9/2/10 Peter Schiff -- Obama admin doing that exact opposite of what should be done with the economy

Peter Schiff has become a YouTube sensation over the years because he's been nailing it with his predictions on the economy. He's saying what I've been saying, that being that the stimulus's are the exact opposite of what we should be doing and will just make the economy worse. The Obama administration has increased the size of government by 25% in just a year.

The best thing to do in a recession is the cut spending as much as possible and to ride it out (no tax cuts which is where Bush 43 went wrong). Basically, do nothing which is what Bush 41 did and it cost him the reelection. You'll never change people indoctrinated by a biased media. The average recession lasts 9 months. Also, nearly all recessions were preceded by high gas prices. It's an economy killer. SUVs!!!!! We need to conserve. There is no viable alternative to fossil fuel despite the snow job from the politicians plus many predict that oil production will peak in the mid 2020's and that's going to be a nightmare.

Like I keep saying, the liberal position and any issue is that which does the most damage to America. That's some kind of hatred mental disorder. Look at people like Rosie O'Donnell, Jane Fonda, Bill Ayres, Janeane Garofalo, Joy Behar, etc.

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News & Politics

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• Peter Schiff
• stimulus
• economy