CEO Testifies Obama Fines Their Firm for Creating Jobs

Posted: 09/21/2011 in Education, Family, Government, Military
Tags: , , , , , , , , ,
CEO to Congress: I Was Fined Because I Hired Too Many People
Tuesday, September 20, 2011 – 12:06pm

Capitalist Punished for Creating Jobs

During his September 13th testimony before congress Peter Schiff, CEO of Euro Pacific Capital, revealed that he has been fined thousands of dollars by regulators for
hiring too many people. He also said that the regulators have required him to stop hiring all together. (h/t Fox Nation)

Peter Schiff followed up these shocking revelations with straight talk on how exactly big government policies choke free markets. He also went on to explain in detail exactly why a number of liberal ideas are disastrous in reality. His full testimony is, undoubtedly, a must watch.

Schiff has also laid out a fully detailed and radically different plan to roll back repressive government policies and breath new life into the economy at Forbes.

UPDATE: Here is how Schiff describes his ordeal with regulators who fined him for hiring too many workers in his Forbes piece:

“In my own business, securities regulations have prohibited me from hiring brokers for more than three years. I was even fined fifteen thousand dollar expressly for hiring too many brokers in 2008. In the process I incurred more than $500,000 in legal bills to mitigate a more severe regulatory outcome as a result of hiring too many workers. I have also been prohibited from opening up additional offices. I had a major expansion plan that would have resulted in my creating hundreds of additional jobs. Regulations have forced me to put those jobs on hold.”

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Friday, August 12, 2011 – 11:42am

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Tuesday, September 20, 2011 – 12:31pm

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Threat From Mexican Cartel Cancels High School Football Game In U.S.

By Hernán Rozemberg

Tuesday, September 20, 2011

Mexico High School Football Threat

SAN ANTONIO, TexasMexican drug cartels have threatened a high school football team from Mexico. The potential for violence prompted the team’s opponent in Texas to cancel an upcoming game.

The U.S. high school, near the South Texas city of Corpus Christi, decided Tuesday to call off its home game this week against the team from Monterrey Tech High in Mexico.

The Mexican school also cancelled last week against another Texas high school football game after threats from drug cartels. The Mexican school was told to pay $30,000 to safely cross the border.

“We’re looking out for the safety of our kids and their kids,” said Matt Anastacio, athletic director at Gregory-Portland High School.

Anastacio said school leaders acted out of an abundance of caution.

“Could anything happen? Probably not. But you never know with what’s going on down there,” he said. “Nothing may happen here. But when the kids from Monterrey go back, something may happen to them.”

A spokesman for Monterrey Tech declined comment. The Mexican team has played north of the border for years during its off-season.

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