Friday’s jobs data indicate the economy is slowing down, and President Barack Obama is a major part of the problem, says Peter Morici, professor of international business at the University of Maryland.
Non-farm payrolls rose only 88,000 in March. “It’s a very serious matter to have less than 100,000 jobs,” Morici told Newsmax TV in an exclusive interview.
“[There’s] this mythology in the White House that somehow you can raise taxes and not reduce jobs growth, although the Republicans believe that you can cut spending without reducing jobs growth,” he said. “It’s not surprising that we have a lousy jobs report.”
Obama is operating in a political manner, Morici said.
“Until the president decides he’s not running for president anymore and stops politicking the issue and starts seriously addressing the problems that are holding up the economy, he may be able to elevate somewhat his popularity ratings, but he’s not going to fix the American economy.”
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