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Dear President Obama, Here's The List You Asked For
The new jobs bill negotiations are apparently getting under the skin of our politicians. As reported in the Wall Street Journal Wednesday, the Republicans and Democrats were rather testy with each other during a meeting with the President. Here's part of their exchange:
Republicans pushed Mr. Obama to freeze federal spending, a plea the president answered by repeatedly challenging them to produce an economist who believed that cutting spending now would be a good idea.
Attending the meeting were, among others, House Speaker Nancy Pelosi (D., Calif.), and Republicans Rep. John Boehner (R., Ohio), Rep. Dave Camp (R., Mich.), House Republican Conference Chairman Mike Pence of Indiana, Sen. Charles Grassley (R., Iowa), and House Republican Whip Eric Cantor (R.,Virginia). I didn't see Ron Paul's name on the invitee list. These brilliant Republican leaders apparently were stumped by President Obama's challenge. Can you just imagine the smirk on Mrs. Pelosi's face.
Well fear not. I know the answer. Here is a list of 200 economists who would disagree, including including Nobel Laureates Edward Prescott, Vernon Smith, and James Buchanan. This was published in many of the nation's leader newspapers late January, 2009 by The Cato Institute. Maybe the Republican leaders don't read the New York Times or the Washington Post. There are many, many more economists who believe cutting spending now would be a good idea.
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Obama Oct 08': I will create 3 million jobs in my first year
Obama Apr 09': I said save or create 1 million jobs in my first year
Obama Dec 09': If anyone knows how to create jobs I wanna know
Loved this!
I wonder how many of these guys are tenured professors that have stopped competing a long time ago.
i Too think this is their last plunder before vacationing on some far away island.
I imagine our country may have new owners soon. Wish i was wrong.
Thank you for the article.
It's important to understand you are only an "economist" in Big Government eyes if you are calling for ever increasing government spending (Calling Mr. Krugman!). So in a semantic word game Obama is correct. But really, he knows that it won't do any good and it doesn't matter. Our elected thieves are in power looter mode. The smart ones will retire and take their ill gotten booty offshore. After all things won't get pretty after they Argentina us.
I think the debt has doubled since Jan. 09 I would love to poll these names to see how TARP did and whether to audit the FED
The national debt is now around $12.1trn (according to http://www.usdebtclock.org), up from around $10.1trn when Bush left office. Under Bush, it increased from $5.7trn to $10.1trn.