Tags: IRS Scandal | Steve Malzberg Show | taxes | peter morici | obama | economy

Economist Morici: Obama Destroying Americans' Faith in the Country

Thursday, 10 Apr 2014 07:21 PM

The damaging policies enacted by the Obama administration are destroying Americans' faith in their country, according to economist Peter Morici, a professor at The University of Maryland.

"The human cost of this man’s policy is tremendous. One out of every six men between the ages of 25 and 54 doesn't have a job. That's kind of a small-scale Greece," Morici told "The Steve Malzberg Show" on Newsmax TV.

"That's very sad that it's come to America, but America is losing its brand. American companies are moving their corporations to Ireland because, not just because of tax rates, [but] how brutally and unfairly they are enforced."

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"Americans abroad are disavowing their citizenship because it's becoming too difficult to be an American working abroad. You can't get a bank account, nobody wants to touch you."

Morici also criticized the IRS for becoming "kind of like the Spanish Inquisition …
"It doesn't throw you in the dungeon, it just takes all of your money away. If you vote the wrong way, or if you just support the wrong people.

"Now that's just not America. I don't know where we live, but I'm not living in America anymore when that happens."

Morici is outraged by the forced resignation of Mozilla CEO Brendan Eich, after it was revealed the co-founder of the tech giant had contributed $1,000 to a campaign fighting California's anti-gay marriage Proposition 8.

"Regardless of how you or I feel about gay marriage, he wasn't giving money to the Ku Klux Klan and it was only $1,000," Morici said.

"How he was treated just indicates what cowards live in Silicon Valley. My definition of a coward is a man who kisses up and kicks down and that's what you're seeing among these people.

"It's really a terribly sad and despicable situation in America. It's kind of a modern-day version of McCarthyism. I mean, pretty soon you know they're going to be making a list."


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


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