24 POLICIES REPUBLICON WERE FOR BUT NOW AGAINST SINCE OBAMA WAS - TopicsExpress

24 POLICIES REPUBLICON WERE FOR BUT NOW AGAINST SINCE OBAMA WAS ELECTED PRESIDENT. #14 Federal Reserve The Federal Reserve is now a target for most Republicans, which is puzzling because it was a Republican idea. Proposed by Republican leader Nelson Aldrich to organize and regulate the banking system and to enforce monetary policy, and thus stabilize our financial system, the Federal Reserve Act was signed into law by Democratic President Woodrow Wilson in 1913. Republicans now want to dismantle or weaken the Federal Reserve because President Obama needs it to enforce Dodd-Frank which will make banks more responsible and accountable, and will protect consumers.

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