Government to Sedate the Economy with More Stimulus – Ep 638
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 23 December 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
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New Covid-19 relief stimulus bill passes Congress.
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200 years worth of debt added in one year of 2020.
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Trump outdoes Obama’s deficit in only one term.
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Reparations via voting is nonsense.
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Banco Popular has bad business practices.
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I recommend First Bank of Puerto Rico.
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Transcript
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| 0:00.0 | The Petership Show. |
| 0:09.1 | Today's episode of the Petership Show Podcast is sponsored by NetSuite, the business management |
| 0:14.8 | software that handles every aspect of your business in an easy-to-use cloud platform. |
| 0:21.1 | The schedule your free product tour right now goes to netsuite.com slash gold. |
| 0:27.3 | Now the second stimulus bill, COVID relief bill, has now passed both the United States |
| 0:34.0 | Senate and the US House of Representatives. |
| 0:37.4 | So all the bill needs now is for President Trump to sign it into law. |
| 0:43.6 | He clearly will do that. |
| 0:45.9 | After all, Donald Trump has never met a government spending bill that he did not like. |
| 0:51.4 | So unfortunately, the bill will become law. |
| 0:55.1 | Now this bill has the distinction, although maybe the distinction isn't the right word, |
| 0:59.8 | but it is the longest bill ever enacted. |
| 1:05.2 | The total page count is 5,593 pages long in a single bill. |
| 1:13.8 | Now I know they rolled this stimulus bill into some other bills. |
| 1:17.5 | So there's a lot of stuff in there, but whatever is in there, the ink is barely dry. |
| 1:22.7 | They finished this bill. |
| 1:24.8 | They finished writing it on Sunday night. |
| 1:28.1 | And on Monday, the House is already voting for it. |
| 1:31.5 | On Tuesday, the Senate has anybody who voted for this bill had a chance to read it? |
| 1:38.0 | 5,593 pages? |
| 1:41.6 | I mean, think about that for a minute. |
| 1:43.2 | Now, what are the best books that I've read? |
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