Real Fiscal Conservative for CT Senate

[Rekonn]

I saw in another thread that most people in this forum identify themselves as fiscal conservative / social liberal. What do you guys think of Peter Schiff? He had a great appearance on the Daily Show and may (has to win primary first) run against Dodd for senator in CT.

Daily Show with Jon Stewart

Good 5 min youtube video on Schiff vs Dodd

 

[sandorski]

Not much. He was correct about the coming Economic troubles, but that's his only claim to fame.

 

[Genx87]

He couldnt do worse than that shill Dodd. I do love all the crow some of those people had to eat on that video. The pompus ass at ~3:00 with the white teeth and the fabio wannabe laughing at him should be forced to each dead crow for a year in a padded room.

 

[Rekonn]

Sandorski - Peter Schiff being correct about coming economic troubles already makes him more knowledgeable than a vast majority of people in office now, no? I like Peter Schiff because he has that rare combination of being right and being able to explain his ideas well.

Peter speaking at Authors@Google event - 1 hr

I'm tired of all the politicians that pay lip service to the free market, then pass laws that weaken it. I think Peter's votes in the Senate will actually match his rhetoric.

 

[Vette73]

"Schiff is a firm believer in reducing government regulation of the economy."

Yea he seems like a "new" republican. not liek any of them did anything like that in the years they had control over the house, senate, and WH. That worked out well, lets do it again.

:roll:

 

[sandorski]

Originally posted by: Rekonn
Sandorski - Peter Schiff being correct about coming economic troubles already makes him more knowledgeable than a vast majority of people in office now, no? I like Peter Schiff because he has that rare combination of being right and being able to explain his ideas well.

Peter speaking at Authors@Google event - 1 hr

I'm tired of all the politicians that pay lip service to the free market, then pass laws that weaken it. I think Peter's votes in the Senate will actually match his rhetoric.

I believe he's a Gold Standard nutter. Plenty of reason to dismiss him.

 

[Rekonn]

Genx87 - if you liked that vid, here's a link to the one he's famous for, now at 1.4 million views. Shows more people that need to eat some serious crow. Btw, love the Stossel vid in your sig.

Peter Schiff was right

 

[Rekonn]

Marlin1975 - I totally agree with you. I'm disgusted with Bush "I've abandoned free market principles to save the free market system." I was seriously disappointed in the 2008 election when both candidates supported TARP. With Obama it made sense, it is consistent for someone that supports Keynsian ideas to be pro TARP. But for McCain and Bush, it doesn't, and it shows what's wrong with the Republican party. I believe electing people like Schiff will be a step in fixing it. Republicans shouldn't just be Democrats that will bankrupt the country a little slower.

 

[Rekonn]

Sandorski - why does being against ridiculously low interest rates that cause bubbles in the economy make you a nutter? I think that the inflationary policies of this and the last administration do and have done tremendous harm, and it would be a good thing to no longer pursue them.

 

[RyanPaulShaffer]

ABD (Anything But Dodd)

I wish him a speedy recovery from his illness, but he is a corrupt politician through-and-through. Approval ratings in the 20s, and word is just getting out about his sweetheart deals with Country Wide, for example.

I find it extremely interesting that a conservative is able to gain steam in a traditionally ultra-liberal blue state.

 

[Genx87]

Originally posted by: RyanPaulShaffer
ABD (Anything But Dodd)

I wish him a speedy recovery from his illness, but he is a corrupt politician through-and-through. Approval ratings in the 20s, and word is just getting out about his sweetheart deals with Country Wide, for example.

I find it extremely interesting that a conservative is able to gain steam in a traditionally ultra-liberal blue state.

Dodd is the Bush of Conn

 

[RyanPaulShaffer]

Originally posted by: Genx87

Originally posted by: RyanPaulShaffer
ABD (Anything But Dodd)

I wish him a speedy recovery from his illness, but he is a corrupt politician through-and-through. Approval ratings in the 20s, and word is just getting out about his sweetheart deals with Country Wide, for example.

I find it extremely interesting that a conservative is able to gain steam in a traditionally ultra-liberal blue state.

Dodd is the Bush of Conn

...what? Chris Dodd is a Democrat, and an extremely liberal one.

 

[Genx87]

Originally posted by: RyanPaulShaffer

Originally posted by: Genx87

Originally posted by: RyanPaulShaffer
ABD (Anything But Dodd)

I wish him a speedy recovery from his illness, but he is a corrupt politician through-and-through. Approval ratings in the 20s, and word is just getting out about his sweetheart deals with Country Wide, for example.

I find it extremely interesting that a conservative is able to gain steam in a traditionally ultra-liberal blue state.

Dodd is the Bush of Conn

...what? Chris Dodd is a Democrat, and an extremely liberal one.

The people of Conn dislike him so much they may in a kneejerk reaction vote a fiscal conservative republican into office.

 

[sandorski]

Originally posted by: Rekonn
Sandorski - why does being against ridiculously low interest rates that cause bubbles in the economy make you a nutter? I think that the inflationary policies of this and the last administration do and have done tremendous harm, and it would be a good thing to no longer pursue them.

It doesn't. Being pro Gold Standard or a De-Regulator does though.

 

[RyanPaulShaffer]

Originally posted by: Genx87

Originally posted by: RyanPaulShaffer

Originally posted by: Genx87

Originally posted by: RyanPaulShaffer
ABD (Anything But Dodd)

I wish him a speedy recovery from his illness, but he is a corrupt politician through-and-through. Approval ratings in the 20s, and word is just getting out about his sweetheart deals with Country Wide, for example.

I find it extremely interesting that a conservative is able to gain steam in a traditionally ultra-liberal blue state.

Dodd is the Bush of Conn

...what? Chris Dodd is a Democrat, and an extremely liberal one.

The people of Conn dislike him so much they may in a kneejerk reaction vote a fiscal conservative republican into office.

Ahhh...gotcha.

 

[Rekonn]

Sandorski - do you believe that all regulations are good? That government (elected politicians) as a rule make better decisions than the free market (people acting in their own rational self interest)? If you do, that's fine. But I don't think it is fair to label all the others that don't think as you do as nutters.

As for the gold standard, I'll admit I don't know much more than Nixon removed the US off the gold standard in 1971. Why is it such an obviously bad idea that those that want to go back to the gold standard should be labeled as nutters?

 

[BoberFett]

Originally posted by: sandorski

Originally posted by: Rekonn
Sandorski - Peter Schiff being correct about coming economic troubles already makes him more knowledgeable than a vast majority of people in office now, no? I like Peter Schiff because he has that rare combination of being right and being able to explain his ideas well.

Peter speaking at Authors@Google event - 1 hr

I'm tired of all the politicians that pay lip service to the free market, then pass laws that weaken it. I think Peter's votes in the Senate will actually match his rhetoric.

I believe he's a Gold Standard nutter. Plenty of reason to dismiss him.

And you're a Canadian, so everything you say is nutty. Stop posting.

 

[Rekonn]

No other opinions? Ok, how about something a bit more controversial - negative consequences of minimum wage. First 5 minutes of this youtube clip

 

[sandorski]

Originally posted by: Rekonn
Sandorski - do you believe that all regulations are good? That government (elected politicians) as a rule make better decisions than the free market (people acting in their own rational self interest)? If you do, that's fine. But I don't think it is fair to label all the others that don't think as you do as nutters.

As for the gold standard, I'll admit I don't know much more than Nixon removed the US off the gold standard in 1971. Why is it such an obviously bad idea that those that want to go back to the gold standard should be labeled as nutters?

Not all.

 

[sandorski]

Originally posted by: Rekonn
No other opinions? Ok, how about something a bit more controversial - negative consequences of minimum wage. First 5 minutes of this youtube clip

Everything has negative consequences. The Benefits of a Minimum Wage outweigh the negatives.

 

[RedChief]

Originally posted by: sandorski

Originally posted by: Rekonn
No other opinions? Ok, how about something a bit more controversial - negative consequences of minimum wage. First 5 minutes of this youtube clip

Everything has negative consequences. The Benefits of a Minimum Wage outweigh the negatives.

What are those benefits then?

 

[Rekonn]

"It makes greedy capitalists pay people the decent living wage they deserve!" At least that's the most common benefit people cite for a minimum wage. It falls apart though as soon as you realize that there's no such thing as a free lunch.

The purpose of a business is to make money. A business that fails to make a profit is one that goes out of business (barring bailouts from government). Businesses must pay their employess less than what an employee's work is worth. If they paid employees more than they are worth, it would be a charity, and the revenue the business generated would not be able to sustain the business over time.

A person without skills cannot produce much, therefore their work isn't worth much. Say a person's productivity is only worth $7 an hour. As of 7/24/2009 fed min wage has been reset to $7.25. The regulation didn't increase the employee's productivity, it just made it illegal to pay him what his productivity is worth, and therefore cost him his job.

 

[sandorski]

Originally posted by: Rekonn
"It makes greedy capitalists pay people the decent living wage they deserve!" At least that's the most common benefit people cite for a minimum wage. It falls apart though as soon as you realize that there's no such thing as a free lunch.

The purpose of a business is to make money. A business that fails to make a profit is one that goes out of business (barring bailouts from government). Businesses must pay their employess less than what an employee's work is worth. If they paid employees more than they are worth, it would be a charity, and the revenue the business generated would not be able to sustain the business over time.

A person without skills cannot produce much, therefore their work isn't worth much. Say a person's productivity is only worth $7 an hour. As of 7/24/2009 fed min wage has been reset to $7.25. The regulation didn't increase the employee's productivity, it just made it illegal to pay him what his productivity is worth, and therefore cost him his job.

It raises the standard of Living of those at the bottom. Not only that though, but it also raises the standard of Living of those near the bottom whose wages usually also increase as a result.

 

[imported_Lothar]

Originally posted by: Rekonn
Sandorski - Peter Schiff being correct about coming economic troubles already makes him more knowledgeable than a vast majority of people in office now, no? I like Peter Schiff because he has that rare combination of being right and being able to explain his ideas well.

Peter speaking at Authors@Google event - 1 hr

I'm tired of all the politicians that pay lip service to the free market, then pass laws that weaken it. I think Peter's votes in the Senate will actually match his rhetoric.

That's disputable.
If he was right, how come his fund never gained much money in the market?

Have you seen the performance of his mutual fund?
Complete, utter shite performance.

It seems to me that all he did was pay lip service in the media the past few years. All talk and no action.
Peter Schiff likes to talk the talk, but he doesn't walk the walk.

 

[RedChief]

Originally posted by: sandorski

Originally posted by: Rekonn
"It makes greedy capitalists pay people the decent living wage they deserve!" At least that's the most common benefit people cite for a minimum wage. It falls apart though as soon as you realize that there's no such thing as a free lunch.

The purpose of a business is to make money. A business that fails to make a profit is one that goes out of business (barring bailouts from government). Businesses must pay their employess less than what an employee's work is worth. If they paid employees more than they are worth, it would be a charity, and the revenue the business generated would not be able to sustain the business over time.

A person without skills cannot produce much, therefore their work isn't worth much. Say a person's productivity is only worth $7 an hour. As of 7/24/2009 fed min wage has been reset to $7.25. The regulation didn't increase the employee's productivity, it just made it illegal to pay him what his productivity is worth, and therefore cost him his job.

It raises the standard of Living of those at the bottom. Not only that though, but it also raises the standard of Living of those near the bottom whose wages usually also increase as a result.

But your still totally ignoring the fundamental principle of supply and demand. When costs go up, demand goes down. When the min wage goes up, the costs of those goods go up and therefore when the demand goes down, the amount of labor required goes down...aka jobs get cut. Did you ever think for a moment that minimum wage is not the cure for a high standard of living but the cause?