Peter Morici

Tracking Biden and his radical left’s crisis of confidence with American capitalism

Like other newly elected executives, President-elect Joe Biden is caught between his campaign promises and what he can reasonably deliver. Often that comes down to money.

January 3, 2021

Without new taxes, Biden’s campaign promises will cost Americans about $10 trillion over 10 years

President-elect Joe Biden has an expansive regulatory and spending agenda and a lot more room to maneuver than conservatives admit.

December 28, 2020

Biden can bring nation together with bold Infrastructure program

President-elect Biden needs a large-scale project that will summon the political class and national imagination to rescue the country from another four years of partisan distrust.

December 27, 2020

Biden’s kumbaya internationalism won’t defend America

The world has radically changed since the Obama-Biden team took the reins 12 years ago.

December 22, 2020

Government’s case against Facebook is bad economic policy

The Federal Trade Commission with 47 states are suing Facebook for allegedly squelching competition by acquiring startups, and seeking divestiture of Instagram and WhatsApp. The suit is fundamentally flawed and bad economic policy.

December 20, 2020

Biden’s economic and defense appointments wrong for dealing with China

China poses the greatest challenge to American global leadership and liberty but judging by key appointments, President-elect Biden appears clueless to Beijing's strategies.

December 15, 2020

A Biden commission on judicial reform won’t fix what’s broken

Should the Democrats win both runoff elections in Georgia and gain control of the Senate, President-elect Joe Biden and Democratic leaders will come under considerable pressure from their more radical party members to pack the U.S. Supreme Court.

December 13, 2020

Why forgiving student debt tax free makes sense

America has imposed a cruel hoax on its children -- the notion that college is essential for prosperous life.

December 8, 2020

Republicans must move to the center to win the midterm elections

Democrats sought to fundamentally restructure American democracy -- pack the Senate by granting statehood to a federal district one-eighteenth the size of Rhode Island and turn the U.S. Supreme Court into a House of Lords.

December 4, 2020

Biden must make a COVID-19 stimulus bill happen now

"It was the best of times, it was the worst of times," the oft-quoted opening line from "A Tale of Two Cities," is an apt description of the American economy. And we know how those times ended -- in revolution.

December 1, 2020

Voters rejected radical Joe Biden and he now has a mandate to work with moderate Republicans

Voters have chosen the moderate Joe Biden who won the Democratic primaries, but by sending more Republicans to Congress and statehouses, they rejected the radical Joe Biden.

November 29, 2020

Trade with China will prove a formidable test for Biden’s foreign policy

Presumed President-elect Joe Biden will be terribly constrained. The country can't afford massive new programs without big deficits or taxes a Republican Senate won't permit.

November 24, 2020

What voters are telling Joe Biden about his Democrats’ radical agenda

In the recent elections, Americans expressed with considerable clarity they are not receptive to the radical agenda embraced by Democrats since Elizabeth Warren and Alexandra Ocasio-Cortez stormed Washington.

November 18, 2020

Expanding the pool of skilled labor is key to Joe Biden resurrecting the economy

President-elect Joe Biden ran on a platform to address climate change, remedy inequality, resurrect the economy and implement a more focused COVID-19 strategy.

November 15, 2020

Biden remains vague on how he will address pandemics, climate change and China

President-elect Joe Biden won by renting a platform from left-wing Democrats and then going awfully vague on how he will address the nation's existential challenges -- pandemics, climate change mitigation and China.

November 11, 2020

Biden’s tax plan would torpedo growth, hurt low-income Americans

Joe Biden captured the Democratic nomination with strong support from party elders earned by running as a moderate. Once nominated, he embraced more radical ideas from rivals like Bernie Sanders to unify his party.

November 9, 2020

House Democrats go too far in wanting to persecute Big Tech

House Democrats are on the warpath -- Facebook, Amazon, Apple and Google (FAAG) are the targets.

November 4, 2020

With President Biden, Europe and America would continue to drift apart

Europe and America are like an estranged couple -- love lost and the premise for the marriage fading into memory. Europeans may cheer a Biden victory, but it won't remove irreconcilable differences and dysfunctions.

October 28, 2020

Stick with stocks through the contested election

Investors should look beyond the turmoil of the next few months and stick with stocks.

October 19, 2020

High unemployment and inflation will challenge Fed and the next president

Whether it's President Trump or Joe Biden, the White House -- and Federal Reserve -- face another tough year in 2021.

October 12, 2020