Posted on 03/10/2009 8:03:58 PM PDT by sickoflibs
“There’s a call now for global economic stimulus. The WSJ is referencing a story that Obama wants the rest of the world to stimulate. He’s saying that ‘American has done its part and the rest of the world needs to go out and stimulate’. Maybe Obama doesn’t understand that everyone can’t be riding in the wagon. Some people have to be pushing the wagon. The whole world can’t borrow and spend the money. Someone has to save and lend the money that we are borrowing and spending. Obama doesn’t understand the only reason we can stimulate our economy is we have someone else to lend us the money. If the rest of the world tried to emulate us it’s impossible. We all can’t borrow. Who are we going to borrow from? The only way we can do this is if we go on a giant sprinting spree. Unfortunately it’s probably going to happen. “
“You can see more and more news coming out that the decoupling (of economies) is materializing. There is a story about Mattel opening up a new Barbie Doll store that is the first store of its kind. And it’s opened in Shanghai instead of the USA. The Mattel executives said it was because the US sales were plunging and as American consumers were cutting back and spending less the Chinese consumers were spending more. They wanted to go where the consumers were. They wanted to go where the spending was growing not shrinking and chose Shanghai. … coming out of Asia you will find more and more examples of these things going on. It doesn’t get much press because the MSM still wants to act as if we are all in this together, everyone is falling apart, it’s better here (USA economy) than anyplace else.. The only way the world can really stimulate their economies is to stop subsidizing ours and stop propping our economy up. Eventually if Obama goes around the world demanding that other people stimulate their economies maybe somebody will finally listen to him. The problem is Obama isn’t going to like it when it actually happens “
Entire video at :
3/9/2009 Peter Schiff In “The Schiff Report” - Economic Update
If you realize both parties in Washington think our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut a few taxes and spend a few trillion and jump start the economy, and get our lost money back, this list is not for you.
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Peter Schiff is what we need now as the articulate and witty ‘ Prophet of Free Markets’ and the ‘nay-sayer of government intervention/socialism’ that warns us there is no Santa Claus or magical way to reverse past mistakes and he spares neither party for their responsibility.; We don’t need more drivel about how we need endless bailouts and endless stimulus packages and endless debt because the alternative is too terrible to speak of. We have the media and the party in power inciting public panic to gain support of their massive takeover of our property and our freedom.
Your Schiff fix
stimulate acorn abroad?
whatta joke. there’s no “stimulus” in the stimulus plan.
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