United Liberty: A President's Agenda for the First 100 Days

"Turning to economic policy, the first thing I would do is announce that I would direct the executive branch not to spend any more money of the $700 billion bailout passed by Congress in the fall. Part of my reasoning would be that Congress unconstitutionally gave the discretion of how to spend the money to the Secretary of the Treasury, and that I would not only not be bound to authorize spending any of the money, but I would also be bound by my oath to the Consitution not to usurp that decision from the Congress. Following from this, I would call upon Congress to repeal this and all bailout measures as a first and most important step to restoring fiscal responsibility.

I would also call upon Congress to authorize a full and complete audit of all proceedings of the Federal Reserve, and call upon Congress to follow up with major legislation to regulate the Federal Reserve to the hilt and require that all of its proceedings (including all meetings of the Board of Governors and all its committees) be conducted in public, with all information pertaining to its operations made fully available to the public. Legislation calling for the elimination of taxes on silver and gold, and legalizing competing currencies, would likely follow (though perhaps not in the first 100 days, depending on how the audit of Fed goes)."

Plenty to agree and disagree with here in this article, but there's no doubt that halting the government's free gifts to wealthy failures and forcing transparency on the machinations of the Federal Reserve are desperately needed.