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Peter Morici

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Wiki
“ Bigger than the budget deficit, America has a leadership gap. Despite last February's $787 billion stimulus package, the economic recovery is not creating jobs; unemployment is rising (34 million, including those whose benefits have expired, out of a workforce of 153.9 million); and the president and Congress offer little more than nostrums and platitudes. ”
Commentary: Net-centric Cassandras
United Press International
“ The consensus forecast for fourth quarter growth is 2.9 percent, and this may be optimistic ”
Economic Outlook: It's the economy, stupid
United Press International
“ The trade deficit was a principal cause of the Great Recession. Now, it threatens to torpedo the economic recovery and keep unemployment above 10 percent for the foreseeable future ”
Economist: Trade gap undermines recovery
United Press International
“ More than anything else, U.S. businesses need customers -- more sales of U.S.-made goods and services -- to get the economy rolling and hire more Americans ”
Economist: Trade gap undermines recovery
United Press International
“ Lacking exports to pay for oil and Chinese televisions, sustainable growth remains below the three percent necessary to pull down unemployment ”
Economic Outlook: Unstoppable cliches
United Press International
“ Money spent on Chinese coffee makers and Middle East oil cannot be spent on U.S.-made goods and services, unless offset by exports ”
Economic Outlook: A momentary balance
United Press International
“ China subsidizes exports through tax rebates, regulated raw material prices, and other industrial policies that expand its foreign sales far beyond manufactured products that benefit from its abundant low-wage labor ”
Economic Outlook: Sino-syncopation
United Press International
“ Fixing trade with China will require a tax on dollar-yuan transactions if China continues to refuse to stop subsidizing dollar purchases of yuan to prop up its exports and shift Chinese unemployment to the U.S. manufacturing sector ”
Walker's World: Depression looms
United Press International
“ The economy will not recover without fundamental changes in banking and trade policy ”
Walker's World: Depression looms
United Press International
“ The Obama administration will feel pressure to repay its campaign debts ”
White House bails out GM, Chrysler
United Press International
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