Leading Economist Morici: Obama Has “Put a Pistol to the Head of the Middle Class” (Video)

Economist Peter Morici had this to say this morning about Obama’s fiscal cliff negotiating tactics:

“The president, by being so persistent that it’s my way or the highway, no spending cuts, taxes on folks over $250,000 or nothing, has basically put a pistol to the head of the middle class. It’s threatened them with financial extortion if he doesn’t get his way to satisfy the populist wing of the Democratic Party.”