The Schiff Report Peter Schiff Responds to Obama (04/14/ 09)

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[fuzzywzhe]

> Peter wants to completely do away with any regulation of the markets,

> well that doesn't quite work and has never worked

SURE it does.

Let bad companies eat their mistakes. Let the banks that have made wreckless bets on giving deadbeats loans of 600,000 for a shoebox home, go under.

That's a free market. Not only do you make money when you make good decisions, you go BANKRUPT when you make bad ones, AND you face consequences from bad business decisions.

[fuzzywzhe]

> I think it the height of ignorance when a person complains that free

> market advocates only care about profits, while crowing the virtues of

> the state as if it weren't bleeding its people dry.

Liberals are just Libertarians that don't realize yet that the government isn't acting and never will act in the best interests of the people they rule and they believe that the government can be controlled. They just don't realize that government acts and IS a mafia.

[787Bisurdaddy]

"well that doesn't quite work and has never worked."

It's NEVER HAPPENED. We've never had a completely unregulated market. You're operating under false pretenses, using revisionist history to support your argument. That's why I'm not the only person disagreeing with you.

[react1200]

FDR repealed Hoover's actions, implemented bottom up economics, purged the banking system and the corrupt corporation and Wall St through the Pecora Commission, and expanded infrastructure. Peter is wrong about FDR and his follower should take a fucking history class.

[react1200]

Peter wants to completely do away with any regulation of the markets, well that doesn't quite work and has never worked. You need to go back and re-read my posts. Its all relative, cause and effect.

[787Bisurdaddy]

And what does ANY of that have to do with deregulation? (Here's a hint: government interference like the kind you just mentioned is the absolute opposite of deregulation.)

[react1200]

Revisionist theory??? Hoover appointed Andrew Mellon and president of Alcoa who created a shortage of aluminum in the US and sold it cheaply to the Nazi party. Mellon promoted Laissez-faire capitalism and trickle down economics which led to a centralization of wealth. We just saw the same with Bush.

[787Bisurdaddy]

"It was Hoover's trickle down economics and deregulation that created the depression." etc.

Wow. I don't know how to respond to such revisionist history. The only times that government has actually improved things is when the administrations took a limited role and allowed things like the economy to fix themselves.

[react1200]

It was Hoover's trickle down economics and deregulation that created the depression. There was a centralization of wealth, it was acquired fraudulantly. FDR came in, purged the banks, regulated, protected and created. Truman came in, repealed, created CIA and low and behold were in the UN. Thats globalism for you kids.

[787Bisurdaddy]

"think about it, they are only after profits"

I think it the height of ignorance when a person complains that free market advocates only care about profits, while crowing the virtues of the state as if it weren't bleeding its people dry. I'm absolutely dumbfounded every time I read such a comment.

The state only enables greedy people to satiate their greed "legitimately" through the use of force. It eliminates competition and creates a legalized monopoly on anything it provides, THAT'S IT.