Ron Paul economic adviser Peter Schiff was right about, well, everything

According to the The Shotgun Blog on Canada's Western Standard, Ron Paul economic adviser Peter Schiff was right about, well, everything! JC comments on this post "Economically speaking, Schiff and Paul have been dead on with every prediction they've made since about 2000. When will we learn?" When indeed!

I have a hunch that those in power are rather more scared of losing their positions than those of those below them. So they concentrate on bailing out the three car giants of the US, who have CEOs with more front that Sainsbury's, rather than aiming their eyeballs at the profitable businesses and the services that most of us want.

Did it ever occur to the guys on the Hill that Americans bought Japanese cars because they wanted them over the ones GM, Chrysler and Ford were pumping out? JC, you're right. When will we learn?

Posted in: bail-out,credit crunch,Ron Paul,US Congress