The Peter Schiff Show Podcast

Will Trump Change the Game Or The Players? – Ep. 222


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* Short and not-so-sweet.  Maybe that's how you would describe President Trump's inaugural speech
* Which, I think was the briefest since Jimmy Carter
* But now, Donald J. Trump is the 45th President of these United States
* I did in general like his speech; I agree with much of what Donald Trump had to say
* Talking about how bad things are in the U.S. economy
* Yes, there were some people who benefited
* People in Washington certainly benefited, certainly Washington has been booming, right?
* Because they've been sucking all the wealth out of the rest of the country
* So the bureaucrats and certain segments of the population have benefited
* From central planning and central banking and the cheap money and the bubbles
* But Donald Trump hit the nail on the head
* When he talked about all the factories like tombstones littering the landscape
* How our wealth has been sucked out
* The Middle Class has been hollowed out and the country is hurting
* All this is true, and I like the fact that he says we're going to take back the government for the people
* Take it away from the elites, take it away from the bureaucrats and bring the power back to the people
* All that is great.
* The question is, What exactly does Donald Trump mean by that?
* Does he mean, get the government off the people's backs?
* Does he mean unshackle us from government
* Get rid of all the regulations, get rid of all the taxes and government spending
* Get rid of all the bubble blowing
* Let's have sound money and higher interest rates
* Let's have a real economy so that individual Americans can pull themselves up out of the ditch on their own?
* That we can roll up our sleeves and work our way out of this gigantic hole that the government placed us in
* And if it's going to be free enterprise, limited government and freedom?
* Of that's what he means by "Taking back the government for the people"
* Then, that's great
* But what if he doesn't mean that?
* What if he means a Trumpian "New Deal"?
* What if he's talking about government proactively doing things to "help" the middle class
* Like big spending on infrastructure, where the government employs the people directly
* And creates jobs, like they did during the Great Depression?
...more
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