Peter Morici

Latest News

Obama's Two Americas: The Economy and How Democrats Win Elections

President Obama is dividing America into two nations—one rich, the other increasingly poor, and both more likely to elect Democrats. Americans growing richer support his policies, and those growing poorer are increasingly dependent on Democratic politicians for government handouts. Feb 13, 2014 7:44 AM PT

Only 113K Jobs--How Decadence Breeds Decay

The economy created only 113,000 jobs in January, up from 75,000 in December. Colder than normal weather was a factor, but that does not explain two consecutive months of poor performance. These sad results are consistent with a broadly underperforming economy. Feb 7, 2014 7:35 AM PT

What to Expect from Friday's Jobs Report

On Friday, economists expect the Labor Department to report the economy added 181,000 jobs in January, up from the disappointing 74,000 scored in December. That's about half the pace needed to bring unemployment down to acceptable levels and motivate the Federal Reserve to raise targets for short-term interest rates. Feb 6, 2014 6:35 AM PT

State of the Union Mixes Sound and Foolish Proposals Laced with Demagoguery

Promising to address inequality and strengthen the middle class, President Obama’s State of the Union combined sound and foolish proposals, laced with good old fashioned demagoguery. Despite nearly five years of economic recovery, the fortunes of working Americans have decidedly worsened. The president’s policies should carry considerable culpability and bear correction. Jan 29, 2014 7:40 AM PT

State of the Union and Crafting a Winning GOP Strategy

President Obama, dogged by the bungled rollout of the Affordable Care Act and a slow economic recovery, is declaring war on inequality. An age-old problem made worse by his policies, he offers more opiates—like raising the minimum wage—that fail to address the root causes of vanishing opportunities and falling incomes for most Americans. Jan 28, 2014 11:14 AM PT

What President Obama Doesn’t Get About Inequality

Inequality is President Obama’s highest priority, but his solutions are wholly naive. Disparities between rich and poor are as ancient as civilization, but in modern democracies, this condition is exacerbated by globalization and technologies that drive it. Jan 21, 2014 12:00 PM PT

World Economic Forum and Income Inequality

Income inequality is a terribly complex issue, and for generations, economists have grappled with its causes and consequences, which feed on each other. In modern times, inequality has been caused, primarily, by two factors: globalization, the technologies that drive it, and well-meaning government policies that address symptoms rather than the structural problems that cause and exacerbate inequality. Jan 18, 2014 1:50 PM PT

Fixing Inequality

Inequality is replacing the American dream, because the U.S. economy--thanks to Washington’s mismanagement--is underperforming. Jan 15, 2014 9:07 AM PT

Hard Data: Jobs Market Unchanged, Analysts Flack for White House

The jobs market is not shifting into high gear, as some analysts have suggested, and the disappointing December jobs report, standing alone, means nothing. The labor market continues to move along much as it has for the past two years. Hiring is too slow to really dent unemployment. Jan 13, 2014 1:48 PM PT

Economy Adds Only 74,000 Jobs in December

The economy created only 74,000 jobs in December, well below the 2013 average of 188,000. The Labor Department report indicates stronger growth for the coming year predicted by many economists may not materialize. Jan 10, 2014 6:34 AM PT

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

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