American Elephants

400 Prominent Economists Endorse the Romney Plan for Economic Growth. by The Elephant's Child

The Romney & Ryan ticket got another endorsement today when around 400 prominent economists from industry and academia endorsed their jobs and economic growth plan. Economist Stephen Moore said the statement 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 plan is based on proven principles; a more contained and less intrusive federal government, a greater reliance on the private sector…” The Obama campaign’s claims that Mr. Romney’s math doesn’t add up, are probably not the most effective charge.

The statement is signed by at least four Nobel prize winners, including Gary Becker, Robert Lucas, Robert Mundell and Edward Prescott.  Others on the list include the highly respected economists Martin Feldstein, Arthur Laffer and Phil Gramm. The scholars say they agree with the Romney plan’s intention to reduce marginal tax rates on business and wage incomes and broaden the tax base to increase investment, jobs and living standards.” Mr. Obama doesn’t want any tax cuts and insists that the Romney plan is a giveaway to the rich— a charge that history refutes.

The Obama campaign will shortly round up liberal economists to endorse his program, if he can find any besides Paul Krugman. This is part of every campaign. There will be dueling economists. The trouble is that most of the liberals helped to devise the Obama stimulus and supported his measures to combat the recession and drive unemployment down, and it hasn’t worked. Obama is reduced to claiming made-up numbers.

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