Peter Schiff Dec 4 CNN Headline News - Part 2

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Uploaded by on Dec 5, 2008

Peter reminds us that two wrongs do not make a right. The only solution, according to Mr. Schiff, is to let the industry go bankrupt. Velez-Mitchell quotes an interesting fact that America makes only one of the current top Hybrids on the market and tosses to Mayor Virg Bernero who claims that the auto industry is well run and has a great track record.

In this segment Bernero claims Peter, "A Wall Street Wizard", should also be held responsible for the current conditions.

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Top Comments

  • Another mayor that knows absolutely nothing. Where do they find these guys?

  • "Patriotism", lol.

    So patriotism equals socialism now?

    This country is screwed.

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  • @IamAlexM16 Where do they find these mayors who know absolutely nothing? That's easy. Us Americans know absolutely nothing and we elect them because they tell us what we want to hear.

  • 2009 was the aftershock

  • Bernero is a complete amateur!!

  • GDR352 -- That is true , They need to lower taxes , and make health care less expensive ,

    800 military bases around the world eat a lot of CASH ...

  • Man the format of this show sucks, Please tell the moderator and ignorant callers to stop chiming in.

  • "they're overpaid" LMAO Peter.

  • Peter Schiff is correct in his viewpoint right down the line. As for the mayor Lansing, Michigan, he obviously has a vested interest in the bail-out of the auto industry. It means preserving jobs in his city and collecting taxes from the automakers. If they go bust, so does Lansing.

  • Peter kicked that politician's ass all over the place!

  • The Trillions are being held for the Bankers. They could care less about the people I think.

  • His point was that because Japan covers all of its citizens with health benefits Toyota, et. al. don't have to provide them.

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