"Take Two: The President's Proposal to Stimulate the Economy"
The Subcommittee on Regulatory Affairs,
Stimulus Oversight, and Government Spending held a hearing, which
examined the results of the Administration's economic policies thus far
and explored the proposals outlined by President Obama on Thursday,
September 8, 2011.
Learn more at http://oversight.house.gov
9-13-11: Oversight Productions
9/13/2011 (1 of 2) Peter Schiff Testimony Before Congress On Jobs Committee
9/13/2011 (2 of 2) Peter Schiff Testimony Before Congress On Jobs Committee
Mr. Schiff Returns to Washington
Does Washington have the American
taxpayers' interests as their top priority? Watch as lobbyists drown out
your voice and Peter fights the tide.
Peter Schiff is more educated on economics than the government workers and lobbyists who are making choices for the American people without our consent. This lack of concern for the will and needs of those who are carrying the burden through taxation is what has led to rebellions and collapses in history, including the beginning of our own nation. Why bother learning from history when it's more fun to repeat past mistakes?
Go to http://www.TinyURL.com/RealCrash to order my new book, "The Real Crash: America's Coming Bankruptcy---How to Save Yourself and Your Country"
6:06 - My Opening Statement
11:16 - "I don't know whether to go to Mr. Schiff or not, but I guess I will" - Judy Biggert (R)
I explain to Chairwoman Judy Biggert why federal involvement in home lending has created more problems than it has solved.
16:22 - "Despite all the sound and fury, there's not a lot of details..." - Robert Hurt (R)
My
proposals that old regulations be repealed, rather than new ones
proposed, in order for the free market to come up with solutions are
repeatedly lost on Congressman Robert Hurt.
25:16 - "Mr. Schiff, I just have one question..." - Emanuel Cleaver (D)
Congressman
Emanuel Cleaver II unsuccessfully tries to 'nail' me. Instead, a
spirited discussion ensues in which I remind the congressman of the
moral hazard and economic costs of government subsidies.
30:38 - "Maybe that happens in an Ayn Rand novel..." - Dan Sherman (D)
Congressman
Dan Sherman asserts that as a practical matter the federal government,
in one way or another, insures all homes, and that only characters in an
Ayn Rand novel would believe otherwise.
THE HEARING:
Oversight of Federal Housing Administration's Multifamily Insurance Programs
THE PANEL:
Ms.
Marie Head, Deputy Assistant Secretary, Office of Multifamily Housing
Programs, Office of Housing, Federal Housing Administration
Mr. Michael Bodaken, President, National Housing Trust
Ms. Sheila Crowley, President and Chief Executive Officer, National Low Income Housing Coalition
Ms.
Mary Kenney, Executive Director, Illinois Housing Development
Authority, on behalf of the National Council of State Housing Agencies
Mr. Rodrigo López, President and Chief Executive Officer, AmeriSphere, on behalf of the Mortgage Bankers Association
Mr.
Richard L. Mostyn, Vice Chairman and Chief Operating Officer, The
Bozzuto Group, on behalf of the National Multi Housing Council
Mr. Robert F. Nielsen, Immediate Past Chairman, National Association of Home Builders
Mr. Joseph L. Pagliari, Jr., Clinical Professor of Real Estate, The University of Chicago Booth School of Business
Mr. Peter Schiff, Chief Executive Officer and Chief Global Strategist, Euro Pacific Capital
SPREAD THE WORD! Let more people take an inside look at the inner workings of Washington D.C.
FULL testimony here: http://www.youtube.com/watch?v=hEx1b4uaZ8k
Watch Peter's last testimony here:
Part 1 - http://www.youtube.com/watch?v=FLmD9TeUC54
Part 2 - http://www.youtube.com/watch?v=xZbQGpf3D_Q
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