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MSNBC's Dylan Ratigan talks to Rep. Alan Grayson about the amendment passed by the House Financial Services Committee to allow an independent audit of the Federal Reserve. If Alan Greenspan is not happy about it, I take that as a good sign they did the right thing. It only took putting this country on the edge of financial ruin that we're not out of yet for the S.O.B. to ever admit he might be wrong about anything.

Ratigan: Alright first big newsmaker of the Meeting, Democratic Alan Grayson, better known for some of his fiery comments on Republicans and health care, now taking aim at the Federal Reserve along with so many others. He says the Federal Reserve is more secretive than the CIA, and his new amendment co-sponsored by Republican Ron Paul would allow the first ever independent audit of the Federal Reserve. The amendment edged out a competing proposal from North Carolina Congressman Mel Watt who wants to limit those very audits.

Congressman Grayson now joins the Morning Meeting. Your amendment approved by the House Financial Services Committee—a huge step forward. Where do you go from here and what’s your level of confidence Representative that you can continue to addendum behind this piece of legislation?

Grayson: Where we go is to stop the secret bailouts. There have been hints and hints now for more than two years that the Fed’s been conducting huge bailouts on the scale of hundreds of billions of dollars to favor large failed banks. Now we’re going to find out all about it, and we’re going to decide whether it’s good or bad.

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Ryan Grim at Huffington Post has the details on the intrigue going on in the House yesterday with efforts to finally audit the Federal Reserve and find out where all those trillions of dollars are going.

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.

The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.

The amendment expressly blocks Congress from interfering with the independence of monetary policy decision-making, but opponents of the measure said that the political pressure would inevitably follow.

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From Democracy Now, Robert Sheer weighs in on how difficult it is to cover Wall Street during a discussion about Wall Street's massive profits and bonuses while the economy for most Americans continues to deteriorate. The one bright spot here is that tonight the House Financial Services Committee approved Ron Paul and Alan Grayson's amendment to audit the Fed.

Robert Sheer's latest article at Truthdig is Who Are You and What Have You Done With the Community Organizer We Elected President?

AMY GOODMAN: What about this new government report that’s found Goldman Sachs could have suffered dramatic losses if the federal government hadn’t intervened to bail out AIG, American International Group, the report by the special inspector general for the government bailout program raising doubts about Goldman’s previous claims that it was hedged against potential AIG losses?

ROBERT SCHEER: Yes, well, first of all, this has been—

AMY GOODMAN: What does all that mean?

ROBERT SCHEER: This is the big lie from Goldman, is that, you know, we didn’t—look, look what happened. Lehman was Goldman’s competitor, was allowed to go belly up, OK? The Secretary of the Treasury was a former head of Goldman Sachs. I don’t want to get into conspiracy theories here, but Robert Rubin was a head of Goldman Sachs, OK? And Paulson was a head of Goldman Sachs. They decide not to—you know, and Rubin was involved in these discussions, Lawrence Summers, Paulson and so forth. Timothy Geithner, who is our Secretary of Treasury, was head of the New York Fed for five years while all this was going on. So they say, “Let Lehman go, you know, down the tubes,” which is great for Goldman Sachs, because now you have basically two investment houses that are getting all the business. “But on the other hand, we’ll put all this money into AIG,” which was backing these junkie derivatives, these mysterious packages, “and it will be a pass through. People won’t notice, because we’re giving it to AIG.” $180 billion of our taxpayer money, we taxpayers get nothing in return, AIG is still in the toilet, but Goldman got its money. You know, it got upwards of $20 billion, that they don’t have to pay back. They make a big thing about “We’re going to pay back some of the TARP funds” and everything. And by the way, they were allowed to become a bank. No hearings, no judicial proceedings and so forth. You know, the very thing Lehman was asking for—“Let us become a bank so we can get some of this TARP funds and everything”—that was granted to Goldman Sachs.

You know, Ron Paul, by the way, who has been trying to go after the Fed, and he has an accountability piece of legislation that the Democrats have gutted, and said, “Let’s have an audit of the Fed. Let’s find out what does the Federal Reserve do. What are the deals they made? Where did the money go?” We don’t have that. And the inspector general of the Treasury Department, the inspector general, you know, Elizabeth Warren, all of these people have pointed—from the Congressional Oversight Panel—all of these people point out, “We don’t have the facts. We don’t know where the trillions are going.” We know trillions have been committed. We know all of these huge pools—Bank of America’s $300 billion of toxic assets have been backed up. But there’s no accountability.

I have covered the CIA, I’ve covered national security, and I’ve covered banking. I did it for the LA Times in one way or another for thirty years, OK? It is more difficult to cover Wall Street, in terms of secrecy and classification and their protection, than it is to cover the CIA and the Pentagon. That much I’ll tell you. You know, you get greater claim on the truth covering the Pentagon, as I did in my last book, than I’m having in my current book called The Great American Stick-Up that Nation Books is publishing. And, you know, these people go, “No, it’s proprietary. It’s our business. It has nothing to do with you.” And that goes for the Fed, which is supposed to be a government agency.

And so, for Chris Dodd to say, “No, we have to take power away from the Fed. We have to create a new independent agency to supervise these too big to fail institutions to make sure that they don’t go belly up and we taxpayers pay for them again,” he’s absolutely right. And people watching this, if there’s one thing they should demand from the Obama administration, is get behind the Dodd bill on taking power from the Fed and creating a new publicly accountable agency. That’s absolutely critical. Without that, we’re not going to get out of this mess, and we’re not going to prevent a future one.

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Keith talks to Rep. Alan Grayson about whether he thinks the Democrats will get a bill through the House this week and whether we'll be able to call what's passed reform. He also asked him what he thought would be in John Boehner and the Republicans' yet to be written health care plan they're supposed to be releasing this week.

Olbermann: You have already outlined on the floor of the House one of or the basic Republican tenets of a health insurance plan. When Mr. Boehner says he's going to have an alternative bill ready, first off they've been saying that all year and there's been nothing yet, so far. But is there actually one in the works and have your heard anything of what's been in it?

Grayson: I think what's in it is more of the same. They're going to try to do whatever they can to placate the insurance companies. The Republican national party is now a wholly owned subsidiary of corporate America and that's especially true of the insurance companies. They'll do whatever the insurance companies want.

Sadly the same thing can be said about a few too many of the Democrats with positions on the Senate Finance Committee. If you want to help out one of the good guys out there and donate to Rep. Grayson't Act Blue money bomb, here's the link.

In the 2006 cycle the candidate who attracted the most support from Blue America donors was Ned Lamont, with his campaign that served notice on the Democratic Establishment that the grassroots was unwilling to just eat up whatever crap it was served up from Inside the Beltway hacks. Blue America raised over $77,000 for him in our first year in action. The following cycle, saw another inspiring progressive primary challenger, Donna Edwards, attract the most donors and the largest amount (almost $65,000). It may be too early to tell, but it looks like 2010 cycle will mark the year of Alan Grayson. It's still only 2009 but Blue America has already raised over $30,000 for him-- without having even made an official endorsement! We've been collecting contributions for him at No Means No, a page dedicated to members of Congress who voted against Obama's supplemental war budget in June, and at Getting Grayson's Back, a page dedicated to standing up for him when he got GOP noses out of joint by telling the truth about their health care obstructionism.

Today Blue America is joining a netroots money bomb effort on behalf of Grayson, urging our community to band together and answer the Inside-the-Beltway and Villager mentality that says there's no room for a plainspoken truth-teller like Grayson in Congress. Nevermind, they tell you, that he studied economics at Harvard, then worked as an economist, then studied law at Harvard and then successfully pursued war profiteers and Bush cronies in Iraq-- even before being elected to Congress in a Republican district and becoming the scourge of banksters and assorted evil-doers dragged before the House Financial Services committee. No, to the Villagers, he's all about "outlandish rhetoric;" he's "the left's Michele Bachmann;" he's "pugilistic" and a "wing nut."

Rep. Grayson joins us below in the comments section where you can see for yourself he's quickly become the favorite member of Congress of Democrats and independents from across the country. And please, help out with the money bomb today.

Rep. Alan Grayson will join us on Monday for a quick chat before he heads back to DC as we enter the final stages of health care reform. Please check out his website "Grayson Has Guts."

As you know, he says what's on his mind and it's usually calling republicans out for their gutless behavior.

The RNC, GOP and every other republican/teabagger group have targeted Alan Grayson as enemy number one and they want him defeated at all costs.

We're participating in a "Money Bomb" for him that takes place on November 2, so it'll be great that he'll stop by and chat with us during his insanely busy schedule.

See you all tomorrow....

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Alan, Alan, Alan...you forgot to use the Keith Olbermann "How to talk to Bill O'Reilly's stalker-producer in a way that guarantees the interview doesn't get on the air" guide for dealing with this sort of situation. Bill-O decided to send his stalker-producer Griff Jenkins out to do another one of his ambush interviews to get Rep. Grayson to respond to calling Enron lobbyist turned Fed lobbyist Linda Robertson a "K Street whore", which Grayson has since apologized for.

Someone needs to send Rep. Grayson Keith's tips in case Griffy-boy decides to take some more time away from promoting the Tea Baggers and sit outside of his office all day waiting to shove a microphone in his face. Three words Mr. Grayson--Malmedy, Mackris, loofah.

Howie Klein's got more on Grayson's comment about Linda Robertson over at the HuffPo--Alan Grayson calls a whore a whore-- Beltway whores freak out & defend Enron lobbyist working at the Fed.

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There really wasn't a lot of substance to Alan Grayson's appearance on Hardball yesterday, but it is always pretty delightful to watch Grayson in action anyway. He just says what he thinks and lets the chips fall where they may.

The end got a little over the top, in fact:

Matthews: Dick Cheney—and that‘s how you pronounce his name—was out last night in black tie, along with his—well, his felon former chief of staff, who I think took the bullet for him in that whole matter, perjury and obstruction of justice.

And he wasn‘t out robbing gas stations. His behavior was right there in the office under Cheney‘s leadership. Anyway, the prosecutor in that case said there was a cloud over Cheney‘s head. The—the prosecutor obviously brought the justice to that guy Scooter Libby. He got convicted of a number of counts of perjury and obstruction of justice.

The president even held his nose and would not pardon these guys, wouldn‘t pardon Scooter Libby. Here‘s this guy, with all his inglorious background, out trashing the president of the United States for dithering.

Your response?

GRAYSON: Well, my response is—and, by the way, I have trouble listening to what he says sometimes because of the blood that drips from his teeth while he‘s talking.

But—but my response is this. He's just angry because the president doesn't shoot old men in the face. Oh, by the way, when he was done speaking, did he just then turn into a bat and fly away?

MATTHEWS: Oh, God. We have got to keep a level here.

Even if this kind of talk horrifies you, the fact that it's coming from a Democrat is actually a relief for those of us who've watched the party perfect its Village-approved Harvey Milquetoast routine the past couple of decades.

It's one of the traits that has really harmed the Democratic brand over that time, because it's led people to believe that they don't really have the courage of their convictions, that they won't stand up and fight for anything, that they don't really believe in anything.

Alan Grayson leaves no such impression. Even if other Democrats go fleeing in horror, he's doing them -- and us -- a real service.

You might expect a man who graduated from Harvard Law School with honors, and was later a law clerk in the D.C. Circuit Court of Appeals (1984-85) under Robert Bork, Ruth Ginsburg, and Antonin Scalia to know his stuff concerning the Constitution. And with that kind of background you might also reasonably assume such a man would not suffer fools gladly when presented with an alternate view of reality on U.S. Constitutional matters. Grayson uses the words of William Rehnquist and James Madison to destroy a rather hapless Paul Broun.

This is Rep. Alan Grayson and Rep. Paul Broun discussing a bill to deny funds to one specific named organization in a Science and Technology markup. Such a bill is known as 'a bill of attainder'.

h/t Ministry of Truth for the transcript

Chairman: "Mr. Grayson is recognized."

Grayson: "Thank you. I'd like to ask the gentleman from Georgia a few questions, and I'll yield to him for the purpose of having answers to these questions. Um, does the gentleman from Georgia know what a Bill of Attainder is?"

Broun (R-GA) "A bill of, the answer's yes, in fact it's been very explicitly described by the courts."

Grayson: "What is it?"

Looooooooooooooong pause while Broun looks through notes for an answer

Broun: "The courts have applied a two-pronged test. Number one, whether specific individuals or entities are affected by the statute, Number two, when the legislation affects a quote "punishment" end quote, on those individuals, it serves no legitimate regulatory purpose. "

Grayson: "What, um, does the Constitution says about Bills of Attainder?"

Broun: "Oh, I suggest that this is not a Bill of Attainder. It's, um, certainly does focus on a specific entity, but it does not inflict punishment by any means. In fact. . . "

Grayson: "Will the gentleman from Georgia explain what the Constitution says about Bills of Attainder?"

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Rachel Maddow talks to Rep. Alan Grayson about the trouble the Republicans have been having finding someone to run against him.

Maddow: So you now have somebody moving from another district—well two people—two candidates possibly moving from another district to run against you.

Grayson: Oh, they decided they’re in and three others—but you know we polled, we’ve already polled and we found out that people with fake names have better name recognition than people already in the race against me.

Maddow: You ran—you made up names…

Grayson: We made up names, right, we put them in a poll and the fake names did better than the current opponents.

Grayson on bipartisanship.

Maddow: On health reform let me ask you right now how you feel about the two sides right now. We talked about it at the top of the show. Sen. Jon Kyl, Republican, this weekend saying he doesn’t believe that death rates are higher for people who don’t have health insurance. The chair of the Republican Party says we just don’t need health reform. How do you see the two sides right now.

Grayson: I think that the Democrats have been fooled now for months by this fantasy of bipartisanship. Bipartisanship is a concept that’s become a weapon of mass distraction to keep us from actually doing what we need to do—to give people in this country universal health care—to give them affordable health care—and to give them comprehensive health care.

Because a lot of people find they get all the health care they need as long as they don’t need any. And that has to end. That’s not what American is entitled to and that’s not the kind of America most people want to see. But instead we get bogged down in these nuisances. I don’t remember hearing a lot about bipartisanship when we were talking about tax breaks for the rich.

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It looks like David Gregory is reading C&L and many other blogs because I've been saying that for the cost of the wars, America would have health care bought and paid for. David Gregory finally asked a Republican the same question. This clip also shows that republicans are living in a land far, far from reality if they actually go on TV and say Americans aren't dying because they have no health care.

David writes: Sen. Jon Kyl (R-AZ) told NBC's David Gregory that the war in Afghanistan is a "necessity" but health care reform is not as important.

"And is it a necessity to tackle the fact that there are more and more Americans who die because they don't have access to health insurance?" asked Gregory.

Kyl disagreed with the premise of the question. "I'm not sure that it's a fact that more and more people die because they don't have health insurance. But because they don't have health insurance, the care is not delivered in the best and most efficient way," said Kyl.

Talking Points Memo notes that it is indeed a fact that Americans die from a lack of health insurance.

I imagine Rep. Alan Grayson (D-FL) -- of "Republicans want you to die quickly" fame -- might have a field day with this one.

And for the record, a highly-publicized Harvard study released last month said that 45,000 deaths are linked to lack of health insurance coverage each year -- and that uninsured, working-age Americans have a 40 percent higher death risk than their privately-insured counterparts.

It would have been nice if Gregory followed up and asked Kyl to back up why he thinks Americans aren't dying over health care. That's what he does week after week. Show quotes and news reports to back up his questions, but to just let Kyl ignore the premise of the question is ridiculous. Gregory knows thousands are dying every month. It's not a secret or some super duper liberal code word. And the country shouldn't be spending blood and treasure on the two Bush wars like it is and the country knows it too.

But I don't want to focus on Gregory too much because at least he asked the question. Sen. Kyl is either a stone cold liar or really is that ignorant.
(David helped me with this post)

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Hey, good luck with that! I'm sure the shy and uncertain Rep. Grayson will fold quickly under all the Republican wonderfulness:

Republicans eager to unseat a brash Orlando Democrat who said their party's health care plan amounts to hoping people "die quickly" have so far been unsuccessful in finding a candidate.

But now comes a willing Republican -- all the way from South Florida.

Armando Gutierrez Jr., son of one of Miami's best-known political consultants and a member of local civic boards, voted in the city of Coral Gables as recently as April.

But he says he's the right person to take on Rep. Alan Grayson, who likes to call Republicans "knuckle-dragging Neanderthals" and has become one of the party's top targets in 2010.

Gutierrez, a 28-year-old real estate developer and Republican Party fundraiser, said he has already lined up endorsements from three Central Florida Republicans: U.S. Rep. Gus Bilirakis and state Reps. Chris Dorworth and Bryan Nelson.

At least three Orlando Republicans have declined to run against Grayson, who has millions of dollars of his own to spend on the race and is emerging as a rock star in the liberal wing of the Democratic Party. Even some Republican strategists say Gutierrez is a long shot.

"The fact that Republicans have to import their candidate from 300 miles away shows how strong Congressman Grayson is," said Eric Jotkoff, a spokesman for the Florida Democratic Party.

Gutierrez says he has been doing business in Central Florida for six years and started renting in downtown Orlando earlier this year. State law does not require congressional candidates to live in the district. He registered to vote in Orange County on Sept. 11, his birthday.

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From Real Time with Bill Maher Oct. 16, 2009.

Alan Grayson did a great job on Bill Maher’s show and countered some of Bill’s nonsense—like him citing a study that he doesn’t source—that the problem with our health care system’s costs are too many doctors just wanting to prescribe unneeded drugs, unneeded tests and unneeded surgeries. Grayson disagrees with Maher and says that our real problem is the amount of money the insurance companies are taking off the top and making money from denying care.

Grayson responds by saying “One person’s unnecessary test is another person’s life saving test. You can’t get around that”. He reminded Maher that the Bush administration skewed a study to show what they wanted it to show when it came to the amount of money trial lawyers are adding to the total cost of health care in the United States and he gets Maher to concede that “studies can say anything”.

When asked if he was disappointed in the President and how he’s “thrown in with these corporatist Democrats” and Maher says he knows Grayson is not one of them Grayson likens himself to Huey Long and says “You’ve got to put some jam on the bottom shelf where the little man can reach it”.

Grayson defends President Obama and says reads things a little differently and he thinks Obama is trying not to repeat Bill Clinton’s mistakes on getting health care reform passed.

Grayson says “Instead he’s letting Congress decide how to do things and it’s going way too slow. There’s a 122 Americans who die every single day because they don’t have health care. And I’ve been saying that for weeks. We’ve got to pick up the pace. We’ve got to save those lives. But I understand what the President’s doing and you know, people attack him and he turns the other cheek like any good Muslim would do”.

When Maher says his comment is going to be played on Fox News, Grayson says they have no sense of humor. Maher says it will be used as an attack ad against him and Grayson says they’ve got plenty of material already, so he's not too worried about it.

Grayson finished up the interview by saying we should be out of Afghanistan already and that he didn’t support a “war tax” but would be against anyone sending troops anywhere if we don’t have a good reason to be there.

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From the Democratic Party Convention in Florida.

h/t TheManimalMan

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More of Rep. Alan Grayson speaking some truth to power. From The Ed Schultz Show Oct. 9, 2009. When asked what he thinks of the Republicans being so negative about the President winning the Nobel Peace Prize, he responds:

Grayson: I think I understand their disappointment. They're not going to be winning the Nobel Peace Prize themselves anytime soon. They probably wish there a Nobel Prize for fear, a Nobel Prize for hatred, a Nobel prize for racism. You know, then they'd be in the running, but I don't think they're going to be winning a Nobel Peace Prize soon.