Filed under: Federal Reserve, Legislation, News, Party Politics
Thanks to the tireless efforts of several of our Washington State Campaign for Liberty members, we’re pleased to report that the Washington State Democrats passed a resolution recommending immediate passage of the Senate Audit the Fed Bill, S 604!
As Recommended to Pass the WA State Democratic Convention
WHEREAS we believe honest stewardship of the public money and credit is essential to social justice;
WHEREAS we believe a transparent government governs best, and a transparent monetary system is essential to a stable, sustainable economy that avoids squandering resources;
WHEREAS the Fed can enter into agreements with foreign central banks and foreign governments;
WHEREAS the U.S. Government Accountability Office (GAO) is prohibited from reviewing Fed agreements;
WHEREAS the Fed has refused legal requests to make a public accounting of the funds popularly known as TARP funds;
WHEREAS it recently became public knowledge that the Fed secretly bailed out investment bank Bear Stearns and kept it secret for two years;
WHEREAS by promoting open and transparent government, an audit of the Board of Governors of the Fed will promote trust in government and bring accountability to the Federal Reserve System;
WHEREAS HR 1207 “The Federal Reserve Transparency Act” has 319 bipartisan cosponsors, more than the majority needed to pass a bill through the House, and S 604 has 32 bipartisan cosponsors in the Senate;
WHEREAS the Constitution of the US gives Congress the sole authority to coin money and regulate its value and auditing the Fed will allow Congress to assert its Constitutional authority over monetary policy and to help protect the value of the US dollar;
WHEREAS the Board of Governors of the Federal Reserve System (FED) is responsible for hundreds of billions of dollars of taxpayer monies appropriated as part of the Emergency Economic Stabilization Act of 2008;
WHEREAS the FED’s deals with foreign central banks are not published in Congressional reports, and many assets and liabilities of the Federal Reserve Banks are not published anywhere; and
WHEREAS, auditing means the complete books, and all monies given as “bailouts” to any party, corporation, international bank, and government needs to be public information, including who received money, how much was received and on what it has been spent;
WHEREAS the House of Representatives recently passed a financial reform bill that included a complete audit of the Federal Reserve (H.R. 1207), and the Senate passed a financial reform bill that did not include a full audit of the Federal Reserve, and the House and Senate versions of the Financial reform bill must be reconciled, which will result in a one-time partial audit;
THEREFORE BE IT RESOLVED that we call upon Congress to immediately pass, and President Barack Obama to sign into law S 604, that would require a full and complete audit of the Federal Reserve System, and that the results be immediately provided to Congress;
THEREFORE BE IT FURTHER RESOLVED that upon completion of the audit, the results be immediately provided to the United States Congress and through the Congress to the People of the United States of America; and
THEREFORE BE IT FINALLY RESOLVED that this resolution be transmitted to the Members of Congress representing the State of Washington.
As you know, your Washington State Campaign for Liberty is a non-profit, non-partisan, educational and political organization.
We are also an action organization, a movement of not just talkers but of doers! Our membership is not content to sit on the sidelines and let others steer our course. To that end, though we promote no one political party over another, we encourage our membership to participate in the political process. How better to take control of our political destiny than to use the tools expressly created for that purpose?
Washington State Campaign for Liberty has already attended a couple of statewide party conventions this year – the Washington State Libertarian Party and the Washington State Republican Party.
We believe that freedom is popular! It is a message that brings us together. Liberty is too big to fit in any one political box.
This coming weekend is the Washington State Democrat Party State Convention, and we planned to be there. In fact, we had booked a table and have been busy at work preparing information on:
- Audit the Fed – HR1207/S604- this is an issue we’ve been focusing on this year. HR 1207 is co-sponsored by a number of our Congressmen including Representatives Inslee-D, Baird-D, McDermott-D, Smith-D, Reichert-R, Hastings-R, and McMorris Rodgers-R. Lack of transparency in our banking and financial system has led to the abuses of power on Wall Street. The Federal Reserve is the private bank that enabled our government to print the money for financing corporate favors, financing the American empire and occupations abroad, and fund undeclared wars.
- Bring the Troops Home – we believe that Ron Paul was right,
“If the justifications for war were wrong;
If the war is going badly;
If we can’t afford the costs, both human and economic;
If civil war and chaos have resulted from our occupation;
If the reasons for staying are no more credible than the reasons for going;
Why the dilemma? The American people have spoken, and continue to speak out, against this war. So why not end it? How do we end it? Why not exactly the way we went in? We just marched in, and we can just march out.”
BUT, earlier this week we were informed that we were un-invited to — not even welcome at the State Convention by the Democrat leadership! Even though our organization is non-partisan, and even though we have members that are lifelong participants in the Democrat Party, their leadership doesn’t want the Liberty message at their convention. We were disappointed to hear that partisanship is more important to the Democrat leadership than the issues at hand.
We hope they will change their minds, we’d love to attend. Apparently, as of this point, the Washington State Democrats aren’t interested in the freedom message. What a shame!
Want to let Washington State Democrats know that you’d like to see your Washington State Campaign for Liberty at the State Convention? Please contact them and let them know your opinion:
- Shawna Ousse
Development & Special Events Director
Washington State Democrats
PO Box 4027 – Seattle, WA 98194
(206) 583-0664 – office
(206) 583-0301 – fax
- Email the Washington State Democrats on their website here.
- Give the Washington State Democrats a call at (206) 583-0664.