Will this get any traction?
Peter Schiff on the Daily Show with Jon Stewart! I always felt the bailout was bullshit, now I hear someone besides an evil Republican politician saying it. This guy Peter Schiff has been right all the way down the line. He worked for Ron Paul, which is good and bad, because that means he is a Libertarian. Libertarians have some good ideas, but have one fatal tragic uber flaw. They think the "market" solves all ills.I will bet $1M dollars to $.01 that the big blogs don't touch this. I emailed the link to the video to Huffpo and Crooks and Liars. We shall see. It is too anti-Obama and too gloomy for even the best blogs to run. I like Obama too, he got my money, my time and my vote last election. But he isn't perfect.
2 comments:
Interesting, but I don't know if I totally agree. Consumer credit isn't a cancer. I think most people use credit responsibly and frankly most of the time when people get in financial trouble it is caused by stuff like very expensive health problems and job loss. The reason so many consumers were getting and abusing credit is because the completely unregualted financial sector was pushing it down people's throats.
I agree with Hazel Stone. I believe 62% of bankrupcys have been triggered by huge medical bills, following catastrophic health problems, which we all agree, are not discretionary expenditures.
The unwise, "must have that", consumers are in the mix, but I feel they are not the majority.
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