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Oct 12, 2009
As you may know, I have decided to run for U.S. Senate from my home state of Connecticut....
Make no mistake about it, winning a U.S. senate seat will not be easy. First, I need to get through a highly contested Republican primary featuring some very well-funded and high-profile opponents. Then, I need to defeat a five-term incumbent Democrat who chairs the Senate Banking Committee. Though Chris Dodd is unpopular now, he has a lot of powerful friends, including President Obama...
...these are unique times, and politics-as-usual may no longer secure the re-election of a skilled politician. Though Dodd will try to turn my lack of political experience into a liability, it is much more likely to be an asset in the current climate. Conversely, Dodd's lack of private sector experience raises questions about his ability [to] lead this country out of an economic crisis, especially one that he and his buddies in Washington created.
Thank you for your time and for sharing this message with your friends and relatives. I'll see you on the campaign trail.
Oct 9, 2009
C.E.O. and Chief Global Strategist
Euro Pacific Capital, Inc.
Inquiring minds might be interested in sound money candidates running for office. Here is the list that I am aware of.
Ron Paul - Texas District 14: Ron Paul For Congress
Jake Towne - Pennsylvania District 15 - Towne For Congress
John Dennis - California District 8 - John Dennis For Congress, Defeat Pelosi
Mike Vasovski - South Carolina District 3 - Mike Vasovski For Congress - Sound Money Constitutional Government
Rand Paul - Kentucky Senate: Rand Paul for Senate
Peter Schiff - Schiff for Senate
()I endorse all the above candidates for office.
Mike "Mish" Shedlock
As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out why so many people are losing their jobs and then formulate a solution.
That's a relief; for a while there, I thought we were in real trouble! In fact, the absolute last thing our economy needs is more federal government interference
However, the flaw in GDP calculation allows the output of those foreign workers to be included in our domestic tally. Since we count the output but not the worker responsible for it, government statisticians attribute the gains to rising labor productivity. To them, it looks like companies are producing more goods with fewer workers.
Peter Schiff www.321gold.com...
Dec 15, 2009
Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration's wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted. Summers saw no impediments to the return of sustainable growth. He may as well have delivered these remarks from the deck of an aircraft carrier.
I hate to shoot down these high-flying expectations, but the economy is not improving. All that has changed is that we are now more indebted to foreign creditors, with even less to show for it. Washington's current policies have once again deferred the fundamental, market-driven reforms needed to redirect us onto a sustainable path. Instead, through aggressive monetary and fiscal stimuli, we are trying to re-inflate a balloon that is full of holes. This was the Bush Administration's exact response to the 2002 recession. It's shocking how few observers note the repeating pattern ...
Paul Volcker, the only independent voice in the Administration, has not been deceived by his colleagues' sunny claims. He recently noted that our economy still evidences "too much consumption, too much spending relative to our capacity to invest and export" and that the problem is "involved with the financial crisis but in a way [is] more difficult than the financial crisis because it reflects the basic structure of the economy."
When I first announced my candidacy for the United States Senate I really had no idea how well my message would resonate in the Nutmeg State. Well we're six-months in, and my campaign is really gaining momentum. I am very encouraged with the progress we have made. I am well received at the Republican Town Committee meetings with several towns having already voting to endorse me. I have more volunteers and more donors then any other candidate in the race and reporters statewide agree that I won the only televised debate, which explains why neither of my opponents will agree to another.
The bottom line is, I think I have a real chance to win this election.
Peter Schiff, "I Think I Have a Real Chance of Winning a Senate Seat"
Politics / US Politics
Apr 29, 2010 - 10:45 AM
...According to these polls, both my message and my background win the Republican primary. Though I am still in third place (but climbing fast) among voters who are familiar with all three candidates, I win. Also, of all the Republican candidates I have the lowest unfavorable rating, and likely have the best chance to win the general election in November once people get to know me.
However, my main problem is that I currently lack the name recognition necessary to win the Republican primary...[...]
29 Apr 10, 23:49 Peter Schiff is Wrong (Again)
Peter, what we believe in is accountability. Your reckless no-regulation mantra is precisely what caused this collapse. And you are now taking up for your Wall Street friends,
placing the blame on Washington. Washington is serves as the police of Wall Street. Just because they failed does not mean that Goldman is should not be punished for the criminals they are. Peter, the last thing we need is another Wall Street guy in Washington. We need people who will protect Main Street, not some guy who drapes the Constitution around everything he says so as to fool Americans with his misdirected, reckless extremist ideas. [...]