Congresswoman DeLauro voted an enthusiastic YES to the Bush Doctrine along with the rest of the Democrat leadership. H.R. 2346, the immensely expensive Supplemental Appropriations Act, passed overwhelmingly by the party that was supposed to have won the 2006 election because of their opposition to the war. Now the veteran incumbent Democrats can’t wait to intensify war activity in Afghanistan while keeping Iraq on the burner. And all it costs is $81,000,000,000, or an extra $315 per person this year.

Hypocrisy, anyone?

On this day, 8 May 1945, now 64 years ago, our brave soldiers finally crushed the greatest tyranny in world history.

If you know a World War II veteran, be sure to thank him for his service to his country and to the four generations born in freedom since then.

Congresswoman Rosa DeLauro finally got on the bus and praised the President for his efforts to reform the tax code. As her press release put it, this reform is designed to curb the abuse of offshore tax shelters and eliminate tax incentives for shifting jobs overseas.

“That our tax code contains advantages for creating jobs overseas and opportunities to avoid paying taxes, defies common sense. Tax havens allow individuals and businesses to avoid paying their taxes, which results in an extra burden for those who do pay their share. We need to close the loopholes so that offshore tax havens and tax shelters will no longer be an option to hide income and assets.”

We can thank the Congresswoman for taking a position, but she takes it with a vindictive tone, as though legal tax havens are a crime and she’s part of the posse.

“I welcome President Obama’s efforts to restore balance to our tax code and look forward to working with my colleagues to take steps to fix our broken system.”

One problem is, the potential side-effect of taxing income earned overseas is that whatever corporations still call America home may depart for cushier places to situate their headquarters. A great many white collar jobs could be transferred to Dubai or Ireland, especially those in the Tech industry, as the AP reports:

Collectively, HP, IBM, Cisco, Microsoft and Google lowered their tax bills by a combined $7.4 billion in their last fiscal years by taking advantage of lower tax rates outside the United States, according to an analysis by The Associated Press. Through the years, these five tax companies have avoided U.S. income taxes and foreign withholding taxes on a combined $72 billion in undistributed earnings from their foreign operations.

Another problems is U.S. competitiveness in the global market, as the Wall Street Journal points out:

The President’s plan would limit the tax deferral on income earned abroad by tightening the rules, limiting allowable deductions and restricting eligibility for foreign-tax credits. Congress long ago created the corporate tax deferral to compensate for this competitive disadvantage. Under deferral, a company doesn’t have to pay the U.S. corporate rate until it repatriates its earnings. America now has the worst of both worlds: a high statutory rate and a tax code so riddled with complexity that it is both expensive to administer and inefficient at collecting revenue. The explicit goal of this plan is to reduce the incentive for U.S. companies to invest abroad, which Mr. Obama derisively calls “shipping jobs overseas.” This “solution” is antigrowth, job-destroying, protectionist and unlikely to raise the tax revenue he predicts.

Question is, why does Rep. DeLauro leap at idea of taxing corporations now? Why hasn’t our Representative opposed the hemorrage of blue-collar American jobs overseas? Why hasn’t she offered solutions to our broken system in the past?

This isn’t something that’s happened overnight, and yet Rep. DeLauro only “got the picture” early this year. Rep. DeLauro has had ten terms in Congress to push on saving American jobs, to encourage consumers to buy American goods, to promote manufacturing in America, but unfortunately, she has failed to do so.

After all of the disasters that have stricken America’s banking sector, the institution that made it possible should be audited: the Fed’s books should be flung open and examined line by line. But Title 31 USC Sec. 714, the law that created the Federal Reserve Banking System, forbids an audit on grounds of privacy for the borrowers of federal funds.

That is to say, all of the giant banking cartels that were borrowing from the Fed to buy up toxic mortgage assets and then sell them off to mutual funds, investment firms, hedge funds, and ponzi schemes at an enormous profit are protected from scrutiny. To paraphrase Chairman Ben Bernanke, secrecy has always been the foundation of banking, and changing that would undermine the very system he’s trying so hard to resuscitate.

Enter H.R. 1207, the Federal Reserve Transparency Act. It was written by Rep. Ron Paul, who is a well-known opponent of the Fed. In fact, every year he ritually submits a bill to repeal the Federal Reserve Act as a matter of duty. Concerning the Fed’s business practices, Rep. Paul says:

Since its inception, the Federal Reserve has operated without sufficient transparency or accountability to the American people. In fact, current law specifically excludes the Fed from audit or real congressional oversight. No government agency has such an utter lack of sunshine.

The Federal Reserve has created and dispersed trillions of dollars in response to our current financial crisis. Of course, I am among the most outspoken critics of the bailouts, but Americans across the nation, regardless of their opinion of the TARP program, want to know where that money has gone and exactly how much has been spent.

Currently, H.R. 1207 has 230 cosponsors, and is receiving its broad support not only because there is a general outrage over what the most powerful and unaccountable banking system has done, but because the legislation itself is so simple:

The bill removes a line from the original Federal Reserve Act of 1913. It is the subsection that forbids the Fed to be audited. Short, effective, impacting. This is the sort of commonsense legislation We the People can have confidence in. Naturally, Rep. Rosa DeLauro’s name is nowhere to be found among its cosponsors.