Socialist Mel Watt (D-NC) Defends the Fed

What’s wrong with this picture?

Rep. Mel Watt (D-N.C.), a member of the far-left Congressional Progressive Caucus, defended the totally out-of-control Federal Reserve Board saying an audit of it would “substantially castrate the Fed so it cannot do what it was set up to do.”

I thought socialists hated the Fed, viewing it as a key instrument of capitalist oppression.

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
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