Seems likely, according to Greg Sargent. And he's right about raising the profile of the race. Schiff is straight out of the Ron Paul libertarian wing of the republican party and will bring out the Paultards en mass. Schiff has been a fixture on the cable news channels for the last two years, a favorite of Larry Kudlow in particular.
Peter Schiff, a Connecticut-based brokerage firm owner who has been widely hailed for predicting the U.S. financial meltdown, says he's "leaning towards" challenging Chris Dodd's reelection next year, a move that could make the contest a nationally watched media event.
"It's better than 50-50," Schiff told me a few moments ago, saying he'd decide in the next "two to three weeks."
National Dems say they would take Schiff seriously, because of his personal wealth and because his predictions have made him something of a YouTube folk hero. He's a libertarian whose father is reportedly in jail at the age of 81 for refusing to pay taxes, and he says he's inherited many of Ron Paul's fans. One former Dodd operative conceded he has a "huge grassroots following."
The media would eat it up if someone who nailed the meltdown challenged Dodd, a major recipient of Wall Street money who was chair of the Senate Banking Committee during the collapse. Schiff suggested he would portray Dodd as asleep at the economic switch at a time when Schiff saw the collapse coming.
MLN is powered by