Quotations
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Peter Morici Quotes
«The real problem is the absence of resolve in the Bush administration to deal with China, ... It's policy toward China is not in shambles, but it's very close to it.»
Author: Peter Morici
«With the exception of the July burst in auto sales, retail sales growth has been weak in recent months because consumers are now strapped.»
Author: Peter Morici
«China's purchases of dollars create a 33 percent subsidy on its exports, and are having a devastating effect on U.S. workers with only a high school education or only some college or technical training, ... Were foreign governments to stop manipulating currency markets, the trade deficit would be cut in half. (That) would increase GDP growth to about 5 percent a year and create as many as five million additional new jobs over the next three years.»
Author: Peter Morici
«The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.»
Author: Peter Morici
«A trade deficit like this is unacceptable, ... It lowers our GDP growth.»
Author: Peter Morici
«We really need some help from OPEC and the Saudis to help control inflation,»
Author: Peter Morici
«The largest threat to the survival of the automobile industry in the United States are the UAW [Union Auto Workers Union] contract and the legacy costs [of retired employees] on the one hand, and the management team that grew up in a rather cushy era in which they enjoyed market dominance,»
Author: Peter Morici
«We simply don't know the extent of the economic and infrastructural damage in the Southeast, ... Of course, gas and heating fuel are going to be higher, and transportation of all goods will cost more in the short term.»
Author: Peter Morici
«We are caught in the situation of needing more materials for the construction effort and less ability to make them. The port's closure disrupts a lot of supply lines,»
Author: Peter Morici
«GM's announced plant closings do little to address the underlying problems, ... It will be smaller, but its per-unit costs will still be too high to compete.»
Author: Peter Morici