That is what readers of Bloomberg's discussion of the debate over auditing the Fed must think. After all, Bloomberg refers to a "Republican" bill with more than 300 co-sponsors. In the 435 seat House, the 300 co-sponsors of this bill would give the Republicans a comfortable majority. In real world land the Democrats still have a comfortable majority of the house. In fact, the bill to audit the Fed is not a Republican bill. One of the two leads sponsors is Alan Grayson, one of the most progressive Democrats in the House. It was co-sponsored by more than 100 Democrats. Perhaps Bloomberg can find a reporter who is a bit more familiar with the House to give a serious discussion of this effort to make the Fed accountable to Congress, just like any other government agency
--Dean Baker
