Dozens of financial experts disagree with each other about where our country is heading. If you're Peter Schiff, an economic fundamentalist, you see lots of problems ahead, just as he's been predicting for a few years:
Watch that video. The guy's unshakable grasp of facts that form the basis of the economy is hard to ignore.
If you're Ben Bernanke and Henry Paulson, we can spend our way out of this. Which is music to Obama's big government ears.
Tamara and I are spending all of our money right now to pay down our debt. We hope to be completely out of debt by the end of the year. No matter what happens, that's a position of strength. There's freedom in that. It's a position that works in most any scenario because it allows us to move whatever money we have in any direction we choose, instead of forcing it into places we don't necessarily want it to go.
Wooaaaa dude. You are so not down with the program here. What's with the fiscal responsibility, intelligence, and common sense? Too much of that and you'll get the Joe the Plummer treatment.
Maybe I should take my Citi Mastercard down to Circuit City and buy me a nice 60" flat screen tv. Then send Citi a nice little note when they request payment saying "take it from the bailout since I'm paying for that too."
If they want to spend their way out of this they should give us our tax dollars back so at least we get something out of it.
Paulson lost all credibility when he dropped to his knees and begged for the bailout. WTF? Both he and Bernake need to go. We need people who are not politicians who will work to fix the problem. It's already painful and going to get worse no matter what they do (great video, I'll keep an eye out for him now). All we'll get out of this is more entitlements and national debt.
Now to find my shovel. I've got another 5" of global warming in my driveway.
Posted by Pale Rider, 11/25/2008 9:07:51 AM
5" of global warming... lmao
Earlier this year on my web site, I wondered aloud whether parents who voted for more government spending really loved their kids because of the burden it will place on their kids later in life. I lost a couple of friendships over that post. But just as this guy makes no apologies about his position, I can't either. Yes, what I wrote was offensive, but at some point all of us have to be firm enough in our stance that the principle matters more than our reputation.
And then there is the flip side of that, which is that if no one listens to us, then we have no influence. How do you communicate the hard message and maintain audience? I haven't figured that out yet, but I think that the indisputable facts are our friends in times like that. It's better then if people can draw their own conclusions because the facts can't be ignored without looking like an idiot.
By the way, how do you think Ben Stein feels now, after ridiculing Peter Schiff, and then watching Peter be spot on in his analysis?