Skip to main content

John Carney runs away from his own vote not to Audit the Fed; friends Bernanke

Predictably, US Representative John Carney (D--Special Financial Interests) voted "NO" on the bill to Audit the Federal Reserve yesterday.

Equally predictably (as with his vote to approve indefinite detention in the NDAA), Congressman Carney didn't even have the courage to say why he refused to support governmental transparency and oversight of the national's central bank, which has in effect become and independent fourth branch of the government.

John Carney to his special-interest
contributors:  Don't worry, guys, I'm
holding the line here for you.
Instead, Carney published a love letter to Fed Chairman Ben Bernanke:

"I appreciated the opportunity to ask Chairman Bernanke today about what he believes are the steps Congress must to take in order to encourage economic growth.
“Mr. Bernanke’s testimony today reinforced two important points that must guide the work we do here in Congress as we address the economy and work to create jobs: first, we need to be thoughtful on any cuts we implement in the short-term; and second, the most effective thing Congress can do is quickly pass a comprehensive fiscal plan that includes a long-term tax policy to eliminate uncertainty, which discourages businesses from hiring new workers and investing in new facilities."

Ben Bernanke:  the Fed is like the
Supreme Court, you know, an
independent, non-transparent
arm of Goldmann Sachs, er, I mean,
the government.
Carney's position (if you can dignify his statement with the term) supports Bernanke's own stance that the operations of the Federal Reserve must be completely insulated from all public scrutiny, because any public scrutiny or transparency would represent a "politicizing" of monetary policy.

It's dangerous to let John Carney get involved in major financial decisions, as even our progressive friends at Delawareliberal like cassandra m. understand, writing just two months ago on the Congressman's financial acumen:

I’ve been thinking about this since I saw it this AM and I can’t quite figure out what he is trying to get to here. The choices are:
  1. John Carney thinks  that we really are that stupid.
  2. John Carney actually believes this stuff.

I'm going with option Number One here.

Carney's craven cave-in to Bernanke and his own special-interest backing is one of the primary reasons why Delawareans need to vote in November for Libertarian Scott Gesty, who actually has a position on the Fed and our burgeoning national debt:

America is being consumed by debt. When Congressman Ron Paul introduced House Bill 1207 to audit the Federal Reserve in early 2010, the national debt stood at $11 Trillion. Today, thanks in no small part to the Fed’s “Quantitative easing,” the debt is approaching $17 Trillion—a 55% increase in under three years. We still have not audited the Fed.
Our debt is now greater than America’s entire Gross Domestic Product, the total value of all goods and services produced in this country in a single year. With the Fed printing money, and the current administration spending our grandchildren’s wealth, we are heading into a crisis that will make the 2008 Recession look like a day at the beach. The catastrophe occurring in Greece right now is a warning about where America could be in the next eight years.
We cannot spend or “stimulate” our way back to prosperity. We already know that no miraculous “shovel-ready jobs” are going to put Americans back to work, and we certainly have learned that government money doled out to special interests will not solve our financial problems.
Delaware needs a Congressman who is serious about reducing the size and scope of government. We have to eliminate wasteful bureaucracies like the US Department of Education, while at the same time getting government out of the way of the businesses who can put Americans back to work. Decreasing spending while growing the tax base is the only way to get out of this mess.

Tom Kovach:  Posiions on the issues?
You mean I'm supposed to have them
to run for Congress?  Nobody told me.
I thought you just needed T-shirts.
Oh, and just in case you are wondering, Republican Tom Kovach has NO position on auditing the Federal Reserve, which is possibly the only way you could do worse than John Carney.

Comments

Popular posts from this blog

The Obligatory Libertarian Tax Day Post

The most disturbing factoid that I learned on Tax Day was that the average American must now spend a full twenty-four hours filling out tax forms. That's three work days. Or, think of it this way: if you had to put in two hours per night after dinner to finish your taxes, that's two weeks (with Sundays off). I saw a talking head economics professor on some Philly TV channel pontificating about how Americans procrastinate. He was laughing. The IRS guy they interviewed actually said, "Tick, tick, tick." You have to wonder if Governor Ruth Ann Minner and her cohorts put in twenty-four hours pondering whether or not to give Kraft Foods $708,000 of our State taxes while demanding that school districts return $8-10 million each?

New Warfare: I started my posts with a discussion.....

.....on Unrestricted warfare . The US Air force Institute for National Security Studies have developed a reasonable systems approach to deter non-state violent actors who they label as NSVA's. It is an exceptionally important report if we want to deter violent extremism and other potential violent actors that could threaten this nation and its security. It is THE report our political officials should be listening to to shape policy so that we do not become excessive in using force against those who do not agree with policy and dispute it with reason and normal non-violent civil disobedience. This report, should be carefully read by everyone really concerned with protecting civil liberties while deterring violent terrorism and I recommend if you are a professional you send your recommendations via e-mail at the link above so that either 1.) additional safeguards to civil liberties are included, or 2.) additional viable strategies can be used. Finally, one can only hope that politici

More of This, Please

Or perhaps I should say, "Less of this one, please." Or how about just, "None of them. Ever again. Please....For the Love of God." Sunshine State Poll: Grayson In Trouble The latest Sunshine State/VSS poll shows controversial Democratic incumbent Alan Grayson trailing former state Senator Dan Webster by seven points, 43 percent to 36 percent. A majority of respondents -- 51 percent -- disapprove of the job that Grayson is doing. Independents have an unfavorable view of him as well, by a 36/47 margin. Grayson has ignored the conventional wisdom that a freshman should be a quiet member who carefully tends to the home fires. The latest controversy involves his " Taliban Dan " advertisement, where he explicitly compares his opponent to the Taliban, and shows a clip of Webster paraphrasing Ephesians 5:22 -- "wives, submit to your husbands." An unedited version of the clip shows that Webster was actually suggesting that husba