Peter Morici: Russia With Nukes Is Not Just a 'Regional' Power

Wednesday, 26 Mar 2014 09:20 PM

By Aaron Stern

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
President Barack Obama cast Russia's Crimean land grab as the desperate action of a regional power in decline during a Tuesday speech in the Netherlands.That is an oversimplification, says economist and University of Maryland professor Peter Morici.

"The reality is that Russia defies definition; it is really only a regional power when it comes to conventional military," Morici told "The Steve Malzberg Show" on Newsmax TV.

The big difference between Russia and the average regional power, Morici said, is that Russia "happens to sit on enough thermonuclear warheads and missiles to reduce the United States to rubble, which means it can move in ways that other regional powers can't because it can blackmail us with the threat of nuclear war."

Story continues below video.

Former U.S. Rep. Pete Hoekstra told Malzberg the big concern is that Europe is vulnerable right now because its nations are dependent on Russia for natural gas, while the United States missed an opportunity in the last five years to supply Europe with energy by instead focusing its efforts on restricting domestic production of fossil fuel-based energy.

Now the White House is struggling to contain an old foe and is approaching international crises without a clear agenda, he said.

"I don't think Russia is worried about what Obama is saying at this point," Hoekstra said. "The president is moving from one statement to another, from one small little crisis to another without an overarching plan."

Hoekstra said it is unclear whether Russia has also been emboldened by intelligence of U.S. military capabilities gathered from former NSA contractor Edward Snowden, now living in Russia under political asylum.

"I don't know whether he gave [intelligence] to the Russians, I don't know, but the bottom line is he took a lot of information that can hurt us," Hoekstra said.

See the “Steve Malzberg Show” on Newsmax TV each weekday live by clicking here now.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ex-Gov Turned Cannabis CEO: Pot Legal Across US by 2024

Thursday, 23 Oct 2014 22:25 PM

Former New Mexico Gov. Gary Johnson, who runs a publicly traded marijuana products company called Cannabis Sativa, Inc.  . . .

Ex-Rep. Istook: Wind Energy a Crony Capitalist Gift

Thursday, 23 Oct 2014 22:13 PM

Wealthy investors in wind power are reaping profits from an expensive , and subsidized , form of green energy that is dr . . .

Leahy: Some Americans 'Never Want' Another Black President

Thursday, 23 Oct 2014 21:49 PM

Democratic Sen. Patrick Leahy of Vermont said Thursday that some Americans "never want to have" another black president. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved