Monday, August 10, 2009

Americans Want Federal Reserve’s Secret Shenanigans Exposed

A recent survey by a major U.S. polling firm has found that an overwhelming majority of Americans support auditing the privately owned and controlled Federal Reserve.

According to the respected national polling company Rasmussen Reports, 75 percent of American respondents said they “favor auditing the Fed and making the results available to the public.”

In a press release issued in late July, Rasmussen did not specifically cite Texas Republican Rep. Ron Paul’s Audit the Fed bill (H.R. 1207), instead vaguely referring to the fact that “half the members of the House now support a bill giving the Government Accounting Office, Congress’ investigative agency, the authorization to audit the books of the Federal Reserve Board.

Support for the bill has grown now that the Obama administration is proposing to give the Fed greater economic regulatory powers.”

It also noted that Fed Chairman Ben Bernanke, during a recent town hall meeting, tried to convince the gathering that the American public does not believe government should be involved in managing money.

“I don’t think the American people want Congress running monetary policy,” he said. Rasmussen’s pollsters certainly showed that the American people disagree with Bernanke and want the secret fiscal operations engaged in by the Federal Reserve Board exposed.

During a telephone survey of 1,000 adults conducted between July 27 and July 28, the polled found that only 9 percent of respondents opposed the plan, saying that they think it is a bad idea to scrutinize the country’s central bank. Another 15 percent said they were not sure. Other findings by Rasmussen include:

46 percent of Americans say the Fed chairman has too much power over the U.S. economy. Fifty-one percent of those taking the survey oppose expanding the Fed’s regulatory powers. 54 percent of Americans believe interest rates will continue to rise in the coming years by as much as 20 points.

“So much for the ongoing secrecy of the nation’s independent central banking system,” concluded Rasmussen. Since AFP’s last report on the Audit the Fed bill, six new congressmen have signed up to co-sponsor Paul’s landmark bill bringing the grand total to 282. They are:

Rep. Bob Filner (D-Calif), Rep. Laura Richardson (DCalif.), Rep. John A. Boccieri (D-Ohio), Rep. Jesse L. Jackson Jr. (D-Ill.), Rep. Donald M. Payne (D-N.J.) and Rep. James L. Oberstar (D-Minn.).

The Senate version of Paul’s legislation (S. 604), introduced by Sen. Bernard Sanders (I-Ver.) has 20 cosponsors. They include: Sen. John Barrasso (R-Wyo.), Sen. Robert F. Bennett (R-Utah), Sen. Sam Brownback (R-Kan.), Sen. Richard Burr (R-N.C.), Sen. Benjamin L. Cardin (D-Md.), Sen. Saxby Chambliss (R-Ga.), Sen.Tom Coburn (R-Okla.), Sen. John Cornyn (R-Tex.), Sen. Mike Crapo (R-Idaho), Sen. Jim DeMint (R-S.C.), Sen. Russell D. Feingold (D-Wisc.), Sen. Lindsey Graham (R-S.C.), Sen.Tom Harkin (D-Iowa), Sen. Orrin G. Hatch (R-Utah), Sen. Kay Bailey Hutchison (R-Tex.), Sen. James M. Inhofe (R-Okla.), Sen. Johnny Isakson (R-Ga.), Sen. Blanche L. Lincoln (D-Ark.), Sen. JohnMcCain (R-Ariz.) and Sen. David Vitter (R-La.).

Source: American Free Press
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