Wednesday, June 27, 2012

C4L: One Giant Leap

We are winning!

And don’t let anyone tell you otherwise.

This morning, Audit the Fed unanimously passed the House Oversight and Government Reform Committee by voice vote!

Only a few short years ago, just the thought of getting a committee hearing on such an issue was considered a long shot at best, let alone achieving such a remarkable victory!

But that was because the Washington establishment and the banking elite underestimated the power of true grassroots activism.

Today’s win is a direct result of hundreds of thousands of petitions, phone calls, faxes, and emails generated by passionate C4L activists like you around the country.

One congressman noted he had been contacted by “scores of constituents” supporting Audit the Fed.

As an example of why I’ve written in previous emails that nothing can be taken for granted, at one point this morning, Rep. Elijah Cummings (MD-7) introduced an amendment that, like the Watt amendment to H.R. 1207 in the 111th Congress, would have gutted Audit the Fed.

But your pressure helped keep it from succeeding!

In fact, it was truly astonishing just how quickly Representative Cummings withdrew the amendment after it became clear there was no support for it in the Committee - even from members of his own party.

Over the last four years, you’ve helped C4L make tremendous strides in bringing the Federal Reserve to the forefront of political debate and pushing the central bank toward transparency.

Of course, ultimately, America shouldn’t even have a Federal Reserve System to create moral hazard, keep interest rates artificially low, bail out friends and favored firms, and manipulate our monetary supply.

Today’s committee hearing was just one small step toward passing Audit the Fed, but also, one giant leap toward ending it.

Now, with a floor vote before the entire U.S. House in July fast approaching, I hope you’ll stand with us again as we look to jump another hurdle and carry this bill into the Senate.

If you’re not able to give at this time, we certainly understand.  Thanks to a crisis partially created by an out-of-control Fed, Americans are still struggling to recover.

But if you can chip in just $10 or $20 today, your help will go a long way toward reaching millions more Americans about our effort and turning Audit the Fed into the law of the land!

Our chances have never been better.

Thank you for helping make it possible for a strong, full audit of the Federal Reserve to pass a House Committee.

Now on to victory in the House!

In Liberty,

Matt Hawes
Vice President

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