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The Daily Caller…
More than
500
economists, 5 Nobel laureates back Romney’s economic strategy
By Caroline May
08/20/2012
More than 500
economists — including five Nobel laureates —
have endorsed Republican presidential candidate Mitt Romney’s economic
plan as
the right choice for jobs creation and economic growth.
The pro-Romney
group “Economists
for Romney”
announced Monday that its statement
of support for the former Massachusetts governor’s economic plan now
has 526
signatories, up from 400 a week ago.
“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,” Economists for Romney’s statement of
support
reads, proclaiming Romney’s plan as based on “proven principles” to
restrain
the federal government and expand opportunities in the private sector.
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…
Read the rest of
the article at the Daily Caller
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