Rich Democrats Secretly Prefer Trump to Warren – Ep. 513
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 13 November 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
I want to talk a little bit about Michael Bloomberg, entering the primary - and the reason that I think Michael Bloomberg is in. Bloomberg is now a Democrat, but he was a Republican. He served as mayor of New York as a Republican for 2 terms. Then, I think he served a third term as an independent. But he was a Republican and now he's a Democrat. The reality is, he is a very middle of the road guy. He's a liberal Republican or a conservative Democrat. But conservative Democrats have not place in the modern Democrat party. I think Bloomberg's motivation to throw his hat in the ring is the diminishing prospects of Joe Biden. Initially, everybody thought, "OK, Joe Biden's the guy." I think Michael Bloomberg was fine with a President Biden because it represented a continuation of the status quo and the status quo has been very good to Michael Bloomberg, do why wouldn't he want to continue that status quo?
Socialists are Frankenstein's Monster Consuming the Democratic Party
But with the rise of Elizabeth Warren and Bernie Sanders and the increasing likelihood that Warren could actually be the next President, I think that scares the hell out of Mike Bloomberg and I think it also scares the hell out of Mike Bloomberg's rich friends who are also Democrats. This is an example of Frankenstein and the monster. Baron Von Frankenstein created a monster and then Frankenstein's monster turned on its creator. And I think that's what these limousine liberals have done with the Democrat party. They have created this monster and now the monster is about to consume them.
Rich Democrats Would Rather Re-Elect Trump Than Support Warren or Sanders
I think what wealthy liberals are afraid to admit is, as much as they claim they don't like Donald Trump (and some of them don't like Donald Trump) they dislike Warren even more. A lot of these rich Democrats would rather see Trump re-elected than have Warren or Sanders elected. Now they don't want to come out and admit that, but they don't want to support a socialist. They're not that crazy - but they don't want the rest of the crazies in the Democratic party to know that. 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
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| 0:00.0 | The Peter Schiff Show. |
| 0:09.2 | A little earlier today, President Trump gave a speech at the economic club of New York. |
| 0:15.8 | The president actually spoke in that forum a couple of months before the 2016 election. |
| 0:23.9 | Of course, he made a lot of claims. |
| 0:26.8 | He was very critical rightly so of the U.S. economy as it existed at that time. |
| 0:34.0 | And he had all sorts of lofty promises for how things would change if he were to become |
| 0:39.2 | president. |
| 0:40.2 | In fact, one of the things he was talking about was economic growth of 4% or 5% something |
| 0:45.1 | like that. |
| 0:46.1 | You know, that we were stuck in this malaise in what experts call the new normal of slow |
| 0:51.3 | growth and that it was going to be there forever, but he was going to change that. |
| 0:56.0 | And now he claimed credit for not only having achieved those objectives, but he told the |
| 1:02.8 | audience that he has even exceeded his expectations by a wide margin. |
| 1:09.5 | Now growth has not even hit 3% in any one year, let alone 4 or 5%. |
| 1:16.6 | So how could economic growth that is barely higher than it was under Obama? |
| 1:22.8 | How was that counting as exceeding your expectations? |
| 1:27.4 | In fact, the president's entire speech was filled with those types of contradictions |
| 1:33.2 | like he claimed many times during the speech that they were making or he was making significant |
| 1:40.1 | progress at getting rid of our huge trade deficit. |
| 1:43.4 | He talked about how big the trade deficit was and how this is a disaster, this is terrible |
| 1:48.8 | and how we're making all this progress. |
| 1:51.7 | But the trade deficit is getting larger. |
... |
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