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| Topic: Ben Bernanke's nomination as Federal Reserve Chairman. | |
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December 16, 2009
Dear C4L Member, Early tomorrow, the Senate Banking Committee is expected to vote on Ben Bernanke's nomination to a second term as Federal Reserve Chairman. Chairman Bernanke has operated without any real accountability while printing trillions of dollars out of thin air and keeping interest rates artificially low, practices that continue the destruction of our dollar and will eventually plunge our economy into an even greater crisis. But the real issue at stake during this confirmation process is transparency at the Fed. No one – whether a "Person of the Year" or not – should be able to commit us to deals with foreign central banks or give taxpayer dollars to Wall Street while refusing to tell us who is receiving our money. When you call the Senate Banking Committee members, urge them to join Senators Jim DeMint, David Vitter, Jim Bunning, and Bernie Sanders by calling for a hold on Bernanke's confirmation until there is an up or down vote on Audit the Fed (S. 604). If neither of your senators are on the Banking Committee, click here to contact Senate Majority Leader Harry Reid and tell him it is long past time Audit the Fed receive a standalone vote on the Senate floor. In Liberty, John Tate President |
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December 16, 2009 Dear C4L Member, Early tomorrow, the Senate Banking Committee is expected to vote on Ben Bernanke's nomination to a second term as Federal Reserve Chairman. Chairman Bernanke has operated without any real accountability while printing trillions of dollars out of thin air and keeping interest rates artificially low, practices that continue the destruction of our dollar and will eventually plunge our economy into an even greater crisis. But the real issue at stake during this confirmation process is transparency at the Fed. No one – whether a "Person of the Year" or not – should be able to commit us to deals with foreign central banks or give taxpayer dollars to Wall Street while refusing to tell us who is receiving our money. When you call the Senate Banking Committee members, urge them to join Senators Jim DeMint, David Vitter, Jim Bunning, and Bernie Sanders by calling for a hold on Bernanke's confirmation until there is an up or down vote on Audit the Fed (S. 604). If neither of your senators are on the Banking Committee, click here to contact Senate Majority Leader Harry Reid and tell him it is long past time Audit the Fed receive a standalone vote on the Senate floor. In Liberty, John Tate President I believe the alternative was worse....lesson were learned by the feds allowing Lehman Brothers to fail....that being if Bank of America and Citigroup and AIG had all gone under that real panic would have gripped the US for a long time. That would have lead to runs on the banks and unemployment off the charts. At best, Bernanke probably just delayed the immense forthcoming consequences of our continued deficit spending. Isn't that ironic. Didn't Congress approve the bailout money??? Isn't Conmgress spending the trillions of dollars??? Who is going to oversee the audit???Congress??? I wouldn't contact Harry Reid bout nothing.....he'll be gone in 2010. And deservingly so. |
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