Peter Schiff Quotes

Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever is necessary to get the economy going.

I don't know the time frame exactly, but it's clear they're all going to want to start spending money again.

It's no use filling your pocket with money if you have got a hole in the corner.

If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.

Every proposal I'm making, every idea I'm advancing has a single, central purpose: to revive a failing economy and give working Americans the help and security they need.

I mean, the reality is unemployment today - over 14 million Americans are unemployed. That's exactly what it was a year ago. I mean, this - the American people know we can't borrow and spend and bail our way back to a growing economy.

Until Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

Extending federal unemployment insurance is vital for millions of Americans laid off through no fault of their own, and it serves as an important economic stimulus.

We need to focus on getting people back to work, focus on jobs, the economy, the debt and the spending. That's what will improve the quality of life for American families and for hard-working taxpayers.

It takes a full quarter for economic improvement to effect the electorate as they are skeptical.

When the consumer is strong, the American economy will be strong, so consumer protection actually serves economic growth and economic progress.

You can't create more jobs for an economy where the vast majority of people are hesitant and even afraid to spend and buy.

When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to be a time at which point debt has to be taken care of.

Let's adopt some short-term strategies to get growth going and then let's have a long-term debt reduction package. That's what I think we should do and I think it will work.

When Americans are worried about losing their jobs, their savings, their homes and their chance at the American Dream, Congress and the president must work together to lift our economy and restore hope. That is the course the New Direction Congress will continue in the days and weeks ahead.

The bill that was about jobs, jobs, jobs has turned into a bill that's about spending, spending, spending.

If you do not have at least an eight-month emergency fund, and you think there's a probability you could loose your job - and it's not just losing your job; you could be in a car accident, get sick - continue to pay the minimum on your credit card every month. Everything beyond that needs to go to establish an emergency fund. And if you have an emergency fund saved, then fund your retirement account before paying down credit card debt.

Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such as stocks and bonds.

I don't overspend. I believe in always living within my means.

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

Today President Obama gave a major speech where he defended his handling of the economy. And there were tons of people in the audience, you know, since nobody had to be at work.

Let's not only provide a jumpstart to the economy and immediately or save 3 million jobs, but let's also put a down payment on some of the structural problems that we have in our economy.

They can't save enough without fundamentally altering the line, and for that, you have to go back to the voters.

You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.