Community | November 14, 2010 | 2 comments

The Tea Partier who SHOULD have made it to the Party

Radical_Centrist
Peter Schiff believes Americans should return to a basic economy that grows based on savings, not consumer credit.
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    Community,   books,   Monetary Matters,   Government Reform, Transparency & Accountability
  2. tags:
    Economy,  Business,  Government,  Money,  13 more
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2 comments // The Tea Partier who SHOULD have made it to the Party

  • toyotabedzrock
    • 0
      toyotabedzrock  

    • All I hear is someone making giving cover to the income inequity problem.

      If we do not take strong action now and show force we will be stuck with China like working conditions.

    • 1 year ago
  • thedirtman
    • 0
      thedirtman  

    • "Too many Americans bought too much stuff that they couldn't afford with money that they didn't have and we have to go back to an basic economy where the economy grows based on underconsumption based on savings. We have to produce more and consume less."

      The problem here is that he barely hit on any plan to produce more. Consuming less is the inferior of the two ways to produce real growth. Conservation provides only a small fraction growth compared to stimulation of production. The problem with the Obama plan is that there wasn't enough focus on production, only focus on stimulation. That isn't true leadership.

      The guy that Lee Iococca and aggressively productive Democratic leadership wanted would have been the better choice.

      http://www.youtube.com/watch?v=ONmuHxmrus8&feature=channel

    • 1 year ago
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