An apparently irony-free relative of mine, who has for 30 years been preaching the gospel of The Market Is Always Right, Let The Market Decide, Regulation Is Evil, CEOs Should Make As Much As They Want, Unions Be Damned, Capitalism Is The Best Thing In The World, Fox News Is Actually News, has sent me this video. With, in another irony-free wrinkle, the header "Unbelievable." Yes, it's unbelievable, all right, though perhaps not in quite the way he intended.
Oh, and credit goes to boingboing.
I loved the part, about 3:30 in, where the optimistic guy asks Peter Schiff, "What artificial lending standards are you talking about??"
I had to restrain myself from laughing out loud.
Posted by: low-tech cyclist | November 25, 2008 at 09:43 AM
Wow! Wow! Unbelievable indeed.
Were I Peter Schiff I would be even more insufferable than I already am.
And what a bunch of idiots opposing him. Anyone who takes financial advice from these clowns needs to have his head examined.
Posted by: Sir Charles | November 25, 2008 at 10:16 AM
That's hilarious. But it took some guts to go out and say those things when nobody else seemed to believe him.
Posted by: Benjamin Rider | November 25, 2008 at 02:28 PM
The insane bit is that so many of the 'clowns' are still employed, Sir Charles, and even sort of (in the incomprehensible case of Ben Stein) revered...And it clearly displays the wealth worship and sort of financial boosterism practiced in the last decades by the 'liberal' media/business press..
As I've said before, the worst thing for the right is being correct on a prediction too soon.
Posted by: MR Bill | November 25, 2008 at 04:23 PM
It gets better: Limbaugh and Hannity are already calling this the "Obama recession."
I kid you not.
You can't make this shit up.
Posted by: Lisa Simeone | November 25, 2008 at 04:53 PM