Schiff to join the Senate fray?

Greg Sargent is reporting on his Washington Post blog that Libertarian Peter Schiff, the CT-based brokerage owner who is known for having predicted the financial meltdown, is “leaning towards” challenging Chris Dodd for Senate.

“It’s better than 50-50,” Schiff told me a few moments ago, saying he’d decide in the next “two to three weeks.”
National Dems say they would take Schiff seriously, because of his personal wealth and because his predictions have made him something of a YouTube folk hero. He’s a libertarian…and he says he’s inherited many of Ron Paul’s fans. One former Dodd operative conceded he has a “huge grassroots following.”… Schiff suggested he would portray Dodd as asleep at the economic switch at a time when Schiff saw the collapse coming…
Schiff says he has the means to easily self-finance his race, or could easily raise the money via his newsletter, which is read by a fair number of wealthy people. Schiff’s libertarianism probably puts him well outside the mainstream, and he’d still have to clear a GOP primary. Still, it’s a contest that the media would love.

There’s already a Schiff 2010 site up and running, from which I learned that Schiff will be appearing Glenn Beck’s Fox show this Thursday and supposedly on appearing The Daily Show, in the next couple of weeks. (The post was by “Dagny Taggart” which made me chuckle- for anyone who doesn’t recognize the name, she was the heroine of one of my favorite books in my 20’s, Atlas Shrugged, by Ayn Rand.) A moneybomb on the site on one day in February raised over $22,000. Simmons and his widget team should take a look at that.

Here’s one line from “How Peter Schiff would fix America” that might not go down so well with recession hit voters:
“Let it collapse today so it can prosper tomorrow.”

Still, his involvement would certainly make things interesting. Does Schiff run as a Republican in the primary or as an Independent?

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9 responses to “Schiff to join the Senate fray?

  1. “It’s better than 50-50,” Schiff told me a few moments ago, saying he’d decide in the next “two to three weeks.”National Dems say they would take Schiff seriously, because of his personal wealth and because his predictions have made him something of a YouTube folk hero. He’s a libertarian…and he says he’s inherited many of Ron Paul’s fans. One former Dodd operative conceded he has a “huge grassroots following.”… Schiff suggested he would portray Dodd as asleep at the economic switch at a time when Schiff saw the collapse coming…Schiff says he has the means to easily self-finance his race, or could easily raise the money via his newsletter, which is read by a fair number of wealthy people. Schiff’s libertarianism probably puts him well outside the mainstream, and he’d still have to clear a GOP primary. Still, it’s a contest that the media would love.

    Dodd would very much like to have a strong Schiff candidate in the race against Simmons, and probably Capiello as well. Schiff would draw many more anti-Dodd votes than Dodd votes.

    Simmons or Capiello can’t really win, but Dodd can lose. Therefore, if Dodd gets the opposition divided, he’ll have a much better chance at winning. So expect Dodd and the Democrats to play up to reporters who formidable Schiff might be.

  2. I donated to the Schiff money bomb in February. Then Sammy entered in March. Sammy represents Cheshire and I know him as he regularly attends our town committee meetings. I think Sam would make a fantastic US Senator, but… I would love to see Schiff debate Dodd on monetary policy, particularly on:

    1) fiat money
    2) fractional reserve banking and the
    3) federal reserve

    If Schiff won the nomination, he absolutely could be CTs next US Senator. Dodd would look absolutely foolish when discussing the banking meltdown… he’ll probably try to use the same line Obama successfully used in 2008 blaming “Bush’s failed economic policies.” Of course, we now know the reality of Obama’s misleading claims… that he intended to continue Bush’s failed economic polices by keeping the same two crooks & liars – Geithner and Bernanke… along with their boss, Goldman Sachs.

  3. I doubt he would run 3rd party… though maybe.

  4. And remember… Schiff lives the TV Sound Bite. So even though his message on monetary policy is radical… it would have a legitimate shot at breaking thru our daily information overload.

  5. And in other CT Senate news… while Joe may have said it elsewhere, I didn’t notice it…

    Lieberman basically admits the quid pro quo between him and President Transparency:

    Sen. Joe Lieberman (I-Conn.), who was Al Gore’s running mate in 2000, angered Democrats so much for his staunch support of John McCain in the 2008 elections that the Democratic Caucus was on the verge of stripping him of his chairmanship of the Homeland Security and Governmental Affairs Committee. Ultimately, Reid and President Barack Obama showed mercy and allowed Lieberman to keep his chairmanship. Had he been stripped of the gavel and lost his seniority, would he have left the Democratic Caucus? “Well, yeah — in a word,” said Lieberman, who is technically an independent but sits on the Democratic side of the aisle

    http://www.politico.com/news/stories/0509/22939.html

  6. Bruce Rubenstein

    oh please….this isnt a libertarian state

  7. Bruce… an election is a referendum on the incumbent. The alternative simply needs to be credible.

    I think Schiff is an extreme long shot. But elections (credibility) generally need two things: organization and money. Schiff would almost certainly get as much of money as he wants. And to some extent, money can buy organization.

    Consider that he got $22,000 in Feb 09. I’m confident that in Feb 03, Obama would’ve been thrilled to have someone create a website and raise that sort of money in his name.

    Don’t get me wrong… I realize it’s about a 1% chance of happening. But if he were on stage in a debate with Dodd, I suspect Schiff would have a great presentation & delivery.

    And heck… if CT is so liberal… then there are probably many people here who would prefer Schiff on civil liberties.

  8. And heck… if CT is so liberal… then there are probably many people here who would prefer Schiff on civil liberties.

    Actually Tim, I think that’s an issue where Dodd is strong. He was one of the most outspoken voices on not putting retroactive immunity in the FISA reform bill.

  9. newington1

    This would be the best possible thing to happen to this state. A non-extremely partisan, non-hack job, non career politician who is an expert in economics to replace our out of touch, waste of life who sits on the banking committee with no rational knowledge of economics, the federal reserve, or anything else.

    The Repubs are just putting up more neo-con Bush-era Republicans who dont deserve to be elected (Caligiuri would be closest but has the same Bush/Obama foreign policy views)

    And as for Dodd on civil liberties…he voted for the Patriot Act and Re authorization of it in 2003. Thats a complete failure right there. He also did not attempt to filibuster the FISA reauthorization like he promised (probably because Obama changed his mind again on the bill and decided civil liberties dont matter as much as he told us they did).

    Schiff would stand for all the positive Dodd civil liberty positions and then all of the rest that he doesnt due to political convenience and political contributions.

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