Obama Is "Clueless": Peter Schiff Weighs in on SOTU, Jeff Immelt's New Gig

I KNOW OBAMA RAN UP THE LAST 2 TRILLON DOLLARS IN DEBT, BUT WHO RAN UP THE THE FIRST 10 TRILLON. LET ME GUESS "THE REPUBLICAN PARTY". I MIGHT NOT LIKE ALL OF WHAT OBAMA HAS DONE, BUT HE DIDN'T MAKE THIS MESS, AND I'M NOT READY TO HAND THIS MESS BACK TO THE PARTY THAT WRECK THE ECONMY IN THE FIRST PLACE. THE REPUBLICAN GOT 8 YEARS,SO IT ONLY FAIR TO GIVE HIM 8 YEARS TO FIX IT.

Social Security must be protected. America you are bond holders of American Debt (Social Sercurity Trust Fund loan your money to the government). That money belongs the American people. People wouldn't think it would be ok to take money out of your bank account, so why would you let someone take your retirement money. Social Security has its own tax rates for a reason. It is not a hand out. America you have earn this money. Don't let a politican tell you we can't afford to pay you after they spent your money.

Notice how his whole backdrop is an Ad for his company???

If Obama is clueless, then what is your solution? I hate imbeciles who constantly criticize but don't offer the alternative solution, backed by a well analyzed risk management formulated strategy. Schiff needs to put up the analysis to his plan, or plainly shut the hell up.

Schiff says Immelt "wants cheap money, he wants inflation because GE is levered to the hilt," Schiff says. "He's not going to give the president advice that's going to help the economy; he's going to give him advice that will help GE."

So then Schiff, as CEO of Euro Pacific Capital So then Inc, is merely advising what is best for Euro Pacific and its clients, right??

The Fed and our government is right. I believe the only way out now is to print more money. Both borrowers and lenders take some losses.

Obama isn't totally clueless: He knows how to wreck financial, political and social systems. His mentor is Saul Alinksky. BHO was a very apt pupil.

We need more guys like this so we can have a complete financial meltdown.

Let me get this straight. Peter Schiff has spent his entire career in Wall Street, which created the last financial crisis with unregulated derivative trading and untold other abuse. He has run for the senate, like so many other spoiled millionaires. And his father is an anti-tax zealot. And we're supposed to listen to this self-professed expert slam Obama.

The bank bailout was a necessary evil. The bail out of GM saved a huge number of American jobs, and may turn out be to a profitable investment for the taxpayers. In all, we averted the second Great Depression. So, thanks Obama, for not listening to Progressives and Tea Partiers, who wanted to let the financial system collapse, and Republicans, whose only agenda is to make sure that Obama fails in everything.

If the Dems are intent on turning us into Europe, the Republicans are determined to turn the country into a banana republic run by a small group of wealthy corporatists. All I can say is "Ich bin ein Berliner."

Clueless-very well said.
I would add incompetent and pompous fool