Peter Schiff Testifies Before Congress: Video

Part 1 - Hearing was held Sep. 13, 2011

"I guess you could say I make my living in the doom and gloom business, and thanks to Congress, Obama and Bernanke, business is very strong these days..."

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Schiff testimony - Part 2

Comments

[DailyBail]

August retail sales unchanged from July

http://www.marketwatch.com/story/august-retail-sales-unchanged-from-july-2011-09-14-854530

[DailyBail]

WASHINGTON (MarketWatch) — The price of U.S. goods at the wholesale level were unchanged in August as another decline in fuel costs offset an increase in food, the Labor Department reported Wednesday.

http://www.marketwatch.com/story/us-wholesale-prices-remain-flat-in-august-2011-09-14

[Dave]

Mr Schiff was brave to state openly that because of Gov policy and
mandates that he moved his business over seas and employing less
people for having to do so. I realize the videos are made up of bits
of a much longer hearing, however it appears that if one looked at it
as a debate, Schiff sumittet everyone there, especially Mr. Cummings
on topics. I had no idea that he may have been a supporter for Ron
Paul until he openly plugged him, if you will, in the second video.
His views articulate so well the same of Paul's but with a case in
point being his own.

Mr. Cummings lost me when he seemingly tried to defend the actions of
congress raising the debt ceiling. Saying " Well that's why we spent
so much time debating wether or not to do so" practecally implying
that they didn't? Not good. Also with "Ive read this thing 50 million
times"..... What ever?

Mr. Kelly points out something I didn't know only after Schiff
resonds. That comparing Henry Ford then with today only prooves Schiff
orriginal point of employment. Though I'm embarrased to say that I am
still and would even love a break looking for a job, I also agree that
it's not a good idea at all to lay such an incentive out there. 4-K to
an employer to employee someone say with less skills over the right
person for the job is bad all around. Sound promessing to anyone out
of work but I agree when Schiff says that employers are more likely to
avoid it due to risk via some campaign mandate.

I wish poeple could see presidential debates in this forum. It may
even allow, for once, to hear the best candidate have the time to
really articulate what their for. Instead of, for example, Wolf B.
Tossing a question after a question in mid response that turns out to
be a real curve ball that places the candidate in a position of cheers
to missunderstood boo's.

[Dave]

I think this is a good point that I have see personally that backs Peter Schiff's point.

Economist Osterman: Quality of Jobs Matters as Well as Quantity

By Daniel Gross | Contrary Indicator – 19 hours ago

http://finance.yahoo.com/blogs/daniel-gross/economist-osterman-quality-jobs-matters-well-quantity-120533091.html

This article is just sad but interesting.

What’s exactly happened with the goverment’s Solyndra loan?

By Liz Goodwin | The Lookout – 10 hrs ago

http://news.yahoo.com/blogs/lookout/exactly-happened-goverment-solyndra-loan-212111448.html

[DailyBail]

Good thoughts Dave...thanks for the links as well.