Peter Morici

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How Obama Aids Terrorist Recruiters

America and the entire West are at war with jihadist terrorism and radical Islamism—on the battle fields of the Middle East with ISIS and al Qaeda but more importantly in coffee houses, the basements of mosques, and on the internet for the hearts and minds of young people.
AP Photo/Pablo Martinez Monsivais

Moderate Muslims, Obama Failing to Counter Terrorist Recruitment

Fighting racism, prejudice, and the violence those can beget is everyone’s job. Muslims would do well to respond to President Obama’s invitation to combat extremist ideas in their communities, but too often Washington’s broader policies toward minorities encourage just the opposite.
Europe Greece Flags Athens

Greek Revolt Long Overdue

The newly elected Greek government is quite correct to eschew austerity and seek reductions in what it owes northern European governments. The Euro is punishing the South, and solving Mediterranean states’ chronic financial problems would require moving some industry from the North to the South. More austerity would only bleed the patient further.

As Economy Slows, Fewer New Jobs

The economy added 257,000 jobs in January, down significantly from the 324,000 fourth quarter average monthly gain. Overall, the economy is creating jobs, but lower oil prices and a strong dollar are slowing the pace.
AP Photo/Charles Dharapak

America’s Second Age of Pericles

Reading the president’s State of the Union and Budget Message, Americans are on the cusp of the second Age of Pericles. The economy is booming and with new taxes on the wealthy and free community college for all, lasting prosperity can be assured.
Flickr Creative Commons / Kathryn Decker

Getting the Couch Potatoes Back to Work

In 2014, GDP growth bounced back in the spring and summer from a tough winter, but in the fourth quarter, it fell off to 2.6 percent. History indicates the country should be doing a lot better—simply, too many prime working-age Americans are despondent and have permanently dropped out of the workforce.
AP Photo/Petros Giannakouris

Now Greeks Should Dump the Euro

By electing Syriza leader Alexis Tsipras to be premier, Greeks voted to end the draconian economic measures imposed by Germany and other international lenders.

Obama Bent on Soak the Rich Schemes

In his State of the Union address, President Obama will propose much he knows the Republican-controlled Congress will not enact, but his real agenda is to set the table for Hillary Clinton’s 2016 presidential campaign.
AP Photo/Claude Paris

France Must Abandon Pell-Mell Accommodation of Islam

Prime Minister Manuel Valls has declared France is at war with radical Islam, but his government may have to take on Islam altogether. Certainly, it must abandon its pell-mell accommodation of immigrant cultures that threaten French civilization.
FBI formally accuses North Korea of cyber attack on Sony

Obama Could Stifle North Korea’s Shakedown of Sony

The American people now have a censor–North Korean dictator Kim Jong Un–and they can thank President Obama’s failure to defend their rights to free speech and privacy. After hacking Sony’s computer network and subjecting its employees to identity theft and
AP Photo/Richard Drew

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
Jobs Jump in November but Outlook Remains Guarded

Jobs Jump in November but Outlook Remains Guarded

The economy added 321,000 jobs in November–a dramatic jump from October. Overall the economy is creating many more jobs, but the outlook remains guarded. Unemployment stayed constant at 5.8 percent because the jobs count is based on the survey of
Who Killed Black Friday?

Who Killed Black Friday?

Black Friday weekend is just not what it used to be. Despite falling gas prices, stock prices posting records, and buoyant consumer confidence, Thanksgiving weekend sales–in stores and on-line–were down about 11 percent from last year. Five forces combined to

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