Keyword: economists

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  • Leading Economists Say Trump First 100 Days Pro-Growth Strategy is Excellent (Larry Kudlow Podcast)

    11/12/2016 3:25:38 PM PST · by fision · 17 replies
    The Larry Kudlow Show Podcast ^ | 11/12/2016 | Larry Kudlow
    Listen at link
  • Economists have a message: Clinton's policies are wrong for America

    10/02/2016 7:10:20 PM PDT · by Olog-hai · 5 replies
    The Hill ^ | September 26, 2016, 08:28 am | James Carter
    On Monday, I joined with 305 economists from universities, think tanks and businesses across the country to convey a message to the American people: “Hillary Clinton’s economic agenda is wrong for America.” Our statement, printed below in its entirety and signed by some of the country’s most prominent economic theorists and practitioners, bemoans how “misguided federal policies have produced one of the slowest recoveries on record.” It warns that Clinton, the Democratic nominee, “promises to repeat almost all of [President] Obama’s policy mistakes” and her “outdated policy prescriptions won’t return our economy to the faster growth rates it once enjoyed.”...
  • Trump Unveils Economic Advisory Team; Carl Icahn Turns Down Invitation

    08/05/2016 12:03:27 PM PDT · by orchestra · 24 replies
    Zero Hedge ^ | 8/5/2016 | Tyler Durden
    Earlier today Donald Trump, who despite lagging Hillary badly in the most recent polls, remains perceived as the presidential candidate who is better equipped to do a "better job on the economy"... ... even though a majority believes that Hillary is "more qualified" to be president (suggesting that to Americans the economy is not really a core part of the presidential mandate) unveiled his all-male economic team which in addition to boasting 6 guys named Steve, also includes billionaire hedge fund manager, John Paulson, to help guide the GOP presidential candidate's economic policy. The 13-member group, whose average member has...
  • Go To Jail, Do Not Pass Go, Do Not Collect $200!

    05/18/2016 6:58:34 AM PDT · by Sean_Anthony · 2 replies
    Canada Free Pressa ^ | 05/18/16 | Bob Christie
    Politicians everywhere promised too much to naive, uninformed electorates and ultimately committed everyone to debtor's prison There is an almost unanimous consensus among economists worldwide that the most worrisome disease infecting somewhat less than healthy and truly sick economies on almost all continents is low, non, or negative growth. How to correct that situation frustrates and consumes the thinking of political leaders and central bankers everywhere, regardless of which economic school provided the latters’ indoctrination. Pushing on strings has failed. Nothing seems to work. Securities markets are described as boring and directionless. It is like being in jail. You may...
  • Economists dump on Donald Trump’s boast to bring jobs back from China

    08/05/2015 6:24:00 PM PDT · by SeekAndFind · 55 replies
    Washington Times ^ | 08/05/2015 | By Paul Wiseman
    <p>Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.</p> <p>Economists say he wouldn’t stand a chance: Trump’s boundless self-confidence is no match for the global economic forces that took those jobs away.</p>
  • Václav Klaus: Our Freedom Is Endangered

    03/12/2015 9:11:17 PM PDT · by Robert DeLong · 7 replies
    Global Wealth ^ | March 12, 2015 | Kelly Diamond
    The best environment for man is the environment of liberty.” – Václav Klaus Liberty is a fundamental human right and the cornerstone of our existence. But in our current world, liberty is being attacked from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. Those that value and actively promote the ideals of freedom and liberty are few in such an enclosing environment. In the following article, Claudio Grass, Managing Director at Global Gold Switzerland, ventures into a discussion with one of the vanguards of liberty, former President of the Czech Republic,...
  • Martin Anderson: A Remembrance

    01/09/2015 4:37:06 AM PST · by Kaslin · 2 replies ^ | January 9, 2015 | Michael Barone
    Lou Cannon has a nice remembrance in RealClearPolitics of Martin Anderson, the economist and adviser to Ronald Reagan who died last week at 78. He touches on all of Anderson's accomplishments, from his successful advocacy in the Nixon White House to abolish the military draft to his unearthing, with his wife Annelise Anderson and Kiron Skinner, the handwritten drafts of Ronald Reagan's radio speeches, which show the impressive breadth of Reagan's reading and depth of his thinking. Let me add one more item to the list: Anderson's 1964 book "The Federal Bulldozer: A Critical Analysis of Urban Renewal 1942-1962." When...
  • Thomas Piketty Wants Income Equality -- And the Hell With Growth

    04/29/2014 4:48:00 AM PDT · by Kaslin · 13 replies ^ | April 29, 2014 | Michael Barone
    French economist Thomas Piketty's book "Capitalism in the Twenty-First Century" has been inspiring a lot of comment and controversy. The English translation published last month zipped to No. 1 on It has given a lift to economists on the Left who have cheered on Barack Obama's flagging attempts to make income inequality a voting issue. They have hailed it as "truly superb" and "extraordinarily important." Others, not all on the Right, have taken a jaundiced view. "All wrong" was the verdict of one. "The main argument is based on two (false) claims," concluded another. Piketty's title echoes Karl Marx's...
  • Meet the 99.999999 Percent: They’re worried about jobs and growth, not inequality.

    02/10/2014 8:46:06 AM PST · by SeekAndFind · 1 replies
    National Review ^ | 02/10/2014 | James Pethokoukis
    Forget about the 1 percent versus the 99 percent. It’s really more like the 0.000001 percent versus everybody else. A tiny group — mostly comprising the Obama White House, a bunch of Washington Democrats, progressive economists, and the media elite — continues to fixate on income inequality as America’s greatest challenge. Most everybody else, the 99.999999 percent, sees things differently. Surveys continue to show Americans most worried about jobs and economic growth, not the income gap between the top and bottom. It’s a rational view given new employment data from the government. The January jobs report showed only 113,000 net...
  • Drilling Below the Surface of Obama's Dreadfully Weak Economic Numbers

    11/13/2013 9:05:23 AM PST · by Kaslin · 13 replies ^ | November 13, 2013 | Donald Lambro
    Barack Obama's presidency is falling apart, as a growing number of Americans now realize his promises of prosperity and jobs were bogus and his health care law a fabric of lies. A president who promised hope and change has given us despair and a failed,1930s agenda, as a once-mighty economy continues to limp toward the end of its fifth year in "recovery" -- yet with no full, lasting recovery in sight. Twelve months ago, a majority of voters handed him a second term. This week, the Gallup Poll reported that a 54 percent majority disapprove of the job he's doing...
  • Roubini Promotes ECB Currency War and Other Silliness

    03/12/2013 12:03:26 PM PDT · by Kaslin · 1 replies ^ | March 12, 2013 | Mike Schedlock
    Economist Nouriel Roubini is now actively proposing the ECB enter the global beggar-thy-neighbor currency wars as a solution to the eurozone crisis. As reported by Yahoo! Fiance ,Roubini stated ECB must cut rates or risk crisis again The bank would act eventually to avoid the recession getting worse, but risked doing "too little, too late," Roubini said in an interview with CNN's Nina dos Santos. "They have to cut the policy rate, they have to stimulate the economy, they have to try to weaken the value of the euro," said Roubini, who was credited with predicting the financial crisis of...
  • The Keynesian Legacy Unravels

    12/28/2012 3:11:26 PM PST · by zantus · 14 replies
    Monty Pelerin's World ^ | 12/28/2012 | Monty Pelerin's World
    Ideology is powerful, capable of masking unpleasant facts. Whether we recognize it or not, we are all slaves to ideology. Economists are no different in that regard than other people. They hold preconceived ideas which affect the interpretation of data and facts. In the extreme, ideology is capable of blocking the recognition of contradictory information, effectively blinding a person to valuable evidence. Keynesian economists believe, regardless of logic and data, that economies can be managed from the top down. In their world, economies are little different than machines. Change some inputs here, speed them up over there, add some lubrication,...
  • GREG MANKIW: Warren Buffett Doesn't Tell You About How He's A Master Of Tax Avoidance

    11/26/2012 11:20:51 AM PST · by SeekAndFind · 24 replies
    Business Insider ^ | 11/26/2012 | Joe Weisenthal
    In a NYT Op-Ed today, Warren Buffett argued that the rich should pay a certain minimum tax, and he explained to activist Grover Norquist that it's preposterous to think that businessmen would forgo profitable deals merely because the rate of tax on the profits would go up. But why do people listen to Buffett on taxes? Basically because he's a rich, successful guy (which is why a lot of people are listened to on a lot of subjects). To that end, economist and former Romney advisor Greg Mankiw has a short post talking about Buffett as a master of "tax...
  • Economists: Deficit reduction requires both spending cuts and more taxes

    09/24/2012 10:31:04 AM PDT · by TurboZamboni · 23 replies
    ap ^ | 9-24-12 | AP
    National Association for Business Economics recently surveyed say the country needs more fiscal stimulus through 2013, but by 2014 it should be time to throttle back. The reason for the delay: the sluggish nature of the country's economic recovery. A majority of the economists favor extending payroll tax cuts, current marginal income tax rates and current tax rates for dividends and capital gains for most or all taxpayers through 2013. Deep tax cuts that were passed under President George W. Bush expire at the end of December unless Congress takes action. At the center of debate: extending the cuts for...
  • 400 Economists Endorse Romney: Group includes 5 Nobel Prize winners

    08/18/2012 2:00:05 AM PDT · by 2ndDivisionVet · 7 replies
    Advisor One ^ | August 15, 2012 | Gil Weinreich
    A former conservative official has rallied 400 economists, including five Nobel Prize winners, to sign a statement supporting Republican presidential hopeful Mitt Romney’s economic policies. Nobel Prize-winning economists Gary Becker, Robert Lucas, Robert Mundell, Edward Prescott and Myron Scholes are among the names listed on the website, Economists for Romney. The site's founder, James Carter, was a deputy assistant Treasury secretary of former President George W. Bush. Economists for Romney describes itself as “an independent, voluntary association of economists” supporting the former Massachusetts governor and says it “is not an official arm of the 2012 Mitt Romney campaign.” AdvisorOne could...
  • Economists Agree: Extending Tax Cuts Aids Economy (Duh)

    08/07/2012 3:47:29 AM PDT · by Kaslin · 6 replies ^ | August 6, 2012 | Kevin Glass
    Speaker of the House John Boehner has recently touted a list of 88 economists who warn against the expiration of tax cuts on high-income earners. These economists came together from some of the country's top universities, think-tanks and business organizations to write that the expiration of the tax cuts pushed by President Obama "will hurt the economy and must be stopped before it goes into effect." Speaker Boehner also touted a study from Ernst and Young conducted for the National Federation of Independent Businesses that found that allowing tax rates to go up on high-income Americans could destroy up to...
  • Economists: Extend Bush Tax Cuts For Everyone(Flashback)

    05/06/2012 6:55:25 AM PDT · by Son House · 2 replies
    CNN Money ^ | September 20, 2010 | Chris Isidore
    "Extend tax cuts for all income levels and do nothing else," said Sean Snaith, economics professor at the University of Central Florida. "More of the same piecemeal, patchwork policies put forth by this administration will undermine confidence and do little to change the path the economy is on." But economists surveyed were in broad agreement that the recovery is still too fragile to allow taxes to go up for the 97% of taxpayers not in the top brackets. "If those tax cuts expire for everybody, we go into a double-dip recession," said Mark Zandi, chief economist of Moody's Analytics. Zandi...
  • Economist Who Helped Cain Craft 9-9-9 Plan Backs Away From Sales Tax (Ruh Ro)

    10/19/2011 11:19:06 AM PDT · by teddyballgame1 · 68 replies
    FoxNews ^ | 10/19/11 | Judson Berger
    One of the key economists who helped presidential candidate Herman Cain draft his 9-9-9 tax plan is backing away from the most controversial component of it, warning that the criticism Cain endured at Tuesday night's Republican presidential debate shows his proposed 9 percent national sales tax might have to go. "It was such a dart board," economist Stephen Moore said Wednesday of the proposal. Cain weathered a storm of complaints over his tax plan at the Republican debate in Las Vegas. Virtually every candidate took turns accusing the businessman of pushing a scheme that would introduce new streams of revenue...
  • Art Laffer endorses Herman Cain’s 999 plan

    10/13/2011 11:02:38 AM PDT · by justsaynomore · 83 replies · 1+ views
    The RIght Scoop ^ | 10/13/11 | The Right Scoop
    Art Laffer, a former member of Reagan’s Economic Policy Advisory Board and the man who created the Laffer Curve, has now come out and endorsed Herman Cain’s 999 plan, saying that it will undoubtedly be a huge boon to economic growth. This is very good news for Herman Cain: HUMAN EVENTS – Famed supply-side economist Art Laffer​ told HUMAN EVENTS that Cain’s “9-9-9″ plan was a pro-growth plan that would create the proper conditions for America’s economy to grow and thrive again. “Herman Cain’s 9-9-9 plan would be a vast improvement over the current tax system and a boon to...
  • Godfather of Supply-Side Economics Supports Cain's '9-9-9' Plan

    10/12/2011 6:50:02 PM PDT · by justsaynomore · 168 replies · 1+ views
    Human Events ^ | 10/12/11 | Tony Lee
    As businessman Herman Cain surges atop state and national polls and becomes a top-tier presidential contender, his signature "9-9-9" plan, which calls for a nine percent tax on income, a nine percent national sales tax, and a nine percent corporate income tax, has come under scrutiny from the right and the left. Famed supply-side economist Art Laffer told HUMAN EVENTS that Cain's "9-9-9" plan was a pro-growth plan that would create the proper conditions for America's economy to grow and thrive again. "Herman Cain’s 9-9-9 plan would be a vast improvement over the current tax system and a boon to...
  • Obama's Jobs Plan Wouldn't Make Huge Dent in Jobless Rate, Economists Say

    09/24/2011 9:07:07 AM PDT · by Son House · 19 replies
    FOXNEWS ^ | September 24, 2011 | Associated Press
    The projection of 1.9 million new jobs, a 1 percentage point drop in the unemployment rate and a 2 percentage point increase in the gross domestic product under Obama's plan came from Mark Zandi, chief economist of Moody's Analytics. "I assumed that it would be paid for," Zandi said. "I didn't know when I did that simulation how the president proposed to pay for it." Zandi said his job-creation figure only applies to 2012. "Beginning in 2013, and certainly into 2014, the plan is a drag on the economy because the stimulus starts fading away," he said. "So by 2015,...
  • Follow the Money - ... do they really know what they are talking about?

    09/12/2011 4:47:08 AM PDT · by MontaniSemperLiberi · 7 replies
    WSJ ^ | SEPTEMBER 10, 2011 | JAMES GRANT
    Mankind missed a bet 2,000 years ago when no one thought to invest $100 or its equivalent in Roman coin in a certificate of deposit compounding at 2% a year forever. The principal balance today of this ungifted benefaction would come to the astounding sum of $15,861,473,276,036,900,000. That would be $2.3 billion, before tax, for every man, woman and child on earth. But the ancients bungled, perpetuating the problem of scarcity and leaving the way open for Sylvia Nasar to write her "Grand Pursuit: The Story of Economic Genius," a survey of economic thought from Charles Dickens to Paul Samuelson...
  • Black Unemployment: Highest In 27 Years ["Hope and Change" Was Slogan For Idiots!]

    09/02/2011 8:56:07 PM PDT · by Steelfish · 46 replies
    CNN ^ | September 02, 2011 | Annalyn Censky
    Black Unemployment: Highest In 27 Years By Annalyn Censky September 2, 2011 The unemployment rate for blacks surged to 16.7% in August, its highest rate since 1984, the Labor Department reported Friday. NEW YORK (CNNMoney) -- The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market. Black unemployment surged to 16.7% in August, its highest level since 1984, while the unemployment rate for whites fell slightly to 8%, the Labor Department reported. "This month's numbers continue to bear out that longstanding pattern that minorities...
  • Economists see softer growth, slow jobs rebound (HoPeY ChanGeY Alert!!!)

    05/13/2011 9:05:01 AM PDT · by NormsRevenge · 16 replies
    Yahoo ^ | 5/13/11 | Chizu Nomiyama and Pedro da Costa - Reuters
    WASHINGTON (Reuters) - Economists have become less optimistic about the U.S. growth outlook but slightly more upbeat about the job market, though employment is still seen recovering only slowly from a deep slump. The Philadelphia Federal Reserve's second-quarter survey of forecasters showed a median growth forecast of 3.2 percent for the current quarter, down from estimates for a 3.5 percent increase in the poll taken in the first quarter. The U.S. unemployment rate is now forecast at 8.9 percent for the second quarter, down from the previous forecast of 9.2 percent, according to the survey. The jobless rate was still...
  • Members of Congress and economists to submit arguments in states' suit against health law

    11/15/2010 6:29:28 PM PST · by Libloather
    Members of Congress and economists to submit arguments in states' suit against health law15. November 2010 04:23 Bloomberg: "Eight U.S. senators, along with Representative John Boehner and 35 economists, won the right to submit their arguments in a lawsuit by 20 states seeking to undo the Obama administration's health-care overhaul. U.S. District Judge Roger Vinson in Pensacola yesterday granted requests by the eight Republican members of Congress and the economists to offer their views on the administration's bid to have the suit thrown out. Nineteen states have joined lawsuit brought by Florida Attorney General Bill McCollum, who claims the health-care...
  • Double-dip recession talk will be heating up

    08/20/2010 3:02:59 AM PDT · by Scanian · 23 replies
    NY Post ^ | August 18, 2010 | John Crudele
    Double-dips are good for ballroom dancers and useful to economists. The first is obvious. If you can execute an elegant dip or two during a tango it goes a long way toward obscuring flaws in the rest of your routine. The same is true for double-dip recessions, which you will be hearing a lot more about over the next week. It's hard to find an expert who correctly predicted the economy would be sinking again this summer. OK, this column did. But my sources and I understood that much of the economic gains this past spring were an illusion caused...
  • Economists agree: Tax cuts don't create revenue

    03/14/2010 9:06:14 AM PDT · by WOBBLY BOB · 84 replies · 1,813+ views
    Pioneer Press ^ | 3-14-10 | Ed Lotterman
    Self-paying tax cuts are a popular delusion, except among economists. University of Michigan economist Joel Slemrod is adamant on one of the key economic issues of our day: 'Tax cuts don't pay for themselves! Period!' Hardly any economist would disagree. This is true for Republicans as well as Democrats. It is also true regardless of whether they describe themselves as NeoClassical, New Classical, Rational Expectations, Monetarist, Keynesian, Austrian or New Institutional economists. Yet, for a substantial portion of the general public, the idea that cutting tax rates will increase tax revenues has become an article of faith. The following anonymous...
  • All the president's economists (What happened to the Intellectual brainpower in the Obama team)

    03/13/2010 9:13:02 AM PST · by SeekAndFind · 26 replies · 536+ views
    Washington Times ^ | 03/11/2010 | Richard Rahn
    The Congressional Budget Office, in last week's update of President Obama's budget forecasts, estimated that budget deficits will average nearly $1 trillion per year for the next decade. There is no school of economics (classical, Austrian, Keynesian, etc.) that says deficits of this magnitude for a decade or longer will not result in great economic hardship or worse. Greece, here we come. The operative question is, why would the president sign off on such a budget without presenting some plan to get the United States out of the mess - and where are his economists? Mr. Obama assembled a team...
  • Mankiw's Baseless Arguments (on The Exploding Monetary Base)

    01/04/2010 6:29:22 PM PST · by sickoflibs · 8 replies · 603+ views
    Mises Institute ^ | January 04, 2010 | Robert P. Murphy
    Greg Mankiw's recent blog post carries a rather risky title: "The Monetary Base Is Exploding. So What?" I really am trying to understand the viewpoint of the wide range of economists (including Mankiw, Paul Krugman, Scott Sumner, Mike "Mish" Shedlock, Bryan Caplan, and David R. Henderson) who think the dollar is not going to fall sharply in the foreseeable future. But I've yet to see a convincing explanation as to how Bernanke (or his successor) is going to avoid large price inflation, given the corner the Fed and the feds have painted us into. Mankiw's latest post recapitulates many of...
  • The economic 'experts' who stopped making sense (Why do we still put faith in economists?)

    01/03/2010 2:37:32 PM PST · by SeekAndFind · 5 replies · 550+ views
    Daily Telegraph ^ | 01/03/2009 | Edmund Conway
    We still pay attention to the economists who failed to predict the financial crisis. After a night at the orgy, the ancient Romans would cure their hangovers by stuffing themselves with deep-fried canaries. The Greeks favoured frying up sheep's lungs. For decades, we Britons have relied on bacon sandwiches to soak away the headache and nausea after a night out. But it was not until earlier this year that scientists at Newcastle University claimed to have pinpointed how fried meats cure hangovers by boosting the metabolism and creating amines which clear the head. In much the same way, economics is...
  • JFK Defied Samuelson, Setting Off Boom

    12/16/2009 5:37:53 PM PST · by Kaslin · 7 replies · 767+ views ^ | December 16, 2009 | BRIAN DOMITROVIC
    Paul Samuelson, the dean of American economists, died last Sunday at 94. An MIT professor and Nobel Prize winner, Samuelson made one major venture into public policy. This was when he advised the John F. Kennedy campaign and economic transition team in 1960 and 1961 and thereafter consulted with the new president's Council of Economic Advisers. Obituaries have been quick to credit Samuelson's advice to JFK for launching the great 1960s expansion. The Boston Globe quoted Samuelson's recommendation to JFK in 1961 — "a temporary reduction in tax rates on individual incomes can be a powerful weapon against recession" —...
  • Transcript House Democrat Leaders and Economist Press Conference ["Horrendous" Long-term Outlook]

    10/23/2009 3:08:14 AM PDT · by Son House · 21 replies · 1,518+ views ^ | October 21, 2009 | Transcript
    Speaker Pelosi. Good afternoon. We just had a very instructive meeting with some leading economists about the number one subject on the minds of the American people: jobs. Jobs, jobs, jobs, and jobs. It comes at a time when, as you know, job creation is centered at addressing at underlying concerns that people have in their own homes. These are kitchen table issues that we discussed over the Speaker’s table in the conference room. I am going to introduce our experts that were here. You have their backgrounds. They are going to tell you some of their forecasts that they...

    10/04/2009 12:22:59 PM PDT · by TheFreedomPoster · 11 replies · 603+ views
    THE FREEDOM POST ^ | October 4, 2009 | TheCapitalist
    After another month of job losses and the unemployment rate approaching double-digits, Americans can’t be blamed for asking, “Where are the jobs?” After all, Democrats promised the American people the trillion-dollar ‘stimulus’ would create jobs immediately and keep the unemployment rate from rising above eight percent. Economists are now weighing in, pointing to the September jobs report as further evidence that the ‘stimulus’ isn’t working and that Washington should be focused on implementing policies that help small businesses weather this storm and get back to creating jobs.
  • Economists Call for Bernanke to Stay, Say Recession Is Over

    08/12/2009 11:27:16 AM PDT · by DoorGunner · 2 replies · 349+ views
    Wall Street Journal | AUGUST 11, 2009 | PHIL IZZO
    Meanwhile, the majority of the economists The Wall Street Journal surveyed during the past few days said the recession that began in December 2007 is now over.
  • Economists’ Pro-Fed Petition Discredits Its Signers

    07/18/2009 4:35:29 PM PDT · by Captain Kirk · 89 replies · 1,227+ views
    A passel of bigwig economists has signed a petition urging Congress and the executive branch “to reaffirm their support for and defend the independence of the Federal Reserve System as a foundation of U.S. economic stability.” In support of this defense of the Fed against those now challenging the secrecy of its undertakings and, in some cases, its very existence, these economists offer three arguments. First, “central bank independence has been shown to be essential for controlling inflation.” A little difficulty for this claim, however, resides in the undeniable fact that for more than a century before the Fed’s establishment,...
  • US recession to end in second half: NABE survey (pointy heads become media whores)

    05/27/2009 5:34:37 AM PDT · by TigerLikesRooster · 29 replies · 988+ views
    AFP ^ | 05/27/09
    US recession to end in second half: NABE survey Wed May 27, 3:27 am ET WASHINGTON (AFP) – The reeling US economy is poised to emerge from recession in the second half of the year, but recovery will be lackluster, a survey of economic forecasters showed Wednesday. The National Association for Business Economics said a survey of 45 professional forecasters found that the consensus believed the end of the prolonged recession that began in December 2007 was finally was in sight. "While the overall tone remains soft, there are emerging signs that the economy is stabilizing," according to NABE's latest...
  • Why Economists Failed to Predict the Financial Crisis

    05/14/2009 7:21:52 PM PDT · by bigbob · 17 replies · 927+ views
    Knowledge@Wharton ^ | 5/13/09 | Not Specified
    There is a long list of professions that failed to see the financial crisis brewing. Wall Street bankers and deal-makers top it, but banking regulators are on it as well, along with the Federal Reserve. Politicians and journalists have shared the blame, as have mortgage lenders and even real estate agents. But what about economists? Of all the experts, weren't they the best equipped to see around the corners and warn of impending disaster?
  • Obama Receives a Failing Grade from Economists - Surprise

    03/16/2009 2:24:28 PM PDT · by Notoriously Conservative · 2 replies · 288+ views ^ | 03 16 09 | notoriously conservative
    From the WSJ: By PHIL IZZOOn average, they gave the president a grade of 59 out of 100, and although there was a broad range of marks, 42% of respondents rated Mr. Obama below 60. Mr. Geithner received an average grade of 51. Federal Reserve Chairman Ben Bernanke scored better, with an average 71...The economists' negative ratings mark a turnaround in opinion. In December, before Mr. Obama took office, three-quarters of respondents said the incoming administration's economic team was better than the departing Bush team. However, Mr. Geithner's latest marks are lower than the average grade of 57 that...
  • Economists Give Obama Low Marks (freep the poll..)

    03/12/2009 4:44:01 PM PDT · by xtinct · 24 replies · 1,810+ views
    AOL ^ | 3/12/09 | staff
    President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the world's largest economy, according to participants in the latest Wall Street Journal forecasting survey. A majority of the 49 economists polled said they were dissatisfied with the administration's economic policies, according to the paper, a stark contrast to Obama's popularity ratings with the general public. On average, the economists gave the president a grade of 59 out of 100, and although there was a broad range of marks, 42 percent of respondents rated Obama below 60, the paper said.
  • Economists give the "Cabinet of Geniuses" an "F" on Handling the Economy

    03/12/2009 6:29:13 AM PDT · by Bill Dupray · 10 replies · 508+ views
    The Examiner ^ | March 11, 2009 | Bill Dupray
    The report card is in for the Obama Adminstration. The grades are bad, but the troubling thing is that these economists were very confident just a couple of months ago that the President and his team were completely capable of handling the problem. Remember the nauseating David Brooks telling us how brilliant Obama's cabinet was. How's that working out for you now David?
  • Renowned Carter-era Economist Sees Deja Vu In Barack Obama

    02/25/2009 1:54:40 PM PST · by Michael Eden · 14 replies · 1,076+ views
    Start Thinking Right ^ | February 25, 2009 | Michael Eden
    Doug Casey's 1979 book Crisis Investing became the largest selling financial book in history as Americans desperately sought to survive in the disastrous economy created by President Jimmy Carter. He is clearly one of the best men you could turn to in finding out how to survive the economic mess created by an incompetent Democrat in the White House. So, with that in mind, it would be interesting to ask the guy who wrote the book on the disastrous Carter economy what he thinks about the mother-of-all-disastrous economies that is about to be hatched while Barack Obama sits on the...
  • Obama Lied, The Economy Died

    02/16/2009 12:00:54 PM PST · by Michael Eden · 10 replies · 673+ views
    Start Thinking Right ^ | February 16, 2009 | Michael Eden
    Most economists almost unanimously recognize that, even if philosophically you're -- you're wary of government intervening in the economy, when you have the kind of problem we have right now -- what started on Wall Street, goes to Main Street, suddenly businesses can't get credit, they start paring back their investment, they start laying off workers, workers start pulling back in terms of spending -- that, when you have that situation, that government is an important element of introducing some additional demand into the economy. We stand to lose about $1 trillion worth of demand this year and another trillion...
  • Economists Reject Obama's Economic Plans

    01/29/2009 7:02:48 PM PST · by Crimson Politics · 3 replies · 491+ views
    Crimson Politics ^ | 1/29/09 | Brian Kane
    The non-partisan scholar group Cato Institute has criticized Obama's latest 2009 stimulus plan. The group has been known to criticize President Bush's policies, President Obama's policies, and John McCain's policies. The following document published by the Cato Institute expresses deep disagreement of Obama's declaration that more government is needed to solve today's problems. "In fact, many economists disagree," says the Cato Institute. The document is signed by hundreds of economists and even Nobel laureates.
  • Academic "Consensus" on Bailout

    10/21/2008 10:48:47 AM PDT · by bs9021 · 164+ views
    Campus Report ^ | October 21, 2008 | Malcolm A. Kline
    Academic “Consensusť” On Bailout by: Malcolm A. Kline, October 21, 2008 Beware of people who tell you what “everybody knows,” particularly if they are academics. “Virtually every economist who looked at the original plan said it was the wrong way to go,” Loyola finance professor George G. Kaufman said, as quoted by the Washington Times. “All of us were disappointed that it took [U. S. Treasury Secretary Henry M.] Paulson and the Administration so long to recognize the obvious.” Actually, what was obvious to Kaufman and his ilk was that, in their view, the plan did not go far enough...
  • Famous Economist Nouriel Roubini says not one economist input sought on bailout bill

    09/27/2008 11:41:58 PM PDT · by TDT · 36 replies · 862+ views
    RGE ^ | Sep 26, 2008 | Nouriel Roubini
    ..... It is a disgrace that no professional economist was consulted by Congress or invited to present his/her views at the Congressional hearings on the Treasury rescue plan. Specifically, the Treasury plan does not formally provide senior preferred shares for the government in exchange for the government purchase of the toxic/illiquid assets of the financial institutions; so this rescue plan is a huge and massive bailout of the shareholders and the unsecured creditors of the firms; with $700 billion of taxpayer money the pockets of reckless bankers and investors have been made fatter under the fake argument that bailing out...
  • 'Free enterprise for the poor, socialism for the rich': Vidal's claim gains leverage

    09/20/2008 2:56:30 PM PDT · by Lorianne · 5 replies · 155+ views
    Irish Times ^ | September 20, 2008 | PAUL GILLESPIE
    "Gains privatised and losses socialised" was the more pointed comment by Nouriel Roubini, professor of economics at the Stern School in New York University. He is known in the economics trade as a "permabear" because of his repeated claims over the last six years that a financial system based on self-regulation, non-deposits, highly leveraged subprime housing debts and globalised derivatives trading was unsustainable and would collapse. Now that he has been proved correct he has suddenly become known to wider circles of people desperate to get some expert perspective on these events. How does this crisis compare to previous ones?...
  • Obama's health care pledges come under scrutiny

    07/23/2008 11:31:13 PM PDT · by JavaJumpy · 7 replies · 111+ views
    International Herald Tribune ^ | July 23, 2008 | Kevin Sack
    It is one of the most audacious promises in a campaign that has been thick with them. In speech after speech, Senator Barack Obama has pledged that he will lower the country's health care costs enough to "bring down premiums by $2,500 for the typical family." Moreover, Obama, the presumptive Democratic nominee, has promised that his health plan will be in place "by the end of my first term as president of the United States." Whether Obama can deliver is a matter of considerable dispute among health analysts and economists. While there is consensus that the U.S. health care system...
  • Majority of economists see McCain better for stocks: poll

    07/23/2008 1:49:05 PM PDT · by NormsRevenge · 8 replies · 158+ views
    Reuters on Yahoo ^ | 7/23/08 | Emily Kaiser
    WASHINGTON (Reuters) - The U.S. stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at U.S. banks and research groups polled by Reuters. But the survey of 29 firms taken alongside a regular Reuters economic poll also found that economists had mixed views on the two candidates' economic plans. On a scale of 1 to 5, with 1 being "very good," 12 economists gave McCain's proposals higher marks, while nine rated the two candidates equally and eight preferred...
  • The Top Ten Solutions to the World's Biggest Problems

    05/31/2008 12:37:45 PM PDT · by Dawnsblood · 15 replies · 159+ views
    Reason ^ | 5/30/08 | Ronald Bailey
    Where in the world can we do the most good? Supplying the micronutrients vitamin A and zinc to 80 percent of the 140 million children who lack them in developing countries is ranked as the highest priority by the expert panel at the Copenhagen Consensus 2008 Conference. The cost is $60 million per year, yielding benefits in health and cognitive development of over $1 billion. Eight leading economists, including five Nobelists, were asked to prioritize 30 different proposed solutions to ten of the world's biggest problems. The proposed solutions were developed by more than 50 specialist scholars over the past...
  • Odds of Recession Seen Rising

    01/18/2008 2:49:37 AM PST · by a77 · 42 replies · 136+ views
    Economists surveyed by The Wall Street Journal see increasing odds of a recession this year along with mounting inflationary pressures, an uncomfortable mix that could play a role in shaping the 2008 presidential campaign and complicate life for the Federal Reserve. In the latest monthly survey, economists put the chance of recession at 42%, up from 38% in December and 23% just six months ago. On average, the 54 forecasters who participated see the economy expanding at less than a 2% annual rate in the first and second quarters. Last month's survey estimated 2007 growth at 2.5%. "The U.S. economy...