Economist Peter Morici Slams Obama's "Arrogant" $3.6 Trillion Economic Plan

3.6 trillion dollars is one out of every four dollars produced in the United States. It’s 25% of the GDP. It’s 2 and a half Californias… We are going from an era where we looked for the private sector to create wealth to where we are looking for the government to orchestrate the economy. Barack Obama says, “The government must lead.” So I take it the private sector is no longer going to decide where investments should go but rather the government is going to decide that we’re going to have a certain kind of energy sector, a certain kind of manufacturing, a certain kind of service sector. That seems to me pretty arrogant.”

Peter Morici
University of Maryland Economist
FOX News
February 27, 2009

Noted University of Maryland economist Peter Morici slammed the Obama Administration’s “arrogant” economic policies today.

Also… How big are the bailouts?
FOX News breaks down the ginormous $3.6 trillion plan:.

By the way, Brian Williams reported:

“If you were to place 3.6 trillion one dollar bills end to end, that line of dollar bills would stretch all the way from Capital Hill all the way to the sun… And, then back to Capital Hill one more time… And, then back to the sun… And, then almost back to Capital Hill.”

I wonder how that would translate in pork rinds?

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!