Hell hath no fury like a former liberal woman.
I love watching these clips to show how a). brilliant Peter Schiff is and b). to see how sound I am in my not trusting Barack Obama when he says “the best economists around.” This video just shows you even the “best economists around” are not only WRONG but DEAD WRONG!
Here’s Peter’s latest interview on Yahoo! Finance where he discusses the current proposal to get us out of this mess – the Porkulus. Also with the article is a great video interview where he explains how pertinent for our economic policy to focus on freeing up capital and saving.
The problem, he says, is the government is trying to perpetuate a “phony economy” based on borrowing and spending. With the U.S. consumer tapped out, the government is “now taking on the mantle” of consumer of last resort, he continues, predicting the bond bubble will soon burst – if it hasn’t already – ultimately leading to a collapse of the dollar and an “inflationary depression worse than anything any of us have ever seen.”
If nothing else, Schiff is an nonpartisan critic of American policymakers, comparing President Bush to Herbert Hoover and President Obama to FDR, and neither in a favorable way.
The reason I listen to someone like Schiff is because if you see in the video he’s stuck to his guns for nearly 3 years even while everyone else in the room was demanding he was wrong and some even laughing at him. Well, look who has the last laugh I guess. This is why I think the most humble/confident guy, not the loudest or arrogant, is usually the right guy. Why because he’s done his homework and he gives it to you straight. He’s not looking to sound super-smart or to get that zinger sound-bite. He’s just presenting it like “here are the facts, folks. It may not be pretty but it is what it is so we’ve got to own up to it and deal.”
But I think govt. is too busy looking at reality to understand we’ve just got to accept that we’re not going to get out of this right away and that spending like we have been the last decade is not the answer. It’s the American way though. I think Americans are too scared to go through “tough” times – you know times where they have to save their paycheck, not spend their entire income, take out multiple lines of credit to stay above water and keep debt at bay. So instead of owning up to it and chinning up to go through a more fiscally responsible time, they vote in politicians who’s policy is “having a financial crisis – we’ll here’s the solution, let’s take more money out of the economy (or borrow an insane amount of debt that we’ll have to pay back for years and years through higher taxes) and spend even 10x the amount of money.”
If you were a credit counselor and you had a client that was to the point of suicide because they couldn’t get a hold of their finances. To the point that what they made didn’t even cover the interest, let alone the principle, of their credit/debt lines. What would you advise them to do? Spend more? Yeah right.
It’s time for Americans to realize that we’re in a recession. It’s time to focus on saving and paying down our debt. It’s time for the govt. to start giving temporary income tax cuts to taxpayers so that they have a chance to save that money. It’s time to give business temporary tax cuts to reinvest in their businesses or so that they don’t have to layoff more workers. The current porkulus does not equal production and will only make things 1,000x worse down the line. Buckle up I think it’s going to be a bumpy ride.
The ranting and raving of a woman formally brainwashed under the liberal agenda. Through investigation, commentary and sarcasm about government, this woman is breaking free of the hypocritical liberal party that tries to manipulate women into believing only they can represent women’s rights. Get informed, get free, get Un-Liberaled! This blog does not endorse any particular candidate or party - although if I did, I most likely wouldn’t endorse a liberal candidate. For instance, Nancy Pelosi (D-CA) or as I like to call her Smancy Pelotox would not get my vote. Comprende? Good. Hope you enjoy the rants! :)