Friday, June 6, 2008

Can You Know an Economist By The Redistributionist Commies He Supports For President?

The following is a list compiled by Economists for Obama, of Obama supporters:

Economic policy advisors:

Austan Goolsbee (chief advisor), University of Chicago tax policy expert
Karen Kornbluh (policy director)
Jeff Liebman, Harvard welfare expert
David Cutler, Harvard health policy expert
Michael Froman, Citigroup executive
David Romer, Berkeley macroeconomist
Christina Romer, Berkeley economic historian
Richard Thaler, University of Chicago behavioral finance expert

Other economists who support Obama:

Paul Volcker, Chairman of the Federal Reserve 1979-1987
Brad Delong, Berkeley macroeconomist
Joseph Stiglitz, 2001 Nobel laureate
Edmund Phelps, 2006 Nobel laureate
Ray Fair, Yale macroeconomist

Prominent finance people who support Obama:

(not technically economists)
William Donaldson, Securities and Exchange Commission (SEC) Chair 2003-05
Arthur Levitt, SEC chair 1993-2001
David Ruder, SEC chair 1987-1989

The heavy Berkeley influence doesn’t come as any surprise, but what is a Citigroup exec doing on the list? Et tu, Paul Volcker?

Tons of SEC chairmen are big Obama supporters. SEC chairmen who have increased securities regulation from chairman to chairman but never managed to nip an Enron or a housing securitization crisis,before they exploded into national crises.Strikes me a lot as to what an Obama Administration might look like: Lots of regulation and no success at solving any problems.

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