A Less Than Opaque Look At Mel Watt's Motivations To Kill The "Audit The Fed" Bill

Zero Hedge ^ | 11/02/09

[TigerLikesRooster]

A Less Than Opaque Look At Mel Watt's Motivations To Kill The "Audit The Fed" Bill

/snip

The Tom Woods' congressional testimony last week Friday in favor of the 'Audit the Fed' bill had two very curious turns, he set off extremely hostile questioning from two congressmen, by the hearings Committee Chair Barney Frank and Representative Mel Watt. Every other Congressman that questioned Woods, and Fed General Counsel Alvarez, was seemingly concerned about where the money the Fed is printing is actually going. But not Frank and Watt.

I discussed Frank's hostility, here. Watt was even more hostile. It looked like he was hit by a lightning bolt everytime Woods tried to answer a question that Watt posed. He interrupted Woods everytime, as though Woods was taking food off of his dinner table. But, maybe that's exactly how Watt's saw Woods testimony.

Most of the top industries donating to Watt are major beneficiaries of Fed money printing. His top industry donors are at #1 the commercial bankers industry, at #3 the building trade unions (All that Fed money printing benefited the building trade unions probably more so than anyone else), and at #5 the securities and investment industry. The current #1 corporate donor to Watt is Citigroup Inc.

During 2007-08 his top contributors were:

#1 Bank of America

#2 Wachovia Corp

#3 American Express

#4 American Bankers Assn

[TigerLikesRooster]

Throw this guy out.

[TigerLikesRooster]

Ping!

[STONEWALLS]

“Throw this guy out.”

...can’t get rid of this Yale educated light skinned brotha....he represents the 12th district of NC...a district that was especially created by Dems to include the ‘hoods of 6 different cities....it stretches along I-85 from Charlotte to Winston-Salem and in some places is only 1 mile wide....it is the best example of racial gerry mandering in the United States at this time...look for more districts like this after the 2010 Census if the Dems are still in power....they are little more than racial carve-outs.

[FromLori]

Related

http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno

http://www.economicpolicyjournal.com/2009/11/analyst-calls-for-general-fraud-audit.html

http://www.washingtonsblog.com/2009/11/government-has-broken-social-contract.html

http://www.washingtonsblog.com/2009/10/congressman-watt-guts-audit-fed-bill.html

http://www.freerepublic.com/focus/f-news/2376566/posts

[GraceG]

> Throw this guy out. <

If they Audit the fed they will HAVE to throw him out which is why he is so adamant about NOT wanting them to audit the fed. He would likely go to prison as well.

[Ann Archy]

Mel wsatts is BLACK....he will NEVER...EVER lose his seat!! Blacks obviuously don’t care what crimes their people do as long as they are DEMOCRATS!!

[Achilles Heel]

Me thinks the man doth protest too much...

[benjibrowder]

Corrine Brown’s district is another.

[rlmorel]

I have a rule of thumb.

If Barney Frank wants it, I don’t. And vice versa. It is a flawless approach.

Works in my personal life, works in my professional life, works in my political life, and works in my fiscal life.

And who says the Democrat party can’t make your life easier or more efficient?

[Niteranger68]

Yup...that boy is the epitome of a token.

[lwd]

I live in NC 12 and Watt almost lost in the dem primary about 6-8 years ago but other than that he has always won in a walk. The GOP has run a black female against him the last few elections to no avail. The only way to get rid of him is for Republicans to cross over and vote in the dem primary....then maybe....

[BJClinton]

I just had to see it for myself.