Peter Schiff: "it's all fake, we are repeating the same mistakes" - Page 3 - U.S. Politics Online: A Political Discussion Forum

Tim · #31 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by MeadHallPirate

*sighs and paces the decks*

arg.

from what i be understandin', the roots 'o what ails us dates back decades. generations 'o americans have had lives 'o milk and honey, runnin' up the bills and seedin' the land with the horrors that face us today.

i, fer one, am not willin' to be the sole bearer 'o the weight of these actions in me one and only life that i get to have.

all this, "we should just let everything collapse because we'll emerge stronger!!!"

mate, if you want to face total personal economic ruin fer the sake 'o future generations, be my guest.

thats not me cup 'o tea.

i'd rather the pain be spread out evenly o'er the next century...and while we're at it, we can blame them who be havin' thar sunset years in bliss, them who have profited so handsomely from our errant ways, and sock it to'm.

tax'm (liberals, rejoice!).
take away thar entitlements (conservatives, rejoice!).

spread the fiscal agony out equally.

but whatever the government does, this whole "lets just have a nice depression so we can start o'er" approach doesn't suit me.

*puts his foot down*

- MeadHallPirate

ps - not to single you out, mighty chassisman. a few folks have suggested that this be the wise and proper approach.

I must agree with your analysis and conclusion.

I am a thorough going free-market man. But it is not possible - or appropriate or permissible - to separate moral and ethical considerations from the makets.

A full-blown depression would have resulted in dreadful suffering, including homelessness, starvation and crime, and it had to be avoided.

Ironically, of course, there is no indication that the US would survive to continue as a nation if a full-scale collapse were allowed to happen. A complete clearing of the decks would, indeed, lead to a recovery - but only if the social and economic structure are still in place.

Jefe · #32 (**permalink**) 2 Weeks Ago

I like Peter Schiff. There's a good chance I'll be voting for him next year. Dodd needs to go.

Tim · #33 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Jefe

I like Peter Schiff. There's a good chance I'll be voting for him next year. Dodd needs to go.

Interesting - my understanding is that you are not a conservative, but you are thinking of voting for Schiff.

I don't mean to suggest you are a thorough-going leftist

- I mention this only because it seems that Schiff appeals to those who would not necessarily vote for a Republican.

This supports my theory that economic pragmatism and common sense will be a winning combination in the coming years, across the political spectrum.

Disillusioned_1 · #34 (**permalink**) 2 Weeks Ago

Schiff isn't a conservative. He's a libertarian.

Tim · #35 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Disillusioned_1

Schiff isn't a conservative. He's a libertarian.

He is a conservative on economic policy. And we need more like him.

Disillusioned_1 · #36 (**permalink**) 2 Weeks Ago

Libertarians are economic conservatives, but are not 'conservatives' in the current general sense of the word, which nowdays includes social conservatives. In fact, libertarians take almost the complete opposite stance (from social conservatives) on social issues.

I don't find it surprising at all that common sense people would vote for someone like Schiff. I do agree, we need more people like him running for office.

Jefe · #37 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Tim

Interesting - my understanding is that you are not a conservative, but you are thinking of voting for Schiff.

I don't mean to suggest you are a thorough-going leftist

- I mention this only because it seems that Schiff appeals to those who would not necessarily vote for a Republican.

This supports my theory that economic pragmatism and common sense will be a winning combination in the coming years, across the political spectrum.

Historically, I do tend to vote for Democrats (probably about 75% of the time), but I sometimes vote for others. I've always liked libertarians to a certain extent, and if viable third party candidates become more the norm, I'll probably vote Dem less and less.

I'm still not certain I'll vote for Schiff - the election is a year away, after all, and I'd like to check out the other candidates as well. At the moment, I'm interested in anyone who has a chance at unseating Dodd.

iamwhatiseem · #38 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by Jefe

I like Peter Schiff. There's a good chance I'll be voting for him next year. Dodd needs to go.

Dodd needed to go about 10 years ago.

Jefe · #39 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by iamwhatiseem

Dodd needed to go about 10 years ago.

Unfortunately, I've been living off in another state for about 10 years, otherwise I might have voted against him last time around.

(To be honest though, I did vote for him back in the 90's)

Ernie S. · #40 (**permalink**) 2 Weeks Ago

Chris is at least as crooked as his father (Thomas J.) was. At least his dad got censured and virtually kicked out of the Senate.

MeadHallPirate · #41 (**permalink**) 2 Weeks Ago

*scratches his noggin'*

hmmmf.

the insightful Peter Schiff be sayin' that all them encouragin' signs that our economy be showin' be fake, and he be thinkin' that the stimulus our president be advocatin' be a disaster in the makin'. he literally be predictin' that the sky shall fall.

meanwhile, nobel prize winner Paul Krugman be positin' that while the stimulus has aided our listin' vessel...

Quote:

Without the recovery act, the free fall would probably have continued, as unemployed workers slashed their spending, cash-strapped state and local governments engaged in mass layoffs, and more.

...he also states that the stimulus be far too tiny and...

Quote:

at current growth rates we’d be lucky to see the unemployment rate fall by half a percentage point per year, meaning that it would take a decade to return to something like full employment.

Worse yet, it’s far from clear that growth will continue at this rate.

http://www.nytimes.com/2009/11/02/op...gman.html?_r=1

'tis hard to know who to believe, as both 'o these swabbys seem like smart folks. i'd reckon that both 'o them know more about such matters than the folks who people our harbor.

*wonders*

- MeadHallPirate

Disillusioned_1 · #42 (**permalink**) 2 Weeks Ago

Schiff has said the fall downward probably wont be as bad because of the stimulus. HOWEVER, he points out all that does is set us up for future failures since the powers behind the collapse won't learn their lesson and wont change their policies. He also believes that the climb back up will be a lot slower because of the stimulus, because inherently government meddling in private industry impedes capitalism rather than promoting capitalism.

So I'm not sure Schiff and Krugman are in significant disagreement except as to which scenario is worse. Schiff sees the government involvement, slow recovery, and more future collapses because of fundamental problems left unfixed as the greater evil. Krugman presumably sees the bigger harder collapse if the government DOESN'T intervene to be the greater evil.

EagleTed · #43 (**permalink**) 2 Weeks Ago

And I reckon Karl Marx and Leon Trotsky were pretty smart fellows as well. Didn't make them any less wrong, however.

MeadHallPirate · #44 (**permalink**) 2 Weeks Ago

ahoy Disillusioned1!

matey, it seems to me that Mr. Schiff be takin' a far darker view 'o the stimulus...

Quote:

the path of increased government intervention will lead to "unmitigated disaster," says Schiff

and...

Quote:

With the U.S. consumer tapped out, the government is "now taking on the mantle" of consumer of last resort, he continues, predicting the bond bubble will soon burst - if it hasn't already - ultimately leading to a collapse of the dollar and an "inflationary depression worse than anything any of us have ever seen."

http://finance.yahoo.com/tech-ticker/article/169781/Peter-Schiff-Stimulus-Bill-Will-Lead-to-%22Unmitigated-Disaster%22?tickers=^dji,^gspc,QQQQ,SPY,DIA,TLT,UD N

seems to me Mr. Krugman and Mr. Schiff be tackin' thar vessels in different directions, aye? Mr. Krugman has been quite critical 'o the limited spendin' that congress has authorized.

*salutes*

- MeadHallPirate

MeadHallPirate · #45 (**permalink**) 2 Weeks Ago

Quote:

Originally Posted by EagleTed

And I reckon Karl Marx and Leon Trotsky were pretty smart fellows as well. Didn't make them any less wrong, however.

*greets EagleTed and checks his notes*

Paul Krugman -

B.A. from Yale
Ph.D from MIT
Ford International Professor of Economics at MIT
John Bates Clark medal winner from the American Economic Association
Nobel Prize in Economics

aye, i consider this matey pretty well vetted.

yarrr!

- MeadHallPirate

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode