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Peter Schiff, "I Think I Have a Real Chance of Winning a Senate Seat"

Politics / US Politics Apr 29, 2010 - 10:45 AM GMT

By: Peter_Schiff


When I first announced my candidacy for the United States Senate I really had no idea how well my message would resonate in the Nutmeg State.  Well we’re six-months in, and my campaign is really gaining momentum.  I am very encouraged with the progress we have made.  I am well received at the Republican Town Committee meetings with several towns having already voting to endorse me.   I have more volunteers and more donors then any other candidate in the race and reporters statewide agree that I won the only televised debate, which explains why neither of my opponents will agree to another.

The bottom line is, I think I have a real chance to win this election.  My opponents are already adopting many of my positions, even if they do not completely understand the reasons behind them.   This is a testimony to the strength of my message and the growing support I enjoy among delegates to the Republican Convention and local Tea Party activists.

The most encouraging data has come from my internal polls, which reveal a clear path to victory.  According to these polls, both my message and my background win the Republican primary.  Though I am still in third place (but climbing fast) among voters who are familiar with all three candidates, I win.  Also, of all the Republican candidates I have the lowest unfavorable rating, and likely have the best chance to win the general election in November once people get to know me.

However, my main problem is that I currently lack the name recognition necessary to win the Republican primary.  Unfortunately, most voters did not watch the debates, and still have no idea who I am, or what I stand for.  However, based on the polls, if I can simply get more voters familiar with my principles and what I stand for, I will win their support.

Unfortunately, there is only one way to reach enough voters to achieve this, and that is with television ads.  The problem is, that in Connecticut, ads are very expensive.  I have already raised and spent about $2 Million on my campaign, and have recently contributed $500,000 of my own money.   I need to raise more money to close the gap in the polls between my opponents and myself, and show Republican delegates at next month’s convention that I have the fundraising support I need to win this seat.

To help me, some of my supporters have launched a Money Bomb (a one-day, online fundraising event) to raise money for my campaign.  The website promoting the Money Bomb is  Donations can also be made at my official campaign website

Those of you who have been reading my commentaries over the years know where I stand on the issues and what I hope to accomplish as a United States Senator.  The stakes are high.  I believe the fate of our nation depends on people like me getting elected before the problems become intractable. 

I am asking everyone who regularly reads my columns or who visits the websites that choose to publish them, to do their part in making this Money Bomb and my campaign a success.  Please donate as much as you can at on May 1st.  As promised, I have already decided to match all contributions that exceed the $500,000 I just donated personally dollar for dollar.

If I do not win the convention in May, I will still be in a highly contested primary election scheduled for August.  However, a good showing at the convention will greatly increase my chances to win the primary.  So if you believe in the Constitution, in individual liberty, in sound money and the free market then please help me bring these concepts back to Washington. 
I can win this election, but I cannot do it without your help.  If we all pitch in, we will not fail.  The stakes have never been higher.  I believe we not only owe this to our forefathers who fought to give us our freedoms, but to our children, who one day will follow in our footsteps.

Peter Schiff

Euro Pacific Capital

More importantly make sure to protect your wealth and preserve your purchasing power before it's too late. Discover the best way to buy gold at , download my free research report on the powerful case for investing in foreign equities available at , and subscribe to my free, on-line investment newsletter at

Peter Schiff Archive

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29 Apr 10, 23:49
Peter Schiff is Wrong (Again)

Peter, what we believe in is accountability. Your reckless no-regulation mantra is precisely what caused this collapse. And you are now taking up for your Wall Street friends, placing the blame on Washington. Washington is serves as the police of Wall Street. Just because they failed does not mean that Goldman is should not be punished for the criminals they are. Peter, the last thing we need is another Wall Street guy in Washington. We need people who will protect Main Street, not some guy who drapes the Constitution around everything he says so as to fool Americans with his misdirected, reckless extremist ideas.

Based on your lack of understanding of matters as well as your commitment to screw the people and empower Wall Street with even more control through less regulation, you are just as qualified as every other loser in Washington. That is the problem wityh America. And the people still think there are two parties. There is only one fundamental political party in the U.S., and they are hell bent on serving corporations over the people.

30 Apr 10, 13:43
Peter Schiff

The above reply is so misguided that it could pass as satire

Good luck Peter.

jackson strong
30 Apr 10, 14:46

If you believe in accountability, then I don't see why peter schiff wouldn't be the obvious choice, regardless of whether you're a democrat or republican. Blaming this collapse on lack of regulation reveals a lack of understanding of the root causes of the problem, which is based on poor allocation of resources caused by low interest rates, and excessive regulation that imposes an onerous cost of compliance on smaller businesses which keeps large corporations free of competition.

Schiff does not have lots of wall street friends, and if you actually listen to his quotes he explicitly states that people involved in fraud, as maybe the case with Goldman, should be prosecuted under existing laws. Schiff is not a wall street guy; he is very critical of it and their relationship with Washington. Schiff's economic principals would allow capital to be reallocated away from big failing banks so that it would be freed up for use on Main st., which is exactly what the federal government is preventing from happening right now.

To call his ideas extremist is in itself an extreme statement. He is very much in line with the principals which this nation is based upon, such as limited government, individual rights, and freedmon.

Unfortunately this country is a two party system, but shiff's ideas should be appealing to everyone that thinks that we should reduce our involvement in the middle east, let big banks fail, reduce government expenditures and reduce entirely unnecessary regulation (regulation that any rational minded person, regardless of ideology, would consider unnecessary and burdensome and a result of big companies trying to turn the rules in their favor).

I don't know why someone would argue to increase the powers of the SEC who's principal activity the last few years has been the viewing of porn. We need to let let capitalism work, and let the big banks go bankrupt. That will do more to correct the system than any regulation.

Thank you,

jackson strong

02 May 10, 16:04

Have you ever been on the receiving end of something so silly, that as an initial expression, you have absolutely no response?

Tom, a truly free market exists with the only proper regulation there is: the protection from fraud. Washington, in all it's corruption, cannot hope to be a proper policeman when it schemes behind closed doors.

Let me repeat myself and for anyone else who still has misconceptions about what a free market is, or what caused the collapsed: A free market is a market that is protected from fraud, not anarchy in the market place. It is government intervention that caused the collapse. In a regulated, corporatist market (where the government picks the winners) we see favoritism and a disregard for protection.

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