Peter Morici is a professor at the Smith School of Business, University of Maryland, and former Chief Economist at the U.S. International Trade Commission.
With the Dow setting new records, it is important to recognize current stock prices are hardly extraordinary, says this economist.
The President has spent the last several weeks painting a picture of economic Armageddon if he doesn't get his way and Republicans are betting Mr. Obama is overstating his case.
It's bad, but as this economist explains, it would have been a lot worse if thousands of Americans had not just given up.
President Obama has declared the U.S. must respond to the threat of climate change; however, his plan will likely hasten the pace of global warming according to this academic.