Peter Morici

Latest News

Bombing ISIS Isn't Enough

President Obama’s vow to destroy ISIS rings hollow and sets the course for another American misadventure. Along with allies in Europe, the Middle East, and Asia, he refuses to grasp that security can’t be purchased on the cheap. Sep 11, 2014 8:04 AM PT

Ouch, the Bill for ObamaCare Coming Due

The bill is coming due for ObamaCare and it’s a whopper. According to Medicare Care’s own actuaries, U.S. health care spending is about to skyrocket. Sep 8, 2014 6:53 AM PT

Political Corruption Slows Growth, Kills Jobs

This Friday the Labor Department is expected to report the economy added 230,000 jobs in August. The pace has picked up a bit but is still far less than needed to reemploy all the prime aged workers displaced in the wake of the financial crisis. Sep 3, 2014 6:56 AM PT

Obama’s Anti-Business Tax Agenda Chasing Burger King to Canada

Burger King’s effort to acquire Tim Horton’s, a Canadian purveyor of coffee and doughnuts, is a good business decision, but its choice to locate corporate headquarters north of the border would be the direct result of President Obama’s anti-business tax policies. Aug 26, 2014 6:47 AM PT

Stocks Could Rise Another 25 Percent

Stocks may be near record levels but the bull market is not done. Digital technologies permit businesses to use investors’ cash far more efficiently these days, and could easily push up stock prices another 25 percent. Jul 30, 2014 8:02 AM PT

Real Unemployment Rate Is at Least 18 Percent

The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, having quit altogether. They are neither employed nor looking for work. Jul 29, 2014 4:18 AM PT

Ryan's Entitlement Reforms Would Promote Work

Poverty is as endemic today as it was when President Lyndon Johnson inaugurated the War on Poverty, and Rep. Paul Ryan (R-WI) is offering sensible proposals to change things for the better. Jul 24, 2014 6:58 AM PT

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