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Will Peter Schiff Become the First “Tea Party” Member of the US Senate?

Will Peter Schiff become the first “Tea Party” member of the US Senate? Peter Schiff certainly hopes so. The argumentative fund manager is trying to capture the seat vacated by outgoing Democrat Chris Dodd in the upcoming November election.

The Republicans of the last administration weren’t “real” ones, Peter insists, but Democrats running under the Republican banner, with the same old profligate, government growing, deficit spending policies.

Peter’s job is to give the American people the stiff medicine they deserve, which he admits may lead to his own undoing. He argues that the august body will need his expertise when a looming financial crisis hits that will send inflation and interest rates skyrocketing, stock and bond markets crashing, and the failure of more financial institutions.

Peter argues that the US government is a “cancer on the economy,” and the Fed “has managed the economy into the ground,” with couples having to work overtime to bring in the same income that a single wage earner did 30 years ago.

First GOP debate heavy on public policy, light on fireworks

Schiff sounded like a college professor trying to convey a complex topic to a class full of undergrads, but he also showed a combative side. When asked about
"partisan" gridlock, the other candidates voiced confidence that, if elected, they could work with their Democratic colleagues. Schiff, gesturing with hands to underscore his points, wondered why bipartisanship was viewed as such a virtue.

"A lot of people say we need bipartisanship so we can overcome gridlock,'' Schiff said. "Well, I don't want to overcome gridlock if that's the only thing standing between us and more government. I want to change what's happening in Washington. I don't want to go to Washington to compromise my positions or my principles. I want to try and persuade and educate the other members of Congress to adopt my principles. ... We've been compromising for years, and look at the mess that we're in."

And Schiff ended with a pledge: "If you send me to Washington, I promise you one thing -- that town will never be the same again."

Peter Schiff on the Issues:

On bringing down health care costs:

"The free market is the best mechanism that we know to bring costs down. We've all experienced that in our daily lives, we see it in cellular telephones, flat screen TVs, laptop computers, every year they get more complicated, more intricate and every year the price comes down. Why isn't that working with healthcare? The reason is government. Government refuses to allow free market forces to operate in health care....what we need to do is government to remove all the roadblocks, the regulations, the mandates, the subsidies that are destroying the free market and that are preventing it from delivering the benefit of affordable health care to all Americans."

On defense, part 2:

"You can't overlook the financial position of our government and our ability to continue to maintain our military...the soviet union at one time was a military power and it disintegrated because it collapsed financially. ..we're in the same situation. We're borrowing money from China, from Japan, from Saudi Arabia to supply the troops. We can't keep doing that and remain a military power."

Schiff Can Hang With Frontrunners

I am not a Republican. Watching the Republican U.S. Senate Debate was kind of like nails on a chalkboard for me. But, in the end, there had to be a winner. After listening to 60 minutes of debate, I’ll award that honor tonight to Peter Schiff.

Peter Schiff is endorsed by the Republican Liberty Caucus - the conscience of the Republican Party.