Rand Paul Threatens to Block Janet Yellen Nomination Over Audit the Fed Bill

but did he plagiarize it?ReasonRand Paul wants Harry Reid to schedule a vote on his Audit the Fed legislation, and is threatening to place a hold on Janet Yellen’s nomination to chair the Federal Reserve until he gets it.

From CBS News:

Sen. Rand Paul, R-Ky., will block the nomination on the Janet Yellen to become the chair the Board of Governors of the Federal Reserve unless Senate Majority Leader Harry Reid, D-Nev., agrees to allow a vote on his own legislation to audit the Fed.

"The American people have a right to know what this institution is doing with the nation's money supply. The Federal Reserve does not need prolonged secrecy--it needs to be audited, and my bipartisan Federal Reserve Transparency Act will do just that," Paul said in a letter released Tuesday night.

Read Paul’s whole letter to Reid here.

The Audit the Fed bill was first introduced in 2009, by Ron Paul in the House and Bernie Sanders, an independent caucusing with Democrats, in the Senate. It was introduced again in the following session of Congress by Ron Paul in the House and his son, Rand, in the Senate. It passed the House 327-98 but the legislation has never had a vote in the full Senate.

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  • Francisco d Anconia||

    Odd that with such bipartisan support in the House that Harry won't bring it to a vote.

    What's the angle?

  • tarran||

    My guess is that he doesn't want to give Rand Paul a legislative victory of any sort....

  • Francisco d Anconia||

    Of course.

    But Tony told me yesterday that Democrats don't fear Rand?

  • tarran||

    A marginalized and neutered Rand is not someone they would fear.

    So they systematically are trying to marginalize him and guys like him. You don't fear nits. You kill them so they don't become lice.

  • Pelosi's Accommodator||

    Reid's holding it so Obama won't have to veto it.

  • DK||

    Yeah, this sounds more likely than a marginalize Paul scenario. But, I'd love to see a veto and then see that 327-98 somehow get narrowed down to below the 2/3 override threshold. Gee, what could ever cause that?

  • ||

    It passed the House 327-98 but the legislation has never had a vote in the full Senate.

    When the Democrats do it is it also obstruction?

  • ||

    That's the silliest thing I've ever herd, ASM. When big D does it, they're fighting an pitched battle against Teathuglican incursions on the institutions that make American democracy possible.

    This is a war, a war for America's SOUL.

  • ||

    heard even.

  • sarcasmic||

    Rand is the obstructionist for obstructing the nomination. Reid is just preventing obstructionist legislation from obstructing the Fed.

  • Brett L||

    Elections have consequences, and one of the consequences of the good people of Nevada being comprised of at least 17% fuckwits (or whatever %voters * %votes for Reid equals) is that Harry Reid has been re-elected and doesn't have to do shit.

  • ||

    I wouldn't expect Dirty Harry to bring a bill to a vote that passed the House on clearly partisan grounds.

    But this bill had surprisingly high levels of bipartisan support. So what gives, Harry? You're always bitching about democracy being thwarted on gun control.

  • Tim||

    Libertarianish Rand and Bernie Sanders the socialist, strange bedfellows.

  • ||

    OT. How sweet is it...

  • ||

    *it is. It's not a question, but a statement of fact that snow is awesome.

  • Tim||

    Apparently you've never had to shovel it.

  • Swiss Servator, Bow to Bern!||

    Just throw some of it at her!

  • ||

    Dude, I'm a chick.

    (last time it really snowed in DC, the firefighter neighbor boys dug out my car unprompted and before I even came out of my condo).

  • ||

    the firefighter neighbor boys

    Go on...

    (With pictures where appropriate)

  • ||

    They were not to my taste, jesse. Young and hairless and skinny. So no pics. And they moved out.

  • ||

    But you've got to get firefighters early, they don't usually age very well.

  • Steve G||

    I was actually hoping that was pics of some eastern resort, as comical as that sounds... but alas.

  • ||

    But I did have to spend several hours one time chipping about an inch of ice from under my tires.

  • CE||

    Who would be against an audit? Does the Fed have something to hide?

  • Francisco d Anconia||

    Most transparent administration EVAH!

  • Smilin' Joe Fission||

    The Plug told me that the FED is already audited and Rand is only doing this to get media attention!

  • Emmerson Biggins||

    It's weird they are so against legislation that would not change anything at all, since they are totally already audited and stuff.

  • ||

    Whenever those teathuglican obstructionist wrecking kulaks do something that reveals shortcomings in the administration, the administration announces that everything is the fault of the teathuglican obstructionist wrecking kulaks. What could be more transparent than that?

  • The Late P Brooks||

    Misogynist teafucking ratbgger!

  • The Late P Brooks||

    Snow: The local BLIZZARDPOCALYPSE turned out to be a dud. A big cloud sat on me, and I got freezing fog. Chiseling ice off the truck windows is a pain in the ass.

    But it's coming.

    IT'S FUCKING COMING.

  • Slammer||

    You're Montana, I believe? I was raised in Havre. THAT place had blizzards.

  • some guy||

    This was the coldest summer I can remember. If winter is the same BLIZZARDPOCALYPSE could become a weekly thing.

  • Francisco d Anconia||

    Yeah, we got about two inches up here after a 4-9 prediction, didn't get any of the wind they were calling for either. I suspect it was a "cover their ass" thing with all the hunters in the backcountry this weekend.

  • ||

    The Wasatches got about 7-10", so I think the problem was one of geography.

  • Sudden||

    Winter is Coming.

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