Tuesday, June 30, 2009

Real life unintended consequences

An interesting article here about Ron Paul's heavily-cosponsored but completely doomed HR1207, calling for an audit of the Fed:
But, a big spike in both Democrat and Republican co-sponsors came in response to the Fed's announcement that they were hiring a lobbyist.

Surely an organization as big as the Fed, whose Chairman testifies regularly before both the House and Senate, already has a small army of legislative liaisons. A lobbyist is something much different; lobbyists come armed with checkbooks.

When an organization that can conjure trillions of dollars out of thin air suddenly sends an emissary to capitol hill with their checkbook, it is wholly unsurprising that a bunch of politicians would suddenly discover their interest in the operations of the Federal Reserve. And, what better way to say, "I would like a big check, please," than by announcing your – for now – support of an audit?


H/T to MamaLiberty

No comments: