Judge Napolitano Interviews Peter Schiff on 20 May 2009 about Obama and the Auto Industry bailout
Peter schiff said " Oh then of course talking about it in a company when it down. You know one of the reasons that our automobile industry became so globally uncompetitive. Would be possible all the requirements and all the regulations. Passed abide by congress on the auto industry -- Avery is that we're that would make it among competitive yet the government make it a -- competitive not only will always mandate those criteria but -- think all the taxes that General Motors and Ford and Chrysler had to pay over the years I think. Think all the payroll taxes that -- that they -- paid I mean if they could get half that money we would have a vibrant. Automobile industry right now."
good post, terrible transcript.
ReplyDelete"Yeah, no of course - talk about kicking an industry when it's down. You know, one of the reasons our automobile industry became so globally uncompetitive was because of all the requirements and regulations passed by Congress on the auto industry. So you had the labor unions that were making them uncompetitive, you had the government making them uncompetitive -- not only with all these mandates & all this criteria, but think of all the taxes that General Motors, and Ford, and Chrylser had to pay over the years. Think of all the payroll taxes that they paid. I mean, if they could've just had that money, we'd have a vibrant auto industry right now."
Hi Claymonster I agree that the transcript is terrible , most of the time I have to write it in a hurry I am a busy man with little time and thousands things to do... if you or somebody else want to volunteer to write a transcript for this video or any other video , please do that will be great
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