Peter Schiff responds to Obama's non-State of the Union Speech. Schiff is a well-known economist/investor who predicted almost to the day, the Sept. 2008 market crash.
Schiff has been featured on most financial TV shows.
He notes that Obamanomics shows a "total lack of understanding of basic economics."
I have to ask if this Obama/ultra-liberal strategy is designed in its means to purposely wreck the economy for the ends of commanding the economic heights of the American economy.
The Obama people are very smart. If the desired result is to strengthen the economy, the Obamanomics strategy would never, ever have been considered, let alone enacted into law.
Certainly, there are "statist" businessmen (Wall Street/Auto execs./Union bosses, etc.) who favor saving their gravy with bailouts, but at what cost to the American economy?
The union line used to be, "how can the worker building the product afford to by it if he doesn't get a decent wage?" Fair enough, but I ask, "how can worker have a job when the market has been destroyed by government and their statists cronies driving us into an unpayable long-term debt for short-term gains?"
I encourage you to watch Peter Schiff's analysis and track him.
I will post more of his offerings so you can check back here to keep up-to-date.