Peter Morici: Republicans Need to Embrace Change

Republicans need to get behind a platform of change, says economist Peter Morici, a professor at the University of Maryland.

"There are a lot of Republicans that kind of like things the way they are,'' he said.

Morici appeared with Rick Ungar, co-host of the SiriusXM radio show "Steele & Ungar," on a panel discussion moderated by Dennis Kneale, guest host of "The Steve Malzberg Show," on Newsmax TV.

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Chances are good that Republicans will hold onto the House of Representatives and seize the Democratic-controlled Senate in the midterm elections, says Ungar.

"[It's] reasonably good. There's no way that they're not going to hold onto the House, that's just not going to happen.

"We still have a long time to go, [but] if today were Election Day, it's hard for me to imagine that the Republicans don't take over the Senate.

"Any way you slice it, President Obama is a lame-duck president. He's the earliest lame-duck we've seen in quite a while barring a catastrophe, barring a foreign situation.''

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