368 US economists against Kerrynomics

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Bush-Cheney '04 today announced 368 of the nation's leading economists from 44 states have signed an economic statement denouncing John Kerry's economic proposals. The group boasts six Nobel laureates, including recent winner and Professor of Economics at Arizona State University Edward C. Prescott, as well as six former chairs of the President's Council of Economic Advisers. America 's economists recognize that President Bush's pro-growth policies and across-the-board tax relief are the right policies for sustained growth – and they are urging voters not to turn back with John Kerry's tax and spend agenda.

Glenn Hubbard, Dean of the Columbia University Business School and former Chairman of the President's Council of Economic Advisers, said: "Ideas and response to events are the tests of economic leadership. President Bush's focus on raising long-term growth using well-timed tax cuts, opening markets, and seeking to limit regulatory and litigation costs has furthered the global economic expansion. The administration's leadership in the War on Terror, the management of terrorism risk, and restoring investor confidence also limited potentially damaging downturns of confidence. Senator Kerry's recipe of limiting job creation by raising tax rates on entrepreneurs and our most successful global companies, while radically expanding the size and scope of government will limit future economic growth and lead to increasingly grim fiscal choices."


The list of signees includes 6 Nobel Prize Laureates: Gary Becker, James Buchanan, Milton Friedman, Robert Lucas, Robert Mundell, and Edward C. Prescott (winner of this year's Nobel in Economics)