Arkady's Thoughts

After yesterday's passing of the Paul/Grayson amendment and the fledgling optimism beginning to dissapate, some questions have arisen as to which party supports the auditing of the Fed.  The amendment passed in a bi-partisan fashion, however the list of those voting NO is quite telling.  I have prepared the list with party denomination for your viewing pleasure. The list of those voting NO on the Paul/Grayon amendment: (D) CA-35 Rep. Maxine Waters (R) CA-42 Rep. Gary G. Miller (D) CA-43 Rep. Joe Baca (D) CT-04 Rep. Jim Himes (D) FL-22 Rep. Ron Klein (D) IL-04 Rep. Luis V. Gutierrez (D) IL-08 Rep. Melissa L. Bean (D) IL-14 Rep. Bill Foster (D) IN-02 Rep. Joe Donnelly (D) IN-07 Rep. Andre Carson (D) KS-03 Rep. Dennis Moore (D) MA-04 Rep. Barney Frank (D) MA-08 Rep. Michael E. Capuano (D) MA-09 Rep. Stephen F. Lynch (D) MN-05 Rep. Keith Ellison (D) MO-05 Rep. Emanuel Cleaver (D) NC-12 Rep. Melvin L. Watt (D) NC-13 Rep. Brad Miller (D) NY-05 Rep. Gary L. Ackerm

Everyone in America admires Warren Buffet, after all, the man is a genius so why not listen to everything he says?  Because he doesn't care about you, that is why.  In fact, he is perfectly comfortable with what appears to be a systematic looting of the middle class perpetrated by the Federal Reserve.   In case you have not noticed, yesterday's Paul/Grayson amendment to audit the Fed was met with great cheer for those wishing to return to some kind of normalcy in this country.   Despite the objections of corrupted and bribed politicians like Barney Frank, Mike Capuano, Mel Watt, Maxine Waters and other enemies of state - the amendment passed.    When all the bullshit melts away and push comes to shove, you will plainly see who can or cannot be trusted.  Warren Buffet unfortunately is on top of the pile as this CNBC interview proves . Buffett: Well, I think there is nothing more important in the economic future of the country than to have an independent Fed. And I think th

Mike Capuano of the eight Congressional District here in Massachusetts talks a slick game and feels he belongs in the Senate.  This is ironic because he does even deserve his current post.  Besides ignoring emails from his constituency on the matters most pertinent to our economy, Mike has the following to say on his page  (emphasis are his). When it comes to TARP and other emergency lending programs, Mike continues to speak out to the Federal Reserve and the Treasury Department regarding the need to protect taxpayers. So far so good, yes?  Yesterday, Mike Capuano had a unique opportunity to protect the taxpayers by voting on an amendment for a bill designed to Audit the Fed.  Because Mike Capuano serves on the finance committee in the house, he has foremost knowledge of the efforts undertaken by the Federal Reserve to remain secret and resist auditing.  Currently the Federal Reserve has a unique position of being able to print money at will, bail out banks and buy toxic paper un

Grayson may be a maniac when it comes to distribution of wealth or understanding what makes actual health care reform, but damn, he got this spot right and ad hominem attacks should not be used to discredit or undermine noble action.  "Capitalism requires rewarding success and punishing failure.... So far we have seen plenty of reward for success on Wall Street but no punishment for failure, not when the Fed is handing out blank checks" Eliot Spitzer then chimes in and basically vocalizes what so many of us have been saying and thinking all along.  Greenspan got it wrong, got it wrong many times and Bernanke is continuing the failed policies.  "They have been wrong, other than when Paul Volcker was there, understand that Alan Greenspan got it fundamentally wrong over and over again. That's why they don't want us to see what they've been doing. The bailouts have been wrong, the macro policies have been wrong, until we put this on the table, we can't