C4L staffers have been working very closely with Senator Jim DeMint’s office in recent days to advance Audit the Fed (S. 604) in the Senate.
Just a little while ago, it was announced that Senator DeMint, who is the lead Senate cosponsor of Audit the Fed, has put a “hold” on Bernanke’s confirmation for a second term as Federal Reserve chairman until S. 604 receives an up or down vote on the Senate floor.
Keep reading for more details on how your immediate action could help make this vote possible.
While Ben Bernanke was handed a few softball questions from establishment politicians during today’s Senate Banking Committee hearing on his nomination, he also faced serious grilling from senators who are tired of his evasive answers and secretive practices.
DeMint is joined by Senator Jim Bunning and S. 604 sponsor Senator Bernie Sanders in pledging to block action on Bernanke’s reconfirmation.
According to DeMint, “Mr. Bernanke has been one of the chief proponents of the Fed’s easy money policy that created the current financial crisis. He ignored asset bubbles, dismissed concerns about the weakness of the dollar, and helped encourage the credit mania that led to the financial panic. Even worse, Mr. Bernanke has refused to accept any responsibility for his role in these actions prior to financial crisis.
Ultimately, Bernanke’s reconfirmation is irrelevant to the main issue, which is bringing real transparency to the Fed.
It doesn’t matter who’s at the wheel of the car; they will still be driving a clunker.
Contact your senators today and tell them that before they consider either reconfirming Ben Bernanke or appointing a new Chairman, they must deliver the answers the American people want and deserve by giving Audit the Fed a standalone, up or down vote on the Senate floor.
And if you live in Kentucky, urge Senator Bunning to take an even stronger stand by cosponsoring S. 604.
You and I have come so far this past year in our battle to Audit the Fed. Now, we have an excellent chance of seeing S. 604 debated on the Senate floor. But we must take immediate action to turn this chance into a reality!
P.S. Audit the Fed has gotten further than ever before, but we need your help to achieve standalone votes in the House and Senate as we seek to turn it into law! Click here to contribute to C4L today as we work to finish this fight!