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Republican platform adds resolution to audit the Federal Reserve

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From San Francisco Chronicle.

Excerpt:

 The Republican Party platform promises to replace what it criticizes as President Barack Obama’s debt-swollen entitlement society with “a roaring job market to match a roaring economy.”

The platform reflects the influence of presidential candidate Mitt Romney, offering as the remedy for the nation’s economic ills a familiar recipe of low taxes, light regulation, expanded oil drilling and free enterprise. It vows to reduce personal and corporate taxes, repeal Obama’s health-care law, promote small businesses and avoid taxpayer bailouts of troubled financial institutions.

The 62-page roadmap, approved by a voice vote of the delegates yesterday at the party’s national convention in Tampa, Florida, promotes expanded trade and accuses the Obama administration of “a virtual surrender” to commercial rival China. The Asian country is stealing American trade secrets, manipulating its currency to make its exports cheaper, and hampering U.S. firms trying to sell to Chinese customers, the Republicans say.

Republicans call for banks to be “well-capitalized” and pledge to repeal the 2010 Dodd-Frank financial-regulation law.

Along with major economic policy shifts, the Republicans vow to transform the size and scope of government. Trillion- dollar annual budget deficits and mounting debt are harming job growth, they say. “The massive federal government is structurally and financially broken,” the platform says.

[…]Echoing a longtime demand of libertarian Representative Ron Paul of Texas, the platform calls for an annual audit of the Federal Reserve. And it proposes a commission to investigate “possible ways to set a fixed value for the dollar,” a reference to a potential revival of the gold standard.

The campaign document labels Fannie Mae and Freddie Mac, government-sponsored mortgage financiers, as “a primary cause of the housing crisis because their implicit government guarantee allowed them to avoid market discipline and make risky investments.”

That view, though widely held among conservatives, has been rejected by the Federal Reserve and three of the four Republicans on the government commission that investigated the 2008 financial meltdown.

Note that both Mitt Romney and Paul Ryan support auditing the Federal Reserve.

Presumptive Republican nominee Mitt Romney called for increased transparency at the Federal Reserve Monday, voicing his strongest support yet for an audit of the country’s central banking system.

“The answer is yes to that, very plain and simple,” Romney responded, when asked by a supporter at a New Hampshire town hall whether it was time to audit the Fed. “The Federal Reserve should be accountable. We should see what they’re doing.”

The mark aligns Romney with a growing cadre of conservatives championing an audit of the Federal Reserve, a group led by Romney’s primary opponent Ron Paul and his acolytes. Earlier this month,Paul’s “Audit The Fed” bill passed the House of Representatives with overwhelming bipartisan support.

After taking a more measured stance on the issue during the Republican primaries, Romney has slowly moved to embrace a Federal Reserve audit as support for the issue grows with voters across the political spectrum. Romney’s new running mate, Wisconsin Congressman Paul Ryan, has been a vocal critic of the central banking system, and is listed as one of 268 co-sponsors of Paul’s bill. 

Romney has also said that he will not reappoint Ben Bernanke if he is elected. I think that Ron Paul supporters should be able to decide who to support in the general election based on this information.

News

Gay activist who vandalized Chick-Fil-A restaurant will not be charged

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From the radically left-wing Los Angeles Times.

Excerpt:

A West Hollywood artist who allegedly painted the words “Tastes like hate” on the side of a Chick-fil-A restaurant because of the company president’s stand against gay marraige won’t be criminally charged by the L.A. County district attorney’s office.

Prosecutors announced Wednesday they were declining to press charges after Torrance police submitted a case.

[…]The graffiti — accompanied by a representation of a cow holding a paint brush — appeared during a week of demonstrations at Chick-fil-A restaurants nationwide sparked by company President Dan Cathy’s public denunciation of same-sex marriage.

Discovered about 6:40 a.m. Friday at the Hawthorne Boulevard restaurant, the vandalism coincided with “National Same-Sex Kiss Day,” when gay rights supporters asked couples to take photos of themselves kissing at Chick-fil-A locations.

Castro took credit for the graffiti in an interview with the Huffington Post.

“Everybody is entitled to free speech, but it seems like for the gay tribe, this is more of an issue of equal rights — human rights,” he said. “I’m against what these people stand for, what this company stands for. They’re trying to take away what little rights we already have.”

A day before he was taken into custody, Castro made another statement to the Huffington Post, telling his critics the act was “meant to further a discussion about tolerance and acceptance.”

“I didn’t use violence. I used paint. Artists for centuries have expressed their opinions through this medium and I am no different,” he said. “I am happy to pay for the costs of repainting the wall, but I am not — nor will I ever be — happy to sit quietly at the back of the bus.”

The left-wing media thinks that a crime can only be a hate crime when the right kind of people are victimized. Oh, oh, and Christians aren’t being persecuted for their faith in places like the Sudan, China or North Korea, either. Only secular leftist people can be victims, don’t you know? And if you disagree with this double standard then you’re a racist bigot, so there.

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Mark Regnerus’s research vindicated by University of Texas at Austin

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From Focus on the Family.

Excerpt:

The University of Texas at Austin announced Wednesday that a sociologist who has been excoriated by some in the media over a study showing that parents’ homosexual relationships can have negative effects on children is innocent of academic misconduct

Dr. Mark Regnerus made headlines in June, when his study was published in the widely respected journal Social Science Research. According to his findings, children raised by homosexual parents are more likely than those raised by married heterosexual parents to suffer from poor impulse control, depression and suicidal thoughts, require mental health therapy; identify themselves as homosexual; choose cohabitation; be unfaithful to partners; contract sexually transmitted diseases; be sexually molested; have lower income levels; drink to get drunk; and smoke tobacco and marijuana.

As a result, a gay-activist blogger accused Regnerus of academic fraud, demanding in July that the university release all his research material and emails with fellow sociologists.

Administrators conducted an exhaustive pre-investigation to determine whether a more comprehensive one would be necessary — including hiring a consultant who formerly ran the Office of Research Integrity at the U.S. Department of Health and Human Services to oversee the process.

After sequestering all of Regnerus’s correspondence and conducting both written and oral interviews with him and his accuser, Scott Rosensweig, Research Integrity Officer Robert Peterson wrote in an Aug. 24 memorandum to administrators, “None of the allegations of scientific misconduct put forth … were substantiated either by physical data, written materials, or by information provided during the interviews.

“Since no evidence was provided to indicate that the behavior at issue rose to a level of scientific misconduct, no formal investigation is warranted.”

There was not even enough evidence of misconduct for an investigation. Regnerus was very thorough and conscientious in the conduct of research – it was original, quality work. And this is in liberal Austin, no less! But will this be reported in the media as much as the accusations were? Not bloody likely.

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