Saturday, August 11, 2012

Paul Ryan Agent of the Banking Class

Bloomberg Reports

  • Rep. Paul Ryan  has more than $5.4 million in his campaign account  
  • Romney’s campaign raised more than $1.2 million after announcing Ryan’s addition to the ticket
  • Ryan opposes the 2010 financial regulation law that imposed new rules on an industry blamed for contributing to the worst economic downturn since the Great Depression (wants more deregulation)
  •  Lobbyists including the American Banking Association and the Financial Services Roundtable scheduled a fundraiser for Ryan’s leadership political action committee
  • Lobbyists for lenders that make short- term loans online held a fundraiser for Ryan’s re-election campaign

Ryan’s budget proposal to end traditional Medicare for future generations would benefit private insurers!!!
  • Insurance employees and political action committees have given $815,328 to Ryan’s election efforts over his career
  • Wisconsin based private insurance  Northwestern Mutual Life Insurance Co. and related family have been donating more than $89,000 annually to Paul Ryan's campaign.
  • Employees of the National Beer Wholesalers Association have been contributing $75,000 annually to Paul Ryan's campaign
Paul Ryan's Net Worth estimated between $927,100 and $3.2 million (2010)

Top Contributors: Baker Tilly Virchow Krause LLP, PricewaterhouseCoopers LLP, Northwestern Mutual, Wells Fargo & Co. (WFC), Abbott Laboratories (ABT), Abbott Laboratories (ABT), UBS AG (UBSN) and Home Depot Inc. (HD)

    • Ryan’s Prosperity PAC had $724,265 cash on hand at the end of June, according to FEC reports. His campaign account of more than $5 million can be turned over to the Republican National Committee; it can’t be used directly by Romney’s campaign. 

Friday, August 10, 2012


 the House voted 327-8 to pass Ron Paul’s “Audit the Fed” bill. But the legislation is dead on arrival in the Senate, thanks to Senate Majority Leader Harry Reid who has vowed not to allow the Senate to vote on it. But it wasn’t always this way with Reid.

Reid championed the legislation, according to watchdog

In the video of the 1995 speech, Business Insider writes, Reid sounds a lot like Paul:

“I have sponsored legislation every year that would call for an audit of the Federal Reserve system. I offer that amendment every year, every year it gets nowhere,” Reid says. “I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve — it‘s taxpayer’s money that’s being used there. But we don’t do that.”

“People just don’t care about the Federal Reserve. Maybe it‘s because it’s a subject that’s not very interesting — it’s not pornography, it’s not murder, it’s not an issue that deals with the Wild West.”