July 25, 2012

Ron Paul's Last Hurrah in House

Ron Paul's "Audit the Fed bill" with it's 270 co-sponsors will likely pass in today's House vote. For a Congressman who has often been on the loosing end, sometimes being voted down 414-1, it's a big step forward. Despite the challenges the bill will face in the senate, the bill would allow the Government Accountability Office to audit how the Fed implements its monetary policy, providing more information about how the central bank operates. Politico commented:
“Paul’s movement has always been stronger outside the Capitol than inside it, yet the fact that at least one of his ideas is starting to break through shows that he may still have some clout on the national stage, even if he’s leaving the congressional payroll and ditching his presidential runs.”

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