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(NBC News)   Proof Republicans can do things right: Rand Paul wants a complete Fed audit before approving a new Fed chair. RAND PAUL   (nbcnews.com) divider line 202
    More: Hero, Sen. Rand Paul, Ron Paul, Janet Yellen, CNBC, Chairman of the Federal Reserve, Federal Reserve  
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1610 clicks; posted to Politics » on 25 Oct 2013 at 2:59 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



202 Comments   (+0 »)
   
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2013-10-25 01:48:05 PM  
[facepalm.jpg]
 
2013-10-25 01:48:45 PM  
Uhhh, okay RONPAULmitter
 
2013-10-25 01:51:05 PM  
I guess the Fed Audit fairy will be performing it?
 
2013-10-25 01:53:03 PM  
They already do audit the Fed.
 
2013-10-25 01:54:58 PM  
Why?

Is there a pattern of dangerous policies or corruption or something that requires this "complete audit" thing? Should it be done "just because"? Does the reason have something to do with Bilderburgers or the Council on Foreign Relations or gray aliens or the Protocols of the Elders of Zion?  Or maybe because gold gold GOLD GOLD GOLD GOLD!!?!?!?!?
 
2013-10-25 01:58:57 PM  

phaseolus: Is there a pattern of dangerous policies or corruption or something that requires this "complete audit" thing? Should it be done "just because"? Does the reason have something to do with Bilderburgers or the Council on Foreign Relations or gray aliens or the Protocols of the Elders of Zion? Or maybe because gold gold GOLD GOLD GOLD GOLD!!?!?!?!?


You left out the possibility he wants to do some insider trading, based on knowing what the Fed is currently holding.
 
2013-10-25 02:00:31 PM  

BunkyBrewman: I guess the Fed Audit fairy will be performing it?


The GAO.
 
2013-10-25 02:15:33 PM  

Shostie: BunkyBrewman: I guess the Fed Audit fairy will be performing it?

The GAO.


No, INDEPENDENT review...

So...


Goldman Sachs
 
2013-10-25 02:16:39 PM  
Oh grow up  Subby!
 
2013-10-25 02:22:31 PM  
The party of "No" strikes again.
 
2013-10-25 02:29:13 PM  
What the fark is that going to do, other than waste time?
How does a current audit affect who they're going to hire in the future?
Why doesn't the GOP make a goddamn lick of sense anymore?
 
2013-10-25 02:29:31 PM  

cameroncrazy1984: They already do audit the Fed.


Hmmm. It seems there were limitations placed on the last major Fed audit with the 2011 act. Even so it appears that it uncovered some interesting activity. Bernanke didn't want certain things audited, like lots of things the Fed actually does:

Fed Chairman Ben Bernanke recently told the House Financial Services Committee that he agrees with the "basic premise" that the Fed should be transparent, but raised concerns that Paul's bill doesn't exempt monetary policy and deliberations from its reach.  Not including an exemption on this point could create "a political dampening effect on the Federal Reserve's policy decisions," Bernanke warned.

If my Google-fu is working, this is the text of the proposal. Its interesting to note that Bernie Sanders and Dennis Kucinich were pretty open to this idea as well. This may be an area that the fringe players agree more than the centers.
 
2013-10-25 02:35:57 PM  

Lando Lincoln: What the fark is that going to do, other than waste time?
How does a current audit affect who they're going to hire in the future?
Why doesn't the GOP make a goddamn lick of sense anymore?


Welcome to the Republican party.
 
2013-10-25 02:37:01 PM  
Paul is insisting on a vote on his Fed transparency bill, and has informed Senate leadership of his intentions, the source said.

This is a good reason to shut down everything until Rand gets his way.

Or until someone gives him a binky.
 
2013-10-25 02:37:11 PM  

haemaker: Shostie: BunkyBrewman: I guess the Fed Audit fairy will be performing it?

The GAO.

No, INDEPENDENT review...

So...


Goldman Sachs


That's not even an auditing firm.
 
2013-10-25 02:39:31 PM  

Shostie: haemaker: Shostie: BunkyBrewman: I guess the Fed Audit fairy will be performing it?

The GAO.

No, INDEPENDENT review...

So...


Goldman Sachs

That's not even an auditing firm.


I think the Arthur Andersen people are pretty free these days.
 
2013-10-25 02:40:52 PM  
'I demand a complete, thorough audit of the Fed before I vote on a new Fed chair!'

'But that would take years.'

'So be it!'

Fast forward to January 20, 2017 as a (hypothetical) Republican President is sworn in:

'I demand an immediate vote to confirm our new Fed chair!'
 
2013-10-25 02:44:44 PM  
I don't have any very strong reason to be opposde to an audit of the Fed, but I also don't see what the benefit is. What's the worst case scenario that pessimists expect to find? Also, what does this hav eto do with Yellen? Just approve her then audit the fed. There's no connection.
 
2013-10-25 03:02:31 PM  

DamnYankees: I don't have any very strong reason to be opposde to an audit of the Fed, but I also don't see what the benefit is. What's the worst case scenario that pessimists expect to find? Also, what does this hav eto do with Yellen? Just approve her then audit the fed. There's no connection.


Even if the most noxious shiat is found, what exactly will it change? The only thing safer than the military is the financial overlords.
 
2013-10-25 03:02:45 PM  

phaseolus: Is there a pattern of dangerous policies or corruption or something that requires this "complete audit" thing?


let me tell you about the zionists semicolon
 
2013-10-25 03:03:06 PM  
OH MY GOD THEY'RE PRINTING MONEY
 
2013-10-25 03:04:31 PM  
After the audit, Obama will have to cut down the mightiest tree in the forest... WITH A HERRING!
 
2013-10-25 03:04:44 PM  

Shostie: The GAO.


EDGAR > GAO
 
2013-10-25 03:04:48 PM  
Why, they have to make sure the Fed doesn't run out of money, of course!
 
2013-10-25 03:04:50 PM  

Somacandra: cameroncrazy1984: They already do audit the Fed.

Hmmm. It seems there were limitations placed on the last major Fed audit with the 2011 act. Even so it appears that it uncovered some interesting activity. Bernanke didn't want certain things audited, like lots of things the Fed actually does:

Fed Chairman Ben Bernanke recently told the House Financial Services Committee that he agrees with the "basic premise" that the Fed should be transparent, but raised concerns that Paul's bill doesn't exempt monetary policy and deliberations from its reach.  Not including an exemption on this point could create "a political dampening effect on the Federal Reserve's policy decisions," Bernanke warned.


Well it's supposed to be independent, and not subject to political winds.
 
2013-10-25 03:05:36 PM  
Apparently he thinks our government can still be fixed.  That's hilarious.
 
2013-10-25 03:06:21 PM  

CPennypacker: OH MY GOD THEY'RE PRINTING MONEY


Personally, I refuse to use any money printed after the Reagan era.
 
2013-10-25 03:06:36 PM  
So, this time the blocking of an administration nominee is all about reasons and not all about blocking any and every one at every opportunity just because they can?
 
2013-10-25 03:06:48 PM  

paygun: Apparently he thinks our government can still be fixed.  That's hilarious.


Yeah, that's the thing.
Can the disease be eradicated without killing the patient, that's the question.
 
2013-10-25 03:06:48 PM  
i.imgur.com
 
2013-10-25 03:07:09 PM  

Soup4Bonnie: Paul is insisting on a vote on his Fed transparency bill, and has informed Senate leadership of his intentions, the source said.

This is a good reason to shut down everything until Rand gets his way.

Or until someone gives him a binky.


Whattya think he's been sittin on for the last couple of years?
 
2013-10-25 03:07:20 PM  
i3.kym-cdn.com
 
2013-10-25 03:07:32 PM  
Republican plan for success:

1. Cut governmental revenues peice by peice thus slowly lowering the quality of government increasing debt.
2. Give real and actual concrete evidence for failed programs and exclaim how bad the government is (leaving out the revenue cutting part)
3. Everyone votes Republican
 
2013-10-25 03:09:18 PM  

CPennypacker: OH MY GOD THEY'RE PRINTING MONEY


Relevant side bar:

Consider William Boarman, whom Obama tapped to lead the Government Printing Office in 2010.

Boarman, a former printer, had headed the printing, publishing and media workers section of the Communications Workers of America union when he was nominated. He had advised the White House on choosing the next public printer - as the head of the GPO is known - before they offered him the nomination. He cleared the Senate Rules and Administration Committee unanimously in July 2010.

"I thought it was going to a cakewalk," he said of the confirmation process.

But Boarman's nomination failed to come up for a vote. (Roll Call reported that a senator had placed a hold on it.)

Link

A hold was put on the appointment of the head of the printing office. The goddamn printing office.
 
2013-10-25 03:10:10 PM  

DamnYankees: I don't have any very strong reason to be opposde to an audit of the Fed, but I also don't see what the benefit is. What's the worst case scenario that pessimists expect to find? Also, what does this hav eto do with Yellen? Just approve her then audit the fed. There's no connection.


The problem is that they're philosophically opposed to the idea of central banking and that this is nothing more than a witch hunt turn the Fed into a scapegoat so to push their radical economic policy that includes returning to the gold standard. Everything that the Fed does, which is the whole purpose of a central bank, they'll attack as this huge threat to the American way of life.
 
2013-10-25 03:10:13 PM  
Auditing the Federal Reserve: sensible (in principle at least)
Using it as an excuse to hold up an appointment: pants-on-head potato
 
2013-10-25 03:10:52 PM  
Go ahead dumbass.

I am sure there will no consequences for blocking the first woman from leading the Fed. Voters could simply care less about that in 2014 and 2016.
 
2013-10-25 03:11:09 PM  

RedTank: Republican plan for success:

1. Cut governmental revenues peice by peice thus slowly lowering the quality of government increasing debt.
2. Give real and actual concrete evidence for failed programs and exclaim how bad the government is (leaving out the revenue cutting part)
3. Everyone votes Republican


Did you know Obamacare canceled everyone's insurance, and that no one in the entire country has signed up for it? It's also death paneled 800 million old people.
 
2013-10-25 03:11:11 PM  
I believe that he is looking for the gold plated titanium fake gold bars that everybody knows were substituted for the real deal.
 
2013-10-25 03:11:51 PM  

Dusk-You-n-Me:

A hold was put on the appointment of the head of the printing office. The goddamn printing office.



Don't you know? Government printing is communism.
 
2013-10-25 03:11:54 PM  
someone please post the Jennifer Lawrence Ok, thumbs-up GIF
 
2013-10-25 03:12:08 PM  
Rand Paul Hero

/got stars in his eyes
 
2013-10-25 03:12:49 PM  
Sounds like someone got jealous of all of the attention another fresh-faced Senator was getting so he had to latch on to another Teatard hobby-horse and flog it for all it's worth.
 
2013-10-25 03:13:08 PM  
According to Paul's website, his bill is a version of legislation advocated by his father, the former Texas congressman and presidential candidate Ron Paul.

Nepotism AND obstructionism!
 
2013-10-25 03:13:36 PM  

theorellior: Sounds like someone got jealous of all of the attention another fresh-faced Senator was getting so he had to latch on to another Teatard hobby-horse and flog it for all it's worth.


That ain't no horse.
 
2013-10-25 03:13:52 PM  
Audit away. You won't find evidence of our involvement.
 
2013-10-25 03:14:20 PM  

JohnnyApocalypse: Rand Paul Hero

/got stars in his eyes


That one Paultard! Just blew him away!
 
2013-10-25 03:14:50 PM  

mrshowrules: Jennifer Lawrence Ok, thumbs-up


gifrific.com
 
2013-10-25 03:14:54 PM  
Advise, and consent obstruct
 
2013-10-25 03:15:11 PM  
Republicans can hold up the gears of government because Democrats let them.  This pseudo-fillibuster stuff, cloture-vote stuff, anonymous hold stuff...  most of it could be abolished by the rules committee, yet Reid et al fail to do it.

Look at what the GOP did sub rosa in the House to make sure only what they wanted to get to the floor got there, plus their insipid intra-party tricks designed to throttle debate, like the Hastert Rule (not a real 'rule', understood).

The GOP is utterly at fault here.  But the Donkeys let them.
 
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