Op-Ed: Could Peter Schiff lead the Republican Party in 2010?

Currently the Republican base has remained stagnant by being disorganized and no clear leader in sight. Could the possible Senator from Connecticut Peter Schiff be the one to take the Republicans out of this hole they are in?

Is Peter Schiff the one to lead the Republican Party in 2010 and beyond? While the Republican base is pretty bland and with no clear leader right now, Peter Schiff, President of Euro-Pacific Capital and author of Crash Proof, could be the one who could take the Republicans out of the slump they are in. A recent survey showed that Democratic approval rating is down but Republican approval rating has stayed consistently flat since the 2008 Presidential and Congressional elections. This is the time where the Republicans need a decisive and bold leader. Peter Schiff, the Republican Senate candidate for the Connecticut seat in 2010, could be the perfect fit. Peter Schiff believes in limited government, sound money and Austrian Theory economics, which is the platform the Republican Party used to promote but never abide by. Most important of all, he understands economics and foresaw this global financial collapse for several years when the majority in Washington continued to tell their constituents that everything was fine. Ron Paul’s 2008 Presidential economic advisor has been telling Americans all along that they need to begin saving again and start producing and that a consumer economy is not a real economy. He has also been a key proponent of Ron Paul’s House Resolution 1207, which is a bill to provide transparency and audit the Federal Reserve. In an interview in 2008, Peter Schiff compared the Federal Reserve system to a kindergarten class, ‘If a kindergarten school teacher leaves the classroom and gives the kids pixie sticks and soda pop and when the teacher comes back and sees the classroom wrecked and all the kids have gone wild, who are you going to blame?’ Earlier in this month, Schiff held a money bomb and raised an extra $350,000. As of August 30, the Schiff Senate campaign has raised just under $945,000 with a goal of $1,000,000. Schiff has been critical of both Presidents George W. Bush and Barack Obama over their economic and foreign policies. He was able to foresee every move the government was going to do with the global economic downturn and worse, the ramifications that could persist long after government meddling. Similar to Texas Republican Congressman Ron Paul, Schiff wants to return back to a Constitutional Republic and put the economy back into the hands of free markets and not centralized planning. If Peter Schiff can win the Republican Senate nomination and defeat incumbent Democrat Chris Dodd, he may be a force to reckon with in the Senate because he will continue to relay his message of: ‘There are five on a deserted island. To create a functioning society, each one is assigned tasks. Four of the five people (the Asians) work: one goes and finds fish, another collects berries and veggies, another hunts and the last one collects firewood and cooks. The one person left (the American) - his job is to eat and consume.’