The Federal Reserve Transparency Act of 2009 vs. The Federal Reserve Accountability Act

Abigail Adams once wrote “We have too many high sounding words and too few actions that correspond with them.” No where is that more true than Washington, D.C. Many of the people we incomprehensibly continue to elect to public office have mastered using “high sounding words” to collect votes only to neglect the corresponding actions. On October 20, 2009 this discrepancy was demonstrated yet again, when spineless Senators Merkley (D-OR) and Corker (R-TN) introduced a flaccid bill entitled “The Federal Reserve Accountability Act.” The bill, supposing to be a politically astute compromise to “The Federal Transparency Act of 2009,” uses the oh-so-popular high sounding word “accountability” but provides too few actions to accomplish anything substantive. Because the two words appear so similar, and because Americans have become inexplicably lazy and gullible we created the chart below to demonstrate the substantive difference between the two bills.

Bottom line? We need to take back our financial system from the greedy, elitist political lords and their sniveling, corrupt cronies on Wall Street who, together, have destroyed our economy. Translation? Pick up the phone, call your Representative and your Senator and demand they support H.R. 1207 in the House and S. 604 in the Senate. If they don’t listen to you vote them out of office in 2010. Your individual vote is still very powerful, and presently, is still what makes America so great. To quote Teddy Roosevelt, “A vote is like a rifle; its usefulness depends upon the character of the user.” Courage and liberty be with you! And if anyone can explain how 303 co-sponsors (125 democrats, 178 republicans) doesn’t automatically result in a bills passage please share. That makes no sense whatsoever.