Thanks for posting this Jim. It's one of the reasons I usually say I'm an "economic historian" rather than simply an economist. I wonder how Michael does with John Eckalbar at CSU Chico? John might be another one of those nice guys who can't add things up ... or.
Larry Shute On 22 Aug 2012, at 11:22 AM, Jim Devine <[email protected]> wrote: > Economists For Romney > > Economists Supporting Mitt Romney for President > > We enthusiastically endorse Governor Mitt Romney’s economic plan to > create jobs and restore economic growth while returning America to its > tradition of economic freedom. The plan is based on proven principles: > a more contained and less intrusive federal government, a greater > reliance on the private sector, a broad expansion of opportunity > without government favors for special interests, and respect for the > rule of law including the decision-making authority of states and > localities. > > Applying these principles, Governor Romney would: > > Reduce marginal tax rates on business and wage incomes and broaden > the tax base to increase investment, jobs, and living standards. > > End the exploding federal debt by controlling the growth of > spending so federal spending does not exceed 20 percent of the > economy. > > Restructure regulation to end “too big to fail,” improve credit > availability to entrepreneurs and small businesses, and increase > regulatory accountability, and ensure that all regulations pass > rigorous benefit-cost tests. > > Improve our Social Security and Medicare programs by reducing > their growth to sustainable levels, ensuring their viability over the > long term, and protecting those in or near retirement. > > Reform our healthcare system to harness market forces and thereby > reduce costs and increase quality, empowering patients and doctors, > rather than the federal bureaucracy. > > Promote energy policies that increase domestic production, enlarge > the use of all western hemisphere resources, encourage the use of new > technologies, end wasteful subsidies, and rely more on market forces > and less on government planners. > > In stark contrast, President Obama has failed to advance policies that > promote economic and job growth, focusing instead on increasing the > size and scope of the federal government, which increases the debt, > requires large tax increases, and burdens business with many new > financial and health care regulations. The result is an anemic > economic recovery and high unemployment. His future plans are to > double down on the failed policies, which will only prolong slow > growth and high unemployment. > > President Obama has: > > Relied on short-term “stimulus” programs, which provided little > sustainable lift to the economy, and enacted and proposed significant > tax increases for all Americans. > > Offered no plan to reduce federal spending and stop the growth of > the debt-to-GDP ratio. > > Failed to propose Social Security reform and offered a Medicare > proposal that relies on a panel of bureaucrats to set prices, > quantities, and qualities of healthcare services. > > Favored a large expansion of economic regulation across many > sectors, with little regard for proper cost-benefit analysis and with > a disturbing degree of favoritism toward special interests. > > Enacted health care legislation that centralizes health care > decisions and increases the power of the federal bureaucracy to impose > one-size-fits-all solutions on patients and doctors, and creates > greater incentives for waste. > > Favored expansion of one-size-fits-all federal rulemaking, with an > erosion of the ability of state and local governments to make > decisions appropriate for their particular circumstances. > > In sum, Governor Romney’s economic plan is far superior for creating > economic growth and jobs than the actions and interventions President > Obama has taken or plans to take in the future. This November, voters > will make a fundamental choice between differing visions of America’s > economic future. > > Signed (affiliations listed for identification purposes only), > > Gary Becker, Nobel laureate > Robert Lucas, Nobel laureate > Robert Mundell, Nobel laureate > Edward Prescott, Nobel laureate > Myron Scholes, Nobel laureate > > Burton Abrams, University of Delaware > James D. Adams, Rensselaer Polytechnic Institute > Douglas Adie, Ohio University > Lee C. Adkins, Oklahoma State University > Richard Agnello, University of Delaware > James Ahiakpor, California State University, East Bay > William Albrecht, University of Iowa > Michael J. Alderson, Saint Louis University > John W. Allen, Texas A&M University > William Allen, University of California, Los Angeles > Fernando Alvarez, University of Chicago > Joe Antos, American Enterprise Institute > J. J. Arias, Georgia College > Scott Baier, Clemson University > Charles Baird, California State University, East Bay > Eric Baklanoff, The University of Alabama > Spencer Banzhaf, Georgia State University > Robert J. Barro, Harvard University [no surprise!] > William Beach, Alexandria, VA > Howard Beales, George Washington University > Stacie Beck, University of Delaware > Larry Belcher, Taylor University > Don Bellante, University of South Florida > Michael Bennett, Curry College > Bill Beranek, University of Georgia > Richard Bernstein, Temple University > Sanjai Bhagat, University of Colorado > Andrew Biggs, American Enterprise Institute > Robert Bise, Orange Coast College > Michael Block, University of Arizona > Cecil Bohanon, Ball State University > Michael Bond, University of Arizona > Carlos Bonilla, Airline Forecasts > Donald Booth, Chapman University > G. 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