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Peter Morici: Obama Has "Put A Pistol To The Head Of The Middle Class"

"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," economist Peter Morici said about President Obama's fiscal cliff negotiating tactics on FOX News today. (source: Gateway Pundit)

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