A poll to make libertarians happy

Miscellaneous Current Events
1

"Eighty percent (80%) of Americans now agree with Congress that auditing the Federal Reserve Board is a good idea, according to a new Rasmussen Reports national telephone survey.

Just nine percent (9%) oppose an audit of the Fed, and 12% more are not sure.

This marks little change from December. But it’s up five points from last July when Congressman Ron Paul’s proposal began to gain steam in Congress.

Fed Chairman Ben Bernanke has consistently opposed such an audit of the Fed’s monetary policies, but it’s included in the major financial regulatory legislation now being pushed through Congress. Forty-six percent (46%) of Americans oppose more government regulation of the U.S. financial system, but 37% are in favor of it. Just 27% favor giving the Fed more regulatory control over the financial system."

http://www.rasmussenreports.com/public_content/business/general_business/may_2010/80_favor_auditing_the_federal_reserve

2

Hasn’t it been watered down to the point of uselessness?

3

Honestly, I have no idea, I haven’t looked at the legislation. But that’s beside the point. The point is that the public is actually in at least partial agreement with RP.

4

There is no way in the world that 80% of Americans even know what the Fed is, let alone what it does and how it operates. So this is meaningless statistics. The crowd hears the the word “audit”, it sounds harmless and democratic, so they support it. Ask them if they support “auditing” private financial institutions and they’ll support it also.

5

Rasmussen also reported that 42 percent people randomly selected from a phone book would do a better job than Congress.

http://www.rasmussenreports.com/public_content/politics/general_politics/august_2009/42_say_people_randomly_selected_from_phone_book_better_than_current_congress

6

I doubt 80% of Americans could explain the basics of what the Fed does.