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Keyword: morici

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  • Leading Economist Morici: Obama Has “Put a Pistol to the Head of the Middle Class” (Video)

    12/30/2012 12:41:55 PM PST · by Nachum · 17 replies
    The Gateway Pundit ^ | 12/30/12 | Jim Hoft
    Economist Peter Morici had this to say this morning about Obama’s fiscal cliff negotiating tactics: “The president, by being so persistent that it’s my way or the highway, no spending cuts, taxes on folks over $250,000 or nothing, has basically put a pistol to the head of the middle class. It’s threatened them with financial extortion if he doesn’t get his way to satisfy the populist wing of the Democratic Party.”
  • Tax China, Bankers' Pay to Bring Back Jobs

    10/11/2010 6:01:49 AM PDT · by 1rudeboy · 11 replies
    The Street ^ | October 11, 2010 | Peter Morici
    [preceeding excerpted] While Citigroup(C) Chairman Vikram Pandit pays new bank executives $5 million and $10 million a year with its share of the $2 trillion in taxpayer money ploughed into Wall Street by the Federal Reserve and TARP, as many as 3,000 of the 8,000 regional banks may disappear through failure or acquisition by larger brethren. Washington provided Wall Street with taxpayer cash to monopolize banking. Now those banks are pushing down CD rates the elderly receive on savings, jacking up credit card fees, and setting aside credit for big multinationals that outsource more jobs than they create. Meanwhile, disappearing...
  • U.S. global warming plan criticized

    06/05/2008 2:31:19 AM PDT · by markomalley · 13 replies · 48+ views
    UPI ^ | 6/4/2008
    BALTIMORE, June 4 (UPI) -- A U.S. economist praises Congress for planning to fight global warming, but he says the plan being considered would hasten environmental calamity. Peter Morici, former chief economist at the U.S. International Trade Commission, is concerned about the Warner-Lieberman bill pending in the Senate. It would limit U.S. greenhouse gas emissions by 2012 to 2005 levels, and reduce those by 70 percent in 2050. "Unfortunately, by encouraging energy-intensive American industries to flee to developing countries, this bill would penalize U.S. businesses that could contribute to reducing greenhouse gas emissions and thus accelerate global warming," said Morici...