400+ Economists Endorse Romney Plan to Create Jobs & Restore Economic Growth

This news is significant. Obama’s obfuscation continues to be exposed by outstanding experts who are emerging in strong support of Romney’s economic plan.

Stephen Moore published this piece yesterday in The Wall Street Journal titled “Economists 4 Romney”:

The Romney-Ryan ticket gets another boost today when about 400 prominent economists from industry and academia endorsed his economic revival and jobs plan. We came across an advance copy of the statement which 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 statement refutes many of the Obama campaign’s loud claims that Mr. Romney’s math doesn’t add up.

At least four of the signatories are Nobel prize winners, including Gary Becker, Robert Lucas, Robert Mundell and Edward Prescott. Other highly respected economic thinkers on the list include Phil Gramm, Martin Feldstein, and noted supply-side guru Arthur Laffer. 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 has lambasted the Romney tax cuts as a giveaway to the rich that will end up leaving the middle class carrying the bag.

Economists Jim Carter and Glenn Hubbard, both of whom worked in the Bush White House, say they “are constantly adding more names.” The purpose of the letter is to add scholarly gravitas to the Romney plan for rebuilding the economy.

The economists’ letter also takes a shot at Mr. Obama’s economic strategies which they believe “only prolong slow growth and high unemployment.” They specifically criticize the “stimulus programs,” ObamaCare, the rise in the debt burden and the regulatory explosion imposed on small businesses. They warn that in a second term Mr. Obama is likely to “double down on the failed policies.”

[…]

Nothing has failed quite like Obamanomics.

I can’t wait to see which experts Obama will roll out to support his plan! He is scrambling now to figure out what to do.


American Values: “In God We Trust” — “Liberty” — “E Pluribus Unum”

Twitter Follow: @VicLundquist — Dedicated to all members of The United States military and their families

Victor Lundquist

Victor is a businessman working in the healthcare industry. He and his wife of 33 years have five children and four grandchildren. Vic has been blogging for Mitt Romney since 2007.
View Posts | View Profile

Facebook Twitter LinkedIn 

About Victor Lundquist

Victor is a businessman working in the healthcare industry. He and his wife of 33 years have five children and four grandchildren. Vic has been blogging for Mitt Romney since 2007. View Posts | View Profile
Tagged , , , , , , , . Bookmark the permalink.

4 Responses to 400+ Economists Endorse Romney Plan to Create Jobs & Restore Economic Growth

  1. Susan says:

    It is a good strategy to name names that support Romney’s plan that over the next few months will be dissected to death. The Romney team also should concede that conditions are fluid. Most people do not know that just slight deviations from a forecast GDP growth can make a whopping difference to the budget. Back a few years ago, Obama was projecting a 3-4 percent GDP growth pattern which never materialized. Why? That is Romney’s cue to explain to the public how increased regulations and taxes and energy costs impact decision making by companies. It is true that many multi-national companies have done just fine. The question should be how ? Was it currency enhanced? Was it in fact raising prices on products? Was it efficiencies? Was it demand outside the US? It is a complex analysis. It isn’t enough for Romney/Ryan to say that regulations are burdensome when voters hear how well big corporations are doing and then not hiring.

    I am a business owner. I can tell everybody 1st hand that at the local and state level fees, taxes, regulations, assessments have impacted the bottomline and thus were passed on to customers. Are we getting anywhere with this process of passing on the expense?

  2. News Reader says:

    You ask which economists will support Obama? I’m thinking Vladimir Putin, or the ghost of Saul Alinsky.

    Obama probably won’t roll those out though.
    Maybe he can have his spend-like-crazy Ben Bernake say, don’t worry, I’ll just print more money!

  3. Fer says:

    Who will support Obama’s Plan?
    What Plan?

  4. AfricansforRomney says:

    Fer, LOL!
    In all honesty, except a few i lost faith on all the phony”economists”. These days everything is on the party line. I read very interesting Forbes article about Gov Romney team. They all share unique, diverse views. I wonder if they get along well in the end :-)

    I hope the rumor about Robert Zoellick in the future Prez Romney admin is true. He’s such a great guy, i love him.