 |
|
10-13-2004, 12:13 PM
|
#1 |
|
Old School Balla
Join Date: Oct 2001
Posts: 13,097
  |
368 Economists against Kerrynomics
Economists' Statement On John Kerry's Economic Agenda
To whom it may concern: We, the undersigned, strongly oppose key aspects of the economic agenda that John Kerry has offered in his bid for the U.S. presidency. John Kerry says he "is committed to balancing the budget," but he has proposed additional spending that some analysts have estimated could cost as much as $226.1 billion annually ($2.261 trillion over ten years). He promises to "end corporate welfare as we know it" by implementing the "McCain-Kerry commission on corporate welfare," but he also proposes to provide additional "tax credits and subsidies to manufacturers" that meet his criteria. Entitlement reform is the most important fiscal challenge facing the country, yet Kerry's approach has been to deny that any fix is needed. Indeed, Kerry criticized the recent Medicare expansion for not being large enough. John Kerry has proposed tax increases that threaten to sap the economy's vitality and reduce long-term growth. Specifically, Kerry proposes to "restore the top two [income] tax rates to their levels under President Clinton." He would also, among other things, "restore the capital gains and dividend rates for families making over $200,000 on income earned above $200,000 to their levels under President Clinton." Kerry's stated desire to balance the budget and to boost federal spending substantially would almost certainly require far higher and broader tax increases than he has proposed. John Kerry boasts that his economic policies will lead to the creation of 10 million jobs in his first term as president. As Martin Sullivan wrote last April in the strictly non-partisan Tax Notes, no one "has presented any analysis to relate the Kerry plan to the creation of 1 million jobs, much less 10 million jobs." In fact, we believe Kerry's proposals would, over time, inhibit capital formation, depress productivity growth, and make the United States less competitive internationally. The end result would be lower U.S. employment and real wage growth. John Kerry has expressed a general reluctance to reduce trade barriers. He has promised, if elected, to "review existing trade agreements." He vows not to "sign any new trade agreements until the review is complete and its recommendations [are] put in place." That's a prescription for political gridlock. Given the widespread benefits of unfettered trade, Kerry's trade policies would harm U.S. producers and consumers alike. All in all, John Kerry favors economic policies that, if implemented, would lead to bigger and more intrusive government and a lower standard of living for the American people. Note : Affiliations are provided for identification purposes only. The organizations listed below should in no way be considered as endorsing the views of the individual. Burton A. Abrams University of Delaware Douglas K. Adie Ohio University Richard Agnello University of Delaware William Albrecht University of Iowa Donald L. Alexander Western Michigan University William R. Allen University of California , Los Angeles Ryan C. Amacher University of Texas-Arlington Annelise Anderson The Hoover Institution, Stanford University Martin Amderson The Hoover Institution, Stanford University Wayne Angell Angell Economics (proprietor) Jim Araji University of Idaho Richard K. Armey Former U.S. House Majority Leader John Baden Foundation for Research on Economics and the Environment Charles W. Baird California State University , Hayward Anatol Balbach Private Economist Ray Ball University of Chicago A. Paul Ballantyne University of Colorado at Colorado Springs King Banaian St. Cloud State University Andy Barnett Auburn University Howard J. Beales III George Washington University Stacie Beck University of Delaware Gary S. Becker University of Chicago Don Bellante University of South Florida David BenDaniel Cornell University Bruce Bender University of Wisconsin — Milwaukee Bruce L. Benson Florida State University M. Douglas Berg Sam Houston State University John J. Bethune Barton College Bob Bise Orange Coast College Michael K. Block University of Arizona Cecil E. Bohanon Ball State University Donald R. Booth Chapman University G. Geoffrey Booth Michigan State University George Borjas Harvard University George Borts Brown University Michael J. Boskin Stanford University John H. Boyd University of Minnesota Michael W. Brandl The University of Texas at Austin Wayne Brough Citizens for a Sound Economy David Brown University of Wisconsin at Madison William W. Brown California State University , Northridge John B. Bryant Rice University Phil Bryson Brigham Young University Andrzej Brzeski University of California , Davis Steve Buccola Oregon State University James Buchanan George Mason University Richard C. K. Burdekin Claremont McKenna College Rob Burrus University of North Carolina — Wilmington Jim Butkiewicz University of Delaware Steven Call Metropolitan State College of Denver Colin D. Campbell Dartmouth College Noel D. Campbell North Georgia College and State University Oral Capps, Jr. Texas A&M University John S. Chipman University of Minnesota Barry R. Chiswick University of Illinois — Chicago Richard H. Clarida Columbia University J.R. Clark University of Tennessee R. Morris Coats Nicholls State University Joe Cobb Dana Point , California Howard Cochran, Jr. Belmont University John P. Cochran Metropolitan State College of Denver John Cogan The Hoover Institution, Stanford University Boyd D. Collier Tarleton State University Roy Cordato John Locke Foundation Jim F. Couch University of Northern Alabama Eleanor Craig University of Delaware Ward S.Curran Trinity College Michael R. Darby University of California , Los Angeles Larry Davidson Indiana University Otto Davis Carnegie Mellon University Ronnie H. Davis Florida Institute of Technology Steve Davis University of Chicago Ed Day University of Central Florida (retired) Arthur De Vany University of California , Irvine (emeritus) Thomas DeLeire Michigan State University Gregory J. Delemeester Marietta College Henry Demmert Santa Clara University Christopher DeMuth American Enterprise Institute Craig A. Depken, II Private economist William G. Dewald Ohio State University Arthur M. Diamond, Jr. University of Nebraska at Omaha Jeff Dorfman University of Georgia William C. Dunkelberg Temple University Robert M. Dunn, Jr. George Washington University Parnell Duverger Broward Community College Dennis S. Edwards Coastal Carolina University Isaac Ehrlich State University of New York at Buffalo Jeffrey A. Eisenach CapAnalysis, LLC Dennis F. Ellis University of Michigan at Flint Michael A. Ellis Kent State University Eric Engen American Enterprise Institute Michael R. Englund Action Economics, LLC Stephen J. Entin Institute for Research on the Economics of Taxation Michael Erickson Albertson College Richard E. Ericson East Carolina University Fred G. Esposto Kutztown University Paul Evans Ohio State University Frank Falero California State University (emeritus) Allen M. Featherstone Kansas State University Martin Feldstein Harvard University Paul J. Feldstein University of California , Irvine Arthur A. Fleisher, III Metro State College of Denver Harold Flint Montclair State University Sean Flynn Vassar College Fred Foldvary Santa Clara University William F. Ford Middle Tennessee State University Blair L. Fortner The Senate Majority Fund ( Missouri ) Micah Frankel California State University D. C. Frechtling George Washington University Gary L. French Nathan Associates, Inc. Milton Friedman The Hoover Institution Kenneth C. Froewiss New York University, Stern School of Business B. Delworth Gardner Brigham Young University Dave Garthoff University of Akron Gerald Garvey Claremont Graduate University James F, Gatti University of Vermont Gregory M. Gelles University of Missouri — Rolla Joseph A. Giacalone St. John's University Adam Gifford California State University, Northridge Otis W. Gilley Louisiana Tech University Edward L. Glaeser Harvard University Amy Jocelyn Glass Texas A&M University Richard F. Gleisner St. Cloud State University Charles J. Goetz University of Virginia Rodolfo A. Gonzalez San Jose State University John C. Goodman National Center for Policy Analysis Richard L. Gordon Pennsylvania State University Ernie Goss Creighton University Scott F. Grannis Western Asset Management Bettina Bien Greaves Foundation for Economic Education William B. Green Sam Houston State University Ken Greene Binghamton University John Greenhut Arizona State University West Earl L. Grinols, III Baylor University Daniel M. Gropper Auburn University James Gwartney Florida State University Rik Hafer Southern Illinois University, Edwardsville Dennis Halcoussis California State University, Northridge Stephen Happel Arizona State University Scott Harrington University of South Carolina James E. Hartley Mount Holyoke College Kevin Hassett American Enterprise Institute Joel W. Hay University of Southern California Cary Heath University of Louisiana at Lafayette Robert H. Heidt Indiana University at Bloomington Dale M. Heien University of California, Davis Robert B. Helms American Enterprise Institute James W. Henderson Baylor University Robert Herren North Dakota State University Irving Hoch University of Texas at Dallas (emeritus) Harold M. Hochman Lafayette College (emeritus) Robert J. Hodrick Columbia University Milton L. Holloway Resource Economics, Inc. George Horwich Purdue University (emeritus) Glenn Hubbard Columbia University James L. Huffman Lewis & Clark Law School Larry Hunter Empower America E. Bruce Hutchinson University of Tennessee at Chattanooga Selahattin Imrohoroglu University of Southern California Chris Inama Golden Gate University F. Jerry Ingram University of Louisiana-Monroe F. Owen Irvine Michigan State University Steve Jackstadt University of Alaska — Anchorage Joseph M. Jadlow Oklahoma State University Austin Jaffe Penn State University Sherry Jarrell Wake Forest University Michael C. Jensen Harvard Business School Dennis A. Johnson University of South Dakota (emeritus) Clifton T. Jones Stephen F. Austin State University Jerry L. Jordan Fraser Institute Richard E. Just University of Maryland Alexander Katkov Johnson & Wales University Raymond J.Keating Small Business Survival Committee Kristen Keith University of Toledo Calvin A. Kent Marshall University B.F. Kiker University of South Carolina Robin Klay Hope College Paul Koch Olivet Nazarene University Meir Kohn Dartmouth College James W. Kolari Texas A&M University Roger Kormendi University of Michigan Business School Melvyn Krauss Hoover Institution, Stanford University Robert C. Krol California State University at Northridge Randall S. Kroszner University of Chicago Michael M. Kurth McNeese State University Richard La Near Missouri Southern State University Arthur B. Laffer Laffer Associates William E. Laird Florida State University Deepak Lal University of California — Los Angeles Russell Lamb Economic Consultant, Washington , D.C. Nicholas A. Lash Loyola University Robert A. Lawson Capital University Ed Lazear Stanford University Don R. Leet California State University at Fresno John Leeth Bentley College Ken Lehn University of Pittsburgh Noreen Lephardt Marquette University Adam Lerrick University of Nebraska — Lincoln Cotton M. Lindsay Clemson University Larry Lindsey American Enterprise Institute Allan E. Lines Ohio State University Luis Locay University of Miami Dennis E. Logue University of Oklahoma James R. Lothian Fordham University John Lott American Enterprise Institute Lawrence W. Lovik Troy State University Harold I. Lunde Bowling Green State University (emeritus) John Lunn Hope College Donald L. Luskin Trend Macrolytics Paul W. MacAvoy Yale University Glenn MacDonald Washington University Doug MacKenzie Ramapo College of New Jersey Joseph P. Magaddino California State University, Long Beach Burton Malkiel Princeton University Yuri N. Maltsev Carthage College Henry G. Manne George Mason University School of Law (emeritus) Richard Manning Pfizer, Inc. Dick Marcus University of Wisconsin — Milwaukee Michael L. Marlow California Polytechnic State University, San Luis Obispo Craig Marxsen University of Nebraska at Kearney Scott Masten University of Michigan John G. Matsusaka University of Southern California Merrill Matthews Institute for Policy Innovation Paul W. McCracken University of Michigan Rachel McCulloch Brandeis University Lawrence J. McQuillan Pacific Research Institute Tom Means San Jose State University David I. Meiselman Virginia Tech (emeritus) Allan Meltzer Carnegie Mellon University Lloyd J. Mercer University of California, Santa Barbara John Merrifield University of Texas at San Antonio Jim Miller Former Reagan Budget Director Tracy Miller Grove City College David E. Mills University of Virginia Mario J. Miranda Ohio State University Ronald L. Moomaw Oklahoma State University Steve Moore Club for Growth John C. Moorhouse Wake Forest University Paul Morgan Westmont College Michael A. Morrisey University of Alabama at Birmingham Andrew P. Morriss Case Western University Robert Mundell Columbia University Michael Munger Duke University John Murray University of Toledo Anthony Negbenebor Gardner-Webb University Jon P. Nelson Penn State University George Neumann University of Iowa Seth Norton Wheaton College William H. Oakland Tulane University Lee E. Ohanian University of California , Los Angeles David J. O'Hara Metropolitan State University June O'Neill Baruch College, City University of New York Lydia Ortega San Jose State University Bill Orzechowski Orzechowski and Walker Karen Palasek John Locke Foundation Randall E. Parker East Carolina University E.C. Pasour, Jr. North Carolina State University Judd W. Patton Bellevue University William Peirce Case Western Reserve University (emeritus) Tim Perri Appalachian State University Mark J. Perry University of Michigan — Flint William H. Peterson Heritage Foundation Christopher Pflaum Spectrum Economics, Inc. Charles R. Plott California Institute of Technology Ivan Pongracic, Jr. Hillsdale College Barry Poulson University of Colorado Edward C. Prescott Arizona State University Jan S. Prybyla Pennsylvania State University Richard Rahn Discovery Institute John Rapp University of Dayton Eric Rasmusen Indiana University Martin A. Regalia United States Chamber of Commerce Spencer S. Reibman Georgia State University Ralph R. Reiland Robert Morris University George Reisman Pepperdine University Christine P. Ries Georgia Institute of Technology Nancy Roberts Arizona State University David C. Rose University of Missouri Robert J. Rossana Wayne State University Timothy Roth University of Texas at El Paso Charles K. Rowley George Mason University Paul H. Rubin Emory University Roy Ruffin University of Houston John Ruggiero University of Dayton Mark Rush University of Florida Gary J. Santoni Ball State University (emeritus) Thomas R. Saving Texas A&M University Mike Schuyler Institute for Research on the Economics of Taxation G. William Schwert University of Rochester Carole E. Scott State University of West Georgia John J. Seater North Carolina State University Carlos Seiglie Rutgers University Richard T. Selden University of Virginia Barry J. Seldon University of Texas at Dallas John Semmens Phoenix College Jacobus T. Severiens John Carroll University Sol S. Shalit University of Wisconsin Alan C. Shapiro University of Southern California Stephen Shmanske California State University, Hayward William F. Shughart II University of Mississippi George P. Shulrz The Hoover Institution, Stanford University John E. Silvia Wachovia Neil T. Skaggs Illinois State University Charles Skipton University of Tampa Mark Skousen Columbia University Amy Smith The Lindsey Group Clifford W. Smith Simon School of Business, University of Rochester James F. Smith University of North Carolina at Chapel Hill Kenneth R. Smith University of Arizona Neil Snyder University of Virginia Russell Sobel West Virginia University David L. Sollars Washburn University John C. Soper John Carroll University Douglas Southgate Ohio State University David E. Spencer Brigham Young University Frank Spreng McKendree College Beryl Sprinkel B.W. Sprinkel Economics Stan Spurlock Mississippi State University Ben Stein Pepperdine University Craig Stephenson Babson College E. Frank Stephenson Berry College Courtenay C. Stone Ball State University Marc Sumerlin The Lindsey Group Daniel A. Sumner University of California, Davis Richard Sweeney Georgetown University Thomas L. Tacker University of Central Florida Robert Tamura Clemson University Lester Telser University of Chicago Rebecca Thacker Ohio University Clifford T. Thies Shenandoah University Henry Thompson Auburn University Robert Tollison Clemson University Leo Troy Rutgers University David G. Tuerck Suffolk University Gordon Tullock George Mason University Charlotte Twight Boise State University Charles Upton Kent State University T. Norman Van Cott Ball State University Richard Vedder Ohio University Robert Vigil Analysis Group, Inc. J. Antonio Villamil Former U.S. Under Secretary of Commerce for Economic Affairs Kip Viscusi Harvard University John Volpe Trinity College Richard E. Wagner George Mason University William B Walstad University of Nebraska — Lincoln. John T. Warner Clemson University Thayer Watkins San Jose State University Andrew Weinbach Armstrong Atlantic State University Michael Welker Franciscan University of Steubenville John T. Wenders University of Idaho Walter J. Wessels North Carolina State University Robert Whaples Wake Forest University Gilbert Whitaker Rice University John Wicks University of Montana Gary W. Williams Texas A&M University Michael Williams University of Denver Walter E. Williams George Mason University Mark Wilson Appalachian State University Gary Wolfram Hillsdale College Gene C. Wunder Washburn University Richard Yamarone Argus Research Group DeVan L. Yoho Ball State University Andrew Yuengert Pepperdine University Paul Zak Claremont Graduate University Mokhlis Zaki Northern Michigan University Arnold Zellner University of Chicago Benjamin Zycher Pacific Research Institute
__________________
The Official KG Twitter Feed |
|
|
| Sponsored Links |
|
10-13-2004, 12:17 PM
|
#2 |
|
Old School Balla
Join Date: Oct 2001
Posts: 13,097
|
RE:368 Economists against Kerrynomics
368 Economists Against Kerrynomics
The challenger’s policies would bring “a lower standard of living for the American people.” By J. Edward Carter & Cesar V. Conda link Leading economists have a message for America: “John Kerry favors economic policies that, if implemented, would lead to bigger and more intrusive government and a lower standard of living for the American people.” That was the conclusion released in a statement (NOTE: this is the statement I posted above) Wednesday by 368 economists, including six Nobel laureates: Gary Becker, James Buchanan, Milton Friedman, Robert Lucas, Robert Mundell, and — the winner of this year’s Nobel Prize in Economics — Edward C. Prescott. The economists warned that Sen. Kerry’s policies “would, over time, inhibit capital formation, depress productivity growth, and make the United States less competitive internationally. The end result would be lower U.S. employment and real wage growth.” Consider Kerry’s spending and tax proposals. Kerry claims he wants to balance the federal budget, but as the Washington Post pointed out last August, “Sen. John F. Kerry’s pledge to reduce record federal budget deficits is colliding with an obstacle that may be growing higher by the week: his own campaign commitments.” In fact, Kerry’s spending proposals would add an estimated $226 billion annually to federal spending. To put this in perspective, $226 billion is roughly equal to the gross domestic products of Greece or Sweden. Kerry’s oft-repeated budget solution is to raise taxes on “families making over $200,000 on income earned above $200,000 to their levels under President Clinton.” This proposal would generate hundreds-of-billions of dollars over the next decade for the Treasury’s coffers. Kerry’s other proposed tax increases would generate billions more. Yet, these tax increases would offset only a fraction of Kerry’s new spending. For instance, Senator Kerry’s government-run health insurance spending plan would by itself require a tax increase of more than $1 trillion. Two independent studies, one by the Lewin Group and another by the American Enterprise Institute, concluded that Kerry’s health insurance proposal would cost more than $1 trillion over the next 10 years. And that’s just one of Kerry’s spending proposals. To close the funding gap between all of his spending and tax promises, Kerry would have to raise taxes by an average of $1,431 for everyone who files an income-tax return. The stark disconnect between Kerry’s spending and tax proposals is what prompted 368 leading economists to conclude, “Kerry’s stated desire to balance the budget and to boost federal spending substantially would almost certainly require far higher and broader tax increases than he has proposed.” And given Kerry’s voting record in the Senate — he has cast 98 votes for tax increases totaling more than $2.3 trillion throughout his legislative career — that is no idle threat. It is no secret that John Kerry wants America’s foreign policy to be more like that of Germany and France. But perhaps even more disturbing, he has demonstrated that he wants to emulate their failed tax-and-spend economic policies, too. Over time, the consequences could be devastating. Consider the impact those policies have had on Europe. Germany and France once enjoyed standards of living comparable to those of the United States. Today, U.S. per capita GDP is 38 percent higher than that of Germany and 43 percent higher than that of France. Indeed, as economist Bruce Bartlett recently pointed out, “On average, Europeans only live about as well as those in the poorest American state, Mississippi.” The 368 economists only briefly touched upon Kerry’s trade policies. As it happens, there is not much upon which to comment. Kerry has expressed a general reluctance to reduce trade barriers, and he has promised, if elected, to “review existing trade agreements.” His applause line is that he vows not to “sign any new trade agreements until the review is complete and its recommendations [are] put in place.” According to the 368 economists, “That's a prescription for political gridlock. Given the widespread benefits of unfettered trade, Kerry’s trade policies would harm U.S. producers and consumers alike.” Finally, we have all heard John Kerry denigrate the present rate of job creation. Yet, according to latest Bureau of Labor Statistics employment report, 1.9 million jobs have been created since August 2003. And at 5.4 percent, the unemployment rate is below the average unemployment rates of the 1970s, 1980s, and 1990s. We have also heard Kerry’s solemn vow to create 10 million new jobs during his first term as president. But you probably have not heard that the U.S. economy is likely to create about that many jobs over the next four years under current policy. During the first nine months of 2004 — while Kerry was criticizing the pace of employment growth — payroll employment grew an average of more than 170,000 jobs a month. At that rate, the next administration would preside over the creation of roughly 8.2 million net new jobs. And yet, as Martin Sullivan pointed out in Tax Notes, Kerry has not presented one objective analysis to support his claim that his policies would create 1 million more jobs, much less 10 million more. John Kerry has adopted the Walter Mondale approach to economics — increase taxes. Even advocates of Keynesian economics would not recommend raising taxes in the early stages of an economic recovery. Unlike Mondale, however, Kerry will wait until after the election to reveal all of the tax increases that will be required to pay for his government spending promises. Three hundred and sixty eight economists hope American voters will heed their warnings before it is too late. — J. Edward Carter is an economist in Washington, D.C. Cesar V. Conda, formerly assistant for domestic policy to Vice President Dick Cheney, is a senior fellow at FreedomWorks in Washington, D.C.
__________________
The Official KG Twitter Feed |
|
|
|
|
10-13-2004, 12:21 PM
|
#3 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
 |
RE: 368 Economists against Kerrynomics
Holy crap! That list is a Who's Who list of economists in the United Sates. I know several of them personally, including Jim Henderson who has one of the sharpest minds that I have ever encountered. I know Dr. Capps at A&M. He came here and did a presentation that blew us all away. There are so many on that list who are heavy hitters it is amazing.
This is awfully damning to Kerry. I hope Bush has this and can assimilate this into tonights debate. ouch. |
|
|
|
|
10-13-2004, 12:23 PM
|
#4 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE:368 Economists against Kerrynomics
To close the funding gap between all of his spending and tax promises, Kerry would have to raise taxes by an average of $1,431 for everyone who files an income-tax return.
nuff said. |
|
|
|
|
10-13-2004, 12:44 PM
|
#5 | |
|
Old School Balla
Join Date: Oct 2001
Posts: 13,097
|
RE:368 Economists against Kerrynomics
Quote:
Comments from folks intending to vote for Kerry are welcome.
__________________
The Official KG Twitter Feed |
|
|
|
|
|
10-13-2004, 01:27 PM
|
#6 |
|
Golden Member
Join Date: Feb 2002
Posts: 1,827
|
RE:368 Economists against Kerrynomics
www.economist.com
The economy and the election The dismal science bites back George Bush comes out worst in our poll of academic economists WOULD John Kerry or George Bush do a better job stewarding America's economy? Judging by the polls, voters are not sure. Within the past couple of months both candidates have had narrow leads on the issue. Ask economics professors, however, and you get a clearer answer. In an informal poll of 100 academics, conducted by The Economist, Mr Bush's policies win low marks. More than 70% of the 56 professors who responded to our survey rate Mr Bush's first-term economic policies as bad or very bad. Fewer than 20% give positive marks to Mr Bush's second-term economic agenda, and almost six out of ten disapproved. Mr Kerry hardly got rave reviews either, but his economic plan still fared better than the president's did. In all, four out of ten professors rated Mr Kerry's economic plan as good or very good, but 27% gave it negative scores. (The complete numbers are available at www.economist.com/economistspoll.) Are our economists partisans? We chose their names, at random, from among the referees of the American Economic Review, one of the profession's more prestigious publications. Conservatives often moan that university professors are all left-wingers. Though most of our professors claim they are not interested in working in Washington, 80% of those who would accept a policy job would prefer to work for Mr Kerry. However, even if you allow for some partisanship, the results are fairly striking. A third of the economists reckon the economy is in good or very good shape; about half give a neutral response, and one in five deems the economy to be weak. They are almost equally split about how much responsibility the Bush administration deserves for the state of today's economy. Just over a third assign some or all credit or blame to the president; another third think he has had little or nothing to do with it. Despite their diverse assessments of today's economy, the professors are overwhelmingly critical of the central plank of Mr Bush's economic policy—tax cuts. More than seven out of ten respondents say the Bush administration's tax cuts were either a bad or a very bad idea, and a similar proportion disapproves of Mr Bush's plans to make his tax cuts permanent. By contrast, Mr Kerry's plan to roll back the tax cuts for people with incomes over $200,000 wins the support of seven in ten of them. (This poll was taken before October 4th, when Mr Bush signed into law his fourth tax cut, which extended several popular components of earlier tax cuts that were due to expire at the end of this year, including the child tax credit.) The broad condemnation of tax cuts seems to be linked to the professors' worries about America's fiscal health and the looming retirement of the baby-boom generation. Although Americans overall seem relatively unconcerned about the budget deficit, a large majority of the economists rate it as a serious problem for the economy, with almost one in five describing it as a crisis. And they back Mr Kerry by a large margin (79% to 18%) to do more to promote fiscal discipline than Mr Bush. In contrast, the boffins seemed much less concerned by the current-account deficit; only one respondent called it a crisis, and close to 20% deemed it either a small problem or no problem at all. Health care also seems to be an issue that pushed our economists towards Mr Kerry. More than 70% of the academics reckoned health-care costs were a serious problem for the economy—and they preferred Mr Kerry's plans to control those costs by a margin of 59% to 25% (with the rest ducking the question). There was some good news for Mr Bush on tax reform. More than 40% of the academics hail his plan to simplify the tax code as a good or very good idea—twice as many as think it bad or very bad. Mr Kerry's main tax-reform proposal—ending the ability of foreign subsidiaries of American firms to defer taxes on their profits—was less well received. Around a third of the professors thought that was a good or very good idea, a third were neutral, and a third thought it was a bad idea. On entitlement reform, the academics' opinions are harder to interpret. They are evenly split on the merits of Mr Bush's proposal to reform Social Security by creating personal retirement accounts: 36% think it is a good or very good idea, 38% a bad or very bad idea. Oddly, most of them think Mr Kerry offers better plans for dealing with the baby-boomers' retirement, even though he has not actually made any concrete proposals for entitlement reform. One area where the economists clearly favour Mr Bush is trade. Mr Kerry's ranting about outsourcing has irritated economists: a huge majority dismiss outsourcing as either a small or non-existent problem, and almost 60% give Mr Kerry's trade policy a bad or very bad rating. Although they are plainly not wild about Mr Bush's record on trade, they back him by a margin of almost two-to-one to do more to help free trade and globalisation than Mr Kerry would. |
|
|
|
|
10-13-2004, 01:30 PM
|
#7 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE: 368 Economists against Kerrynomics
First off....academic professors are almost always liberal. I am not sure why. At least they cite that fact. So...56 liberally baised professors who opted to respond to this informal "poll" that you cite outweigh 386 of the most prominent and respected economists in the United States today? Your 56 aren't even identified. There are Nobel prize winners on kg_vet's list. Several of them. I'll go with the identified masses of uberintellectual economists over some obscure biased 56 who haven't even got the balls to identify themselves.
That list of kg_vets is so incredibly damning. There is no way Kerry can save face as this information leaks out and is absorbed into the fabric of this country. |
|
|
|
|
10-13-2004, 02:28 PM
|
#8 | |
|
Golden Member
Join Date: Feb 2002
Posts: 1,827
|
RE:368 Economists against Kerrynomics
Quote:
Secondly, no 56 'biased' professors don't outweigh 310 other 'biased' professors (whose alleged prestige and noteworthyness you spare no syllable in exaggerating). I was merely pointing out that it's hardly as 'damning' as you make it out to be, and that there a number of economists in universities just like the one's those professors are in (sometimes the same school) and think tanks just like those private economists are in that think John Kerry's economic platform is a good idea and George Bush's is a disaster. Economics, like any other discipline, has it's partisans (not that it interferes with their work) and it goes both ways. From post-keynesians like Paul Krugman or William Nordhaus, to laissez-faire militant Neoliberals like Milton Friedman. Both very respected economists. Both with olitical affiliations they wear on their sleeve, both have been wrong before. |
|
|
|
|
|
10-13-2004, 02:37 PM
|
#9 | |
|
Diamond Member
Join Date: Jan 2002
Posts: 8,195
|
RE:368 Economists against Kerrynomics
Quote:
DrBio, Academics are largely left leaning because so many are publicly funded (as are their customers, the students). Also, intellectual elitism has been confounded with an anti-religious viewpoint for some time now. |
|
|
|
|
|
10-13-2004, 03:07 PM
|
#10 | ||
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE:368 Economists against Kerrynomics
Quote:
Laughable that you would try to make this about animosity towards professors. You did know I am one right? [img]i/expressions/anim_roller.gif[/img] There is no disputing the FACT that a great majority of academic professors are liberal. There is no stab there...just fact. Stop trying to create a diversion from the theme. I'm glad that you agree that 56 volunteer respondents don't outweigh 386 of the most respected economists in the world today. Nice save of face. You cannot also ignore the fact that so many Nobel laureates are reaching the same conclusion about kerrys plan. It will fail. These are the brightest minds in existence today in that field. Period. To a man they agree that kerrys plan is not workable. Obviously economists (like every discipline) will fall along a line of political partisanship, however, you just hit on one where liberals dominate and dominate overwhelmingly. I happen to know a couple of these professors personally and I can assure you that they would not describe themselves as republican. You cannot escape the fact that this is tremendously damning to sKerry. His butt is in full pucker mode right now to be sure. |
||
|
|
|
|
10-13-2004, 03:08 PM
|
#11 | ||
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE:368 Economists against Kerrynomics
Quote:
I knew that, but it just boggles my mind sometimes how such brilliant people can reach such confusing conclusions. That is where I was going with that remark. |
||
|
|
|
|
10-13-2004, 04:05 PM
|
#12 | ||||||
|
Golden Member
Join Date: Feb 2002
Posts: 1,827
|
RE:368 Economists against Kerrynomics
[quote]
Originally posted by: Drbio [quote] [i] Quote:
[quote] Originally posted by: Drbio [quote] [i] Quote:
It wasn't a 'save of face' In fact if anything it pointed out how biased your and potentially their opinion is. And once again you spare no syllable in comically exaggerating the prestiege of some of these guys, many of who'm have done nothing outside the Ivory tower you allegedly deplore so much. [quote] Originally posted by: Drbio [quote] [i] Quote:
http://www.msnbc.msn.com/id/5818277/ 10 Nobel economists endorse Kerry George Akerlof and Daniel McFadden of the University of California at Berkeley, Kenneth Arrow and William Sharpe of Stanford University, Daniel Kahneman of Princeton University, Lawrence Klein of the University of Pennsylvania, Douglass North of Washington University, Paul Samuelson and Robert Solow of MIT and Joseph Stiglitz of Columbia University. "The Democratic presidential nominee released a letter from the economists saying the Bush administration had “embarked on a reckless and extreme course that endangers the long-term economic health of our nation.” They cited “poorly designed” tax cuts that instead of creating jobs have turned budget surpluses into enormous budget deficits, a “fiscal irresponsibility threatens the long-term economic security and prosperity of our nation.” All hacks with no understanding of economics I'm sure. Someone should revoke their Nobel prizes. [quote] Originally posted by: Drbio [quote] [i] Quote:
[quote] Originally posted by: Drbio [quote] [i] Quote:
[quote] Originally posted by: Drbio [quote] [i] Quote:
|
||||||
|
|
|
|
10-13-2004, 04:16 PM
|
#13 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE: 368 Economists against Kerrynomics
Are you really that ignorant or just hard headed? First, there are 386 economists on that list. Not 310. Second, the VAST majority of them are liberal I assure you. I freely accept their informed opinion of the doomed for failure sKerry tax plan. The 56 respondents in your little post there are equally as liberal, but they are ones who chose to respond and that biases the result. Ergo, I am not dismissing them for their liberalism but rather because the polling is not designed to be representative. HUGE error.
Secondly, the 386 economists on that list are very well pedigreed. I see no reason to not applaud them for thier knowledge and ability. Stop trying to spin out of this. I won't let you go off on a tangent. Thirdly, you have performed a kerry worthy spin on your Nobel economists above. They said that the tax cuts were not enough...they did not slam Bush's tax cuts per se. I doubt you are able to comprehend the difference, but please try. Fourthly, I will take the word of 386 world leading economists over your "informed opinion" any day of the week and twice on Sunday. It is an assertion quite easy to make because it is factually solid. Fifthly (seems like another arse whuppin' is in progress...sheesh), obviously a smaller percentage of any party will not agree with everything their party puts on the platform. What's your point? Oh yeah...you have none. Finally.....deny it all you want to. You pointed out nothing but your intellectual failures. Kerry has been brutally beaten and exposed by the assertions fo the economists above. You don't have to agree with this fact, you just need to accept it. It won't change because you whined in this forum. Loosen up the diaper, I know you've been brutaliszed in this forum over the last day or two....you need a rest. |
|
|
|
|
10-13-2004, 04:18 PM
|
#14 |
|
Old School Balla
Join Date: Oct 2001
Posts: 13,097
|
RE:368 Economists against Kerrynomics
I read the letter you're referring to, Epitome. They criticize Bush's plan but say very little about Kerry's plan, and certainly nothing specific in the way of analysis. The bottom line remains the same:
Taxes will go up for ALL Americans, the standard of living will go down, and the economy will stagnate and stop growing. Is that what anybody wants?
__________________
The Official KG Twitter Feed |
|
|
|
|
10-13-2004, 06:08 PM
|
#15 |
|
Troll Hunter
Join Date: Aug 2003
Location: Sports Heaven!
Posts: 9,898
|
RE:368 Economists against Kerrynomics
That's an interesting list of economists - but I think someone should've asked Ben Stein to not participate.
__________________
"I don't know what went wrong," said guard Thabo Sefolosha. "It's hard to talk about it." |
|
|
|
|
10-14-2004, 12:43 AM
|
#16 | ||||||||||
|
Golden Member
Join Date: Feb 2002
Posts: 1,827
|
RE:368 Economists against Kerrynomics
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
Quote:
|
||||||||||
|
|
|
|
10-14-2004, 12:46 AM
|
#17 | |
|
Golden Member
Join Date: Feb 2002
Posts: 1,827
|
RE:368 Economists against Kerrynomics
Quote:
|
|
|
|
|
|
10-14-2004, 12:47 AM
|
#18 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE: 368 Economists against Kerrynomics
It's hopeless trying to hold a conversation with an ignorant fool like you epitome. You consistently ignore the most basic concept. I guess it's all you have left in your bag to live in ignorant bliss after being so thoroughyl deconstructed in this forum over the past several days.
|
|
|
|
|
10-14-2004, 12:52 AM
|
#19 | |
|
Golden Member
Join Date: Feb 2002
Posts: 1,827
|
RE:368 Economists against Kerrynomics
Quote:
Or my request for you to point out where the economists said the tax cuts should have been bigger. Oh well. Always a pleasure. P.S. Careful with that temper. |
|
|
|
|
|
10-14-2004, 09:48 AM
|
#20 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE: 368 Economists against Kerrynomics
*Yawn*
I hope your heiny heals quickly from all your recent deconstructions in this forum. Try Bob's Butt Cream. I hear it does wonders. |
|
|
|
|
10-14-2004, 10:44 AM
|
#21 |
|
Diamond Member
Join Date: Jan 2002
Location: Texas
Posts: 6,014
|
RE:368 Economists against Kerrynomics
What is very ironic is the above letter criticizes the Kerry economic proposals for their projected cost, yet the Bush proposals have just as high a price tag, with some groups saying the Bush proposals actually are a greater price tag than Kerry's.
It's odd that these economists don't mention the proposal by Kerry to reduce corporate tax rates, which would be a sure boost for hiring and investment. I do agree with the assertion that entitlement programs should be reformed, yet to look at one of the largest- social security- the Bush proposal is disaster. As SS is a program where the current workers pay for the retired workers, if anyone can explain how allowing those who should be paying in to put that money into private accounts rather than SS accounts, while still having the money to pay the retirees, I would like to hear it. No President actually creates jobs, they merely allow for business to have a healthy climate to add employees. Can Kerry allow for the positive business climate for his job numbers to happen? Depends...on the price of oil, on the business leaders to have a positive view going forward that has them ramping up production and expansion. So yes it could happen, but it really isn't up to whoever is Pres. The one area that Bush has made proposals on that could be a strong economic boost is reforming the tax code. However, he has not made any concrete statements on how that would be done. |
|
|
|
|
10-14-2004, 11:55 AM
|
#22 |
|
Banned
Join Date: Feb 2002
Location: Nowhere
Posts: 40,924
|
RE: 368 Economists against Kerrynomics
I actually enjoyed reading that doggy. Don't agree with you but it was worth reading anyways.
|
|
|
|
 |
«
Previous Thread
|
Next Thread
»
Linear Mode
|
|
All times are GMT -5. The time now is 03:37 AM.