PETER SCHIFF

PETER SCHIFF

Saturday, May 1, 2010

Lou Dobbs vs John Stossel - Conservatism vs Libertarianism

Does Free trade hurt America as Lou Dobbs believes ?


Lou Dobbs the author of exporting America why corporate greed is shipping American jobs overseas . Lou Dobbs :"This country cannot even cloth itself , 96 percent of our clothing is imported" we need more balanced trade more reciprocal trade mutual trade policies says Lou Dobbs because we should not put our middle class which is the foundation of this country in direct competition with the cheapest labor in the world ...we should build a manufacturing capacity , we have thirty million people in this country who are unemployed or under-employed , we have seven trillion trade deficit , but again are not the Chinese investing back in America with the dollars that we pay them with for their cheap products , is not it great that we are able to get cheap products and services from China India and Mexico ?
John Stossel show aired on FOX Business network on April 29th, 2010. It was all about the free trade. It consisted of the following parts:
1) Is free trade good?
2) Is globalization good?
3) Is China stealing our jobs?
4) Does trade harm America?
5) Questions from the audience.
6) Closing comments by John Stossel
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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.