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Which party supports auditing of the Fed?

Posted by Arkady K. On 11/20/2009

After yesterday's passing of the Paul/Grayson amendment and the fledgling optimism beginning to dissapate, some questions have arisen as to which party supports the auditing of the Fed.  The amendment passed in a bi-partisan fashion, however the list of those voting NO is quite telling.  I have prepared the list with party denomination for your viewing pleasure.

The list of those voting NO on the Paul/Grayon amendment:

(D) CA-35 Rep. Maxine Waters
(R) CA-42 Rep. Gary G. Miller
(D) CA-43 Rep. Joe Baca
(D) CT-04 Rep. Jim Himes
(D) FL-22 Rep. Ron Klein
(D) IL-04 Rep. Luis V. Gutierrez
(D) IL-08 Rep. Melissa L. Bean
(D) IL-14 Rep. Bill Foster
(D) IN-02 Rep. Joe Donnelly
(D) IN-07 Rep. Andre Carson
(D) KS-03 Rep. Dennis Moore
(D) MA-04 Rep. Barney Frank
(D) MA-08 Rep. Michael E. Capuano
(D) MA-09 Rep. Stephen F. Lynch
(D) MN-05 Rep. Keith Ellison
(D) MO-05 Rep. Emanuel Cleaver
(D) NC-12 Rep. Melvin L. Watt
(D) NC-13 Rep. Brad Miller
(D) NY-05 Rep. Gary L. Ackerman
(D) NY-06 Rep. Gregory W. Meeks
(D) NY-14 Rep. Carolyn B. Maloney
(D) OH-06 Rep. Charles Wilson
(D) OH-15 Rep. Mary Jo Kilroy
(D) TX-09 Rep. Al Green
(D) WI-04 Rep. Gwen Moore
(R) WV-02 Rep. Shelley Moore Capito

That is odd.  Of the 23 people objecting to a Fed audit, 21 are Democrats while only 2 are Republicans.  Why is this odd?  Because Democrats are often the ones leading the charge against corporations and enterprises large enough to compromise the American taxpayer.  At the same time, Republicans are usually corporatist thugs more occupied with preserving their special interests, yet in this particular instance the divide is painfully obvious. 

While both parties are painfully misguided as to the dangers the Federal Reserve presents this country and the incessant flow of cheap money, some brave individuals (Grayon, Paul & those that voted YES) do get it or at the very least are uncomfortable with secrecy the Fed maintains. 

To all those reading this, seriously ask yourself about the integrity of the politicians and the Party you support and whether we need to seriously and fudamentally change course in this country.

Exit question:  Alan Grayson has been an outspoken critic of Republicans and their position on health care while advocating ObamaCare.  Does he not realize that by supporting legislation that could compromise the Fed's ability to monetize further debt?  Without the printing press Congress will have to suddenly make-as-they-spend thus contradicting ObamaCare and other entitlement programs?
"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” - M. Rothbard