Via Newsmax TV:
President Barack Obama’s economic policies are proving disastrous for the country, says Peter Morici, a professor of international business at the University of Maryland.
“The three horses in the apocalypse for the American economy are Obama’s energy policies, . . . excessive business regulation . . . and Obamacare,” he tells Newsmax TV in an exclusive interview.
The energy policy is “shutting down drilling in the eastern Gulf and off the coast of the Atlantic and Pacific,” Morici says. The amount of regulation that affects the economy has tripled under Obama, raising the cost of capital and keeping people from creating jobs, he says.
As for the Affordable Care Act, it’s “a definite negative drag on the economy,” Morici states. …
“No president could have conceived a better program for shutting down jobs creation, collaring growth, and setting America on the path to decline than Mr. Obama’s team,” he states. “It’s an absolute tragedy what’s happening to the United States.”
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