Watt's nomination goes down in flames

From Campaign For Liberty:

Yesterday, after C4L members flooded the Senate with phone calls, Harry Reid failed to get cloture to bring the nomination of Mel Watt to head the Federal Housing Finance Agency to the Senate floor!

As you know, Watt was a major promoter of the polices that helped lead to the collapse of the housing market in 2008, and he has been a vocal opponent of Audit the Fed, even working to water down and kill the bill.

Watt’s defeat was a major victory considering that, just hours before the vote, I was told by a Capitol Hill insider that powerful lobbyists were pulling out all the stops to get Watt confirmed!

But thanks to you and your fellow members’ efforts, Reid couldn’t muster the votes to bring the nomination to the floor.

This is a historic victory, because sitting members of Congress breeze through confirmation, especially if they have spent their careers carrying water for the powerful housing and banking lobbies.

Senate Minority Leader Mitch McConnell and the Senate GOP leadership, realizing the tidal wave of grassroots opposition, held firm in the face of Wall Street lobbyists and special interests who were pushing this nomination, and only two Republicans (Burr, from Watt’s state of North Carolina, and Portman of Ohio) voted to move the nomination forward.

But Harry Reid pulled a last-minute procedural maneuver so he can try again later to pass Watt’s nomination — and you can bet President Obama and his allies on Wall Street are twisting arms to get the votes to enable Mel Watt to inflate another housing bubble, so we must stay vigilant.

The same special interests supporting Watt are also going all out to rush Federal Reserve Chair nominee Janet Yellen through the Senate and stop our attempts to Audit the Fed.

Though we beat them yesterday, the fight to Audit the Fed won’t be easy.

That is why it is so important you watch the video message from Senator Rand Paul and Campaign for Liberty President John Tate concerning our plans to pass Audit the Fed.

And please support Campaign for Liberty’s efforts with a contribution of $15, $10, or $5.

If you are already supporting this effort, please forward the video to your friends and ask them to join the nearly 75% of Americans who support Audit the Fed!

In Liberty,

Norm Singleton
Vice President of Policy

P.S. You and I have our best opportunity yet to pass Audit the Fed in the Senate, so please watch our video featuring Senator Rand Paul and C4L President John Tate and take action today.

And please help C4L expand our efforts on Audit the Fed with a contribution of $15, $10, or $5!

To sign petition and view video