400 Independent Economists Support Romney's Plan

Over 400 independent economists signed a statement at the website Economists for Romney in support of what they call the Republican presidential candidate's "bold economic plan for America."

Five Nobel laureates (Gary Becker, Robert Lucas, Robert Mundell, Edward Prescott, and Myron Scholes) signed the statement which, in part, reads, “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 economists also denounced Obama's economic ideas, claiming they led to an "an anemic economic recovery and high unemployment." They further assert, "his future plans are to double down on the failed policies, which will only prolong slow growth and high unemployment."

The economists write that Romney's plan is based on sound principles: "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."

"In sum, Governor Romney’s economic plan is far superior for creating economic growth and jobs than the actions and interventions President Obama has taken or plans to take in the future," the economists write. "This November, voters will make a fundamental choice between differing visions of America’s economic future."