8/20/12, "More than 500 economists, 5 Nobel laureates back Romney’s economic strategy," Daily Caller, Caroline May
"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.
Among the Obama policies with which the 526 economists take issue include:
Relied on short-term “stimulus” programs, which provided little
sustainable lift to the economy, and enacted and proposed significant
tax increases for all Americans.
Offered no plan to reduce federal spending and stop the growth of the debt-to-GDP ratio.
Failed to propose Social Security reform and offered a Medicare
proposal that relies on a panel of bureaucrats to set prices,
quantities, and qualities of healthcare services.
Favored a large expansion of economic regulation across many
sectors, with little regard for proper cost-benefit analysis and with a
disturbing degree of favoritism toward special interests.
Enacted health care legislation that centralizes health care
decisions and increases the power of the federal bureaucracy to impose
one-size-fits-all solutions on patients and doctors, and creates greater
incentives for waste.
Favored expansion of one-size-fits-all federal rulemaking, with
an erosion of the ability of state and local governments to make
decisions appropriate for their particular circumstances." via Free Republic
.
Ed. note: Please excuse bright white background behind this post. It was put there by hackers. Just one of the ways in which Blogger has let me know it's anxious for me to leave. I've said I'll do so in due course. I have no idea why blogs as small as mine should bother them so much but they do.
No comments:
Post a Comment