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Mugsy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 07:50 AM
Original message
Okay DU'ers. Get on this one. Research time.
During ABC's "This Week" yesterday, House Minority Leader John Boehner noted that he had just "delivered to President Obama a statement signed by 100 economists" asserting that if we STOP deficit spending immediately, "it will boost the economy immediately". Complete nonsense.

Here is that letter. Naturally, the first "economist" on the list comes from the AEI.

Someone needs to go through the list and document the person behind every signature.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 07:53 AM
Response to Original message
1. The easiest ways to stop deficit spending
are to stop the fucking wars and tax the rich.
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Ganja Ninja Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:22 AM
Response to Reply #1
7. Exactly. stop the revenue deficit by taxing the people that can afford to be taxed .
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 07:55 AM
Response to Original message
2. King Banaian
King Banaian

#
Coleman Lawyer: The Constitution Now Requires Counting Invalid ...

On a related side note, Coleman plans to bring in King Banaian, an economics professor and right-wing blogger, to make a statistical argument that the ...
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5039685
#
WHAT'S WRONG WITH THIS PICTURE? - Democratic Underground

16 posts - 11 authors - Last post: Mar 2
Edited on Thu Apr-10-08 05:08 PM by CatholicEdHead. King Banaian looks like he could pass for Michael Savage. ...
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=160x29697

Bogus Gold: King Banaian of SCSU Scholars Interview

Feb 20, 2005 ... King Banaian is the blogger who writes SCSU Scholars, formerly a group blog but now a solo operation. Aside from blogging, he is a Professor ...
bogusgold.blogspot.com/.../king-banaian-of-scsu-scholars.html


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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:00 AM
Response to Original message
3. Stacie Beck
TAG Blog: A Brief History of Taxes

Apr 15, 2009 ... Stop listening to paranoid nutjob wackos like Glen Beck and Rense and Noory. .... New York University economist Thomas Sargent agrees: "The ... Howard Baetjer, Jr., Towson University Stacie Beck, Univ. of Delaware ...
http://animationguildblog.blogspot.com/2009/04/brief-history-of-taxes.html


Is Obama Crying Wolf With This Stimulus Package?

Feb 6, 2009 ... You come across as a nut job. Do you really expect anyone to believe some commies ...... Signed by economists: Burton Abrams, Univ. of Delaware ... Howard Baetjer, Jr., Towson University. Stacie Beck, Univ. of Delaware ...
http://www.fool.com/investing/dividends-income/2009/02/06/is-obama-crying-wolf-with-this-stimulus-package.aspx


McCain and his gang of 300 economists | Crooks and Liars

53 posts - 9 authors - Last post: Jul 7, 2008
James L. Butkiewicz, University of Delaware ..... first through the (now discredited) Chicago School "monetarism" and later through the ...
http://crooksandliars.com/2008/07/07/mccain-and-his-gang-of-300-economists


The Reconstruction Finance Corporation, the gold standard, and the ...

... Pawan G. Bareja, Stacie Beck, Anne Dushel, Mary Eshelbach Gregson, ... the participants in the weekly University of Delaware economics seminar, ...
http://findarticles.com/p/articles/mi_qa5421/is_2_66/ai_n28743607/pg_16/




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Gman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:00 AM
Response to Original message
4. I wouldn't think Boner would have any trouble finding 100 people
with economics degrees that are certified RW nuts.
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 09:57 AM
Response to Reply #4
14. University of Chicago cranks them out nonstop. And I do mean cranks. nt
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:03 AM
Response to Original message
5. Bruce Bender
Edited on Mon Jun-14-10 08:04 AM by Ian David
The Battle for the Soul of Brooklyn -- New York Magazine

... who ran the city's Public Development Corporation in the eighties; and Bruce Bender, a longtime aide to former City Council speaker Peter Vallone. ...
http://nymag.com/news/features/18862/index3.html

INTERESTS, INSTITUTIONS, AND IDEOLOGY IN SECURING POLICY CHANGE ...

Bruce Bender & John R. Lott, Jr., Legislator Voting and Shirking, 87 Pub. .... justified by security needs" and that "economic isolationism was discredited. ...
https://litigation-essentials.lexisnexis.com/webcd/app?action=DocumentDisplay&crawlid=1&crawlid=1&doctype=cite&docid=42+J.+Law+%26+Econ.+643&srctype=smi&srcid=3B15&key=a782819ea80a5596294fb600a80af219


Leaving a Sinking Ship: Archive Entry From Brad DeLong's Webjournal

Jun 30, 2004 ... Letter Text: We enthusiastically endorse your economic growth and jobs proposal ... Bruce Bender, University of Wisconsin at Milwaukee ...... The real question is "How many discredited economists will admit their mistake ...
http://www.j-bradford-delong.net/movable_type/2004_archives/000204.html

368 Economists are opposed to John Kerry - Straight Dope Message Board
John Kerry boasts that his economic policies will lead to the creation of 10 million .... Bruce Bender University of Wisconsin — Milwaukee Bruce L. Benson ...
http://boards.straightdope.com/sdmb/showthread.php?t=280819











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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:14 AM
Response to Original message
6. I have a statement signed by 1,000,000,000,000,000 honorable Americans
Edited on Mon Jun-14-10 08:16 AM by SpiralHawk
declaring that Chickenhawk Boehner and his FatCat Orange Homelanders should cease their wide-stance, diaper-clad, luggage-handling, faux bondage, borrow-and-spend hypocrisy and STFU.

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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:37 AM
Response to Original message
8. Yeah, pull a Hoover and turn a depression into a Great Depression
Business confidence among UK firms has seen its biggest drop since 1995 due to the government's rhetoric on spending cuts, a survey suggests.

The Business Trends survey from accountants BDO fell to 97 in May from 103.3 the previous month - the largest drop since the survey began.

BDO said economic growth forecasts for this year and next now need to be revised down sharply.
...

"The government has understandably been keen to emphasise the extent of the sacrifices that we all will need to make as public borrowing it brought under control," said Peter Hemington, partner with the firm.

"But there is a significant risk that the rhetoric has begun to impact on business confidence, and fears of the economic impact of spending cuts.
...

Many economists also believe that the previous chancellor, Alistair Darling, was too optimistic in his growth forecasts.

However, recent government pronouncements on the need to make drastic cuts, BDO says, could lead to even lower growth...

http://news.bbc.co.uk/2/hi/business/10304797.stm

Krugman's been saying anyone who thinks it's not too early for austerity is nuts. He points out the disconnect between financial reporting on what's going in Ireland and Spain and what's REALLY happening to show how untethered from reality these guys are:

http://krugman.blogs.nytimes.com/2010/06/13/does-fiscal-austerity-reassure-markets/?src=twt&twt=NytimesKrugman
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 08:42 AM
Response to Original message
9. Bernake just testified last week: The recovery is NOT strong enough
yet to start cutting taxes. Yes Bernanke indicated the deficit
is not sustainable. Timing is everything. We must wait
for the economy to get a little stronger before we start
actual work on the deficit. He did strongly suggest that
they (Congress) start working On A Plan for reducing the
deficit.

Boehner shows the GOP have not learned one thing. Still
wanting to overreach and put us back in the ditch.
Sure, he can find RW Economists I am sure.
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izzybeans Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 09:24 AM
Response to Original message
10. King Banaian was an activist scholar shilling for the Coleman campaign during
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izzybeans Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 09:28 AM
Response to Original message
11. The number of subscriptions to the American Economics Association
is over 15,000. Half of them academics, the other half applied economists working for business and government. So getting 100 people to sign on here is equivalent to a similar numbers willing to claim the earth is flat.
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 09:37 AM
Response to Original message
12. H Glenn Hubbard. Bush Economic Advisor.
You think he would have told his old boss that?

And a few economists from The Hoover Institute.
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 09:38 AM
Response to Original message
13. I've got a letter from Dick Cheney who said "deficits don't matter".
Reagan proved that, after all.
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prolesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 10:40 AM
Response to Original message
15. Why do they hate Americans?
They seem willing to destroy the country and its citizens just to defeat Obama and reclaim power. I'm sure the Dems could find way more than 100 economists that would say the opposite. For example, many agree that Japan's lingering problems are a result from its failure to spend MORE money to stimulate the economy.
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librechik Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 10:42 AM
Response to Original message
16. Historically these GOP lists always include dead people and folks who never saw the letter
Unfortunately, by the time the factcheckers come along to rebut him, his point has long been made to the adoring choir.
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PufPuf23 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-14-10 11:10 AM
Response to Original message
17. There is not a single name I recognize nor anyone from a top
academic program. For example Cal State University what? The Cal State University system in not the University of California (Berkeley, UCLA, et al) but a lower tiered system that does not grant PhDs. This is akin to a "Troofer" list.

I have a BS degree that required 2 years of economics and an MBA from a top ten Business School and one of the most famous universities in the world. One of my MBA committee members was head of a District Fed and is now on Obama's Council of Economic Advisors. I have studied under several Nobel Prize winners in academia.

I was a PhD candidate and TA/RA in Natural Resources Economics at another major university (quit to return to home state when my father passed away for family reasons eg at home hospice caregiver and Estate Executor). I have been published and given professional presentations on specific economic topics.

I testified before Congressional committees several times as an economist (and ecologist/forester)in the 1990s over the impacts of the endangered species listing of the Northern Spotted Owl.

I support more stimulus and to the bottom rather than the top (Keynesian). IMHO monies and investment should go into infrastructure, basic research, emerging technologies, raise in minimum wage, and the social safety net plus lots of breaking up of the "too big to fail" and reduction in military spending.
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