Mission Not Accomplished

by Peter Schiff

Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration’s wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted.

Schiff Report: Obama’s Economy, US Soverign Debt, and Senate Race

by Peter Schiff

When Obama took office we were not on the verge of a great depression, we were on the verge of a great recession. Because of the policies that he has been pursuing we are now on the verge of a real great depression.

All that his policies have done is buy incumbent politicians more time in office.

California budget shortfall to top $21 billion

Despite strong efforts to cut the deficit, next year’s budget shortfall will be much larger than initially forecast