Quotations
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Peter Morici Quotes
«If an activity moves abroad and becomes an import, all that labor is lost, ... It really doesn't matter very much who owns the plant that makes the imports.»
Author: Peter Morici
«It doesn't matter who owns the assets. You can get capital to build a plant anywhere. What matters is where the plant is,»
Author: Peter Morici
«Large trade deficits divert consumer purchases at Wal-Mart from domestic factories to offshore producers in China and elsewhere. Wages adjusted for inflation will continue to fall as long as American workers must compete with subsidized Chinese imports.»
Author: Peter Morici
«After a brief reprieve, the specter of a winter jobs drought looms large and frightening.»
Author: Peter Morici
«It's lowering growth by one to one-and-a-half percentage points. If we cut the deficit in half, we'd pick up 5 million jobs in three years and the unemployment rate would fall to 4 percent.»
Author: Peter Morici
«The reality is across sectors and across regions the picture is very mixed. The auto sector is not only troubled, but becoming more troubled,»
Author: Peter Morici
«A bad jobs report is not enough for Greenspan to justify violating expectations,»
Author: Peter Morici
«I think what people pay attention to is their take-home pay, ... It's a weak labor market that is causing slow wage growth, making them feel bad about the economy.»
Author: Peter Morici
«Bush has a clear idea of what he wants to do on the economy, ... He's really not looking for people to come in and create new policy for him, rather to be a messenger and execute according to his blueprint.»
Author: Peter Morici
«We're starting to get into the zone where if this persists its problematic,»
Author: Peter Morici