Freedom Line Blog

Ever since he ran for the Republican nomination for the U.S. Senate in Connecticut last year, Euro Pacific Capital CEO Peter Schiff has been a hero to libertarian-leaning Republicans throughout the nation, including to a few of us here at CFIF).

With that in mind, Schiff certainly didn’t have to do anything to further establish his bona fides. Yet this financial titan — a self-identified member of “the one percent” — had the courage to wade into Occupy Wall Street and face his detractors head on. Check out the video below:

For all of the good that came out of the 2010 midterm elections, the biggest disappointment had to be the fact that Peter Schiff — CEO of Europe Pacific Capital and a devout student of Austrian economics — lost in the Republican primary for the open U.S. Senate seat in Connecticut.

For a taste of Schiff’s particular brand of straight talk (which would make John McCain soil himself) one need look no further than a piece he authored in today’s Washington Times, wherein he excoriates the entire Beltway establishment and uses political handicapper Stuart Rothenberg as a metaphor for everything that’s wrong with the political class. The piece begs to read in its entirety, but here’s one particularly fine excerpt:

This is how the game works in big-time politics: A potential candidate hires a polling firm to create a strategically written and scientifically executed poll to discover the buzzwords and simple campaign themes that “resonate” among voters. Consultants then boil down the poll results to a few “winning” message points and strategies. At that point, the modern candidate simply hammers away again and again at those sound bites. Winners are those who stay “on message” while knocking their opponents “off message.” It is of little consequence to the professionals that this process produces the kind of vacuous, unprincipled leaders who have brought our country to the doorstep of economic ruin.

If the American people are really tired of business as usual, they could do a lot worse than to summon Peter Schiff to Capitol Hill. Here’s to hoping he gives the Senate another look in 2012.

Upon officially entering the Republican primary to face Senator Chris Dodd (D-CT) in next year’s U.S. Senate race, Peter Schiff vowed to “filibuster until I die” if that’s what it takes to convince members of Congress how horrible are their economic policies. However, if Senator Tom Harkin (D-IA) gets his way, theoretically Schiff could find himself in a silenced minority of 49 out of 100.

As trial balloons go, Harkin’s idea to eliminate the filibuster is getting more discussion than most. First there was an interview and weekend op-ed via Ezra Klein in The Washington Post. Today, Jay Cost at RealClearPolitics provides a detailed critique (including a graph!) defending the moderating device. While Klein bemoans the “paralysis” caused when the majority party refuses to negotiate, Cost correctly points out the Framers didn’t intend to make governing easy, only possible.

Beyond original intent, though, Klein would do well to remember that not everybody saw light at the dawn of the Age of Obama. In fact, people like Schiff are so angry at the leftward lurch of the federal government that they are willing to stand up in a town hall meeting or the well of the United States Senate and tell their peers why it’s wrong.

Truth be told, the funny thing about filibusters is that they are so rarely forced. In reality, it’s not the use of filibusters that upsets Klein and Harkin, it’s the threat of using them. Announce you’ll filibuster and the governing elites seethe, condemn, and then capitulate. Had then-Senate Majority Leader Bill Frist (R-TN) called the Democrats’ bluff to filibuster George W. Bush’s judicial nominees there is little doubt a true round-the-clock filibuster would have run its course within a week; all the while Democratic surrogates would be getting killed on television trying to explain why imminently qualified attorneys shouldn’t be allowed the courtesy of an up-or-down vote.

At bottom, what Klein and Harkin hate isn’t filibusters – it’s any indication that a Democratic majority in Congress doesn’t necessarily reflect America’s majority opinion. With the Tea Party movement gaining steam with the likes of Peter Schiff and Rand Paul, one hopes the filibuster can survive until they arrive in the U.S. Senate. If they bring a majority, maybe Klein and Harkin will rethink their support of the filibuster.