Rand Paul Threatens to Block Janet Yellen Nomination to Fed

Crazy libertarian obstructionism to continue
Politics • Views: 21,730

I hope no one’s surprised that Rand Paul is now making a big push for one of the libertarian right’s cherished hopes: auditing the Federal Reserve.

And by “auditing,” they mean going on a fishing expedition to find something they can use to destroy it.

Sen. Rand Paul (R-Ky.) has threatened to block the nomination of Janet Yellen to chair the Federal Reserve, CNBC reported Friday.

Citing a source close to Paul, CNBC wrote that the Kentucky Republican “is insisting on a vote on his Fed transparency bill, and has informed Senate leadership of his intentions.”

The bill in question, the Federal Reserve Transparency Act of 2011, would eliminate current audit restrictions placed on the Government Accountability Office and require the Fed to undergo a complete audit by a specific deadline. Similar legislation was championed in the House by Paul’s father, former GOP presidential candidate and Texas Rep. Ron Paul.

That’s right, it’s the Paul family obsession, back again in the Tea Party era. Libertarianism poisons everything.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2023-04-04 11:11 am PDT
LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Cash.app
Recent PagesClick to refresh
The Pandemic Cost 7 Million Lives, but Talks to Prevent a Repeat Stall In late 2021, as the world reeled from the arrival of the highly contagious omicron variant of the coronavirus, representatives of almost 200 countries met - some online, some in-person in Geneva - hoping to forestall a future worldwide ...
Cheechako
2 days ago
Views: 103 • Comments: 0 • Rating: 1
Texas County at Center of Border Fight Is Overwhelmed by Migrant Deaths EAGLE PASS, Tex. - The undertaker lighted a cigarette and held it between his latex-gloved fingers as he stood over the bloated body bag lying in the bed of his battered pickup truck. The woman had been fished out ...
Cheechako
2 weeks ago
Views: 268 • Comments: 0 • Rating: 1