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The Peter Schiff Show Podcast

Misstate of the Union – Ep. 442

The Peter Schiff Show Podcast

Peter Schiff

News, Business, Investing, Business News, Politics

4.65.9K Ratings

🗓️ 6 February 2019

⏱️ 64 minutes

🧾️ Download transcript

Summary

See Peter in person at the Orlando Money Show
https://conferences.moneyshow.com/moneyshow-orlando/

Celebrate Peter's birthday with him on the 2019 Investor Summit at Sea!
Visit schiffbirthday.com
State of the Union Not Addressed
Last night President Trump delivered what purported to be a State of the Union address but really, Donald Trump talked about a lot of things, but he didn't really speak at all about the State of the Union. Bernie Sanders recorded his own response. He didn't do the official Democratic response; that was done by Stacey Abrams, the woman who ran for and lost the Governorship of Georgia in 2018. She was a Democratic candidate.  I think the Democrats are grooming her probably to run for Senate in 2020 so they wanted to put her up on that stage and shine the spotlight on her.
Bernie Did a Better Job of Laying out Economic Problems
But Bernie Sanders delivered his own response on YouTube, and Bernie Sanders did a much better job of describing the problems in the U.S. economy, that Donald Trump ignored in his State of the Union address.  He spoke a little bit about the economy; he said we're having an "economic miracle" here in the Unites States, that we were the envy of the world, the hottest economy in the world.  Everything is great, and theoretically the only thing that could screw it up is if the Democrats keep going after him with this ridiculous investigation, but everything is doing great, which, of course is a bunch of nonsense.
Socialism, However, Won't Work
Bernie Sanders did a much better job of presenting the facts. He pointed out that maybe, if Donald Trump is talking about his rich friends at Mar-a-Lago Country Club - for those guys, the economy is great. But for average Americans, the economy is lousy and Sanders describes some of the problems that Donald Trump overlooked or ignored when he gave his address.  This is going to be the problem for the Republicans in 2020 when they run for re-election, talking about how great the economy is, they don't have a chance.  It's the Democrats who will be feeling the pain of the voters and coming up with their own solution.  The problem is, the solutions that Bernie Sanders is putting forth, Socialism, aren't going to work. Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Schiff Show.

0:09.3

Last night President Trump delivered what purported to be a state of the union address,

0:15.2

but really Donald Trump talked about a lot of things, but he didn't really speak at all

0:19.9

about the state of the union.

0:21.9

You know Bernie Sanders who recorded his own response.

0:26.9

He didn't do the official democratic response that was done by Stacey Abrams.

0:32.5

She was the woman who ran and lost governorship of Georgia in 2018.

0:39.2

She was a democratic candidate.

0:40.7

I think the Democrats are grooming her probably to run for Senate in 2020, so they wanted

0:45.5

to put her up on that stage and shine the spotlight on her.

0:49.3

But Bernie Sanders delivered his own response on YouTube.

0:54.0

And Bernie Sanders did a much better job of describing the problems in the U.S. economy,

1:01.9

that Donald Trump ignored when he gave his state of the union address.

1:05.7

I mean, he spoke a little bit about the economy.

1:08.2

He said we were having an economic miracle here in the United States, that we were the

1:12.8

envy of the world, that we were the hottest economy in the world, that everything was

1:16.9

great and theoretically the only thing that could screw it up is if the Democrats keep going

1:21.5

after him with this ridiculous investigation, but everything is doing great, which of course

1:26.7

is a bunch of nonsense.

1:28.1

Bernie Sanders did a much better job of presenting the facts.

1:33.3

He pointed out that maybe if Donald Trump is talking about his rich friends at Mar-a-Lago

1:39.0

country club, for those guys, the economy is great.

...

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