Peter Schiff vs Obama's Stimulus Plan 12/08/2008

http://jim.com/econ/chap04p1.html
To better understand why Barrack Obama's stimulus plan won't create new jobs without destroying others click on the link above.

Peter is a follower of the Austrian School of economics, to learn more please visit
http://www.mises.org

or go to

Ron Paul's Campaign for Liberty
http://www.campaignforliberty.com

.

Category:

News & Politics

Tags:

• Economic
• Collapse
• Obama
• Stimulus
• Crisis
• Ron
• Paul
• Bailout
• Keynes
• Austrian
• Mises
• Financial
• 2008
• CNN
• Peter
• Schiff

[pdex2165]

"Government jobs tend to be a lot less efficient."  No truer words have ever been said.

[cellspotbiz]

Wow shes just like a parrot of the Obama administration, CNN must be proud.

[TWSceptic]

@Rekopaa The hate is there because the media is always following blindly what Obama says! The media should be critical to government, not the other way around.

[fastyz400]

Just watched, Peter was so right.

[Rekopaa]

this woman was smart and was being respectful and probably playing devil's advocate. don't know why so much hate toward her..

[tigerhop]

@trueconservatie33 that's what I've been reading too. It seems only too obvious-massive inflation already because of stimulus and QE's, a stagnant economy, high taxes, a debt crisis, interest rates at near zero-they are going to have to raise rates soon. The bernanke admitted QE's failed. I read that the Fed might be purposely devaluing our currency so we don't actually repay the debt to China based on what it was worth when we borrowed it. We are exporting inflation.

[trueconservatie33]

@tigerhop yeah liberals failed to realize that unemployment never went below 10 percent under FDR's massive spending,and back then most of our debts are owed to our own citizens, but now its owed to China, Japan and Arab nations. We cant tax this problem, and we cant raise the interest rate, there will be hyperinflation like anything we havent seen before

[tigerhop]

The car companies still owe the American taxpayer 14billion dollars.  Union workers got off scot free while the rest of us get our money stolen by the government.

[tigerhop]

This woman thinks government forcing a car company to create green cars will solve the problem for the car companies. Problem is, only a very small percentage of their sales are for "energy efficient" vehicles. F150 is still the most popular car in the US. This woman doesn't understand how the free market fixes things better than government.

[tigerhop]

Peter teaches another ignoramus. This is how socialism grows- with ignoramuses in our media, education, and government sectors.

[tigerhop]

@trueconservatie33 I am very concerned too. Keynsianism has proven once again that it doesn't work. My hope is that the Republicans will recognize the ball is in their court. If they don't do anything, then the government will be forced to balance it's check book. If the debt ceiling isn't raised, they can't spend any more money. So what, we don't pay our creditors off for a little while longer. Everyone already knows the US dollar is being propped up. I hope Obama doesn't veto debt limit.