Wednesday, 3 December 2008

Peter Schiff is right on the ball again

It seems that only one of these people, Peter Schiff, has a proper handle on the auto industry bail out in this piece from a few weeks ago.

One of them, Christian Weller, seems to have completely no clue. He defends unions as a creator of jobs. That is the most ridiculous thing I've ever heard.



These so-called 'green' jobs being proposed in the United States and, unfortunately, here in Australia will be a huge cost to taxpayers and help slow the economy until whatever green industry they're in collapses.

(Nothing Follows)

3 comments:

neko said...

"Christian Weller, professor from the Progressive Learning Center for American Progress."

Talk about redundancy.

neko said...

Peter Schiff is exactly right. I find it scary that the other three seem to think that the government can just create jobs and money out of thin air.

Kaboom said...

Peter Schiff is exactly correct, in terms of outcomes, all of the time.

He hasn't been too correct on timing, predicting this outcome since before 2001.

It was like a slow motion train-wreck, which suddenly turned into fast motion with metal and bodies flying everywhere.

Schiff knows. Economists from the Austrian School know. You ain't seen nothin' yet, I'm afraid....