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« Sen. Bunning Tells Bernanke: "You Are The Definition Of A Moral Hazard; The AIG Bailout Alone Is Reason Enough To Send You Back To Princeton" (Video & Transcript) | Main | Bunning Calls Bernanke's Performance "Worse Than (Fired) Notre Dame Coach Charlie Weis" »

Senators Demint & Vitter Announce Block On Bernanke's Nomination "Until We Get A Vote To Audit The Fed"

Senator Jim Demint (R-SC) announced on Twitter last night that he would block B-52's nomination "until we get a vote to audit the Fed."  Demint joins fellow Senators Bernie Sanders, Jim Bunning and Daivd Vitter in announcing plans to place a procedural 'hold' or block on the reconfirmation vote of Federal Reserve Chairman Bernanke.  Demint and Vitter have added the wrinkle of attaching their 'hold' votes to the condition that the Senate vote first on S 604, the companion bill to Paul-Grayson's HR 1207, to audit the Fed.

From Reuters

Republican Senator Jim DeMint, a member of the Senate Banking Committee, said on Thursday he would oppose Ben Bernanke's nomination for a second term as Federal Reserve Chairman.

"Americans want a new Fed chairman who is willing to provide transparency into the Fed's actions, who is willing to accept responsibility for the Fed's mistakes, and who is willing to support true monetary reform that guarantees the soundness of our money," DeMint said in a statement.


From The Hill

Yet another Senator is placing a hold on Ben Bernanke's nomination to a second term as Fed chairman.

Sen. David Vitter (R-La.) announced tonight that he will block a vote on Bernanke's nomination until the Senate votes on a proposal to audit the Fed.

So far, Sens. Bernie Sanders (I-Vt.), Jim DeMint (R-S.C.), and Jim Bunning (R-Ky.) have placed holds on Bernanke.

"Before we even think about moving ahead with Mr. Bernanke’s nomination, we should allow the Federal Reserve Sunshine Act to be discussed and debated on the floor of the Senate,”Vitter said.  “We cannot prevent future failures by the Fed until we determine exactly how it operates."

Vitter also said he opposes the numerous bailout and rescue packages the Fed as handled under Bernanke's tenure.

“Over the past year or so, the Fed has doled out several trillion dollars to any number of troubled institutions through a series of programs that were supposed to turn our economy around,” saidVitter .  “These programs have worsened our economic crisis by making ‘too big to fail’ a permanent government policy and created further debt that will now be the burden of our children and grandchildren.  His endorsement of these unsound fiscal policies gives me great pause.”


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Reader Comments (11)

DB...HUGE NEWS!!!!!!!!!!!!!!!!!!!!

Jake Crapper might have foung his jingle bells.


Obama is a fraud and is Gibbs is looking more and more like the fool he is.

Post it up DB.
Dec 4, 2009 at 4:32 PM | Unregistered CommenterGobiasBestFriend
Prostitutes offer free climate summit sex
COP15 guests are being offered free sex if they produce one of Lord Mayor Ritt Bjerregaard’s ‘no sex’ postcards.

Copenhagen Council and Lord Mayor Ritt Bjerregaard have sent postcards out to 160 Copenhagen hotels urging COP15 guests and delegates to ‘Be sustainable – don’t buy sex’.

“Dear hotel owner, we would like to urge you not to arrange contacts between hotel guests and prostitutes,” the approach to hotels says.

Copenhagen prostitutes are up in arms at the project saying that the council has no business meddling in their affairs, and have now offered free sex to anyone who can produce one of the offending postcards and their COP15 identity card, according to avisen.dk.

According to the report, the move has been organized by the Sex Workers Interest Group (SIO).

“This is sheer discrimination. Ritt Bjerregaard is abusing her position as Lord Mayor in using her power to prevent us carrying out our perfectly legal job. I don’t understand how she can be allowed to contact people in this way,” SIO Spokeswoman Susanne Møller tells avisen.dk.

Møller adds that it is reprehensible and unfair that Copenhagen politicians have chosen to use the UN Climate Summit as a platform for a hetz against sex workers.

“But they’ve done it and we have to defend ourselves,” Møller says.

Edited by Julian Isherwood
Dec 4, 2009 at 5:12 PM | Unregistered CommenterGobiasBestFriend
It's about time someone on the hill showed some balls. Talk about being roll in the street, we have been rolled in our own house.
Enough already of bankers fixing bankers mistakes. The banks rob us everyone of us everyday. they believe taht is there place and no one can touch them. You know it may be time to do without banks. The only banks that went to the sreader are those that did not play ball with wall street. Anyone that thinks wall street is our friend they are double minded and can't be trusted like our banks on this planet. And the leadership in place in this country has it's head up it's ass. Not to have enough balls to say we speak english in this country and we believe in JESUS CHRIST, to be god and we are a christain country. You who are christain to be accepted is a lie. Is the american public so dumb to hope in a fake. It doesn't matter weather what color you are but it does matter weather you know Jesus. I do not surport this president because he has proven to me to be stupid and will bring another civil war to our shores,n through his lies and his lack ofd insight about Gods will in all of this. Our country was given to us to have a place to worship Jesus, and most of us do. Lord please deliver us from the theifs liers and fakes in our goverment, InJesuName we pray AMEN
Dec 5, 2009 at 3:01 AM | Unregistered CommenterThomas a Ste.Marie
Kudos to the senators demanding transparency into the FED operations. The long standing notion of "just trust us" and "don't ask questions" is over.
Dec 5, 2009 at 6:41 AM | Unregistered CommenterJoe Gordon
OBAMA is proven incompetent Stooge of Wall Street Criminal Terrorist Bankers

Obama’s Job Summit: Putting the brakes on America’s economic engine

So today, Obama is kicking off another beer summit, er, jobs summit at the White House. Seems that despite claims that “we’ve turned the corner” and all that, that unemployment figure (10.2% and rising) is a little worrisome.

So why does the president need to have a summit? Why can’t he just make a decision? There’s two possible explanations for this.
First let’s look at this summit. A bunch of high profile people attended like Anna Burger (secretary treasurer of mega-union SEIU) and Randi Weingarten (president of the American Federation of Teachers, another union.) Of interest, SEIU’s political action committee bundled up $29,442,016 in contributions for the president’s campaign, and the AFT — along with other mega-union the AFL-CIO — donated $1,997,375 in October of last year alone.

Of interest is who’s missing from this summit on creating jobs: the U.S. Chamber of Commerce and the NFIB (National Federation of Independent Business). Why are they missing? They had the audacity to criticize the nationalized healthcare plan supported by Mr. Obama. But I’m getting ahead of myself. Back to answering the “why” question.

Some will say that nowhere in Obama’s resume will you find any private sector experience. The closest is “community organizer.” Further, as The American reports, Obama’s cabinet appointments have the lowest percentage of private industry experience of any president’s cabinet in the last century; less than 10% of Obama’s cabinet has any private sector experience.

So that’s the most obvious answer to the question of why Obama needs this summit: no one in his current cabinet know anything about how business works.

While the most obvious answer, people who latch onto this answer are overlooking something.
Dec 5, 2009 at 11:15 AM | Unregistered CommenterKen
nice comments, joe...

ken...having to delete the same comments on story after story is giving me a concussion...just post a link once, to 1 board please...


N.F.L. Issues New Guidelines on Concussions
Dec 5, 2009 at 1:37 PM | Registered CommenterDailyBail
gobias...i watched the gibbs-tapper clip...

not the least bit interesting besides the 1 liner by gibbs....
Dec 5, 2009 at 2:02 PM | Registered CommenterDailyBail
Exclusive: Republican To Place Additional Hold On Bernanke In Senate Banking Committee
Dec 5, 2009 at 3:33 PM | Registered CommenterDailyBail

I am frustrated like Ken and I am not going to take it anymore.
Dec 5, 2009 at 4:39 PM | Unregistered CommenterGobiasBestFriend

Tiger's troubles widen his distance from blacks
By JESSE WASHINGTON, AP National Writer Jesse Washington, Ap National Writer
1 hr 14 mins ago

Amid all the headlines generated by Tiger Woods' troubles — the puzzling car accident, the suggestions of marital turmoil and multiple mistresses — little attention has been given to the race of the women linked with the world's greatest golfer.

Except in the black community.

When three white women were said to be romantically involved with Woods in addition to his blonde, Swedish wife, blogs, airwaves and barbershops started humming, and Woods' already tenuous standing among many blacks took a beating.
Dec 6, 2009 at 12:21 AM | Unregistered CommenterGobiasBestFriend
Racial tensions, the game of the left. The play it like the Royals play polo.
Dec 6, 2009 at 5:29 PM | Unregistered CommenterGobiasBestFriend

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