Peter Morici: Reid's Dismissal of ACA 'Horror Stories' Is 'Nonsense'

Wednesday, 26 Feb 2014 07:17 PM

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Senate Majority Leader Harry Reid's assertion that Obamacare "horror stories . . . all are untrue" is a Democratic political strategy that's "just absolute nonsense," says economist and University of Maryland professor Peter Morici.

In a panel discussion including journalist and conservative columnist John Fund on "The Steve Malzberg Show" on Newsmax TV, Morici accused the Democrats of "demagoguery, pure and simple."

"It is doing the for Democrats what they need to do politically, and that is a lot of people have joined the takers group and that is that people are now getting benefits," he said Wednesday.

"That basically increases his majority that carried him through the last election. And they assuage the guilt of these people about the fact that cancer patients are dying by saying it's all fabrication, it's just a big lie, it's like the Holocaust was a lie."

"It's just absolute nonsense," Morici said, "but it works, and that's why they're doing it . . . These guys have been winning elections with this kind of demagoguery, and that's what this is: demagoguery, pure and simple. Populist politics right out of a Latin American playbook circa the 1930s."

Story continues below video.

Fund said that because of the "chaos" created by the new healthcare law, "it makes perfect sense, regardless of the politics, to try to delay this, and if Obamacare is going to survive, at least work out the kinks and somehow adjust things."

President Barack Obama, Fund said, is "just issuing his dictates, these fiats, these executive orders, changing the law willy-nilly."

"Normally what happens when a law like this doesn't work is of course you go to Congress and you actually work with people and you compromise and you change the law," he said. "Obama hasn't done that."

"So, it makes sense to try to give people some confidence and certainty in the future, and a moratorium would do that."

Morici, who said he's not an advocate of the new law, argued that a moratorium isn't doable "because some provisions have already gone into effect."

"I don't think it's really possible to sit down with Congress to work this out simply because the Congress, the Republicans were not involved in the writing of the bill," he said. "

"My feeling is that what's really problematic here is that they have suspended the mandates for many businesses," Morici said. "They're not going to go into effect in time for the fall elections, and as a consequence, it's not going to impact the elections as much as it should."

See "The Steve Malzberg Show" on Newsmax TV each weekday live by clicking here now.

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