For example, the Agriculture Department has one of the largest staffs of economists in the world. Surely, safe food is more important than yet another dull research paper. Military bands could stand down to maintain Marine guards at embassies.

Repeatedly, the President has exclaimed that if Congressional Republicans don't cooperate, spending cuts now could derail the hard-won recovery. It puzzles why he believes $85 billion in spending cuts could make such a difference, when avoiding those cuts through higher taxes would not.

Whether a second recession occurs is already baked in the cake. Obama's $150 billion in January tax increases, and rate hikes imposed by Democratic governors from Maryland to California, have forced consumers to trim purchases.

Retailers and wholesalers are reporting weaker traffic and are trimming inventories, and corporate leaders have announced plans to cut new investments and hiring owing to weak demand and more burdensome health care costs and regulations.

When Americans can't get hamburger at the supermarket and unemployment rises this spring, the President will blame Republicans for permitting sequestration, but it is the American people that bear the burden of his inflexibility, disregard for the facts and neglect in undertaking the responsibilities of his office.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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.

If you liked this article you might like

Economy Would Be Better Off With a Republican President

A Professor's Message for the Holidays: Time to Celebrate!

Paris Climate Conference Is a Bad Deal for America

Weak U.S. Jobs Growth Is Only Part of a Bigger Problem