Obama’s economic plan is bad?
October 12th, 2008 by Brandon
That’s what over 100 economists are saying. Is this a surprise to anyone? Not me. Among those listed are five Nobel Prize winners, two of which are professors at GMU: Vernon Smith and James Buchanan.
By the way, I got this story from Greg Mankiw’s blog. Mankiw is a macroeconomist at Harvard, and though his name doesn’t appear on the list of supporters for the above-mentioned statement, he did state that he doesn’t like Obama’s proposed plan either; he merely didn’t sign because it was a “tad too hyperbolic for my tastes.” Makes me wonder how many more economists would have signed if the statement were merely “Obama’s plan is bad,” rather than “Obama’s plan is absolutely terrible.”
October 23rd, 2008 at 9:07pm
I thought you were not informing yourself….
No one has a good economic plan from what I can tell.
October 23rd, 2008 at 9:21pm
http://www.barackobama.com/pdf/taxes/Factsheet_Tax_Plan_FINAL.pdf
the Obama site also has a comparison of tax plans between the two candidates if you want to look.
Oh, and he’s not halting international trade. Those 100 economists are probably uber rich and Republican. Or just wanting attention. Or werewolves. Yes.
October 24th, 2008 at 12:42am
Just because it’s posted on McCain’s website doesn’t mean those economists are Republicans.
I’ve discovered in the world of academia that the more educated you become, the less you associate with political parties.
Even at UNLV, most of the faculty in the econ department are registered non-partisan. Even between Rs and Ds, there are more Ds. But when you talk to those Ds, they are still very free-market, capitalism-loving folks. And the same thing holds for most economists.
There’s something about studying economics that makes you think “Wow, capitalism really is a wonderful thing.