Peter Schiff: they laughed at him, now he’s laughing back(0)
Peter Schiff predicting doom and gloom in 2006 and 2007
Peter Schiff predicting doom and gloom in 2006 and 2007
by Edward Harrison from CreditWritedowns.com:
Peter Schiff is that market wizard people were laughing at just a year ago because of his extreme views. Well, things have turned out much as he has indicated they would. So, now he has a captive audience. And what is he saying? Government is a burden that we need less of. [...]
By The Editors from The New York Times:
“Buy American” is a familiar cry in Washington, even though the vast majority of American economists and policy makers oppose anything that hints at protectionism. President Obama has said that “we can’t send a protectionist message,” and the Senate softened a buy-American provision in the stimulus bill it [...]
First-time home buyer tax credit details reported today in a Wall St. Journal article:
Home buyers who hoped for a $15,000 tax credit to buy a new home, as promised by the Senate, will be disappointed. A proposed $35 billion credit to support home sales was jettisoned in favor of a more modest $2 billion to [...]
Kevin L. Kearns and Alan Tonelson
Sunday, February 15, 2009
DOMESTIC MANUFACTURERS HAIL BUY-AMERICAN STIMULUS PROVISION AS POTENTIAL RECOVERY MULTIPLIER AND SIGNIFICANT POLICY PRECEDENT;
CALL PRESIDENTIAL ENFORCEMENT KEY TO MAXIMIZING BENEFITS
USBIC’s Kearns: “If President Obama wants the biggest growth bang per stimulus buck, he’ll work much harder than his predecessors to ensure that federal agencies Buy American [...]
From Lisa Desjardins
CNN Radio
WASHINGTON (CNN) — Here is a breakdown of who gained, who lost and who survived in the final economic stimulus bill that the House and Senate are expected to vote on Friday:
Winners
# High-speed and inner-city rail: Went from $300 million in House bill to $2.25 billion in Senate to $8 billion [...]
Denver Business Journal - by Mark Harden
President Barack Obama will sign the $787 billion federal stimulus package into law in Denver on Tuesday.
Obama will sign the bill Tuesday at the Denver Museum of Nature and Science, according to several news reports. CNN was the first to report that Denver will be the signing location.
White House [...]
Peter Schiff: Stimulus Bill Will Lead to “Unmitigated Disaster”
Article by Stewart Gray:
So, a bill that is supposed to stimulate our economy was passed today. Want to know the most interesting thing about the stimulus bill? Nobody read the fucking thing. A thousand page monstrosity that is sure to screw you and me was voted through and nobody read it. These arrogant [...]