It’s time to audit the Federal Reserve.
Gas prices have more than doubled from $1.85 per gallon when President Obama took office to $3.79 per gallon today. This is in large part due to the decline in the value of the dollar.
Oil is traded in dollars. The dollar has lost 40% of it’s value under this president as the Federal Reserve prints billions of dollars “out of thin air” to pay for Obama’s failed stimulus and massive government spending and expansion, exploding trillion dollar deficits leaving a national debt of fifteen trillion dollars, an amount we cannot hope to pay.
This is a no win situation for working families, struggling business and seniors and we are saddling our children with massive debt. Millions have lost their homes or face foreclosure and unemployment. Do you think that politicians in Washington really care about us? Do you trust the government or media when it reports, “there is no inflation?”
Obama has more Wall Street insiders in his administration than any other in history. Instead of reforming “too big to fail” banks, congress and President Obama allowed banking lobbyists to write banking and financial reforms. Why have executives from JP Morgan Chase and Goldman Sachs serve as Obama’s White House Chief of Staff. Is it just coincidence Goldman Sachs was the largest donor to Barack Obama in 2008?
Billions have been wasted on scandalous projects like Solyndra. The FBI is investigating the solar panel company that got over a half billion dollars with the help of Obama over objections of federal analysts, only to go bankrupt in less than a year laying off 1100 workers and leaving taxpayers with the bill.
A partial audit of the Federal Reserve sponsored by congressman and presidential candidate Ron Paul revealed Fed Chairman Ben Bernanke secretly loaned 17 trillion dollars to European banks. 84% of Americans oppose bailing out the European banks.
What else do the American people not know about the secretive operations of the Federal Reserve? Contact your congressman and senators and ask them to support Ron Paul and auditing the Federal Reserve. For congressman’s phone numbers, visit http://www.house.gov/representatives/#state_ma
Sen. Scott Brown Boston 617 565 3170 Sen. John Kerry (617) 565-8519