Saturday, August 20, 2011

The only way to actually create jobs is to get the government out of the way

Peter Schiff : The only way to actually create jobs is to get the government out of the way , President Obama has to understand that one of the reasons that jobs are not being created is because of him because of his policies because of the rules and regulations and government spending that are getting in the way of legitimate job creation ... unfortunately a lot of republican ideas are still about government spending some of the republicans do want tax cuts but they do not want offset it with spending cuts and the real burden that the government places on the economy is not the tax but what it spends because those are all resources that the private sector no longer have to invest and grow the economy , so we need to have a much smaller government in order to have a more riving economy that could produce legitimate wealth and jobs all we got before was stimulus induced high we did not have a real recovery that's why it is fading away and that's why we are headed back into recession


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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.