Peter Schiff Explains Capitalism to CNN
Peter Schiff puts a smackdown on CNN WorldWide:
“You think bureaucrats in Washington know what kind of cars Americans want to buy? Socialism doesn’t work. Centralized government planning doesn’t work.”
“Our economy is in trouble because we are suffering the consequences of too much government.”
Heath_h49008 said:
Amen.
It’s rather sad that after nearly a century of public education, such a simple concept has to be explained.
Government doesn’t produce anything. It can only take from one, and give to another… by force.
This isn’t what we stand for.
This isn’t going to help anyone but political power-brokers and their friends.
Government caused this problem. More of the same will not reverse it.
We need Fox News to start reporting this to it’s sympathetic ears, and more voices like Peters to sound the call. Rome isn’t burning, it’s burnt. Throwing a bonfire won’t help.
Heath
February 22nd, 2009 at 6:57 am
Heath_h49008 said:
If they scream in DC when they hear someone wil dump some tea or send some teabags… (And I LOVE the idea of “tea-bagging” as a punishment.)…
…What will they do when someone calls for an open tax revolt?
It’s our money. We work to earn it. We don’t have to give it to you. We can take our toys and go home. Does Obama, our “Dear Leader Most Wise and Merciful” have the stones to send police and troops to extract the money by force?
Maybe…
But, are they ready for that?
Heath
February 22nd, 2009 at 7:09 am
Todd Kading said:
“One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.”
—Ayn Rand, 1975
February 23rd, 2009 at 8:36 pm
Julie Laumann said:
Gee, were those bureaucrats behind the credit default swaps, and the mortgage-backed securities? Or were these instruments in fact the result of unfettered capitalism?
It’s truly amazing that these slaves to the free market can rage against TARP & the stimulus and insult homeowners in danger of losing their homes, yet never address the culpability of lenders failing to do their due diligence in the quest to pad their ledgers, and speculators all too eager to buy into the illusory “ownership society” touted by the GOP.
Santelli derides as “losers” people who bought more home than they can afford, but conveniently sidesteps
1) the situation of hard-working Americans who have fallen victim to the recession through no fault of their own, and can no longer meet their mortgage payments
2) who is going to buy the houses he says should be foreclosed, when we already have a 2-3 year inventory of unsold properties
3) the negative externality that empty, unmaintained homes imposes on property values
A better approach would be to convert the underwater mortgages into rental agreements, which keeps people in the home, provides revenue to the banks, and leaves both politicians and right-wing blowhards out of the process.
When Santelli has to resort to convicted felons as a forum for his views, you know he’s the next Joe the Plumber. (Gibbs “threatened” you? Do you really think Americans are that stupid? Apparently so.)
February 24th, 2009 at 6:24 am