Sarbanes, Harris: We Need More Than Bland Babble To Avoid Another Recession

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Courtesy Citybizlist – Recently, I watched a video interview with famed entrepreneur and investor Peter Thiel discussing the election. For those unfamiliar with Thiel, he co-founded PayPal and was the first outside investor in Facebook, so I was curious what he would say.

Thiel’s speil is that it really won’t matter who is elected president. Regardless who wins the presidency, Thiel expects there will be a combination of tax increases and spending cuts that will result in greater austerity and lower growth.

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