Monday, March 9, 2009
Hannan / Politics / The Economy Run for the Hills! Some Smart Dude Thinks Rush Limbaugh is Right
Posted by Caleb Hannan on Mon, Mar 9, 2009 at 11:26 AM
In an op-ed published Friday on his website, Schiff wrote that he agreed with the bloated radio host when he said he hoped President Barack Obama would fail. The caveat being that Schiff's reasoning, unlike Limbaugh's, isn't grounded in ideology: He's legitimately scared that Obama's stimulus package will turn us into a third-rate version of Mozambique, only with way bigger cars.
"I am certain that if Obama and the Pelosi/Reed Congress succeed in fully implementing their agenda, there is no chance the U.S economy will recover its position as world's leading economy. Instead, America will start down the road that has condemned so many nations to economic mediocrity. By continuing and magnifying the Bush stimulus and bail-out policies, the economic rebalancing that is so vital to a sustainable recovery cannot occur."By encouraging more spending and less savings, says Schiff, Obama's stimulus is simply preventing America from swallowing the bitter pill it so deserves. The result being an unmitigated decline in economic and global power. A chilling vision of America's future, to be sure.
What's scarier: it may lead to a day when more smart guys like Schiff take Limbaugh seriously. God help us all.
Comments (11)
Showing 1-11 of 11
"The caveat being that Schiff's reasoning, unlike Limbaugh's, isn't grounded in ideology:"
That's funny considering the Obama supporters claims that his policy prescritions are correct are based on ideology and not any proof that any such measures have ever improved a recessionary economy.
like
dislike
BO just opened his mouth again and the Dow immediately went from positive to negative and continues down.
If BO can keep this up he can eventually claim credit for forcing the Dow below 1,000 while the libs continue to rejoice in the unemployment line.
Before long, all the Democrats are going to start buying stock in these failing companies and when the economy rebounds...
Well, let's see how y'all like Democrats owning all your companies. They'd get healthcare, union representation, AND turn a profit.
Just like back during the 50's and 60's when the middle class was built by progressive businessmen.
Maybe Obama's TRYING to scare all the Repubs out of the stock market and remake it as it should be.
Yep. That would be the official nail in the coffin for the Right.
"What's scarier: it may lead to a day when more smart guys like Schiff take Limbaugh seriously. God help us all."
It's a lot more likely that people like Schiff and people like Limbaugh will continue to occasionally share bottom line opinions for significantly different, independent reasons.
Far more likely than a brilliant economist like Schiff taking a buffoon like Limbaugh seriously is a state of affairs where fiscal responsibility becomes the domain of whichever party happens to be out of power, which party will then gain allies in economically sensible people like Schiff.
"Far more likely than a brilliant economist like Schiff taking a buffoon like Limbaugh seriously is a state of affairs where fiscal responsibility becomes the domain of whichever party happens to be out of power, which party will then gain allies in economically sensible people like Schiff."
You must be a PR guy for someone but not for long: you wrote one sentence which makes absolutely no sense and is remarkably grammatically incorrect.
Peter Schiff nails it again, stop the bailouts!!!! Watch the video on youtube:
http://www.youtube.com/watch?v=fds3VRIQe_0
Rush doesn't deserve this defense, however articulate it may be. He's worse than an asshole, he's a fasc-hole. He's not only a guy you want to ignore, he's a guy that will make you listen to his bullshit.
Everyone said the R-party would reemerge as a libertarian phoenix from its neocon ashes. If they're still bowing down to Rush, then they have a loooooong way to go.
In fact, I'm not even sure the libertarians want the Rs as allies. It would ruin our good reputation!
"you wrote one sentence which makes absolutely no sense and is remarkably grammatically incorrect."
Word and I couldn't find any issues with the sentence, but I decided that there was probably an unnecessary comma. My apologies.
"Far more likely than a brilliant economist like Schiff taking a buffoon like Limbaugh seriously is a state of affairs where fiscal responsibility becomes the domain of whichever party happens to be out of power which party will then gain allies in economically sensible people like Schiff."
"Before long, all the Democrats are going to start buying stock in these failing companies and when the economy rebounds...
Well, let's see how y'all like Democrats owning all your companies. They'd get healthcare, union representation, AND turn a profit.
Just like back during the 50's and 60's when the middle class was built by progressive businessmen.
Maybe Obama's TRYING to scare all the Repubs out of the stock market and remake it as it should be.
Yep. That would be the official nail in the coffin for the Right."
This is so scary thought process that its actually very funny. Yes please ask all your democrat friends to buy stocks. you can own everything. And yes, how should the stock market look by your defination, going up all the time infinitely. Yes healthcare, union and the whole 9 yards. My god.
You have everything right but the profits. Democrats only know how to spend money not make money. You'll fail there. Anyway good luck. I'll look for your democrat friends to buy a whole lot of stocks.
