In 2010, frustrated with huge federal budget deficits and too little progress on the economy, American voters elected a Republican House to rein in federal finances and restore some sanity.

Now, as GOP House acts on its mandate, Mr. Obama accuses it of imposing a radical vision on America, social Darwinism and bogus trickle-down economics. "The Republicans in Congress have doubled down," the president said. "Their new budget makes their Contract with America look like the New Deal."

In fact, it is Mr. Obama's own elitist vision of America and flawed policies that are stealing hope and robbing the middle class.

Professor Peter Morici, of the Robert H. Smith School of Business at the University of Maryland, is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals, including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions, including Columbia University, the Harvard Business School and Oxford University. His views are frequently featured on CNN, CBS, BBC, FOX, ABC, CNBC, NPR, NPB and national broadcast networks around the world.

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