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More than 500 economists, 5 Nobel laureates back Romney’s economic strategy

snipe 2012/08/21 01:58:18
seems bad news comes in bunches. No wonder the Bamster's been a little testy lately.


More than 500 economists — including five Nobel laureates — have
endorsed Republican presidential candidate Mitt Romney’s economic plan
as the right choice for jobs creation and economic growth.


The pro-Romney group “Economists for Romney” announced Monday that its statement of support for the former Massachusetts governor’s economic plan now has 526 signatories, up from 400 a week ago.


“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,” Economists for Romney’s statement of
support reads, proclaiming Romney’s plan as based on “proven
principles” to restrain the federal government and expand opportunities
in the private sector.


The 526 economists — including Nobel laureates Gary Becker, Robert
Lucas, Robert Mundell, Edward Prescott, and Myron Scholes — point to
six facets of Romney’s economic approach that they see as beneficial to
future economic success.

  • Reduce marginal tax rates on business and wage incomes and
    broaden the tax base to increase investment, jobs, and living standards.
  • End the exploding federal debt by controlling the growth of
    spending so federal spending does not exceed 20 percent of the economy.
  • Restructure regulation to end “too big to fail,” improve credit
    availability to entrepreneurs and small businesses, and increase
    regulatory accountability, and ensure that all regulations pass
    rigorous benefit-cost tests.
  • Improve our Social Security and Medicare programs by reducing
    their growth to sustainable levels, ensuring their viability over the
    long term, and protecting those in or near retirement.
  • Reform our healthcare system to harness market forces and
    thereby reduce costs and increase quality, empowering patients and
    doctors, rather than the federal bureaucracy.
  • Promote energy policies that increase domestic production,
    enlarge the use of all western hemisphere resources, encourage the use
    of new technologies, end wasteful subsidies, and rely more on market
    forces and less on government planners.

    Seven of the signatories are from Harvard University and five from Columbia
    University — two of President Barack Obama’s alma maters.

    The economists’ statement of support pillories Obama’s economic record,
    claiming that his expansion of the federal government has resulted in “anemic
    economic recovery and high unemployment,” which will continue if his future
    plans are implemented.

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Top Opinion

  • Dee 2012/08/21 02:18:36
    Dee
    +18
    If I ran my household the way Obama is running this country, I'd be living in a box under a bridge.

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  • JMCC 2012/08/23 18:21:28
    JMCC
    Still several thousand to sign up then...
  • REFUSENICK1967 2012/08/22 23:14:56
    REFUSENICK1967
    40 Points That Prove That Barack Obama And Mitt Romney Are Essentially The Same Candidate-----1. Barack Obama and Mitt Romney both supported TARP.

    2. Mitt Romney supported Barack Obama’s “economic stimulus” packages.

    3. Mitt Romney says that Barack Obama’s bailout of the auto industry was actually his idea.

    4. Neither candidate supports immediately balancing the federal budget.

    5. They both believe in big government and they both have a track record of being big spenders while in office.

    6. Barack Obama and Mitt Romney both fully support the Federal Reserve.

    7. Barack Obama and Mitt Romney are both on record as saying that the president should not question the “independence” of the Federal Reserve.

    8. Barack Obama and Mitt Romney have both said that Federal Reserve Chairman Ben Bernanke did a good job during the last financial crisis.

    9. Barack Obama and Mitt Romney both felt that Federal Reserve Chairman Ben Bernanke deserved to be renominated to a second term.

    10. Both candidates oppose a full audit of the Federal Reserve.

    11. Both candidates are on record as saying that U.S. Treasury Secretary Timothy Geithner has done a good job.

    12. Barack Obama and Mitt Romney have both been big promoters of universal health care.

    13. Mitt Romney was the one who d...























































    40 Points That Prove That Barack Obama And Mitt Romney Are Essentially The Same Candidate-----1. Barack Obama and Mitt Romney both supported TARP.

    2. Mitt Romney supported Barack Obama’s “economic stimulus” packages.

    3. Mitt Romney says that Barack Obama’s bailout of the auto industry was actually his idea.

    4. Neither candidate supports immediately balancing the federal budget.

    5. They both believe in big government and they both have a track record of being big spenders while in office.

    6. Barack Obama and Mitt Romney both fully support the Federal Reserve.

    7. Barack Obama and Mitt Romney are both on record as saying that the president should not question the “independence” of the Federal Reserve.

    8. Barack Obama and Mitt Romney have both said that Federal Reserve Chairman Ben Bernanke did a good job during the last financial crisis.

    9. Barack Obama and Mitt Romney both felt that Federal Reserve Chairman Ben Bernanke deserved to be renominated to a second term.

    10. Both candidates oppose a full audit of the Federal Reserve.

    11. Both candidates are on record as saying that U.S. Treasury Secretary Timothy Geithner has done a good job.

    12. Barack Obama and Mitt Romney have both been big promoters of universal health care.

    13. Mitt Romney was the one who developed the plan that Obamacare was later based upon.

    14. Wall Street absolutely showers both candidates with campaign contributions.

    15. Neither candidate wants to eliminate the income tax or the IRS.

    16. Both candidates want to keep personal income tax rates at the exact same levels for the vast majority of Americans.

    17. Both candidates are “open” to the idea of imposing a Value Added Tax on the American people.

    18. Barack Obama and Mitt Romney both believe that the TSA is doing a great job.

    19. Barack Obama and Mitt Romney both supported the NDAA.

    20. Barack Obama and Mitt Romney both supported the renewal of the Patriot Act.

    21. Barack Obama and Mitt Romney both believe that the federal government should be able to indefinitely detain American citizens that are considered to be terrorists.

    22. Both candidates believe that American citizens suspected of being terrorists can be killed by the president without a trial.

    23. Barack Obama has not closed Guantanamo Bay like he promised to do, and Mitt Romney actually wants to double the number of prisoners held there.

    24. Both candidates support the practice of “extraordinary rendition”.

    25. They both support the job-killing “free trade” agenda of the global elite.

    26. They both accuse each other of shipping jobs out of the country and both of them are right.

    27. Both candidates are extremely soft on illegal immigration.

    28. Neither candidate has any military experience. This is the first time that this has happened in a U.S. election since 1944.

    29. Both candidates earned a degree from Harvard University.

    30. They both believe in the theory of man-made global warming.

    31. Mitt Romney has said that he will support a “cap and trade” carbon tax scheme (like the one Barack Obama wants) as longas the entire globe goes along with it.

    32. Both candidates have a very long record of supporting strict gun control measures.

    33. Both candidates have been pro-abortion most of their careers. Mitt Romney’s “conversion” to the pro-life cause has been questioned by many. In fact, Mitt Romney has made millions on Bain Capital’s investment in a company called “Stericycle” that incinerates aborted babies collected from family planning clinics.

    34. Barack Obama and Mitt Romney both believe that the Boy Scout ban on openly gay troop leaders is wrong.

    35. They both believe that a “two state solution” will bring lasting peace between the Palestinians and Israel.

    36. Both candidates have a history of nominating extremely liberal judges.

    37. Like Barack Obama, Mitt Romney also plans to add “signing statements” to bills when he signs them into law.

    38. They both have a horrible record when it comes to job creation.

    39. Both candidates believe that the president has the power to take the country to war without getting the approval of the U.S. Congress.

    40. Both candidates plan to continue running up more government debt even though the U.S. government is already 16 trillion dollars in debt.

    Source: The American Dream
    (more)
  • CAPISCE 2012/08/22 22:06:23
    CAPISCE
    +1
    Hey---how dare you use the truth! More distractions and illusions please
  • Marianne™ 2012/08/22 21:45:09
  • tblackb 2012/08/22 20:40:53
    tblackb
    +2
    O wow lets run out and vote for him today! how many economist do you think there are in this country, 600? no, there are thousands. so the fact that some economist support romney's economic plan, whatever it may, means noting. for every one of those economist and nobel laureates that like his plan, whatever it is, you can find one that doesn't like it; whatever it is,,,
  • chgo 2012/08/22 19:04:56
    chgo
    +1
    You mean to tell me that I should accept a "study" as being credible that is from a website called EconomistsforRomney.com? bias, bias, bias!

    Economists to Romney campaign: That’s not what our research says
    http://www.washingtonpost.com...
  • Rusty Shackleford 2012/08/22 18:21:35
    Rusty Shackleford
    +2
    The official White House response to this news:

    official white house response news
  • none 2012/08/22 16:46:38
    none
    +2
    They know what works and what doesn't, by this time the whole country should realize what a failure Obama's plans have been. A company run by Obama would be bankrupt and out of business by now.
  • Proggy 2012/08/22 16:44:18
    Proggy
    +1
    LOL!!! The Daily Bawler is all I needed to see. Romney refused to reveal the details of his "energy plan" because the press was present. You people are a joke.

    http://www.huffingtonpost.com...

    Yeah, and you dunces really trust him.
  • marcuss... Proggy 2012/08/22 18:07:42
    marcuss....PHART
    +1
    He is officially not the nominee yet. He can reveal his plan after the convention. We already know 0WEbamas plan consists of shutting down power plants and getting oil from Brazil along with killing jobs building the keystone xl 0WEbamas energy plan sucks just like his dismal economic policy.
  • Proggy marcuss... 2012/08/22 21:17:18
  • marcuss... Proggy 2012/08/23 00:01:47 (edited)
    marcuss....PHART
    +1
    Your IGNORANCE to anything FACTUAL is quite amusing. No matter what comes from any Republican you will attack even if it included FREE GASOLINE FOR LIFE. 0WEbama proves what his energy plan is.He states he will necessarily cause increases in energy prices. Did you forget he said that or are you being the TYPICAL LWNJ LIAR?


    From the sublime to the ridiculous, the Obama administration’s energy policy has devolved into self-parody.

    President Obama recently announced that he would accelerate the construction of . . . ta da! . . . the southern half of the Keystone XL pipeline. This portion, conveniently enough, does not reach Canada, which yearns to send America petroleum from its oil sands in Alberta. Obama’s move is like building an airport runway while banning the taxiway that would connect it to the passenger terminal.

    The only thing sillier than Obama’s plan would have been his announcing it while wearing pants, but nothing north of his waist.

    Obama, naturally, shirks responsibility for keeping Keystone a pipe dream. As he claims, “The rushed and arbitrary deadline insisted on by congressional Republicans prevented a full assessment of the pipeline’s impact.”

    Advertisement
    Rushed?

    Team Obama has had its entire tenure to study Keystone. As a State Department timeline confirms, it rece...









    Your IGNORANCE to anything FACTUAL is quite amusing. No matter what comes from any Republican you will attack even if it included FREE GASOLINE FOR LIFE. 0WEbama proves what his energy plan is.He states he will necessarily cause increases in energy prices. Did you forget he said that or are you being the TYPICAL LWNJ LIAR?


    From the sublime to the ridiculous, the Obama administration’s energy policy has devolved into self-parody.

    President Obama recently announced that he would accelerate the construction of . . . ta da! . . . the southern half of the Keystone XL pipeline. This portion, conveniently enough, does not reach Canada, which yearns to send America petroleum from its oil sands in Alberta. Obama’s move is like building an airport runway while banning the taxiway that would connect it to the passenger terminal.

    The only thing sillier than Obama’s plan would have been his announcing it while wearing pants, but nothing north of his waist.

    Obama, naturally, shirks responsibility for keeping Keystone a pipe dream. As he claims, “The rushed and arbitrary deadline insisted on by congressional Republicans prevented a full assessment of the pipeline’s impact.”

    Advertisement
    Rushed?

    Team Obama has had its entire tenure to study Keystone. As a State Department timeline confirms, it received TransCanada’s Keystone application on September 19, 2008 — under President George W. Bush. As Obama was inaugurated on January 20, 2009, Washington already had evaluated Keystone for four months and one day. It weighed the pipeline for nearly three more years, whereupon Obama blamed GOP monsters for forcing him into a snap judgment within 60 days of last December 23’s payroll-tax-holiday legislation. So, on January 18, Obama spiked Keystone rather than decide too quickly.

    “John Boehner ate my homework” is neither a policy nor an excuse.

    Facing high gasoline prices, Obama says, “We can’t simply drill our way out of the problem” while bragging that “we’re drilling all over the place.”

    As if to underscore this non sequitur, Obama spoke March 21 in Maljamar, N.M., before at least a half-dozen oil wells. This was a gripping visual, except that the wells stood perfectly still. Motionless oil wells. What a perfect, Obamaite metaphor. According to the Institute for Energy Research, oil production on private property grew 14 percent last year. However, it shrank 11 percent on federal acreage — which is controlled by Barack Obama.

    An average gallon of gasoline has climbed from $1.84 when Obama entered office to $3.94 today. Despite this 114 percent increase, Energy Secretary Steven Chu told a House hearing, “I would give myself a little higher” than an A-minus on fuel prices.

    http://www.nationalreview.com...
    (more)
  • mich52 2012/08/22 16:21:41
  • JULIE 2012/08/22 15:11:08
    JULIE
    +3
    Now Romney suddenly has a plan, popped up right after Ryan came aboard.
    stupid romney   ryan
  • Rusty S... JULIE 2012/08/22 18:22:41
    Rusty Shackleford
    +1
    What about 0bama's budget? How much support does that have in Congress?
  • JULIE Rusty S... 2012/08/25 02:20:16
    JULIE
    What support has anything had from congress?
  • Rusty S... JULIE 2012/08/25 11:39:29
    Rusty Shackleford
    +1
    Well, surely some of the democrats must have supported 0bama's budget. At the very least, Harry Reid must have voted for it.
  • auxarc 2012/08/22 15:11:01 (edited)
  • ALofRI 2012/08/22 14:38:12
    ALofRI
    +1
    And you people accuse Obama of lies..
  • The Gipper~PWCM~JLA 2012/08/22 14:34:44
    The Gipper~PWCM~JLA
    +1
    Sounds like a reasonable plan. Does it stand a snowball's chance in DC?
  • RJ~PWCM~JLA 2012/08/22 12:56:10
    RJ~PWCM~JLA
    +3
    The reaction from 0bama?

    "What the hell do 500 economists know? You will place no false gods before me!"




    http://righttruth.typepad.com...
  • shadow76 2012/08/22 12:20:37
    shadow76
    +1
    Their politics trumps anything else they supposedly know!
  • harry 2012/08/22 10:52:11
    harry
    What school did these economists grageeate from? The School of Never Never Land University of Way Out There? Do they specialize in New Wave Math?
  • snipe harry 2012/08/22 19:08:40 (edited)
    snipe
    +1
    It's in the article and if you had read it you would have seen it. But, apparently you didn't so I'll make it easy for ya.

    Seven of the signatories are from Harvard University and five from Columbia
    University — two of President Barack Obama’s alma maters.
  • MR. 2012/08/22 10:51:19
    MR.
    +2
    "Run,... don't walk to vote for: *(ROMNEY/RYAN 2012') -"Just Do It"-
  • JULIE MR. 2012/08/22 15:13:26
    JULIE
    +2
    Funny you quote a Nike ad
    nike sweat shop
  • MR. JULIE 2012/08/22 17:03:02
    MR.
    +1
    I'm open, honest and truthful. My use of a term has nothing to do with a company or corporation, and by your *reply, I can tell in real life you "never" practice it. *(Your loss!)
  • JULIE MR. 2012/08/25 02:21:53
    JULIE
    You don't think out of the box much, It's a reference to the kind of jobs Romney will bring
  • redhorse29 2012/08/22 07:28:26
    redhorse29
    +1
    Guess I am in good company.
  • dallasjoe 2012/08/22 06:37:47
    dallasjoe
    Thousands of Scientists and many more than FIVE Nobel laurates have said Global Warming is real and it is dangerous. SO if they argree it must be TRUE
  • RogerCoppock 2012/08/22 05:26:32
    RogerCoppock
    +2
    Yet another phony survey.
  • Al C. RogerCo... 2012/08/22 12:27:08
    Al C.
    +2
    You should change your name to CRACKPOT!!!!!!!!!!!!!!!!!!
  • mike j 2012/08/22 04:47:38
    mike j
    So what ? I do not really care what the opinion of some 500 so called experts want or say, What matters to me is what some 300 million American Citizens have to say and I dont care what 500 experts think , I care about what the United States Congress will vote on and pass. If we want to run this failing show on opinions then all we have to do is just let the entertainment/opinion morons on TV just run the show for us. What I want is a qualified President and a Congress that will follow the letter of the Constitution and do what is Right by all American Citizens .
  • Deputy Chief 2012/08/22 03:53:59
    Deputy Chief
    +1
    I just do not understand how anyone can justify a President failing to work within the parameters of a budget as doing an acceptable job! I guess common sense isn't so common! But maybe these are the same people who are irresponsible in living their lives and handling their own bills . Creidt cards maxed, houses in foreclosure and big businesses expecting government bailout money. No one wants to accept responsibility for their poor choices and be held accountable for anything. They want something from those of us who sacrificed and lived within our means.
  • Peggy 2012/08/22 02:59:53
    Peggy
    +2
    You won't hear any of this on the media.
  • Mr. Smith 2012/08/22 02:30:59
  • dominic garcia 2012/08/22 02:16:56
    dominic garcia
    +2
    Yippee..... thats a right on. More power to Romney. Forget about "DOPE AND RAPE AMERICA!"
  • dandieselonian 2012/08/22 02:06:46
    dandieselonian
    with a billion in campaign funds you can get people to say anything
  • snipe dandies... 2012/08/22 02:17:29
    snipe
    +4
    If I remember right it was the obama campaign that was bragging that obama would be the first ever billion dollar candidate. A lot of those who donated to him in '08 are now donating to the other guy. obama has no one to blame but himself for that.
  • diane RN snipe 2012/08/22 02:19:01
    diane RN
    +2
    As usual, they are spending money faster than it comes in....Hmmmmm....sound familiar?
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