Posted on 10/28/2013 9:15:19 AM PDT by Olog-hai
Senator Rand Paul has already threatened to put a hold on the nomination of Janet Yellen, President Obama’s choice to replace Ben Bernanke at the helm of the Federal Reserve. The Kentucky Republican says he is willing to vote in favor of Yellen, but only if he gets a vote on a bi-partisan bill that he’s sponsored to put the Fed under greater congressional oversight and public scrutiny. …
Although Yellen is still expected to win confirmation, the process is now expected to be contentious. Many Republicans, not just Paul, have consistently criticized the central bank’s aggressive monetary policy and secretive behavior. They claim that the Fed is setting the country up for a round of inflation, and fear that the Fed is deliberately fueling the country’s debt. …
(Excerpt) Read more at communities.washingtontimes.com ...
I’m tired of “threats.” Just DO it!
He does not have the votes. Filibuster would fail instantly.
The Kentucky Republican says he is willing to vote in favor of Yellen, but only if he gets a vote on a bi-partisan bill that he’s sponsored to put the Fed under greater congressional oversight and public scrutiny. …
Ain’t empty symbolism just grand!
The Congress shall have Power To....
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Congress has the power to regulate the value of money, but has abrogated this power to the federal reserve. A body it does not oversee, does not appoint its board, appointments that are only approved by one house of congress and a Chairman that only really answers to the President.
And we wonder why the value of the dollar is in the tank.
That’s a surrender of that power to the Executive Branch, thereby.
i think a single senator can put a hold on a nominee until a certain point. so he can do this
Yellen will keep money easy as long as unemployment is high. Which by the law that created the Federal Reserve is what she is supposed to do.
The problem is that nobody other than the Federal Reserve seems unconcerned about unemployment (23% and rising according to shadowstats.com).
They need to restore the import tariffs that they lowered 40 years ago, put Americans back to work, restore American industry, and make us less dependent on foreign countries.
I don’t see how starting a trade war with tariffs will help put Americans back to work. What needs to be done is shed pages of regulations that reach to the moon and back, as well as repeal the highest rates of corporate taxation on the planet.
It will put Americans back to work, because our trade deficit is so high. We will gain many more jobs on the import side than we will lose from exports.
The wage differential between us and countries like China dwarfs the cost of regulations. We could eliminate all regulations and all taxes and we still couldn’t compete with China with workers willing to work 12 hour days for $2/day.
China still has over 200 million people working in the fields for less than $1.5 a day. That means there is no end to the number of workers willing to come in from the fields to take manufacturing jobs. China will continue cannibalizing our industries to develop their own as long as we let them.
What’s more China doesn’t let the funds come back to buy consumer goods. The funds are collected either through taxes or through state owned firms, so that the government controls them. They use those firms not to buy U.S. trade goods, but rather to buy U.S. industries and U.S. debt. We need to stop it.
It will put Americans back to work, because our trade deficit is so high. We will gain many more jobs on the import side than we will lose from exports.
The wage differential between us and countries like China dwarfs the cost of regulations. We could eliminate all regulations and all taxes and we still couldn’t compete with China with workers willing to work 12 hour days for $2/day.
China still has over 200 million people working in the fields for less than $1.5 a day. That means there is no end to the number of workers willing to come in from the fields to take manufacturing jobs. China will continue cannibalizing our industries to develop their own as long as we let them.
What’s more China doesn’t let the funds come back to buy consumer goods. The funds are collected either through taxes or through state owned firms, so that the government controls them. They use those firms not to buy U.S. trade goods, but rather to buy U.S. industries and U.S. debt. We need to stop it.
Yellin should just tell Paul that she is an illegal alien, and, then, he would give her a free pass.
CORRECT!!!
Rand Paul is cornering harry Reid now. Reid has to get 60 votes to overrule Rand’s demand for a vote to audit the Fed. Are there 60 senators willing to go on the record against auditing the Fed?
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