By Matt Hawes
From The Hill:
A similar 74 percent of insiders believe Congress will not pass legislation requiring an audit of the Federal Reserve’s monetary policy. The Fed has come under heavy criticism this year for its role in propping up the economy and carrying out bailouts of major financial institutions. Federal Reserve Chairman Ben Bernanke received the fewest votes in favor of his confirmation of any Fed chairman….
The FD survey included 300 insiders working in lobbying, government, media, nonprofits and think tanks, among other associations. The poll was conducted between Jan. 31 and Feb. 1 with an error margin of 5.7 percent….
I can almost guarantee that a similar poll before the Audit the Fed effort ever started would have found that Washington “insiders” believed it would never get over 50 cosponsors in the House, never get any support in the Senate, and would stall out in committee.
We’ve proven all the insiders wrong so far (and taken the fight right to the top of the Fed during Bernanke’s confirmation hearings). Keep contacting Congress. Let’s prove the insiders wrong yet again.