No Audit for the Fed, or How I Learned to Stop Worrying and Love the Internet

Not too long ago, a certain bill (Federal Reserve Transparency Act HR 1207) was “gutted,” according to its author, Ron Paul. “This is not a partisan issue," he said. "People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that."

About 15 days ago, a Democrat, Mel Watt of North Carolina, has eliminated “just about everything while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee."



The method with which our laws are written should come under scrutiny for it's misleading titles (the "clean air initiative" or "no child left behind") and pork-bellied content (extra provisions written into a bill that could have nothing to do with it and could attach any sum of money from any department to it - such as the bridge to nowhere).

There's a popular joke making the rounds that politicians are like race cars, and they should wear the logos of the various companies sponsoring them. Journalists could be seen as the cars the politicians drive.

Compare these two clips... hopefully you can tell which one is a spoof.





I mean, seriously? "Instead of focusing on the two governorships the Democrats lost, she chose to highlight the two house seats they picked up..."

Thankfully, we still have the internet... oh wait, they have a bill for that, too.