Obama Is "Clueless": Peter Schiff Weighs in on SOTU, Jeff Immelt's New Gig

Yahoo Finance ^ | Jan 25, 2011, 11:28AM EST | Aaron Task

[cowboyway]

President Obama is expected to call for increased spending on R&D and infrastructure during Tuesday's State of the Union address, according to reports.

The president is also expected to call for a decrease in corporate tax rates as part of his recent pro-business offensive that has already seen the appointments of executives William Daley and Jeffrey Immelt to senior advisory roles, and a promise to reduce onerous regulations. (See: Obama Shows His True Colors ... and They're (Still) PRO-Business)

But talk is cheap and Peter Schiff, president of Euro Pacific Capital, says President Obama is "clueless" about what the economy really needs.

[Munz]

>Obama is not clueless.<

>>I’m going to politely disagree.

I believe that 0bama is as dumb as a bag of hammers.<<

I honestly think Biden is dumb, he couldn’t do half as much damage as Obama has done. Obama is quite intelligent, and he thinks up ways night and day of how to bring us to a third world nation as fast as he can with the most long lasting damage.

[RaceBannon]

Being wrong more often with a bigger audience only makes you a liberal.

[familyop]

"The president is also expected to call for a decrease in corporate tax rates as part of his recent pro-business offensive..."

What's the other part--more bailouts/stimulus for them? It's kinda fun, in a sick way, to see how long they can run on debt and foreign manufacturing (see why the DOW stays up unexpectedly: foreign manufacturing).