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Gypsy
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Obama's Pretzel Logic

- Peter Schiff - Euro Pacific Capital

Peter, perhaps you should ask yourself: would a Middle Class making VERY high wages create an economic boom? Back when Henry Ford was paying very high wages, the economy was booming while the CEO of the company was making 20 times the average pay of the line workers. Now industries are paying much lower wages while the CEO of the company is making 255 times the average pay of the line workers. Maybe taxes never have to come in to the equation if the problem gets solved right out of the working gate.

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Beginning of the headline : As this fall's presidential election takes shape as a contest between Barack Obama and Mitt Romney, the rhetoric out of both camps is becoming sharper and more ideological.Looking to exploit Governor Romney's increasingly close association with Wisconsin representative Paul Ryan (who has been mentioned as a potential vice presidential nominee), the President dedicated a lengthy address earlier this week to specifically heap scorn on Ryan's budget plan (Ryan is the chairman of the House Budget Committee)... Read More

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