Will Trump Change the Game Or The Players? – Ep. 222
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 21 January 2017
⏱️ 31 minutes
🧾️ Download transcript
Summary
* 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?
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Transcript
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| 0:00.0 | The Peter Shifchow |
| 0:09.2 | Short and not so sweet, maybe that's how you would describe President Trump's inaugural |
| 0:15.1 | speech, which I think was the briefest since Jimmy Carter, but now Donald J. Trump is the |
| 0:22.6 | 45th president of these United States. |
| 0:26.7 | Now I did in general like his speech. |
| 0:29.1 | I mean, I agree with much of what Donald Trump had to say, talking about how bad things |
| 0:35.0 | are in the U.S. economy that, yes, there were some people that benefited people in Washington, |
| 0:40.8 | certainly benefited. |
| 0:41.8 | I mean, Washington has been moving, right? |
| 0:44.4 | Because they've been sucking all the wealth out of the rest of the country. |
| 0:47.7 | So the bureaucrats and certain segments of the population have benefited from central |
| 0:54.0 | planning and central banking and the cheap money and the bubbles. |
| 0:57.2 | But Donald Trump hit the nail on the head when he talked about all the factories, like |
| 1:03.0 | tombstones, littering the landscape and how our wealth has been sucked out and the middle |
| 1:08.3 | class has been hollowed out and that the country is hurting. |
| 1:11.9 | All this is true. |
| 1:12.9 | And I liked the fact that he says we want to take back the government for the people, right? |
| 1:17.4 | Take it away from the elite, take it away from the bureaucrats and bring the power back |
| 1:21.6 | to the people. |
| 1:22.6 | That is great. |
| 1:23.9 | The question is, what exactly does Donald Trump mean by that? |
| 1:27.6 | See, does he mean get the government off the people's backs? |
... |
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