More than 400 US economists sign statement in support of Romney/Ryan

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    Aug 14, 2012 6:40 PM GMT
    "including Nobelists Gary Becker, Robert Lucas, Robert Mundell, Edward Prescott, and Myron Scholes."

    http://www.freakonomics.com/2012/08/14/economists-in-a-coal-mine/

    http://economistsforromney.com/
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    Aug 14, 2012 7:36 PM GMT
    Well, as is said, the biggest fears of the Obama campaign have been realized with the choice of Ryan: Math.

    "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."
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    Aug 14, 2012 7:54 PM GMT
    Remind me. How many people have endorsed the Romney/Ryan plan on equality goals?

    As for the Romney/Ryan austerity plan. Good luck to the US with that one. We in the UK have been slashing public spending for two years now and we have just gone back into recession.
  • CuriousJockAZ

    Posts: 19138

    Aug 14, 2012 7:57 PM GMT
    Ex__Mil...Please choke (Uhhh, I mean chew) on this reality...

    http://economistsforromney.com/2012/08/14/press-release-400-economists-back-romney-economic-plan/

    http://www.nationalreview.com/campaign-spot/313852/ryan-favorability-number-jumps-15-percentage-points-overnight

    http://wwwwakeupamericans-spree.blogspot.com/2012/08/paul-ryan-favorability-hits-50-36-more.html#.UCqsKETNeyE

    http://www.washingtonpost.com/blogs/the-fix/post/positive-views-of-ryan-jump-higher-after-pick/2012/08/13/32251614-e55b-11e1-9739-eef99c5fb285_blog.html

    http://townhall.com/tipsheet/guybenson/2012/08/13/oh_my_new_poll_shows_huge_paul_ryan_bounce_with_independents_and_seniors
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    Aug 14, 2012 8:06 PM GMT
    To borrow from your well worn phrase, CJAZ, it's not all about the money.

    Secondly, as I pointed out above, we in the UK are two years into a similar austerity plan to that proposed by Romney/Ryan. Lots of economists and bigwigs endorsed that too, but it ain't working.
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    Aug 14, 2012 8:53 PM GMT
    Lets do some background checks on these 400 and watch the fact will soon become obvious, they are bought and paid for through the corps they work for and the moneyed interests they serve. these same choir singers have been singing the praises of Trickle down tricks since Reagan, but now we have the best of all examples of what such policies bring about. That is

    THE LAST TEN YEARS OF BUSH TAX CUTS FOR THE RICH.

    WHERE THE HELL ARE ALL THOS JOBS YOU REPUBS KEEP PROMISING ?

    TEN YEARS IS ENOUGH TIME TO WAIT, IT DOESN"T WORK THE WAY REPUBS SOLD IT AND ARE NOW TRYING TO RESELL IT.


    We're still waiting for replies to the fact that both the Ryan Plan and the Romney plan only shifts more toward the wealthy and does little to mitigate deficits and the debt crisis the repubs spent us into. Republicans are good at using wedge issues to get a following who are ignorant enough to just ignore the details.
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    Aug 14, 2012 8:56 PM GMT
    Over 400 out of how many US economists are there?


    Are there 400 others who do not?






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    Aug 14, 2012 8:56 PM GMT
    Yes, trickle down economics will save us.
  • Webster666

    Posts: 9217

    Aug 14, 2012 9:05 PM GMT
    Trickle down, supply side economics didn't work for Reagan, it didn't work for Jack Kemp, and it won't work for Romney and Ryan.

    Tax cuts for the wealthiest Americans didn't work for Bush, and it won't work for Romney and Ryan.
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    Aug 14, 2012 9:09 PM GMT
    These people are very similar to what you find when doing research on those backing more war, its always the same people popping up like gas bubbles in a pool of water, they're going to show up somewhere again because they have let off their BS. When they fail its no big deal to them, they just come up again under some other name or group and restart telling the same old lies untill they are believed.
  • DalTX

    Posts: 612

    Aug 14, 2012 9:12 PM GMT
    Well, that just goes to show you - there are 400 people who believe
    in voodoo economics.
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    Aug 14, 2012 9:23 PM GMT
    Ex_Mil8 saidTo borrow from your well worn phrase, CJAZ, it's not all about the money.

    Secondly, as I pointed out above, we in the UK are two years into a similar austerity plan to that proposed by Romney/Ryan. Lots of economists and bigwigs endorsed that too, but it ain't working.


    Except that it is about the money if you're complaining that austerity isn't working. You assume that there was such a great choice there or that the alternative wouldn't have been worse as Obama supporters have been claiming all this time.

    It's ironic though that for those like you it's more about making the rich poor than raising up the condition of the poor. Well, both ironic and telling.
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    Aug 14, 2012 9:23 PM GMT
    DalTX saidWell, that just goes to show you - there are 400 people who believe
    in voodoo economics.


    Ah so you're part of the crew who believe in magic pixie dust and that the Obama Administration has made things better?
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    Aug 14, 2012 9:46 PM GMT
    riddler78 said

    Except that it is about the money if you're complaining that austerity isn't working. You assume that there was such a great choice there or that the alternative wouldn't have been worse as Obama supporters have been claiming all this time.

    It's ironic though that for those like you it's more about making the rich poor than raising up the condition of the poor. Well, both ironic and telling.


    No, I was pointing out the election is not all about the money. Social equality is a pivotal issue and Romney/Ryan do not give a shit about that.

    Perhaps you could point out where I have detailed my views on economic policy? I was merely pointing out that an austerity plan, similar to that being touted by Romney/Ryan, has already been tried in the UK. It is not working. In fact, it is hitting the poorest hardest and squeezing everyone. We are in recession, again.
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    Aug 14, 2012 9:50 PM GMT
    Ex_Mil8 said
    riddler78 said

    Except that it is about the money if you're complaining that austerity isn't working. You assume that there was such a great choice there or that the alternative wouldn't have been worse as Obama supporters have been claiming all this time.

    It's ironic though that for those like you it's more about making the rich poor than raising up the condition of the poor. Well, both ironic and telling.


    No, I was pointing out the election is not all about the money. Social equality is a pivotal issue and Romney/Ryan do not give a shit about that.

    Perhaps you could point out where I have detailed my views on economic policy? I was merely pointing out that an austerity plan, similar to that being touted by Romney/Ryan has already been tried in the UK. It is not working. In fact, it is hitting the poorest hardest and squeezing everyone. We are in recession, again.


    Equality of outcomes versus equality of opportunity. The former doesn't work as a goal - which is basic economics - and why surprise surprise considerably fewer economists support Obama.

    What are you going to use to pay for social equality or programs when the state is bankrupt because it spent on precisely the things that those like you advocated for that created neither a return nor lasting benefit.

    And again - with respect to the austerity plan you assume that for the UK the alternative would be better as if waiting until there really are no options left is better as in the case of Greece. Or, have you kind of overlooked the level of debt you have as a nation - private and public?
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    Aug 14, 2012 10:09 PM GMT
    riddler78 said
    Ex_Mil8 said
    riddler78 said

    Except that it is about the money if you're complaining that austerity isn't working. You assume that there was such a great choice there or that the alternative wouldn't have been worse as Obama supporters have been claiming all this time.

    It's ironic though that for those like you it's more about making the rich poor than raising up the condition of the poor. Well, both ironic and telling.


    No, I was pointing out the election is not all about the money. Social equality is a pivotal issue and Romney/Ryan do not give a shit about that.

    Perhaps you could point out where I have detailed my views on economic policy? I was merely pointing out that an austerity plan, similar to that being touted by Romney/Ryan has already been tried in the UK. It is not working. In fact, it is hitting the poorest hardest and squeezing everyone. We are in recession, again.


    Equality of outcomes versus equality of opportunity. The former doesn't work as a goal - which is basic economics - and why surprise surprise considerably fewer economists support Obama.

    What are you going to use to pay for social equality or programs when the state is bankrupt because it spent on precisely the things that those like you advocated for that created neither a return nor lasting benefit.

    And again - with respect to the austerity plan you assume that for the UK the alternative would be better as if waiting until there really are no options left is better as in the case of Greece. Or, have you kind of overlooked the level of debt you have as a nation - private and public?


    The US economy is very heavily reliant on consumer spending. If the US imposes austerity measures similar to those imposed in the UK, the US economy will contract and keep contracting. I happen to believe that, in the long term, the US is going to have to take some very difficult decisions and massively cut public spending and massively increase taxes. I do not believe now is the time for either. The Obama economic strategy is keeping America's head above water and it needs to be continued until full recovery has been achieved.

    The US economy is far larger and more productive than any in Europe. The United States has many more tools in its macro-economic policy box than countries in the eurozone. While calls for austerity have kept the United States from undertaking government spending and investment large enough to support a robust economic recovery, at least thus far, the United States has not undertaken the same self-defeating austerity measures Europe has.
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    Aug 14, 2012 10:19 PM GMT
    Ex_Mil8 said
    riddler78 said
    Ex_Mil8 said
    riddler78 said

    Except that it is about the money if you're complaining that austerity isn't working. You assume that there was such a great choice there or that the alternative wouldn't have been worse as Obama supporters have been claiming all this time.

    It's ironic though that for those like you it's more about making the rich poor than raising up the condition of the poor. Well, both ironic and telling.


    No, I was pointing out the election is not all about the money. Social equality is a pivotal issue and Romney/Ryan do not give a shit about that.

    Perhaps you could point out where I have detailed my views on economic policy? I was merely pointing out that an austerity plan, similar to that being touted by Romney/Ryan has already been tried in the UK. It is not working. In fact, it is hitting the poorest hardest and squeezing everyone. We are in recession, again.


    Equality of outcomes versus equality of opportunity. The former doesn't work as a goal - which is basic economics - and why surprise surprise considerably fewer economists support Obama.

    What are you going to use to pay for social equality or programs when the state is bankrupt because it spent on precisely the things that those like you advocated for that created neither a return nor lasting benefit.

    And again - with respect to the austerity plan you assume that for the UK the alternative would be better as if waiting until there really are no options left is better as in the case of Greece. Or, have you kind of overlooked the level of debt you have as a nation - private and public?


    The US economy is very heavily reliant on consumer spending. If the US imposes austerity measures similar to those imposed in the UK, the US economy will contract and keep contracting. I happen to believe that, in the long term, the US is going to have to take some very difficult decisions and massively cut public spending and massively increase taxes. I do not believe now is the time for either. The Obama economic strategy is keeping America's head above water and it needs to be continued until full recovery has been achieved.

    The U.S. economy is far larger and more productive than any in Europe. The United States has many more tools in its macro-economic policy box than countries in the eurozone. While calls for austerity have kept the United States from undertaking government spending and investment large enough to support a robust economic recovery, at least thus far, the United States has not undertaken the same self-defeating austerity measures Europe has.


    This is the problem that those on the left have - they always advocate dealing with problems tomorrow while they grow greater and greater. There is never a good time to deal with your problems. Your view is that the Obama economic strategy is keeping America's head above water - not only do these economists not agree, but even the Obama Administration's own projections show them considerably underwater relative to if they had done nothing in terms of "stimulus" which in reality amounted to cronyism.

    Your beliefs in Keynesian economics is particularly odd given that Keynes himself repudiated several of the proposed forms of spending that were proposed like infrastructure spending, by this Administration.

    Now on that point of the US is more productive than Europe - they *are* more productive precisely because they have not followed the same types of leftist policies and spending as advocated by the same groups and organizations you support.
  • jock_1

    Posts: 1492

    Aug 14, 2012 10:47 PM GMT
    Jay1922 saidYes, trickle down economics will save us.


    Obama's "joe the plumber" moment of spreading the wealth is doing a whole lot worse. I'll borrow you $5 if you need it with interest
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    Aug 14, 2012 10:48 PM GMT
    riddler78 said
    There is never a good time to deal with your problems.

    Now on that point of the US is more productive than Europe - they *are* more productive precisely because they have not followed the same types of leftist policies and spending as advocated by the same groups and organizations you support.


    Quite, but the middle of a global economic crisis is arguably a very bad time to be contracting one's growth by imposing austerity measures.

    You know cock-all about what groups and organizations I support. It is hardly any secret around here that my foremost political priority is gay rights issues, something the Right is always happy to attack, in spite of its claim to have more pressing priorities, like the economy.