**Peter Schiff Delivers in Pomfret**. Jan. 12, 2010.wmv

http://schiffforsenate.com/

Senate candidate, best-selling author and world famous investment guru, Peter Schiff, was right at home among the fine citizens of northeastern Connecticut. On the night of January 12, 2010, Schiff, four other candidates and one representative of another were the guests at a Tea Party Social in Pomfret, CT. Three hundred fifty six (356) people gathered at the Pomfret Community School to hear from the candidates,

Schiff served everyone a full course of common sense, logic and his busiess expertise, well before the party broke for refreshments. Here he answers the two questions put to him by the organizers of the event.

Category:

News & Politics

Tags:

• peter schiff
• chris dodd
• freenorwich

[TheRepublicX]

No offence but Shiff has it all wrong. You uneducated morons certainly lap it up though.

[PALINSMITH]

As compared to you educated morons?

You have no idea, do you?

[justgetsome]

WOW! Peter is on fire tonight!

[Bankingcartel]

Are you serious? What the government is doing would prevent the health care industry from adjusting to adverse selection, which would put them all out of business, and leave the government the only one left to provide it.

I can provide an perfect example of this insurance industry.

I am a smoker, so therefore, I had to pay roughly twice as much for my insurance as a non-smoker. Which the theory of adverse selection says this can't happen, when in fact it does and has.

[MrObamaHATESwhites]

@TheRepublicX

So provide a counter example. Can you name a time where Bernanke and Geithner were right?

Are you dependant on large govt to wipe your ass for you?

Are you scared that there will be no more politicians to play santa clause ?

[NSX38]

schiff for presdent !

[PorpoiseMuffins]

@Epic878787 lrn2economics

[paulemeany]

LOL. Peter is funny. Neurotic and focused - he nails it every time. He talks the big picture in oh so obvious ways that the "central planning" governments don't like. And oh by the way, Americans won't take any economic "medicine" no way no how. Crack addicts need their bottom - and Americans are sure as hell not gonna stop this money drunkeness until they get theirs.

[pee6984]

explain to me why there were no problems in medical care before '65. Hmmm. maybe you need to look to towards the source of the problem. Study where health care started to become a problem and then you will understand that government created this problem starting with employer based health care and medicare.

[TheRepublicX]

LOL to the smoker, are you on crack aswell? Because you're assertion makes no sense and you clearly have no idea what i'm talking about, go take PhD level microeconomics then get back to me. Redneck.

[Epic878787]

This is all basically true but that is why we need protectionism and why we elect "representatives", because, in the moment, when you buy a product you will go for what's best for you instead of what's best for country, and this will lead to national disaster. This is exactly why we need protectionism and why strict-libertarianism/capitali­sm doesn't work.

[myhipsi]

The jobs aren't valuable, the plant is. You can't expect to compete in the world if you're going to pay someone $30/hour + benefits to turn a wrench all day long. Right or wrong, it is just simple economics. It's the same reason why you wouldn't pay double for a product just because it's made in America. Walmart has proven that. You can't have your cake and eat it too. Either wages and prices go up, or they both go down. Either way, someone's gotta pay.

[Bankingcartel]

also, any argument that government needs to be involved in the insurance industry to stop adverse selection in the insurance industry, would mean, that me being a smoker, I am less likely to buy the higher priced insurance, and the government needs to do something so I buy insurance. That is the nanny state crackdown nonsense.

The problem is the moral hazard of still covering these people through things such as medicare and medicaid, they know, even without insurance they will be treated