Sunday, September 5, 2010

John Stossel - Debating the ADA



John Stossel show aired on FOX Business network on September 2nd, 2010. Today's topic: "Americans with Disabilities Act." On the surface, it seems like this law is a noble and fair idea, only on the surface. Once you start scratching a little bit, you will notice that it is not what it appears to be. Steve Lonegan (guest on the show) summed it up perfectly: "ADA is a compulsive compassion coerced by the government." It took me a while for this phrase to sink in and I think, I completely agree with it. If we want to follow our Constitution, there is no place in America to create a "protective" class of people. We are all equal under the law. The show is split into six segments:

1) Debating the ADA (Americans with Disabilities Act).
2) Protecting the disabled?
3) Overlawyered by the ADA?
4) Audience has its say.
5) "Protecting" workers?
6) Stossel's perspective.
Labels:Peter Schiff ,Ron Paul






Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.


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