Reality Bites - A Look Behind the Dismal Economic Data

The Schiff Report (6/1/2012)
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• Category

  News & Politics

[StevieSpielz1991]

If there was ever one man to make immortal, itd be this guy right here. As long as there's such a coherent, logical spokesperson for fiscal sanity as Peter Schiff living in this country, the greater chance we all have of returning our government to its proper, original, constitutional form.

[pretorious700]

Romney=Obama=Romney, etc. No substantive difference between these clowns.

[jjenson2006]

I'm not a denialist,...but you are a sheeple who goes along with what government tells you.

Your 95% is just a small group known as the IPCC and NOT of climate scientists! In fact, there are MORE climate scientists that disagree with the IPCC than go along with it. Also, there were hackers that broke in to the email of the IPCC and found that the IPCC LIED about it.it's OLD news actually!

watch?v=Ydo2Mwnwpac

watch?v=FfHW7KR33IQ

watch?v=aKOSiYWwcio

[jjenson2006]

"It's not a sentient being."

You think government is?

"and is therefore subject to the same failures"

..and those who fail get punished by the market while those who succeed get rewarded. This is how the market weeds out the losers. When government fails (which it always does), the people get punished, but the government does not and so they can make the same irrational decisions again.

As far as the "biosphere", you have no substantial proof other than a special interest groups "opinion".

[jjenson2006]

Stop trying to play god; the market knows best!

[Chad M]

Regulations are too numerous.

[sha370z]

the fed pulls the trigger on buying mortgages in effort to lower rates

40 billion each month sep 12 2012

[Silasgt20]

welcome to Denmark 45%

[bluewater454]

Actually, we now have the highest corporate tax rate on the planet at 39%. We were tied with Japan for that prestigious honor until they lowered theirs to 36% a few years ago. If we were more competitive, we would lower our corporate tax rates to attract businesses from other countries instead of driving them out. If you want to attract businesses(and jobs) lower the cost of doing business. It isn't that complicated.

[dontdispie]

Are you familiar with the work of Romer and Romer, Obama's economic advisor until recently?

The answer to you question is we weren't in the midst of massive credit destruction but instead the early stages of massive credit creation cycle. We can absorb the negative effect of taxes when the economy is healthy. Raising taxes in economic contraction is exactly what France is doing. Let's watch how that turns out...