Monday, August 26, 2013

CONSERVATIVE ACTION PROJECT 08/26/2013

Conservative Action Project 

   The Conservative Action Project, chaired by former Attorney General Edwin Meese and former Congressman David McIntosh, is designed to facilitate conservative leaders working together on behalf of common goals. Participants include the CEO's of over 100 organizations representing all major elements of the conservative movement-economic, social and national security.

To Grow the Economy, Get Monetary Policy Right

    Current Event:

Among the critical agenda items that the Conservative Action Project has identified for the 113th Congress is a call to "establish a national monetary commission to review the likely outcomes of principled monetary policy prescriptions."  This directly tracks a plank in the 2102 GOP Platform, calling for a "commission to investigate possible ways to set a fixed value for the dollar."  The Constitution, in Article I Section 8, gives the power exclusively to the Congress to "coin money, (and) regulate the value thereof." 


    Action:
  • Congress should pass legislation to create a monetary commission to examine how our monetary policy effects economic growth
  • Conservative leaders and organizations should support monetary policy reform that is consistent with free-market, limited-government, constitutional principles
    Issue in Brief:

A century after the creation of the Federal Reserve, and decades after Congress gave the Fed their "dual mandate" for both price stability and full employment, many policy makers have rightly called for a re-examination of our monetary policy.  Especially in light of the extraordinary actions of the Federal Reserve during the financial crisis since 2008, there is strong need for such a review.

On March 14th, Rep. Kevin Brady (R-TX), chairman of the Congressional Joint Economic Committee, together with 12 original co-sponsors, introduced legislation, which calls for establishing a commission to "examine how United States monetary policy since creation of the Federal Reserve has affected the performance of the U.S. economy in terms of output, employment, prices, and financial stability over time."

Such a commission would provide an invaluable opportunity to examine the role that monetary policy under Presidents Bush and Obama has played and continues to play in historically low economic growth and historically high unemployment, as well as in in Washington's failure to facilitate an economic climate in which abundant money is available at affordable rates to working and middle class families with good credit.   As demonstrated by President Reagan, good monetary policy is as crucial to economic growth as is good tax, spending, trade, energy, and regulatory policy. 

    Signed:

The Honorable Edwin Meese III
Former Attorney General
President Ronald Reagan

The Honorable David McIntosh
Former Member of Congress
Indiana

Chris Chocola
President
Club for Growth

Grover Norquist
President
Americans for Tax Reform

L. Brent Bozell III
Chairman
ForAmerica

Tony Perkins
President
Family Research Council

Colin Hanna
President
Let Freedom Ring

Al Cardenas
Chairman
American Conservative Union

Ralph Benko
President
Center for Civic Virtue

Jenny Beth Martin
Co-Founder
Tea Party Patriots

Amy Kremer
Chairman
Tea Party Express

Bob Reccord
Executive Director
Council for National Policy

The Honorable J. Kenneth Blackwell
President
Constitutional Congress, Inc.

The Honorable T. Kenneth Cribb, Jr.
Former Domestic Advisor
President Ronald Reagan

The Honorable Alfred S. Regnery
Former Publisher
The American Spectator

The Honorable Becky Norton Dunlop
Former White House Advisor
President Ronald Reagan

Bill Walton
Chairman
Rush River LLC

Ron Robinson
President
Young America's Foundation

Gary Bauer
President
American Values

Phil Kerpen
President
American Commitment

Eli Lehrer
President
R Street Institute

Jim Martin
Chairman
60 Plus Association

Jim Ryun
Chairman
The Madison Project

Myron Ebell
President
Freedom Action

Chris Littleton
President
Ohio Rising

Mallory Factor
President
Mallory Factor, Inc.

Peter Thomas
Chairman
The Conservative Caucus, Inc.

Susan Carleson
President
American Civil Rights Union

Lew Uhler
President
National Tax Limitation Committee

Peter Ferrara
Senior Fellow
National Center for Policy Analysis

C. Preston Noell
President
Tradition, Family, Property, Inc.

Mario Lopez
President
Hispanic Leadership Fund

Tom Donelson
Chairman
Americas PAC

Andy Blom
Senior Strategist
Center for Civic Virtue

The Honorable Jim Miller
Former OMB Director
President Ronald Reagan

Chris Malagisi
President
Young Conservatives Coaltion

Chuck Cooper
Cooper & Kirk, PLLC

Gene Mills
President
Louisiana Family Forum

Lee Beaman
Businessman
Nashville, TN

Robert Fischer
President
Fischer Furniture, Inc.

Dan Oliver

Connie Marschner
 
(All organizations listed for Identification purposes only)

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