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06-15-2012

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Peter Schiff

Subject: Sign the Petition

Peter Schiff is an investment broker and one of the small number people who very vocally spoke out against the American government's unsound economic policies, accurately predicting the 2007 financial crash.

On June 7th, Schiff was invited, for a second time, to attend congressional subcommittee hearings in which a proposal was being discussed to extend loan guarantees to the multi-family housing market. This would be similar to what Fannie Mae and Freddie Mac have been doing for single family mortgages — actions which were responsible for creating the housing bubble in the first place!

Watch the 34 minute video below to see excerpts from these hearings where Schiff warns the committee members of the foolishness of these actions, informs them that it is precisely this type of government intervention that is interfering with the housing industry's ability to find appropriate solutions to the problems being discussed, and that what is needed is for the government to get out of the way and allow the free market to successfully operate.

Schiff's remarks are a breath of fresh air in Washington. Unfortunately, as the video makes abundantly clear, no one on the government panel is paying even the slightest attention to the wisdom that Schiff imparts, and that the entire hearing is packed with representatives from the housing and building industry who are there to argue for more federal subsidies, which means forced wealth transfers by the government from the unrepresented taxpayers into the pockets of these special interest groups.

Since it was clear that no one on the panel was listening, Schiff has decided to create a petition which he intends to have placed into the Congressional Record, expressing the taxpayers' position on these matters. Here is the text:

To the Insurance, Housing, and Community Opportunity Congressional Subcommittee:

Thank you for inviting Peter Schiff to testify on Thursday June 7th, 2012 before your sub-committee in the hearing titled, "Oversight of Federal Housing Administration's Multi-family Insurance Programs."

We believe Peter Schiff represented the American taxpayers' interests when he argued for free-market solutions to the housing crisis.

We, the taxpayers, are upset and we're watching the votes of our Representatives more closely than ever.

We urge you, the sub-committee, and the entire Congress to listen to Peter Schiff and act on his advice. We urge Congress to understand that we do not need another government program to fix our current problems. The government is the problem; slashing programs, departments, agencies, etc. is the solution.

Reducing government interference frees up capital and, most importantly, it frees up behavior. With time, new enterprises will spring up to provide the same services as government — but cheaper and better.

We urge you to understand that the "free market" is not a unified entity that you can manipulate at will. As the philosopher that was mentioned during the hearing, Ayn Rand, once said, "You can evade reality but you cannot evade the consequences of reality."

Enough is enough! The free market is us. We believe that we are better at solving problems when we are free to do so.

We urge Congress to keep inviting honest speakers like Peter Schiff to testify and to implement their recommendations. We urge Congress to restore America to being the land of the free and the home of the brave.

Sincerely,

The Undersigned

Schiff is asking all Americans that agree with this, to sign the petition, and add your own comments as well. All names and comments submitted by July 4th will become part of the document placed into the Congressional Record.

Take a few minutes and do your part to further the cause of liberty. Stand up for your right to control your own destiny and push back against these special interest groups that continue to use government as a tool to pick your pocket.

Click Here to Sign the Petition

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