Posted on 02/10/2009 11:05:20 AM PST by Notoriously Conservative
"There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy." — PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009
With all due respect Mr. President, that is not trueNotwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
Signed: Burton Abrams, Univ. of Delaware Douglas Adie, Ohio University Ryan Amacher, Univ. of Texas at Arlington J.J. Arias, Georgia College & State University Howard Baetjer, Jr., Towson University Stacie Beck, Univ. of Delaware Don Bellante, Univ. of South Florida James Bennett, George Mason University Bruce Benson, Florida State University Sanjai Bhagat, Univ. of Colorado at Boulder Mark Bils, Univ. of Rochester Alberto Bisin, New York University Walter Block, Loyola University New Orleans Cecil Bohanon, Ball State University Michele Boldrin, Washington University in St. Louis Donald Booth, Chapman University Michael Bordo, Rutgers University Samuel Bostaph, Univ. of Dallas Scott Bradford, Brigham Young University Genevieve Briand, Eastern Washington University George Brower, Moravian College James Buchanan, Nobel laureate Richard Burdekin, Claremont McKenna College
(list continued on site)
(Excerpt) Read more at notoriouslyconservative.com ...
It does not take a professional economist to know what the “stimulus” bill is -— it only take someone who can read and comprehend.
Read it and weep for our American Republic.....
Endless pages of regulations may be even worse than the high taxes.Complying with complex,often contradictory rules leads to wasted time and money.
Yes, there are TONS of economists that DO NOT agree with the unholy 0.
Liberals lie, economies die.
Hypocrites.
It doesn’t matter.
The so-called stimulus bill doesn’t have anything to do with economics. The crafters, for the most part, know full well it doesn’t have anything to do with economics. Obama certainly knows it won’t, and cannot stimulate the economy.
Just like Al Gore and the debate with Global Warming; “The debate is over,”
Whenever a politician says this, be suspicious.
Shoot, by late in his career, not even John Maynard Keynes was a "Keynesian!"
He acknowledged that government spending per se does NOT stimulate an economy, and that his policies as implemented by FDR were failures.
So where do these economists stand on the Bank Bailout? I dont recall seeing these “economists” come out for the Bank Bailout (TARP)
Both Bush and Obama Bailout Socialism bad....real bad
Someone in Obama’s war room is busy faxing this list to the IRS at this very moment.
BMP
Careful. You just handed him a blacklist.
I think that is such a cultured and refined way of saying
"Fvck you!"
There were four from the University of Chicago.
But, but...O said last night that ALL economists agree with the stimulus.....that was right after he said all pork had been removed.
Knock off posting this crap!
The science is settled, and the Consensus...
Oh, sorry; that’s the Globull Warming Religion.
Never mind.
As to this, the mantra boils down to, “Just shut up, listen to us, your betters; and give us your last dollar. The fix is in, and boy are we going to fix you!”
Yup. That’s why they need the Pubbies to sign on. For the “bipartisan” cover when the whole thing collapses.
17 out 18 Democrat computer models show that if we don’t fork over 110% of our assets to them by next week, the tipping point will be passed, and it will be too late to save the economy, without suspending the Constitution, rounding up Dissenters, total nationalization, and granting Obama Imperial Powers For Life.
Surprised to see someone from my very liberal alma mater on there.
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