Wednesday, December 5, 2012

Schiff : Obama is a Socialist

Peter Schiff: No. He’s a socialist, and he doesn’t believe in that. He does believe in "trickle-up" government—and I coined that before Romney did! So no, I don’t think we’re going to get any solutions out of Obama; the question is, Can we survive another four years?
I think he’s going to leave office in a bigger economic crisis than when he came in. - in seekinalpha

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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