Peter Schiff – Obama Stimulus Plan and Big Government
- Peter Schiff comments on the Obama stimulus plan. Will more government intervention solve our economic woes? Is bigger government the cause of or solution to our problems?
- Peter argues that US government is causing mal-investment. Government is investing in corrupt and mismanaged corporations that are best left bankrupt. Bad corporations are rewarded for mismanagement and are given bailout money to acquire companies to grow.
- Peter says : let the free market manage the bankruptcy. Good companies will buy up viable business at a good price from bankrupt companies. No government involvement is needed.
- Telecast on 17 Jan 2009.
end
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
nice posting i like it im agree with you
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