These are the personal views of Peter Morici, a professor at the University of Maryland’s Robert H. Smith School of Business and former chief economist at the U.S. International Trade Commission:
Stocks are tumbling, as investors realize President Obama is simply not offering policies that will fix the U.S. and global economies.
Each week more than 450,000 Americans apply for new unemployment benefits, and 17% of adults can’t find a full time job or have quit looking for work altogether.
Since Massachusetts voters sent Democrats a vote of no confidence, President Obama has been doubling down on bigger government and class warfare as the road to prosperity.
Meanwhile, the two biggest problems that block economic recovery go unaddressed-most businesses lack enough customers and access to bank credit to create jobs. Continue reading…