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Peter Schiff: US headed for a prolonged depression
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Monday, February 01, 2010
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From Peter Schiff on LewRockwell.com:

In this week's much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge.

Notwithstanding his well crafted lip service regarding future spending restraint, the essence of his current program is for more government spending and larger deficits. For all his talk about job creation, his policies will...

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More from Peter Schiff:

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Topics: Guru | Government Stupidity | Cruxallaneous
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