Oh Lamar
“The audit? It’s a bad idea,” said Tennessee Sen. Lamar Alexander, head of the Republican Conference in the Senate. “It’s a sorry day when the Congress superimposes itself on the Fed, nosing around in monetary policy. It’s bad enough we are nosing around with the car companies.”
No, it’s a sorry day when the guys who represent me don’t care about overseeing my money.
June 21st, 2009 at 12:55 pm
That’s insane. It’s terrible that we turned over control of our currency to a private entity, and worse that Congress has been negligent in even overseeing the Fed. To claim that the Fed should be left unaccountable is insane.
June 21st, 2009 at 4:28 pm
How on earth is Congress — which is mandated by the Constitution to spend money — auditing the agency which spends that money “superimposing” itself?
I would think if there were any duty that Congress should do it would be to find out how the Executive Branch is spending the taxpayer’s dollars.
June 21st, 2009 at 5:34 pm
What the hell has happened to what used to be Lamar Alexander? Did someone clone Arlen Specter and put him in an Alexander skin suit?
I want every nickel accounted for, and if I ran this miserable excuse of an express train to Hell, it would be.
Regards,
Rabbit.
June 21st, 2009 at 8:23 pm
Somebody’s afraid his hand’ll get caught in the till.
June 22nd, 2009 at 12:24 am
“It’s a sorry day when the Congress superimposes itself on the Fed, nosing around in monetary policy.
Oh yea, right. Ben has been under oath testifying how many times so far?
Oh, and any (D) who signed up with the new Obama “transparency” pledge is a hypocrite if they aren’t on board with the audit, but we knew that already.
June 22nd, 2009 at 11:13 am
The “Fed” as in Federal Reserve Bank is not a government agency and is not part of the Executive Branch of Congress. See Lewis v. United States, 680 F.2d 1239; Google
There is no provision for “currency” in the U.S.Constitution: Article 1, Section 8, Clause 5: “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”. Note the operative word is “coin”.
We’d all be better off if they stuck to that; the banks should be free to issue whatever _notes_ they think to be in their best interest. The should _not_ have the government declaring that such notes are “money”.