June 16, 2009
Good News about Audit the FED
By Jim Babka

Quote of the Day: "We have the greatest opportunity the world has ever seen, as long as we remain honest -- which will be as long as we can keep the attention of our people alive. If they once become inattentive to public affairs, you and I, and Congress and Assemblies, judges and governors would all become wolves." -- Thomas Jefferson

Subject: Good news about the "Audit the Fed" bills

Last Thursday we reported that the "Audit the Fed" bill (HR 1207) had 200 co-sponsors, and that the companion Senate bill (S 604) had zero cosponsors. But in the space of just four days...

* The House bill now has 224 cosponsors
* And the Senate bill has its first cosponsor, Senator Jim DeMint of South Carolina

Your pressure is working. In fact, the Federal Reserve Board has become so worried about this legislation that they've actually hired a lobbyist to fight it!

Let's keep pushing...

First, find out if your House Rep. needs to be thanked for being a cosponsor, or encouraged to become one.

* Go here
* Click on the radio button for "bill number"
* Type in HR 1207
* Look for the link for cosponsors, and click on it
* See if your House Rep is listed

Then go to's "Audit the Fed" campaign to send a message to your Rep. and your two Senators.

If your Rep. is a cosponsor, thank him or her. If not, encourage him or her to become one, and tell your two Senators to co-sponsor S. 604.

Use your personal comments to object to the fact that...

* The Federal Reserve Board has hired a lobbyist to fight this legislation
* Neither Congress nor the Inspector General knows anything about what the Fed has done with $9 trillion in off-balance sheet transactions, or anything about the profit or loss from $2 trillion in on-balance sheet transactions

Tell your Congressional employees that this is unacceptable, and that you will hold them personally accountable for failing to audit the Fed.

To exceed the 36,512 messages we sent last month we need to send at least 1,646 messages today.

Thank you for being a part of the growing Downsize DC Army. To see how your army is growing, check out the Keeping Score report below my signature.

Jim Babka, President, Inc.


We grew by 165 net new subscribers since our last report, which brings us to 1,350 net new army members for the year. The Downsize DC Army now stands at 25,699 -- nearly 70% of the way from 25,000 to 26,000!

YOU can make the army grow even faster by following our quick and easy instructions for personalized recruiting.

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NEW MONTHLY PLEDGERS IN JUNE: Dwight E. Baker, David H. Abernathy, John Murphy, Jeremiah J Blanchard -- IN MAY: Don Matesz, Silvy Berman, David Jones, Barbara Baxter, Nancy Kovar, Ryan Ackroyd, WM Michael O'Brien, John C Houghton, James Alan Speedie, THREE unlisted

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NEW ONE TIME DONORS IN JUNE: Rick Slusher, Dr. R.S. Gillinson, Edward J Krieger, Jan Berridge, SIX unlisted -- IN MAY: Dorothy Davis, Arlene Lindstrand, Dee Clary, Joan Garro, Jennifer Tarling, Richard Linchitz, Steven Palmer, Bruce N. Liddel, Ernest P. Eusea, Chris Reulman, David Anthony, Christopher T Wagner, Thomas Sartwelle, Jr, EIGHT unlisted

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