Car Wars: Peter Schiff Debates Mayor of Lansing, MI 1/2

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12/04/2008 Peter Schiff on CNN Auto Bailout. I am as happy as anyone to see Peter Schiff humiliate the statist mayor of Lansing on the air, but I do not like to see Peter Schiff, like his opponents, refer to this as "bailing out Detroit." First off, Flint and Detroit fell to ruins years ago and acting like the "automotive" (will explain the quotation marks in a moment) companies are just suddenly coming for money because as they would say, "Detroit will suffer if you don't bail us out" is ...