Highlights of what he said:

We have borrowed and spent - we have to reverse the mistakes.

Stimulus will not create jobs.

Housing bubble, financial 2008 crisis were consequences of stimulus.

We need UNDER consumption. Need saving, investment, production.

Would employ more if not for so many Gov't Regulations.

No credit available for small business.
Higher interest rates encourage savings.

Inflation comes from Gov't spending.
Demand does NOT come from Gov't spending.

Need to repeal regulations that are in place.

He is suggesting you get rid of minimum wage laws.

We need more factories.

He currently pays:
35% tax rate
3% another tax
7% state tax
plus property tax and sales tax above this as well.


Ideally, we would not have corporate tax, or income/payroll tax.

Better to have a national sales tax.

Currency crisis might be coming before next election.

Should NOT be increasing taxes during a recession.

$15 Trillion financed with treasury bills.

20% interest rates in 1980.

Need more on the job training.

When interest rates rise, the banks will fail again.

Gold going up because of inflation.

Interest rates will go way up.

21.44
$5/day ounce and 1/4 of gold ($2,500/wk)
Ford's workers paying no federal and no payroll taxes, no unions.

Paid the highest wages, produced best quality, least expensive products.

Because we had smallest gov't.
We had minimal regulations and low taxes.