Frank and Paul, Not Just Together On Hemp

25Sep09

Representative Barney Frank, chairman of the House Financial Services Committee, said he would support the the proposal of Ron Paul to allow a detailed audit of the Federal Reserve by the Government Accountability Office.

However, rather than pass the bill H.R. 1207 authored by Paul, Frank would like to include that audit power in house financial reform legislation.

This is nothing more than political horse trading on the part of Frank, because the only thing that turns him on more than male prostitutes is far reaching government power. Its an effort to garner more support for financial reform items, including the proposed consumer credit oversight agency that would give the federal government over everything from a stores layaway policies to your mortgage.

But even in this age of increasing government control, and feel good Marxism, Paul's constitutionalists perspective is gaining steam. I think he'll garner somewhat less support for his proposal to end the fed entirely.

I don't so much want to end the federal reserve as I want narrow its scope, decimate its powers, and take its lunch money; leaving it a impotent remnant of its former self lying on the floor of its shower crying "Why...why...?"

Contact your representative and tell them to support H.R. 2775, the Federal Reserve Abolition Act.