With all this GOLD mania, I'm curious to know if anyone knows Obama's record on coin legislation. Will he see fit to dump some gold out of our reserves to lower the deficit? or Are we headed for the Quadrillion plateau on the horizion??
nah Obama plans of monitizing the debt thus making the dollar worth about what the zimbabwe currency is worth it looks...
Tread carefully gentlemen. You are walking a very thin line with this discussion. One step to the wrong side of that line and this thread will be closed. Do it right, and you can discuss to your heart's content.
It would be interesting to know what coins he voted on before he took office. I wonder if he is a collector. You don't here much about our lawmakers and coins. I would thing now he probably signs most coin related stuff that has made it all the way to him. Has a president ever said no to a coin related bill? I'll bet conder101 could help on this.
Most coin legislation that manages to run the gaunlet of the House and the Senate does get signed into law. As far as I can recall the only legislation I know of off the top of my head that got through that wasn't approved by the President was the Bland Allison Act that created the Morgan dollar. President Hayes vetoed the bill and it went back to Congress and they passed it over his veto. While I can't say for sure what Obama might have voted on, it would only be those bills passed during 2006. (He missed most of the votes in 2007 and 2008 because he was out campaigning.) That would mean he did not have a hand in the bicentennial cents, the President dollars, the first spouse coins, the territorial quarters, or the National Park quarters. (Missed the vote passing the NP quarters, and Bush signed the act into law.)
I doubt that there would be much opposition to any coin bill unless/until some lobbyist or other industrial group begins to complain about government purchases of bullion leading to shortages or artificially high prices.
