, so what's the big problem? Who does our junior Senator think he is, anyway?
...
Actually, I agree with Sen. Vitter on this one. Kudos from YRHT to my main
bonhomie Vitty-cent. I think an audit of the Fed would be most... illuminating. And extra special thanks and praise to
Reps. Ron Paul and
Alan Grayson, for getting this effort started.
Labels: Dismal Science, Vitty-cent
5 Comments:
If there was ever a true non-partisan issue...it's this one.
that was my thought ashe and erster.
gives me goose pimples.
wasn't by design but i'll take it.
I agree as well, given what the Fed has done to the economy and the value of the dollar. In my view the U.S. dollar is in a lot of trouble in the long run cuz the govt is now stuck in a situation where it can't remove the stimulus or stop the money printing without severely hurting the economy in the shorter term. So one of the few ways for people to protect themselves from this is to keep adding to gold positions when possible. And I recently came across an article titled "Canadian Gold Stocks Rally as Gold Price Opens 2010 Higher" at http://www.goldalert.com/ which discusses the outlook for several gold-related sectors, including many gold mining companies based in Canada that have benefited and stand to continue to benefit from a rising gold price and a stronger Canadian dollar relative to the U.S. dollar.
Even a broken clock is right twice a day.
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