Yeah, What Peter Schiff Said!

One of the candidates I support is Peter Schiff. He is the founder of EuroPacific Capital and predicted our current recession back in 2007.  At that time Peter was constantly laughed at by his peers. These same peers are the ones that said there was no real estate bubble; they are the economic advisers to the Obama administration.

In any case Peter is running for the Republican party nomination for the senatorial seat in Connecticut. He disagrees with the way the current administration is running the things. He believes in limited government and letting the free market work. Here is a quote from an email I received from him concerning the stimulus:

Government is the least efficient and most expensive means of job creation. In fact, we're paying $160,000 for each job created. Can you believe it? Just imagine all the jobs that were destroyed or that never were created because $160,000 that otherwise would have been invested by the private sector was spent by the government instead. In addition, Americans continue to lose jobs everyday despite the Obama Administration's failed efforts. We cannot afford to waste another several hundred billion dollars on a job killing "jobs bill" with our national debt nearly $12.4 trillion and Congress' recent decision to raise the debt ceiling by another $1.9 trillion. It's time to force Washington to play a limited role in governing, but we can only do that by electing leaders who will absolutely fight for fiscally conservative values. 

I agree.

I'll caveat that even though I am ripping into the current administration, I also bemoaned the Bush administration. In fact I despise both parties that say much and do little.  A government that governs least, governs best.