Peter Morici, a professor at the Smith School of Business, University of Maryland School and occasional guest on CNN posted an article on the Logisticstoday website starting with the following words:
The Tea Party is winning big, because the U.S. economy is failing. Voters are disgusted with a mess instigated by Washington spoiling Wall Street and kowtowing to China, and leaders of both major parties appear clueless.
Mr. Morici goes on to point out that the departure of industry and R&D to China and other Asian nations has resulted in the export of all the jobs that those industries provided American workers. He sees no events that will change this course of events. He further argues that disputes over income tax rates is just a diversion from the real issues surrounding the economic well being of America. He argues that the United States is following the path of the U.K. that has resulted in an economy that never recovered from “excessive state intrusion in the private economy.”
AOL’s Senior Correspondent, Joseph Schuman, says that Barack Obama’s pitch for relecting Democrats this Fall will be 1. The Economy Is Better Than It Was When We Found It. 2. Tax Cuts for the Middle Class, Not the Wealthy. 3. 3. Republicans Are Playing Election-Year Games.
I wonder if the Barack Obama has read this piece in the New York Times?
While all the fighting over the economy is going on there is a fierce battle over social issues from mosques to immigration reform, and rights for homosexuals.
My question is who will be the presidential candidates in 2012?
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