"Republicans have been trying to undermine the Federal Reserve mandate to strive for full employment," Reid said today after leading the effort to defeat Sen. Paul's bill which would have brought needed oversight to Fed activities.
The Federal Reserve operates under two main congressional mandates, maximizing employment and maintaining stable prices. It is not particularly good at either, but the idea that monetary policy can or even should be charged with creating jobs is absurd.
"Big Government types in Washington D.C. melt when you throw water on them and Rand Paul soaks them every time they cackle," Kentucky Progress publisher David Adams said.
