Peter Schiff says Barack Obama is poorly advised
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Peter Schiff thinks that Barack Obama advisors are not providing the right advice. Here are some keypoints Peter hits on in this youtube video:
“We’re not going to be able to spend ourselves into prosperity.”
“The government doesn’t have a pot of money that it can draw from. The government has to take the money from the private sector.”
“Government jobs tend to be alot less efficient.”
“It’s not going to stimulate anything. It’s going to hurt the economy and interfere.”
“We need to let the market work. If the government does nothing, we’ll have many more people working in the auto industry than it does today.”
“You don’t want to make a false conclusion. – In the long run, the cost of bailing out companies like General Motors, is worse than the cost of letting them fail.”
“Central government planning doesn’t work.”
“You can’t turn market related functions to central government planning.”
“Just because the market comes up today, it means nothing. In the long run, the economy suffers as we move more and more from free markets and more and more towards central planning and socialism.”
“The banking industry is heavily regulated. Regulations are the problem. The free markets should regulate – not the government.”
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Hey man..I really think Peter has been right on the money these past few years. Even when folks were saying the Economy was “Fundamenatlly sTRONG.” As the economic adviser to Ron Paul, he was responsible for speaking truth to power.
I don’t really think it matters whether it’s Obama or any other President…Policy is set by the Globalist cabal and the Rothchilds. Get ready for the AMERO!
Larry Lewiss last blog post..Social Media is WHAT?