Thursday, July 26, 2012

Federal Reserve Audit Bill Overwhelmingly Passes The House

In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve.

The bill, which has 270 co-sponsors, passed 327 to 98. All but one Republican — Rep. Bob Turner of New York — voted for it, along with 89 Democrats.

The stereotype would suggest more democrats would support this bill than republicans. Aren't opposing corporatism and providing transparency (supposedly) democrat virtues? Do democrats oppose this bill more simply because it was put forth by a republican? Don't get me wrong. At this point I think both parties have by and large become a slave to corporate special interests but the number of democrats who oppose this bill still surprised me a little.