Peter Schiff asks supporters to help cope with campaign debt

[vita3]

Schiff should get involved locally in politics & swallow the $$ he put up for his unsucessfull Senate chase. making $$ is the dude's life.

 

[ronaldo23]

Peter's FEC reports state that he is worth between 68 and 90 million dollars. Probably a lot more this year from sales from his book, appearances, and the rise of gold, which he invests 50% of his wealth in. Kind of dissapointing that he wants people to pay him back...Conway asked his supporters the same thing earlier this year.

 

[Daamien]

I'm fairly certain that the campaign "debt" is owed to himself. It's FEC law that you can't forgive your own campaign debt and give yourself money in excess of the $2,400 personal limit without it being considered "debt". This means that if Peter were to run again, he would first have to figure out how to retire all the outstanding debt. I could be wrong. Regardless, it's a necessary step if he wants to run (or if anyone else wants him to run, like you guys) for 2012.

 

[ronaldo23]

But Grayson probably wanted congress to dictate spending more, he didn't want to abolish it for the reasons Paul does if that makes any sense.

Grayson supports universal healthcare etc which almost force the FED to monetize or else rates would spike forcing a default

He donated to grayson as a close friend, and said it wasn't political, since Grayson was a client for many years at Euro-Pacific Capital, and their young kids even played together or something. Plus he didn't know the extent to which Grayson would be a douche in congress.

He also said he disagrees with Grayson on almost every issue and even called him to voice his disapproval of Grayson's cap and trade vote, but that they agree almost entirely on the federal reserve and the value of the us dollar (hence a liberal democrat like grayson is investing in a company like Euro-Pacific Capital)

 

[doodle]

Peter had a good start but his Iran war interview turned off some anti war libertarian support from what I had heard.
Anyways, I thought he was loaded with money, who does he owe money to to and how much?

 

[ctiger2]

That isn't what a good fiscal conservative should be doing, and that is, spending money he doesn't have.

Sounds like Peter has plenty of money. He just wants supporters to pay him back for what he put into the campaign.

 

[Romulus]

At the risk of being too harsh, Peter is starting to sound like a limousine libertarian. I think we need to be smart about where our support goes. Running in a liberal state really isnt such a good idea.. If Peter is serious about winning, maybe he should look into other avenues where it's possible, instead of just trying to collect the most money and saying he 'might' run.

 

[brandon]

How Jewish of him.

(someone had to say it! I don't really mean it. )

 

[pacelli]

How Jewish of him.

(someone had to say it! I don't really mean it. )

I guess it had to be done. Why does it not surprise me that you're always getting yourself into trouble

ADL trolls in 5...4..3...2..

 

[iddo]

I recently learned Schiff donated to Alan Grayson. Why? Alan Grayson is an insufferable human being and one of the biggest libs of all

Note that Peter donated to Alan Grayson's 2008 campaign, not the 2010 campaign (you can see it at opensecrets.org). Alan Grayson started blathering about how Republicans who oppose obamacare want to kill sick people in late 2009, so Peter couldn't have known about Grayson's looney rhetoric when he donated in 2008 (and if he donated with the expectation to have a congressman who advances an audit of the Fed then that turned out pretty well, Grayson helped Ron Paul's non-watered-down audit pass the committee).

 

[S.Shorland]

A bit of an odd one from Schiff.I think he needs to say hello to the Koch brothers or some other big business organisation.I'm sure not every businessman believes he will survive in a Fascist dictatorship: One word out of place and you're out.Talk to someone big enough to afford principles,Peter.

 

[FreedomRings]

Very bad move. It might cost him more in bad PR than it actually raises in funds. Nobody likes donating to a failed campaign after the fact, and just the effort leaves a bad taste. Bob Barr is still trying to raise funds for his 2008 campaign, and I doubt there are many (or any) takers.

As for Grayson, as many have pointed out, Schiff and Grayson are friends. I recall a video where Schiff said half-jokingly that Grayson had made so much money with Schiff's firm that Grayson felt guilty about his own success, and that's why he wanted to help the poor and became a socialist.

 

[EndDaFed]

So much for personal responsibility. I guess that is just for the slaves and not those that long for political power.

 

[MRoCkEd]

Very embarrassing.

 

[nobody's_hero]

So much for personal responsibility. I guess that is just for the slaves and not those that long for political power.

He should not have ended his campaign in debt, but apparently, I missed the brief out-of-body comment he made about 'longing' for power. I can't imagine he'd ever have time to say such a thing when he was constantly talking about how much he hated the fact that he'd have to go to that cesspool that is our nation's capital, and that he was going to spend 6 years there and then get out as soon as humanly possible.

 

[GunnyFreedom]

I'll donate a little bit when I get paid again ($20 is about all I can part with). But if I do that, I want Peter to know that I won't be able to donate to any future campaign of his (if, in fact, he is using this as a way to measure support for him in the future). It's nothing personal, here's my rationale:

It is different to say that there are 'politicians who can't win races,' and 'there are races that can't be won.' I won't be so quick to write Peter off as a politician who can't win races. If we had serious debates in this country, he would have been able to mop the floor with the other candidates. But in Connecticut, there are races that can't be won.

It pains me that so far we have seen great candidates in horrible locations. But blame the location, not the candidate. After all, it is the people of those areas who must decide who is electable. The candidates only get one vote for themselves, so they obviously can't do all the work. This isn't like a foot-race where each runner must win on his own merit, with no one there to move his feet for him. It's a fuckin' popularity contest, and the brightest, most-qualified do not always win.

But someone should let Mr. Schiff know that while his attempt was appreciated, he isn't the only one who's gone into debt to support liberty candidates.

To be honest, we went into debt to ourselves (unlike Peter, money we DON'T actually have) to the tune of about $3,500, and we ran in a horrible district (a race that can't be won), outspent $27k to $135k, and actually won. I'm just really really hoping those paychecks start soon or I may have to learn to start eating drywall...

 

[Daamien]

Very embarrassing.

It's very unfortunate that he framed the fundraising around retiring existing campaign debt (to himself) rather than marketing it as building a war-chest for a potential 2012 run. I don't think he was well advised in that decision. Regardless, it doesn't cause me to have a diminished opinion of him or his views.

 

[JackieDan]

I'm a big fan of Peter, but recently it turned ugly.

I never thought Schiff would end up taking debt due to the fact that he always said that you should not spend money that you don't have. Well, it seems that he demonstrated himself wrong here. From my view, I don't believe he took any debt. Don't you remember before that he said something like "kicking in $500,000" to the campaign from his own pocket?

Besides, the donors didn't only pay him for the campaign, but also phoned banked. A lot of people who actually won the contests never got their books and t-shirts they were promised (including me). I did talk to some eight people via mail if they ever got their books and t-shirts, but none did except for one who was so pissed off that he ultimately called his firm (europac) and yelled at them - by that he finally got them.

Peter Schiff could have announced this issue way back when the campaign was over. Why is he doing it now?

I like the guy, but this was really embarrassing. We want to see him in the Senate, however this announcement was destructive for his personality..

 

[Daamien]

I never thought Schiff would end up taking debt due to the fact that he always said that you should not spend money that you don't have. Well, it seems that he demonstrated himself wrong here. From my view, I don't believe he took any debt. Don't you remember before that he said something like "kicking in $500,000" to the campaign from his own pocket?

The debt is owed to himself technically, not a bank or any other individual. He wants to see if supporters will help him recoup some of the losses in preparation of a potential run in 2012 or beyond. I'm not defending him, just explaining.

 

[YumYum]

To be honest, we went into debt to ourselves (unlike Peter, money we DON'T actually have) to the tune of about $3,500, and we ran in a horrible district (a race that can't be won), outspent $27k to $135k, and actually won. I'm just really really hoping those paychecks start soon or I may have to learn to start eating drywall...

There is a difference between you and Peter Schiff. He has the means to pay back his debt, apparently you don't. Your supporters will come to your rescue. People trust you. I don't think there is very much trust in Peter anymore.