Thursday, April 22, 2010

Senate Republicans Ready to Jump On Democrats' Big Government Regulation Gravy Train

I just received this letter from John Tate of the Campaign for Liberty.  Read it, take action and weep. Can American democracy have failed this badly that the response to the failures of the Federal Reserve-Investment Banking nexus is to strengthen both? 

April 22, 2010

Dear Mitchell ,

Despite all the limited government rhetoric you're hearing from the Republican Party these days, it appears that Senate Republican leaders, including Richard Shelby, are more than ready and willing to work with Chris Dodd to empower the Fed, add more layers of federal bureaucracy to our economy, and set the stage for future crises.

According to Talking Points Memo, Shelby has stated, "We're very close to a deal and there will be a substantial number of Republicans that go along with it."

The White House is doing everything it can in the media to cram yet another powergrab down the American people's throats. A vote could come at any time, so it's crucial that liberty activists make their voices heard immediately.

Keep reading for more information on how to contact your senators.

Chris Dodd's legislation, which should be called the "Fed Empowerment Act," ignores the true cause of the recent financial downturn: interference in our economy and manipulation of our currency by Congress, the Treasury, and the Federal Reserve.

For all the talk of "change" in D.C., our elected officials are following the same tired old script: if the federal government created the problem, the only solution must be to give it even more power.

Now Senate leaders want to create a new Consumer Financial Protection Bureau, which will be housed in and funded by the Fed.

And the Dodd bill would create a "Financial Stability Oversight Council" that would have the ability to require nonbank financial companies to be under the Federal Reserve's supervision based not on their current status, but on what effect they may potentially have on the economy!

Who knows how many businesses will soon be targeted and broken up, under the guise of "reform," solely for standing up to the federal government.

Recently, Washington Examiner journalist Tim Carney has done some terrific work exposing the corporatism behind the White House's rhetoric.

To see how Obama's "reform" plan will actually benefit the big banks and Wall Street firms, especially Goldman Sachs, at the expense of smaller companies and the rest of us, click here to read his piece entitled "Goldman rallies for Obama in Wall Street 'reform'."

Don't let Chris Dodd strengthen the federal government and further entangle the Federal Reserve in our economy without a fight.

Remind your elected officials that any serious effort at true financial reform should start with thoroughly auditing the Federal Reserve.

Click here to get contact information for your senators. Tell them to reject Chris Dodd's Fed Empowerment Act and to stand up for transparency by working for a standalone vote on Audit the Fed, S. 604!

The American people have already suffered too much because of Washington's previous interference in our economy.

Together, let's take a stand for freedom and true reform by opposing the Dodd Fed Empowerment Act and pushing for a long overdue standalone vote on Audit the Fed.

In Liberty,

John Tate

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