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- Expect Third Quarter GDP to Be Revised Downward
- Peter Morici submits: Tuesday, the Commerce Department will report revised data for third quarter GDP. Third quarter growth likely will be revised down to 2.8 percent from the 3.5 percent reported on October 29. The economy contracted 0.7 percent in the second quarter. by Peter Morici
- External links 2009-11-23
- Chrysler Makes a Poor Fit for GM
- Peter Morici submits: This article was originally published in the Detroit Free Press General Motors Corp. GM is having trouble lining up the financing to acquire Chrysler LLC -- either by merging it into its operations or as a scaled-down subsidiary. Observers may blame the credit crisis and the present...
- External links 2008-10-26
- Obama's Health Care Reform Inspires Little Confidence
- Peter Morici submits: America’s health care system is broken, but President Obama inspires little confidence with his fix. Health care absorbs 18 percent of GDP—about 50 percent more than in other wealthy countries. Prices are too high and are a terrible burden on jobs creation. by Peter Morici
- External links 2009-07-07
- A Restart for U.S.-Russia Relations?
- Peter Morici submits: This week, President Obama is putting into action a new foreign and security policy toward Russia--one based on a realistic expression of U.S. goals and interests and a realistic assessment of Russia's interests, even if Prime Minister Vladimir Putin does not recognize all of them. Putin still...
- External links 2009-07-07
- Healthcare: Too Big to Fail?
- Peter Morici submits: U.S. health care is broken but President Obama’s reforms would raise costs and subsidize the beast with taxes on small businesses and the successful. Americans spend 18 percent of GDP on health care, and Obama’s patches and plugs would push that above 20. by Peter Morici
- External links 2009-07-30
- Healthcare: Lawmakers Caught Between Public Trust and the Devil
- Peter Morici submits: If Daniel Webster were alive, the Blue Dogs in the House of Representatives would do well to seek his counsel. On health care, these conservative-leaning lawmakers are caught between the public trust and the devil. by Peter Morici
- External links 2009-08-23
- Bank Pay Must Be Regulated
- Peter Morici submits: Wall Street greed and irresponsibility have nearly destroyed the U.S. economy. Big bonuses for bankers encourage reckless risk taking and were a principal cause of the credit crisis and Great Recession. Pay must be regulated to avoid another calamity. by Peter Morici
- External links 2009-09-21
- Obama Is Losing with Healthcare Reform
- Peter Morici submits: Public opposition threatens to crush President Obama’s healthcare reforms and wound his presidency, because his plans would do more harm than good. by Peter Morici
- External links 2009-09-29
- What Will Friday's Employment Report Indicate About Economic Recovery?
- Peter Morici submits: Friday’s employment report provides a key indicator of economic recovery. Monthly job losses must continue to fall to bolster confidence and consumer spending. In August, the economy shed 216,000 jobs, and the consensus forecast is for another 170,000 jobs lost in September. If job losses exceed 200,000,...
- External links 2009-10-01
- Weekly Forecast for October 26 and November 2, 2009
- Peter Morici submits: Prior observation is the last official release figure. For data where the the figure to be released is a revision of a prior preliminary estimate, as is sometimes the case with GDP, productivity or Michigan consumer sentiment, the prior observation is the preliminary release figure; where no...
- External links 2009-10-25
- Weekly Forecast for November 16 and 23, 2009
- Peter Morici submits: Here are my forecasts for upcoming economic data ...
- External links 2009-11-22
- Proposed Banking Regulations Won't Avert Future Crises
- Peter Morici submits: President Obama has proposed sweeping changes in financial market regulations. Among these, a proposed systemic regulator and a federal resolution authority for large troubled institutions are not likely to help avert or resolve future crises. Regulation has not kept up with innovations in banking, mortgages and the...
- External links 2009-06-23
- Problems with Financial Sector Reform Proposals
- Peter Morici submits: I have gone through the President’s financial sector regulatory reform package. It is a huge bureaucratic overreach that will prove ineffective and too costly. For example, the new systemic risk regulator is an interagency committee, which already informally exists, and the Fed. We all knew about the...
- External links 2009-06-17
- American Healthcare Is Broken
- Peter Morici submits: American healthcare is broken. At 16 percent, the United States spends a much larger share of GDP on healthcare than Western European economies. Yet the United States has about 45 million uninsured, while its peers do not. by Peter Morici
- External links 2009-05-19
- AIG: Paulson's Folly
- Peter Morici submits: The Treasury is injecting another $27 billion into AIG AIG and raising the taxpayers’ investment to $150 billon. Secretary Paulson appears more intent on helping his pals on Wall Street than protecting taxpayer interests. AIG has solid businesses in industrial, commercial and life insurance, but like...
- External links 2008-11-10
- Testimony on the Auto Industry Bailout
- Peter Morici submits: On Tuesday, November 18, I testified before the Senate Banking Committee on the proposed bailout for the domestic auto industry. The other panelists were Senator Debbie Stabenow, the CEOs of GM GM, Ford F and Chrysler, Rick Wagoner, Alan Mulally, and Robert Nardelli, and UAW President Ron...
- External links 2008-11-19
- Auto Industry Bailout Testimony
- Peter Morici submits: On Tuesday, December 9, I testified on the auto industry bailout before the House Select Committee on Energy Independence and Global Warming. Here is my testimony. ******************************************* by Peter Morici
- External links 2008-12-09
- The People's National Bank?
- Peter Morici submits: The Federal Reserve is running out of conventional monetary policy and bond market options. Thus, the time for unconventional policies may be at hand. The Fed has cut the federal funds rate and its short-term lending rate to banks to near zero, but those moves have done...
- External links 2008-12-28
- Sophistry Reigns Supreme: The Slippery Slope of Stimulus
- Peter Morici submits: As Congress has added to the stimulus package, members have become ever more elastic in defining various kinds of spending and tax programs as GDP boosting and jobs creating. Expanded welfare payments, unemployment benefits for part-time workers and more generous tax write offs for past corporate losses...
- External links 2009-02-03
- Friday's Jobs Report: Unemployment Headed for 9%
- Peter Morici submits: Friday, the Labor Department will report employment data for January. In December, the economy lost 524,000 jobs, and the consensus forecast is for another 535,000 jobs lost in January. My forecast is for a 520,000 loss. Unemployment should reach 7.4 or 7.5 percent and...
- External links 2009-02-06
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