Peter Morici

Latest News

Obama Gets an 'F' as America’s CEO in VA Scandal

Thanks to the scandals and missteps at the Veterans Administration and elsewhere in the federal bureaucracy, President Obama is losing all credibility as a manager and leader. Many Americans are justifiably enraged or at least awfully frustrated by federal government overreach, incompetence, and corruption. Jun 2, 2014 6:25 AM PT

The Inconvenient Truth About Climate Change and Obama's Policies

The inconvenient truth President Obama denies about climate change is that China’s refusal to cooperate in international efforts to address the problem makes U.S. efforts to slow its pace futile. Moreover, his policies severely handicap America’s ability to mitigate its consequences. May 19, 2014 9:28 AM PT

Trade Deficit Drags on Growth, Jobs Creation

On Tuesday, the Commerce Department reported the March deficit on international trade in goods and services was $40.4 billion. Overall, the deficit is up from $25 billion since the economic recovery began in mid-2009 and poses a significant barrier to stronger economic growth. May 7, 2014 6:44 AM PT

Owning a Home Still Beats Renting

Whether to rent or buy a home is one of the toughest choices young people face these days. A recent Deutsche Bank study compared renting vs. the cost of owning a home in 54 cities. It estimated the monthly payment on an average house, factoring in property taxes, homeowners insurance and the tax break for mortgage interest deductions. May 6, 2014 10:26 AM PT

288,000 Jobs Added in April Not Enough

The economy created 288,000 jobs in April, up from 203,000 in March. That's the second-best showing of the Obama recovery, but still less than what is needed each month to raise employment to pre-recession levels. May 2, 2014 6:51 AM PT

Slow Growth Policies Pin Down Jobs Outlook

Friday, the Labor Department is expected to report the economy added 215,000 jobs in April. A moderate improvement over February and March when the pace averaged 195,000, indicating growth will improve this spring over its tepid winter performance. May 1, 2014 4:47 AM PT

GDP up Only 0.1 Percent, Bodes Poorly for Jobs Creation

The Commerce Department reported GDP grew at a disappointing 0.1 percent annual rate in the first quarter, less than 2.6 and 4.1 percent recorded the prior two periods. Overall, it appears 2014 may not be the breakout year President Obama and many Wall Street forecasters predicted, boding poorly for jobs creation. Apr 30, 2014 9:11 AM PT

Hardly Time to Call Obamacare a Success

With eight million Americans enrolled in health insurance through federal and state exchanges, President Obama has declared the Affordable Care Act a success. That’s disingenuous, and big changes are needed to make the law work well. Apr 21, 2014 12:57 PM PT

Hardly Time to Call Obama Care a Success

With eight million Americans enrolled in health insurance through federal and state exchanges, President Obama has declared the Affordable Care Act a success. That is disingenuous and big changes are needed to make the law work well. Apr 21, 2014 12:11 PM PT

White House Strategy: Fabricating Fear and Injustice

Facing mid-term elections and burdened with persistently high unemployment, President Obama is playing the race, gender, and class cards. Fabricating fear and injustice, such tactics keep the economy in slow gear and make worse the very people the President professes to help. Apr 17, 2014 2:10 PM PT

Five Things to Know About the Fed’s Obsession with Inflation

Americans struggle with stagnant wages and rising prices. Yet the Federal Reserve is obsessed with boosting inflation with easy money policies that may actually discourage reforms that would help jobs creation and lessen income inequality. Apr 15, 2014 11:43 AM PT

Five Takeaways from the GM Safety Debacle

Mary Barra, CEO of General Motors, was called before Senate and House Committees last week to explain why a faulty ignition switch, responsible for at least 13 crash deaths, was not recalled for several years in vehicles manufactured by GM. Apr 9, 2014 7:28 AM PT

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