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diagnosis is mild. it may be is stillti a triggering event for the dcll establishment. what if something happens tohi the president and kamala harris has to step in? well, this is a terrifyingin prospect for anyone who s followed her performance over the past few years. now in an administration of punchlines, she s in a class by herself last sunday during a podcast interview where she managed to make the democrats holy grail of abortion soundib ever more callous. if that s possible, watch. you know, listen, women aren getting pregnant every day in america and this is a real issue and we need to act with a sense of haste about what is at play, what is at stake. there s a baby at play. > just to clarify now, at least she didn t do the trademark in a cackle aten the end of that,d but she was saying saving all that for today in indianapolis where she was nervously avoiding anyit opportunity for q&a with the press. so in terms of the format, we ll let the pressss and ....
Kind of semantic the idea that two quarters of negative gdpec growth is a technicalhnhn definition of a recession is wrong. they re all reading the same playbook. the last ten instances in american history that saw twoteg straight quarters of negative gdp growth were defined as a recession. but the biden team ready to ditch it. what a perfect distillation of modern leftism when you ree losing this change the rules of the game, then declare victory. joining me now is peter schiff, chief economist, global strategistst for europe pacific capital and host of the leadership show podcast. hospeter , explain why this is lunacy. t well, you know, they redefine the definition of inflation from an expansionf of the money supply towe prices going up so they may as well change the definition d of recession because for my entire career recession has been described by two quarters of negative gdp growth. and we ve got that. inhi fact, the third quarter looks like it s going to be anir even bigge ....
Joining us is the ceo of europe pacific capital and author of this book how an economy grows. peter schiff, welcome. technically, government didn t fine me. it was a self-regulatory body that the government requires me to be a member of in order to stay in business so it was the regulators that fined me. not the government per se but, you know, i still regard them as an extension of the government. you hired 50 people and found yourself having to explain yourself which blows me away in this economy in this country. i want to talk to you about your take with your economic background on the stimulus package. will this stimulate is that what big business needs to start spending and start distributing their money? not at all. the stimulus is a sedative and it s going to continue to undermine the economy. businesses don t need more government spending. in fact, government spending is depriving businesses of the capital they need to grow because the money the government spends is m ....