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Obama Is "Clueless": Peter Schiff Weighs in on SOTU, Jeff Immelt's New Gig
Yahoo Finance ^ | Jan 25, 2011, 11:28AM EST | Aaron Task

Posted on 01/25/2011 8:44:39 AM PST by cowboyway

President Obama is expected to call for increased spending on R&D and infrastructure during Tuesday's State of the Union address, according to reports.

The president is also expected to call for a decrease in corporate tax rates as part of his recent pro-business offensive that has already seen the appointments of executives William Daley and Jeffrey Immelt to senior advisory roles, and a promise to reduce onerous regulations. (See: Obama Shows His True Colors ... and They're (Still) PRO-Business)

But talk is cheap and Peter Schiff, president of Euro Pacific Capital, says President Obama is "clueless" about what the economy really needs.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Constitution/Conservatism; Government; Politics/Elections
KEYWORDS: clueless; economy; obama; peterschiff; schiff; sotu; stateoftheunion
Video in upper left section.
1 posted on 01/25/2011 8:44:44 AM PST by cowboyway
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To: cowboyway

Funny, we were just talking about Obama being clueless this morning.


2 posted on 01/25/2011 8:50:10 AM PST by FourPeas (From the same mouth come blessing and cursing. My brothers, these things ought not to be so. Ja 3:10)
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To: cowboyway

If this is news, you haven’t been paying attention.


3 posted on 01/25/2011 8:53:50 AM PST by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: cowboyway
Photobucket The SOTU will be no different than any-other time when he opens his mouth.
4 posted on 01/25/2011 8:55:14 AM PST by baddog 219
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To: baddog 219

Valerie Jarrett was on Fox and Friends this morning, lying her ass off. These people have no shame at all. Immelt is an absolute failure. Schiff is exactly right about this guy. The looters will have a field day....


5 posted on 01/25/2011 9:00:01 AM PST by cld51860
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To: cowboyway
OBAMA MTG
6 posted on 01/25/2011 9:03:00 AM PST by FrankR (The Evil Are Powerless If The Good Are Unafraid! - R. Reagan)
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To: cowboyway

Obama is not clueless. He just doesn’t give chit what the rest of America wants or has to say.


7 posted on 01/25/2011 9:04:27 AM PST by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: cld51860
The looters will have a field day....

And they've suckered the repubs into an evening of kumbaya.

8 posted on 01/25/2011 9:06:10 AM PST by cowboyway (Molon labe : Deo Vindice : "Rebellion is always an option!!"--Jim Robinson)
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To: Freddd
Obama is not clueless.

I'm going to politely disagree.

I believe that 0bama is as dumb as a bag of hammers.

9 posted on 01/25/2011 9:08:02 AM PST by cowboyway (Molon labe : Deo Vindice : "Rebellion is always an option!!"--Jim Robinson)
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To: cowboyway

The only reason GE is still up and running is because of government bailouts. Yea, Immelt is a business genius....NOT I wouldn’t want him running my kids lemon aid stand.


10 posted on 01/25/2011 9:08:23 AM PST by MsLady (If you died tonight, where would you go? Salvation, don't leave earth without it!)
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To: cowboyway
"President Obama is expected to call for increased spending on R&D and infrastructure"

Those are almost the exact same words used to characterize the stimulus bill when O was pushing it. Of course it turned out to be nothing of the sort.

11 posted on 01/25/2011 9:10:25 AM PST by circlecity
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To: FReepers
He Gave Everything

Will You Give Some?

12 posted on 01/25/2011 9:12:13 AM PST by DJ MacWoW (America! The wolves are at your door! How will you answer the knock?)
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To: cowboyway

“The looters will have a field day....
And they’ve suckered the repubs into an evening of kumbaya.”

Which is why I refuse to watch the damned thing. What a waste of time.


13 posted on 01/25/2011 9:20:02 AM PST by cld51860
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To: cowboyway

Peter Schiff is NO ECONOMIC GENIUS as he claims, and many of his predictions are totally bogus!

http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html ,
“ For one, Mike Shedlock of Mish’s Global Economic Trend Analysis gave an incredibly detailed review of Schiff’s track record in an article titled, “Peter Schiff was Wrong.” To get a little flavor of the piece, here is an excerpt:

12 Ways Schiff Was Wrong in 2008

•Wrong about hyperinflation
•Wrong about the dollar
•Wrong about commodities except for gold
•Wrong about foreign currencies except for the Yen
•Wrong about foreign equities
•Wrong in timing
•Wrong in risk management
•Wrong in buy and hold thesis
•Wrong on decoupling
•Wrong on China
•Wrong on US treasuries
•Wrong on interest rates, both foreign and domestic”


http://investingcaffeine.com/2009/09/07/the-emperor-schiff-has-no-clothes/


http://seekingalpha.com/article/106824-being-wrong-for-five-years-makes-peter-schiff-right-now

” Now, had you listened to Peter in 2002, 2003, 2004, 2005, 2006 or even 3/4 of 2007, you lost your shirt. Had you placed bets based on Schiff’s market calls, you lost everything you wagered.

The S&P (.INX) went from 1054 in May of 2002 (the date of the interview) to 1561 in Oct. 2007, a 48% gain and the Dow (.DJI) rose 40%.

Banking stocks, the primary victim of the housing bust, went up (JP Morgan (JPM) 36%, Bank of America (BAC) 41%, Wells Fargo (WFC) 39% , Wachovia (WB) 31% and American Express (AXP) 51%) during that time frame (dividends excluded which would dramatically add to results). “”


SCHIFF invests in America’s economic competitors ONLY
NOT A DIME in the USA
how is that smart??

ECON 101
When you invest in the firm that is the economic competitor to your own family, and your family does poorly, and their competitor does well, and you KEEP investing in your family’s competitor, YOU ARE PUTTING YOUR FAMILY OUT OF WORK!

Schiff doesn’t invest a SINGLE PENNY in AMERICA!!!

pro-immigration and said that there are too many jobs in the US we NEED to let in immigrants???

Peter Schiff admits on camera that he has ZERO money investigated in American corporations or industry. If Peter Schiff refuses to invest in American companies, how can Peter Schiff say he is helping Americans keep their jobs?

http://ameriborn.com/shifty/

This is SCHIFF in his own words!

PETER SCHIFF IS ACTIVELY INVESTING IN FOREIGN COMPETITOR NATIONS THAT ARE PUTTING AMERICANS OUT OF WORK!!!

Here is a link to his investment company and their business dealings from Google
http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4RNTN_enUS381US381&q=Schiff+%2b+pacific


Schiff is pro-gay marriage, pro-drug legalization and against the war in Afghanistan

http://blogs.courant.com/rick_green/2009/10/peter-schiff-arrives-give-me-m.html


Why do the Ron Paul guys support gay marriage?
http://www.queerty.com/ron-paul-on-gay-marriage-20071210/


http://www.schiffforsenate.com/index.php?q=news/constitutional-candidates-congress

Schiff’s own website endorses Adam Kokesh


All the Schiff bots are supporting a PRO-CHOICE candidate, too

http://www.youtube.com/watch?v=nDttx64zk4I


SCHIFF himself admits he believes the Iraq War is a QUAGMIRE in 2009!!
http://www.freespeechmonster.com/?p=103

Schiff has said this many times
http://peterschiffsays.com/defense.htm

Aug 7, 2009, Iraq is a quagmire
http://www.youtube.com/watch?v=P9t741ewbGA

Schiff blamed Iraq on bankers? Not on Saddam?
http://www.youtube.com/watch?v=zo81QDSuixk


What the Tea Parties are not telling you about Peter Schiff:

Libertarians need to infiltrate the GOP

VIDEO of Schiff saying just that!
http://www.youtube.com/watch?v=3ncLTFoTFa8

http://belowthebeltway.com/2009/06/02/peter-schiff-libertarians-need-to-infliltrate-the-gop/
http://www.facebook.com/note.php?note_id=110955225375
http://www.campaignforliberty.com/blog.php?view=19285
http://www.godlikeproductions.com/forum1/message808505/pg1
http://answers.yahoo.com/question/index?qid=20090707200009AAzSQfB


Peter Schiff admits on camera that he has ZERO money investigated in American corporations or industry. If Peter Schiff refuses to invest in American companies, how can Peter Schiff say he is helping Americans keep their jobs?

http://ameriborn.com/shifty/


Peter Schiff repeating talking points of the lunatic left, listen yourself. He says in 2009 that Iraq is a QUAGMIRE when we already won!! He blames the war on bankers and whoever, and not a word about blaming it on terrorists! listen yourself, Schiff repeats left wing talking points to his radio audience about the Iraq war!

http://www.youtube.com/watch?v=zo81QDSuixk


Peter Schiff has made open statements that are quite like the statements of the anti-war leftists, to include the OTHER Ron Paul endorsed candidates Rand Paul and Adam Kokesh

http://www.google.com/search?hl=en&source=hp&q=schiff+%2B+isolationist&aq=f&aqi=g10&aql=&oq=&gs_rfai=

http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GGIC_enUS220US220&q=peter+schiff+isolationist


Peter Schiff is pro-choice on abortion

http://www.google.com/search?num=20&hl=en&newwindow=1&rlz=1T4GGIC_enUS220US220&q=Peter+schiff+%2B+abortion&aq=f&aqi=g-c1&aql=&oq=&gs_rfai=


SCHIFF’S OWN WEBSITE CONTAINS AN ENDORSEMENT FOR KOKESH WHERE KOKESH IS NAMED AS AN ANTI-WAR PROTESTER
http://schiffforsenate.com/index.php?q=news/constitutional-candidates-congress
Adam Kokesh
Adam Kokesh is best known as an Iraq War veteran who returned opposed to the war and was a keynote speaker at Ron Paul’s “Rally for the Republic” that competed with the Republican National Convention in the summer of 2008.


Peter Schiff is pro-choice on abortion

http://www.youtube.com/watch?v=nDttx64zk4I

with respect to his personal feelings, he would not make it illegal, women have a right to abort, he is against 3rd trimester,

BUT FIRST TRIMESTR OR SECOND ONE ITS OKAY

Hear it in his own words


http://www.google.com/search?num=20&hl=en&newwindow=1&rlz=1T4GGIC_enUS220US220&q=Peter+schiff+%2B+abortion&aq=f&aqi=g-c1&aql=&oq=&gs_rfai=

pro-immigration and said that there are too many jobs in the US we NEED to let in immigrants???

Peter Schiff admits on camera that he has ZERO money investigated in American corporations or industry. If Peter Schiff refuses to invest in American companies, how can Peter Schiff say he is helping Americans keep their jobs?

http://ameriborn.com/shifty/

This is SCHIFF in his own words!


video of Peter Schiff saying that LIBERTARIANS must infiltrate the Republican Party
http://www.youtube.com/watch?v=3ncLTFoTFa8&playnext_from=TL&videos=gKm7t4j9Wgc

http://www.youtube.com/watch?v=3ncLTFoTFa8

http://www.ustream.tv/recorded/1583738

This second link is the full 2 hours. You cant download it directly, I tried, but hey, you can record it! :)


Peter Schiff appears at a Rand Paul/Adam Kokesh/Peter Schiff fundraiser

http://www.youtube.com/watch?v=AYwb_P-ssK0

Rand Paul, Adam Kokesh, Peter Schiff, and others holding a fundraiser at Webster Hall in New York.

http://www.randpaul2010.com/2009/08/rand-paul-at-webster-hall/

http://www.wallstreetstocks.net/rand-paul-adam-kokesh-peter-schiff-fundraiser

http://www.youtube.com/watch?v=AYwb_P-ssK0&feature=player_embedded

http://www.randpaul2010.com
http://www.schiffforsenate.com
http://www.kokeshforcongress.com



Peter Schiff for Senate Video Blog July 14 2009
http://www.youtube.com/watch?v=nlXqlz31SXk


Ron Paul, Adam Kokesh at Freedom Fest in Las Vegas July 2009
http://www.youtube.com/watch?v=D9oiTQD7Cms
Schiff attended this same conference hosted by Ron Paul and is in this video in the early part


Rand Paul amp Adam Kokesh Take Over The Interwebs
http://www.youtube.com/watch?v=PE9gVeykPAU


GOE Site for Adam Kokesh
http://americanpatriotsagainstkokesh.ning.com/


Adam Kokesh for Congress
http://www.kokeshforcongress.com/posts/whisper-campaigns


Ron Paul Supports Adam Kokesh
http://www.campaignforliberty.com/blog.php?view=20098


This Aint Hell..re Oathkeepers..Adam Kokesh.
Note the connection between Oathkeepers & Ron Paul.
http://thisainthell.us/blog/?p=14586


14 posted on 01/25/2011 9:27:07 AM PST by RaceBannon (RON PAUL: THE PARTY OF TRUTHERS, TRAITORS AND UFO CHASERS!!!)
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To: RaceBannon
and many of his predictions are totally bogus!

That may be true but he's hit the nail firmly on the head about 0bama and Immelt.

15 posted on 01/25/2011 9:33:29 AM PST by cowboyway (Molon labe : Deo Vindice : "Rebellion is always an option!!"--Jim Robinson)
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To: cld51860
Which is why I refuse to watch the damned thing. What a waste of time.

I'm with you. Won't watch. Will wait for Rush's analysis tomorrow.

BTW, I just got off the phone with Senator DeMint's office in DC. I asked the simple question: Will Senator DeMint be sitting with the dems tonight? The nice young lady on the other end of the line said that she didn't have that information. Hmmmmmm..........

16 posted on 01/25/2011 9:37:11 AM PST by cowboyway (Molon labe : Deo Vindice : "Rebellion is always an option!!"--Jim Robinson)
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To: cowboyway

Any better than me or you??


17 posted on 01/25/2011 9:38:42 AM PST by RaceBannon (RON PAUL: THE PARTY OF TRUTHERS, TRAITORS AND UFO CHASERS!!!)
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To: RaceBannon
Any better than me or you??

Yeah. He gets a bigger audience.

18 posted on 01/25/2011 10:20:58 AM PST by cowboyway (Molon labe : Deo Vindice : "Rebellion is always an option!!"--Jim Robinson)
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To: cowboyway


President Obama is expected to call for increased spending on R&D and
infrastructure during Tuesday’s State of the Union address, according to reports.

Whiskey Tango Foxtrot!

I’m suprised that a guy who ran Law Review at Harvard and couldn’t even
get one peer-reviewed publication actually knows what “R&D” is.

Someday we’re going to find out this President was just a sock-puppet.


19 posted on 01/25/2011 10:26:51 AM PST by VOA
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To: cowboyway

I’m with you. Won’t watch. Will wait for Rush’s analysis tomorrow.

BTW, I just got off the phone with Senator DeMint’s office in DC. I asked the simple question: Will Senator DeMint be sitting with the dems tonight? The nice young lady on the other end of the line said that she didn’t have that information. Hmmmmmm..........

The whole seating thing just disgusts me. How could they cave on that? Big dummies. Why be afraid to show your numbers??


20 posted on 01/25/2011 10:30:49 AM PST by cld51860
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To: cowboyway

>Obama is not clueless.<

>>I’m going to politely disagree.

I believe that 0bama is as dumb as a bag of hammers.<<

I honestly think Biden is dumb, he couldn’t do half as much damage as Obama has done. Obama is quite intelligent, and he thinks up ways night and day of how to bring us to a third world nation as fast as he can with the most long lasting damage.


21 posted on 01/25/2011 10:43:51 AM PST by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: cowboyway

Being wrong more often with a bigger audience only makes you a liberal.


22 posted on 01/25/2011 3:12:55 PM PST by RaceBannon (RON PAUL: THE PARTY OF TRUTHERS, TRAITORS AND UFO CHASERS!!!)
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To: cowboyway
"The president is also expected to call for a decrease in corporate tax rates as part of his recent pro-business offensive..."

What's the other part--more bailouts/stimulus for them? It's kinda fun, in a sick way, to see how long they can run on debt and foreign manufacturing (see why the DOW stays up unexpectedly: foreign manufacturing).


23 posted on 01/25/2011 5:07:43 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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