Midknight Review -- new and revised: Finally, a era of responsibility is about to move into Washington. High on the list is congressional oversight of the Fed. It is about time!!

Fed Chairman and historian, Ben Bernanke. He is not an evil man, not at all, but the Fed needs to be accountable to someone other than him or whoever happens to be Chairman.

Americans Still Strongly Favor Audit of the Fed

That is the headline and here is the real news; the GOP House membership is putting Ron Paul, R-TX -- and father of new Senator Rand Paul) in charge of the House oversight of the Fed. If you know anything about Ron Paul, you know that he is a brilliant politician, an informed economist and no friend to the opaque dealings of the Fed. And now, he is about to become Chairman of the House subcommittee on Monetary Policy.

Understand that the Fed and Mr. Bernanke used TARP funds to feed the banking industry between 9 trillion and 24 trillion dollars. We believe the money was not lost nor was criminality involved [or so it seems], but the banking industry did receive a huge influx of money under cover of the closed system that is the Feds. Someone needs to know what is going on, someone other than those in charge of the Fed, itself. Perhaps, a House committee or a review panel. Certainly, it does not

need to be a public review, nor should it be a partisan board. But the secrecy of the Fed needs to come to an end and now is the time for that to happen.

Ron Paul, the 70 year old Representative from Texas, is the incoming Chairman of the Subcommittee on Monetary Policy.

The Democrats apparently do not believe in Congressional oversight. They have had four years to set up some avenue for financial accountability, but, as long as everyone is on their side, they apparently do not think accountability is important. Representative Paul is the GOP's answer to this Democrat policy of hidden transactions and closed door dealings. He graduated from the Duke University of Medicine. He is Ranking Member of the Domestic and International Monetary Policy, Trade and Technology subcommittee, and Vice-Chair of the Oversight and Investigations subcommittee.

Although a solid libertarian Republican, he is unpopular with the GOP Establishment because of his opposition to war. We guarantee the reader that you will find nothing more interesting that reading Paul's printed opinions, many of which are found here.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Finally, a era of responsibility is about to move into Washington. High on the list is congressional oversight of the Fed. It is about time!!

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