And finally, enough Congressmen and -women are on board with Ron Paul’s push for more transparency. Audit the Fed Bill Reaches Crucial Benchmark:
Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform.
… unfortunately, I expect the Senate to do everything they can to dilute the bill, so no time for complacency here.
However, it is truly remarkable how the Campaign for Liberty has come at this point. While government officials left and right are capable of nothing but staging a deplorable circus, one Congressman from Texas has accomplished much more than anyone of the people who are supposed to be in charge.
To repeat what I said back in February:
[Obama’s] fundamental misunderstanding on this matter is that he believes these disagreements are nothing but political games. They are not. They reflect sincere and deep-rooted concerns of the direction where this country has headed. They represent the voices of millions of frustrated workers, businessmen, housewives, students, and retirees calling their representatives, jammed fax machines, letters, town hall meetings, and the like. The movement for liberty is not one of political expediency. Its members are not in it for personal, monetary, or political gain. They are in it for true conviction and with all their heart. But on top of that, it is a movement of substance, reason, logic, and sound understanding of historical and economic facts. There is nothing in the world that could change some one’s mind, once one has understood the true blessings of Freedom, Liberty, Peace, Prosperity, and Happiness. It is a patient movement. It is not in a rush. It’s not gonna go away. It will grow stronger year by year. To ignore it would be the biggest mistake Obama could make now.
… and this is only just the beginning. The movement marches on.