Peter Morici

Latest News

Trade Deficit Continues to Drag Recovery

On Tuesday, the Commerce Department is expected to report the deficit on international trade in goods and services was $40.0 billion in November, up from $24.9 billion when the economic recovery began. Jan 6, 2014 12:32 PM PT

Standing Strong for America in 2014

The U.S. economy is gaining strength, but the ObamaCare train wreck, festering problems in far away China, and uncertain leadership at the Federal Reserve could derail the recovery. No small courage will be required for good sense to finally restore American prosperity. Dec 30, 2013 9:38 AM PT

ObamaCare's Broken Promises, Obama's Broken Second Term

Thanks to the Affordable Care Act, President Obama has lost credibility as a leader and effective executive with most Americans. A good CEO must work within the strengths and limitations of his organization—then execute effectively to deliver on the promises he makes. Dec 16, 2013 10:24 AM PT

ObamaCare: Echoes of Stalinism Past

D-Day arrived for ObamaCare Saturday and began with an 11 hour shutdown of Healthcare.gov--the problem plagued website intended to provide easy access to affordable insurance for millions of Americans. Dec 3, 2013 2:59 PM PT

Economy Adds 204,000 Jobs in October

The Labor Department reported the economy created 204,000 jobs in October after adding 163,000 jobs the prior month. This is much better than was expected but still well below what is needed to bring unemployment down to acceptable levels. Nov 8, 2013 6:35 AM PT

Republicans: Rework ObamaCare to Win Elections

Republicans should stop cheering for ObamaCare to fail. It may be dreadful, but going back to what we had before is not possible. The real political hay is to be made improving the law to lower prices and premiums--details Democrats forgot. Nov 4, 2013 12:21 PM PT

ObamaCare Flimflam Exploited Gullible Voters

Outrage about HealthCare.gov and millions losing health plans should scare the wits out of liberals. With enough money, the morass can be fixed, but it lay bear the limits of tax and spend to buy voter allegiance. Oct 31, 2013 4:21 PM PT

Eurosclerosis Comes to America

Abroad and at home, President Obama with unprincipled pragmatism is undermining America’s most cherished values, economy, and liberties. Oct 28, 2013 9:31 AM PT

ObamaCare and America's Journey into the Third World

One need only compare the sense of dispatch at Federal Express with time endured to send a package via the U.S. Postal Service to recognize the federal government doesn't do things quite as well as the private sector. It doesn't even function as well as state bureaucracies. Oct 23, 2013 3:44 PM PT

Economy Adds a Disappointing 148,000 Jobs in September

The Labor Department reported the economy created 148,000 jobs in September after adding 193,000 the prior month--forecasters had expected a much better showing. Unemployment fell to 7.2 percent, largely because 91,000 more adults chose not to participate in the labor force. Oct 22, 2013 10:19 AM PT

Obama’s Costly Victory on Debt Ceiling

To end the government shutdown and raise the debt ceiling without accepting any meaningful GOP conditions, President Obama resorted to falsehoods, wounded American democracy, and damaged U.S. global leadership. Oct 17, 2013 7:05 AM PT

Democrats Behave Like Teenagers Reneging on Sequester Cuts

If congressional negotiators fail to raise the debt ceiling and reopen the government, voters will blame House Republicans, but it is the president and fellow Democrats that are behaving like teenagers by wanting to spend irresponsibly. Oct 14, 2013 1:30 PM PT

Raising the Debt Ceiling, a Fool's Journey

The federal government will default on its debt only if President Obama wills it. House Republicans, by refusing to raise the debt ceiling until they obtain budget reforms, may be the country's last hope to avoid a financial ruin. Oct 8, 2013 9:09 AM PT

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