10 Nobel economists endorse Kerry

Discussion in 'Politics' started by DKSuddeth, Aug 25, 2004.

  1. DKSuddeth
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    DKSuddeth Senior Member

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    reuters article

    PHILADELPHIA - John Kerry won the endorsement of 10 Nobel Prize-winning economists Wednesday as he attacked President Bush for policies that he said have led to the creation of only low-paying jobs.

    The Democratic presidential nominee released a letter from the economists saying the Bush administration had “embarked on a reckless and extreme course that endangers the long-term economic health of our nation.”

    They cited “poorly designed” tax cuts that instead of creating jobs have turned budget surpluses into enormous budget deficits, a “fiscal irresponsibility threatens the long-term economic security and prosperity of our nation.”

    The endorsement, in the form of an open letter American voters, was signed by George Akerlof and Daniel McFadden of the University of California at Berkeley, Kenneth Arrow and William Sharpe of Stanford University, Daniel Kahneman of Princeton University, Lawrence Klein of the University of Pennsylvania, Douglass North of Washington University, Paul Samuelson and Robert Solow of MIT and Joseph Stiglitz of Columbia University.

    Kerry, in remarks prepared for an appearance in Philadelphia, called for “jobs that don’t just let you survive but let you get ahead. Jobs that let you pay your bills, send your kids to college, buy a house, save a little for retirement and go out to dinner or a movie every once in a while.”

    Now, he said, good jobs are being replaced “with ones that just don’t pay the bills,” — 1.8 million private sector jobs lost replaced by ones that pay $9,000 less and are more likely to be temporary less likely to offer health insurance.

    without hearing all the 'liberal mass media' BS, what the hell is going on here?
     
  2. Merlin1047
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    Merlin1047 Senior Member

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    First a question simply to satisfy my curiosity. Why would economists be considered for the Nobel "Peace" Prize? Doesn't it seem a bit fat-fetched that economists somehow contribute to world peace? Oh well, considering they awarded the prize to Arafat and Carter, I suppose that economists should certainly be in the running. Perhaps next year they'll include the dog catcher.

    But I suppose that this just goes to prove that economists have opinions and political leanings just like anyone else. I bet that GW could scurry off and find economists to support his approach.

    Doesn't matter much to me. The only economist whose opinions interest me a great deal is Alan Greenspan. He deals with reality. The rest are theorists.
     
  3. DKSuddeth
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    DKSuddeth Senior Member

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    I could be wrong, but nobel prizes aren't just for peace. Theres a nobel prize for literature, physics, chemistry, medicine, and economics.
     
  4. Merlin1047
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    Merlin1047 Senior Member

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    Hell. I knew that. Total brain stall.

    I hate it when that happens.

    Thanks anyway.
     
  5. DKSuddeth
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    DKSuddeth Senior Member

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    eh, it happens. I've certainly had my fair share of them also. :beer:
     
  6. Fletch
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    Fletch Member

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    With all due respect Merlin, there is a Nobel Prize for Economics.


    As for what is going on with this? Well at a quick glance. You have Akerloz whose wife worked for the Clinton Administration. Joseph Stigiltz was an advisor for another Democratic administration. It only said Democratic Administration, I will look further as to which one. Mcfadden studied under Samuelson and Solow. A pattern here? That took about 5 min to look up, but funny the article does not mention thier political affiliations. Which from what I have found so far seem to be pretty substantial.

    Oh, and Mcfadden's Nobel is for MICROeconomics.
     
  7. popefumanchu
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    popefumanchu Member

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    Basically, the Nobel prize winners are chosen by a bunch of leftists. If you get a peace prize, you refused to take a moral stance and strove for concensus. If you win the economics prize, you have advanced the cause of communism by hoodwinking folks into believing socialism is a good idea. It's all a bunch of intellectual nonsense.
     
  8. tpahl
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    tpahl Member

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    I think quite a few economists from the austrian school of economics have won nobel prizes. They are hardly communists.
     
  9. Merlin1047
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    Merlin1047 Senior Member

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    We figured that out already. Or are you just rubbing a little salt? :bat:
     
  10. Fletch
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    Fletch Member

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    Naw just beat me to it
     

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