Ron PaulIt will come as a surprise to many Americans to know: 1) the Federal Reserve is not part of the U.S. government, but is a private organization; and 2) it has never been audited. But more than half of the members of the U.S. House of Representatives have become cosponsors of Congressman Ron Paul's bill to audit the Fed, and similar legislation has been introduced in the Senate.

Ron PaulBill H.R. 1207 to audit the Federal Reserve now has 200 cosponsors. That’s 45 percent of House members, closing in on a whopping 50 percent. Impressive. So much so, the Federal Reserve is hiring public-relations guru and veteran lobbyist Linda Robertson as a resource to advise the Fed on “communications strategies.”

cash for clunkersThe U.S. House of Representatives passed a $4 billion “Cash for Clunkers” bill on June 9 that is aimed at both increasing fuel economy of cars and bailing out the beleaguered U.S. auto industry. Of course, there’s no guarantee the subsidy would help U.S. automakers, who have generally specialized in larger, gas-guzzling sport-utility vehicles and luxury automobiles in recent years. The $4 billion subsidy, which is expected to be drawn from February's $787 billion federal economic stimulus package, may end up subsidizing purchases from Toyota, Honda and other foreign manufacturers that specialize in fuel economy.

whole body imagingOn June 4, the House voted 310-118 for a bill (H.R. 2027) limiting the use of whole-body imaging devices as the sole or primary method of screening at airports. Representative Jason Chaffetz (R-Utah) sponsored the bill, which drew support from both sides of the aisle.

SotomayorThere may soon be more “penumbras formed by emanations” in the invisible, unpredictable “living Constitution” if President Obama’s U.S. Supreme Court nominee, Sonia Sotomayor, should play a significant role in shaping the evolution of legal doctrine on the nation’s highest court.

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