Peter Morici

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Economy Can Handle Higher Interest Rates

The U.S. economy can handle higher interest rates, and the Federal Reserve’s policymaking committee has signaled such a move is likely by summer. The Fed has kept short term borrowing rates near zero since December 2008 to support recovery from
Fed's Credibility at Stake

Fed's Credibility at Stake

Federal Reserve policymakers meet Tuesday and Wednesday to discuss when to raise interest rates and how they will communicate those intentions without upsetting financial markets or the economic recovery. Unfortunately, the Fed is constrained by its own past missteps, and
Obama’s Peculiar View of Economics and Law

Obama’s Peculiar View of Economics and Law

President Obama has a peculiar approach to public policy. Listen to what the radical left wants, or political expediency requires, then make up the facts, twist economics and rewrite the law to suit.  Here are four examples.  1. Obamacare When
Obama Continues to Sell Out American Workers for Political Gain

Obama Continues to Sell Out American Workers for Political Gain

The mid-term elections made clear American voters want Washington to better address high unemployment and stagnant wages. Yet, on issues ranging from energy to immigration to trade, President Obama continues to put politics ahead of strengthening American families. Senator Mary
How a GOP Congress Could Force Obama to Work with Them

How a GOP Congress Could Force Obama to Work with Them

Getting elected is tough, but for the new Republican majority in Congress, working with President Obama could prove downright daunting. After the drubbing Democrats took in the mid-term elections, the president oddly pronounced if the GOP has some ideas to
Lackluster Jobs Growth Continues

Lackluster Jobs Growth Continues

The economy added 214, 000 jobs in October. The pace has picked up over the last year, but it is still far short of the 400,000 per month needed to bring unemployment down to acceptable levels. The official jobless rate is 5.8 percent,
Growth, Jobs, and the GOP

Growth, Jobs, and the GOP

Having won control of Congress, the GOP must now put forward a clear program to create jobs and govern reasonably, lest it give Democrats the upper hand for the 2016 presidential election. In recent months, economic growth has accelerated, but
Electing a GOP Senate Won't Fix What's Broke

Electing a GOP Senate Won't Fix What's Broke

Voter discontent will give the GOP control of the Senate, but Americans quickly will become as disenamored with a new cast on Capitol Hill. Paychecks are stagnant and health care and many other things too expensive, but Americans won’t accept

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