MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
I'm somewhat surprised Bernie isn't running.
Of course as a Socialist he would have no party backing to speak of.
He could convert to The Democrat Party and take on Our Kenyan President but then he's have to shift so far to the left that he probably couldn't stomach it.
Obviously you know little about his record, nor his political philosophies. Since Sanders IS a "liberal" but also is quite capable of thinking in conservative terms when it comes to runaway fiscal policy, he votes with the Democrats but also teams with Republicans depending on the issue.
Last year, Bernie Sanders and Ron Paul have been successful in getting authorization for an outside audit of the Federal Reserve, but I don't know the status.
Despite audit, Federal Reserve's scope may widen with Senate bill
'Audit the Fed'
Rep. Ron Paul (R-Tex.) has long argued for more aggressive oversight, including Government Accountability Office audits, of Fed policy, including its interest-rate-setting decisions. Amid the crisis, most members of the House came to his side, and Paul's proposal was part of the financial overhaul bill passed in that chamber last year. Sen. Bernard Sanders (I-Vt.) proposed a similar measure in the Senate, showing how the issue united populists on the left and right.
Fed officials, the Obama administration and many private economists argued that by giving Congress more ways to second-guess monetary policy, the provisions would create political pressure for the Fed to favor actions that would stimulate economic growth in the short run but lead to inflation in the long run.
Last week, under pressure from the administration, Sanders agreed to a compromise version of his amendment that would allow an intensive outside audit of Fed lending actions during the financial crisis -- but which walls off the Fed's monetary-policy decisions from congressional review. It passed the Senate unanimously, and both the Fed and Obama administration view it as acceptable. More broadly, the Fed has signaled its intention to disclose more information about its actions; last week, it posted the contracts it maintains with foreign central banks for dollar swap lines on its Web site, and is making public how much is lent under those swap lines to each of its counterparts overseas.
Washington occasionally creates strange bedfellows (as it should be...)