Senator Jim DeMint and Congressman Ron Paul are right. It’s time to audit the Federal Reserve.
Since my announcement speech, I have opposed not only Federal Reserve policy, but our administration’s policy of bailing out large corporations and rapidly growing the money supply to the point where we now expect runaway inflation to overtake any economic recovery.
It is astounding that the federal government has authorized $700 billion for TARP and an additional $787 billion in so-called stimulus spending to virtually no effect. Our government’s tax and spending habits are completely out of control and nowadays, even pork barrel politics passes for “thoughtful compromise.” Some say massive government expansion is needed to stimulate the economy, but it is actually causing Nevadans grave long term economic harm.
A chief culprit in this fiscal morass is the Federal Reserve, seemingly an institution gone rogue. The Federal Reserve maintains control over the bailouts and this runaway monetary policy, but it does so without real oversight. To date, the Federal Reserve has spent nearly $1 trillion on the TALF program, dollars that appear to only exist as numbers on a spreadsheet.
I truly fear this unchecked spending growth is exposing us to the specter of runaway inflation and unsustainable deficits. That’s why I say it is time to audit the Federal Reserve. Whatever fears people may have about this process, it is absolutely necessary to restoring faith in our institutions – a cornerstone of Democracy.
As of October 2, 2009 Senator Reid is not a supporter of the Senate Bill to audit the Federal Reserve. Of course he isn’t – he is the architect of these bailout bills and federal spending sprees. If I am elected U.S. Senator, Nevada will have a cosponsor of SB 604.
Sign up here and tell Harry Reid you are joining Danny Tarkanian, Congressman Ron Paul and Senator Jim DeMint in supporting SB 604 and its House counterpart.
Please do this right now. Your support is vital.
Thank you…
Danny Tarkanian
Republican candidate for U.S. Senate in Nevada
Just think in August Danny did not know anything about the Fed as told by voters who have talked ot him about the issue.
I am glad though that he has come on board 30 days after I spoke out about.