Peter Schiff, President of Euro Pacific Capital and Republican Senatorial candidate for the state of Connecticut, believes Washington will never be the same again and that the United States can't spend its way out of the current economic collapse.
For the last decade, Peter Schiff, President of Euro Pacific Capital and author of “Crash Proof 2.0” has warned the United States that the country was and is headed towards economic ruin and that the government's policies were going to further the collapse.
In a press release e-mailed to Digital Journal on Wednesday, the Republican Senate candidate for Connecticut once again reiterated those sentiments and during Tuesday’s debate Schiff said, “Send me to Washington and that town will never the be same.”
“What we have to understand as a nation is that we cannot spend our way out of this current mess and not expect there to be dismal consequences. The next Senator from Connecticut needs to lead Washington away from the failed ideas that have caused the economic crisis and continue to undermine our economic recovery,” said Schiff in the press release.
Schiff went onto state that the US government needs policies that are going to actually stimulate the economy and create job growth but instead, Schiff says, the federal government is implementing decisions that make it impossible for businesses to hang on to their employees.
The official unemployment rate last month was 9.7 per cent but, of course, this does not take into account part-time workers, individuals who have stopped looking for work and other factors. Schiff feels this trend cannot continue, “It's time for Washington insiders to stop putting a bandage over our economic wounds and offer real solutions.”
The Hartford Informer gave Peter Schiff the win in Tuesday’s debate and said he was a fresh face to the Republican establishment. However, the latest Rasmussen Reports polling numbers show that Schiff is barely registering in the polls. Nevertheless, Democratic Senate candidate Richard Blumenthal is well ahead of all three Republican contenders, including Linda McMahon and Rob Simmons, by as much as 20 points.