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Nobel laureates endorse Kerry

B

BaliBabyDoc

Lifer
Yahoo Aussie/NZ
Concerned over Republican President George W Bush's handling of the US economy, 10 Nobel laureates in economics announced in a public letter their endorsement of Democratic presidential candidate John Kerry.
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Given a little time I'm sure we will discover that these guys didn't deserve their Nobel prizes . . .

According to the letter, the Bush administration has "embarked on a reckless and extreme course that endangers the long-term economic health of our nation."

Kerry "understands that sound economic policy requires a substantial change in direction, and we support him for president."
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I believe the former but not totally convinced on the latter.
 
Yeah...not so sure about a substantial change in direction...just a substantial lack of kissing up to business partners and a substantial lack of ignoring the national deficit.
 
Originally posted by: BaliBabyDoc
I believe the former but not totally convinced on the latter.
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Sadly, I agree. Kerry, if he wins, will not have the political capital to fully address the deficit. But, at least the BushBoys won't be picking the next 3-4 Supreme Court justices, unless they all pull a Strom!
 
Originally posted by: conjur
Yeah...not so sure about a substantial change in direction...just a substantial lack of kissing up to business partners and a substantial lack of ignoring the national deficit.
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Didn't you get the memo 😀 we are going to grow ourselves out of deficit spending . . . just like Reagan. The backup plan is to keep referring to the deficit and debt as a % of GDP. That technique should work for 10 more years or so.
 
LOL--and notice--not one of the Bushite Cult Members has a response. Chances are they will examine the war records of the lauretes or dig up some other dirt!
 
Originally posted by: BaliBabyDoc
Originally posted by: conjur
Yeah...not so sure about a substantial change in direction...just a substantial lack of kissing up to business partners and a substantial lack of ignoring the national deficit.
Click to expand...
Didn't you get the memo 😀 we are going to grow ourselves out of deficit spending . . . just like Reagan. The backup plan is to keep referring to the deficit and debt as a % of GDP. That technique should work for 10 more years or so.
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Why not, it has worked for the past 50.
 
Originally posted by: charrison
Originally posted by: BaliBabyDoc
Originally posted by: conjur
Yeah...not so sure about a substantial change in direction...just a substantial lack of kissing up to business partners and a substantial lack of ignoring the national deficit.
Click to expand...
Didn't you get the memo 😀 we are going to grow ourselves out of deficit spending . . . just like Reagan. The backup plan is to keep referring to the deficit and debt as a % of GDP. That technique should work for 10 more years or so.
Click to expand...

Why not, it has worked for the past 50.
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You know I'm getting pretty tired of the "their arsehole did it so why cannot ours" defense. Whatever happened to principled leadership? How bringing honor and dignity back to the White House? Fiscal responsibility . . . anyone . . . Bueller??

My greatest fear was acne during the 80s but from what I recall . . . Reagan at least TALKED like deficit spending was a bad thing. Granted he signed a whole bunch of tax cuts and spending bills that CAUSED the deficits to grow. Occasionally, Bush will give some trite phrase like, "Congress needs to reign in spending," but there's no conviction on his part. There's ZERO leadership from the Executive Branch. When they leaked budget proposals for a 2nd term that would cut into discretionary non-DOD spending they denied, denied, denied.

If you based conclusions on what Bush has done and what he vigorously supports . . . we would have permanent tax cuts, DOD spending growing to 1/5 if not 1/4 of the budget, and deficits as far as the eye can see. That's not a plan . . . that's a catastrophe.
 
Originally posted by: BaliBabyDoc
Originally posted by: charrison
Originally posted by: BaliBabyDoc
Originally posted by: conjur
Yeah...not so sure about a substantial change in direction...just a substantial lack of kissing up to business partners and a substantial lack of ignoring the national deficit.
Click to expand...
Didn't you get the memo 😀 we are going to grow ourselves out of deficit spending . . . just like Reagan. The backup plan is to keep referring to the deficit and debt as a % of GDP. That technique should work for 10 more years or so.
Click to expand...

Why not, it has worked for the past 50.
Click to expand...
You know I'm getting pretty tired of the "their arsehole did it so why cannot ours" defense. Whatever happened to principled leadership? How bringing honor and dignity back to the White House? Fiscal responsibility . . . anyone . . . Bueller??

My greatest fear was acne during the 80s but from what I recall . . . Reagan at least TALKED like deficit spending was a bad thing. Granted he signed a whole bunch of tax cuts and spending bills that CAUSED the deficits to grow. Occasionally, Bush will give some trite phrase like, "Congress needs to reign in spending," but there's no conviction on his part. There's ZERO leadership from the Executive Branch. When they leaked budget proposals for a 2nd term that would cut into discretionary non-DOD spending they denied, denied, denied.

If you based conclusions on what Bush has done and what he vigorously supports . . . we would have permanent tax cuts, DOD spending growing to 1/5 if not 1/4 of the budget, and deficits as far as the eye can see. That's not a plan . . . that's a catastrophe.
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I dont disagree, but i am not acting like this is a new problem either. Neither party is doing their jobs in DC.
 
Originally posted by: rextilleon
LOL--and notice--not one of the Bushite Cult Members has a response. Chances are they will examine the war records of the lauretes or dig up some other dirt!
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I believe the only ones trying to go after personal records instead of actually debating the issues are the democrats. I wouldn't mention Swift Boat vets if you disagree with my statement as Kerry made his war record the issue at the Democratic Nat. Conv. Yes I watched it andno I will not vote for Kerry because he would double our deficit if he did everything he said which either makes him stupid, a liar, or both.
 
If there was a real solution to deficit spending coming from either party I believe the economists would agree and side with one or the other. With Kerry's plans I don't see a change other than to change where our money goes, but he doesn't plan to let the gov. keep it either way. BTW, Bush inherited Clinton's legacy: our economic condition. Anyone who says Bush 2 solely destroyed our economy needs to have a catscan.
 
Originally posted by: Anubis08
Originally posted by: rextilleon
LOL--and notice--not one of the Bushite Cult Members has a response. Chances are they will examine the war records of the lauretes or dig up some other dirt!
Click to expand...

I believe the only ones trying to go after personal records instead of actually debating the issues are the democrats. I wouldn't mention Swift Boat vets if you disagree with my statement as Kerry made his war record the issue at the Democratic Nat. Conv. Yes I watched it andno I will not vote for Kerry because he would double our deficit if he did everything he said which either makes him stupid, a liar, or both.
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haha
 
Fair enough but unlike the 80s where Dems wrote crappy legislation (with GOP help) and Reagan signed it . . . we now have Repugs writing crappy legislation (with minimal Dem input) and then Bush signs it.

Like I said the 80s were my formative years but "tax and spend Democrat" was somewhat accurate. These days it's "tax cut and spend Republican" which is accurate but makes no sense whatsoever unless you believe they plan to starve the federal government into responsible fiscal policy.

IMO, Hagel, Snowe, Collins, Chafee, McCain, Voinovich, Breaux, Biden and a few others are the only ones worth a damn. The rest are partisan sycophants that are driving our country into a ravine and claiming they are doing it for our own good.
 
Originally posted by: BaliBabyDoc
Fair enough but unlike the 80s where Dems wrote crappy legislation (with GOP help) and Reagan signed it . . . we now have Repugs writing crappy legislation (with minimal Dem input) and then Bush signs it.

Like I said the 80s were my formative years but "tax and spend Democrat" was somewhat accurate. These days it's "tax cut and spend Republican" which is accurate but makes no sense whatsoever unless you believe they plan to starve the federal government into responsible fiscal policy.

IMO, Hagel, Snowe, Collins, Chafee, McCain, Voinovich, Breaux, Biden and a few others are the only ones worth a damn. The rest are partisan sycophants that are driving our country into a ravine and claiming they are doing it for our own good.
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And before that we had dems writing crappy legislation and dem president signing it. Once again, there is nothing new.
 
You can never please everyone. This will never change. That being said, Kerry says he will cut taxes too and drop loopholes for the rich. Let's examine what Kerry considers rich. Him and his wife have $500+ million and they pay less taxes than me who makes less than $100k. Like Bush said, the really rich will pay the same, but those that don't work will get the money of those who do.
 
Originally posted by: FelixDeKat
Pointy headed libs endorse Kerry. Big surprise.
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I take the opinions of 10 Nobel Prizers economists over that of people on a random internet forum anyday. Thanks.
 
Nobel Prizes are soooo overrated 🙂
but then again, it shouldn't take 10 Nobel laureates to know that our president is a reckless airhead cowboy. Bush might be a good campaigner, but definitely a very bad president.
 
How unpatriotic of them. They are out of the loop or just probably trying to profit from an impending release of a book or working paper.
 
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