Posts Tagged ‘Stimulus’

Peter Schiff Testimony Before Congress on Obama Jobs Bill 9/13/11

September 20, 2011 Leave a comment

Peter Schiff, president of EuroPacific Capital was invited to testify in front of the House of Representatives Subcommittee on Government Reform and Stimulus Oversight. Here’s a 22-minute condensed version of his 22-minute version with his remarks and exchanges with the Committee.

Peter Schiff argued why government stimulus will never grow the economy, and why it will never create jobs.

“Stimulus is preventing the free market from unravelling the problems that years of bad monetary & fiscal policies have created.”

He calls for under consumption, savings, investments, reduced government spending, smaller government, a reduced regulatory environment, among others.  

Watch the entire Committee Meeting 


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