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Old 11-19-2008, 01:13 PM   #1
Arne
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Peter Schiff explains it best: http://www.youtube.com/watch?v=dixxFzohOrY
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Old 11-19-2008, 08:46 PM   #2
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Peter Schiff explains it best: http://www.youtube.com/watch?v=dixxFzohOrY
What does he say...can't stand wadeing through video...too slow.
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Old 11-19-2008, 09:29 PM   #3
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What does he say...can't stand wadeing through video...too slow.
Let them fail,
let competent people take over,
let the unions die (okay he never said that, but that's what he meant),
let them have free-market wages and America will have its auto-industry.

A healthy auto-industry, paying normal wages, would be great for America to rebuild its manufacturing base, so that America could start producing stuff again and sending it to foreigners who can really pay for it.

Plus, every over-paid unproductive job saved will only kill other productive jobs, since the government can do nothing more than to redirect capital, usually from the productive to the unproductive. (I can't think of any example that has it vice versa....)
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