Peter Schiff discusses CNBC, Goldman Sachs, health care tax and his Senate run. We need more politicians that follow the Austrian school of economics and fewer that follow the Keynsian belief that government can solve all problems and printing a Trillion dollars to give to banks with no strings attached is a good idea.
Schiff would be a brilliant replacement for Chris Dodd, who has a legacy or corruption and shady dealings. Dodd is bought and paid for by the financial and insurance industries. A March 20, 2009 editorial the New Haven Register called him, “a lying weasel.” The same day, Hartford Courant columnist Rick Green called on Dodd not to seek re-election in 2010.
The Hill.com described Dodd as “reeling” from the controversy and having “stepped in it” after changing his story as to the bonus amendment. Dodd is the number one recipient in Congress of campaign funds from Fannie Mae and Freddie Mac. Critics also charge that Dodd ignored repeated warnings that the two firms were in need of major reform.
The Dodd campaign was heavily funded by the financial services industry, which is regulated by committees Dodd chairs in the Senate. The top recipient of insurance industry contributions was Senator Christopher Dodd (D-CT).
On June 20, 2008, the Heritage Foundation alleged staffers from Bank of America had drafted Dodd’s housing bailout bill (FHA Housing Stabilization and Homeownership Retention Act of 2008) in March 2008, before it was introduced in the Senate.