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.
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.
Peter Morici says for the GOP to win elections, it must abandon long-held beliefs and biases.
This academic says the tax and spending package passed by the Senate and House provides little prospects of improvement.
More self control in rhetoric and authentic mutual respect could give us a civility, argues the out-spoken academic.
In 2013, the economy will be hard pressed to accomplish the 2 percent growth registered this year, and unemployment only will continue falling if more adults opt out of the labor market or settle for part-time work.
The academic argues the heads of central banks know easy money can’t overcome flawed government policies.
The $500 billion annual trade deficit is a major drag on domestic demand and a deal to slash the federal budget deficit that raises taxes and cuts government spending by a combined $250 billion, the trade gap could thrust the economy into recession again.
The Obama Administration’s most effective jobs program so far has been convincing millions of Americans to settle.