PETER SCHIFF

PETER SCHIFF

Friday, June 29, 2012

Peter Schiff & Rand Paul on ObamaCare

Obamacare is akin to a debtship shooting high-explosive debtrounds at the Debtanic after it already hit a giant debtburg. Obamacare is going to get even more unfavorable over the years because quality will go down and more expensive-as it always has due to lack of free market in healthcare.
They want healthcare to become a government operation. I believe that the "penalties" are intentionally low so that many employers will opt to pay them rather than providing insurance. That way, many people will be shoved off onto the government system. They also want to destroy the private insurance industry so that government will be all that's left. More importantly the supreme court just created and levied a tax which is a power specifically not given to in the constitution. Moreover the constitution in article 1 section 8 states that for a revenue source to be considered a tax it must be levied uniformly on the populous, and this tax/punishment is not levied uniformly. The supreme court vastly exceeded its constitutional mandate, which I think nullifies their ruling
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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