Fed Forecasts – Propaganda or Incompetence? – Ep. 246
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 2 May 2017
⏱️ 34 minutes
🧾️ Download transcript
Summary
* Today was Donald Trump's 100th day as President of the United States
* The media is covering this event and looking back over the last 100 days
* Trying to assess the effectiveness of Trump's presidency thus far
* What has he accomplished, how much progress has he made;
* I think the origin of assessing the first 100 days of a presidency goes back to Franklin Delano Roosevelt
* Who of course became president during the Great Depression
* I think the President accomplished a lot during his first 100 days
* That's been the benchmark for which future presidents have been judged
* It's not about which President did the most good for the country during the first 100 days
* It's just, "Who did the most?"
* Because, FDR did a lot, all of it harmed the economy
* Not only did FDR's exacerbate and expand the depression,
* His actions had repercussions for decades
* We are suffering today from the mistakes that FDR made in his first 100 days
* He accomplished a lot, but he accomplished a lot of mistakes
* I would rather have a president do nothing for his first 100 days
* If a President just played golf for 100 days and did nothing
* Chances are he might be the best president we've ever had
* Most Presidents do damage to the economy during their first 100 days
* To the extent that they pass a law, chances are, the law just limited our freedom and reduced our standard of living
* That's true for most politicians: doing nothing is better than doing something
* Because doing something normally means doing harm
* I wish politicians would take the Hippocratic Oath, "First do not harm"
* If politicians took that oath, they could not do anything
* To the extent that a President can undo the damage done by a previous President
* Then, he would be doing a good thing
* I recognize that some of the things that Trump is trying to do is to undo Obama's mistakes
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Transcript
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| 0:00.0 | The Peter Schiff Show |
| 0:05.0 | Well today was Donald Trump's 100th day as the president of the United States. |
| 0:15.4 | And of course, the media is covering this event and looking back over the last 100 days |
| 0:22.3 | and trying to assess the effectiveness of Trump's presidency thus far. |
| 0:29.4 | What is he accomplished, how much progress is he made, and I think the origin of looking |
| 0:34.9 | back at the first 100 days of the first term of a president goes back to Franklin Delano |
| 0:40.6 | Roosevelt, who of course became president during the Great Depression. |
| 0:46.9 | And I think that the president accomplished a lot during his first 100 days. |
| 0:52.8 | And I think that's kind of been the benchmark by which future presidents have been judged. |
| 0:58.2 | You know, hey, how did you do in your first 100 days? |
| 1:01.2 | And now we can go back to FDR who did a lot. |
| 1:04.6 | But of course, it's not about making progress. |
| 1:07.6 | It's not about which president did the most good for the country during his first 100 days. |
| 1:15.6 | It's just who did the most? |
| 1:18.0 | Because FDR did a lot of stuff. |
| 1:20.6 | Pretty much all of it bad. |
| 1:21.6 | I mean, not pretty much all of it bad. |
| 1:24.4 | All of the mistakes, all of the bad things that Roosevelt did in his first 100 days, not |
| 1:30.8 | only did they elongate the depression, but they have repercussions throughout, you know, |
| 1:38.5 | the decades. |
| 1:39.5 | I mean, we are suffering today from the mistakes that FDR made in his first 100 days. |
| 1:44.9 | So I'll give him the fact that he did a lot. |
... |
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