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Four Reasons Peter Schiff Is Wrong

Hoover implemented a massive stimulus program of public works, he pressured companies not to cut wages, and he created something very similar to TARP, the RFC, and the Federal Reserve slashed interest rates and inflated the money supply. Hoover initially cut taxes, and then he hiked them. Hoover was the forerunner to FDR during a time when government intervention was thought of as a good idea.

Reagan took office at the end of a decade plus of stagnation. It was so clear that government was not the solution, that the Democratic Congress already started deregulation under Carter. Reagan took office and accelerated the reduction of government's burden on the country (though the deficits pushed the cost down the road).

Our current situation resembles which presidency?

NBC Refuses Pickens Plan Ad

www.dcexaminer.com/opi...

"The basic story amounts to this: Pickens, thanks to favors from state lawmakers whose campaigns he funded, has created a new government whose only voters are two of his employers; this has empowered Pickens to more cheaply pump water from an aquifer and, by use of eminent domain, seize land across 11 counties in order to pipe the water to Dallas. To win environmentalist approval of this hardly “sustainable” practice, he has piggybacked this water project onto a windmill project pitched as an alternative to oil."