One aspect of the behemoth finance reform bill now being debated in the Senate that has not attracted any mainstream media attention is its limitations on congressional power over the Federal Reserve. In particular, the bill in its current form would overturn legislation, passed by the House late last year, that would give Congress the power and, indeed, the legal obligation, to audit the Fed.
Once again, the mainstream media has failed to do its job, requiring Glenn Beck to expose more secrets of the Obama administration. This time, Beck has unveiled the agenda of the Chicago Climate Exchange, and perhaps most notably, the connections between President Barack Obama and Goldman Sachs, the organization that he has pretended to reprimand publically while apparently scheming with it behind closed doors.
The new federal healthcare law, often referred to as ObamaCare, will impact all Americans with threats of fines and unprecedented federal intervention in regulating the insurance industry, doctors and healthcare professionals, businesses, and even the family. Art Thompson, CEO of The John Birch Society, explains that the Patient Protection and Affordable Care Act and the reconciliation bill are just a framework to be filled in as bureaucrats add regulations to the new law. “There’s no smoking gun. It’s a cocked pistol that’ll be fired when the regulations come down,” Thompson says, adding that most people “apparently haven’t noticed the fact that this is a program to reach down into every home.” Here’s the impact in brief:
A secret FBI videotape showing the transfer of classified military documents to a communist Chinese agent was released in February to the world, providing a brief peek at the shadowy world of espionage against America. Pentagon analyst Gregg Bergersen with the Defense Security Cooperation Agency is shown receiving a wad of bills and telling People’s Republic of China spy Tai Shen Kuo that he’s “very reticent” to let him have the information “because it’s all classified.”