Wikinvest Wire

Peter Schiff for Senate 2010

Friday, September 18, 2009

It's official. Yesterday, Peter Schiff announced he has throw his hat into the ring as a Republican candidate to challenge long-time Democratic Senator Chris Dodd in Connecticut.
IMAGE If nothing else, this should be good fun to watch, Schiff not being one to back down from a good fight and with views so contrary to the mainstream (though mainstream views do seem to be changing every day) that there should be a number of eye-opening exchanges.

For more information, see the official Schiff for Senate website where you can add to the over one million dollars that have already been raised.

8 comments:

Anonymous said...

CT Republicans believe they acutally have a shot at Dodd this year, which is why the chance of Schiff getting the nomination is between slim and none.

Anonymous said...

I don't have too many issues with Mr Schiff, but lets get real.

No matter how "reasoned" his business strategy, running an investment house who's model is essentially based on the future economic ruin of the US is unlikely to attract too many votes.

In the eyes of many, if you have money and care about your country, you invest in companies here, not abroad.

Anonymous said...

Smart people will invest where there will be long term viable returns... it doesn't matter where....

Adam said...

I hope the masses are ready for a policy approach like Schiff's, but worry about the American public's judgement in these areas.

How would the average person respond to "Sorry, but we can't really do anything to help in this tough economic climate. That would only make things worse. Many of you will lose your jobs. But long-term, things will be better as the free-market is allowed to function. Just be patient."

Maybe they're ready for such a message. I know I am. But suspect Joe Sixpack not happy with that answer, and screams "Do something Mr. Fancy Politician!"

I'll be rooting Schiff on, and contributing as I can. But if this faux-recovery continues into 2010, his chances will be diminished.

Joe said...

He shouldn't run for office--it's a waste of effort and a distraction from what he does best.

I can't see how if elected he'd be able to make any difference anyway.

Adam said...

This is a different Adam.

There is no guarantee things will get better if we liquidate. Actually it will probably make us worse since we have to start at a lower position.

See Great Depression when Austrian economics was more prevalent than now.

Anonymous said...

@Adam2, We are already at a lower position than nominal. By not taking out the trash, we are choosing not to recognize that it is in fact trash - which in turn makes things worse. This can only serve to benefit those holding more trash at the expense of those with less.

Anonymous said...

@Adam2, We are already at a lower position than nominal. By not taking out the trash, we are choosing not to recognize that it is in fact trash - which in turn makes things worse. This can only serve to benefit those holding more trash at the expense of those with less.

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