Arnie Sherr: Pinch me, I must be dreaming

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“Pinch me; I must be dreaming”

Who advises the Republican minority on economic matters?

By Arnie Sherr

The List: Obama's Economists from BlogSpot.com

Below is an extensive list of President Obama’s impressive economic advisors. For each there are links that will open for you their experience, qualifications and more. I bring this to you simply to illustrate a point or better said; a challenge of an overt display of ignorance. I’ll continue at the bottom of this list assuming you’ve the patience and fortitude to thoroughly examine each of the economists below.

• Austan Goolsbee (senior economic policy advisor), University of Chicago tax policy expert source Wikipedia website
  
• Jason Furman (director of economic policy) source bio
  
• Karen Kornbluh (policy director) source bio Wikipedia
  
• David Cutler, Harvard health policy expert source Wikipedia website
  
• Jeff Liebman, Harvard welfare expert source Wikipedia website
  
• Michael Froman, Citigroup executive source bio
  
• Daniel Tarullo, Georgetown law professor source bio
  
• David Romer, Berkeley macroeconomist source website
  
• Christina Romer, Berkeley economic historian source website
  
• Richard Thaler, University of Chicago behavioral finance expert source Wikipedia
  
• Robert Rubin, former Treasury Secretary source Wikipedia bio
  
• Larry Summers, former Treasury Secretary source Wikipedia bio
  
• Alan Blinder, former Vice-chairman of the Federal Reserve source Wikipedia bio website
  
• Jared Bernstein, Economic Policy Institute labor economist source bio
  
• James Galbraith, University of Texas macroeconomist source Wikipedia website
  
• Paul Volcker, Chairman of the Federal Reserve 1979-1987 source Wikipedia
  
• Laura Tyson, Berkeley international economist, Bill Clinton economic adviser source Wikipedia
  
• Robert Reich, Berkeley public policy professor, former Secretary of Labor source Wikipedia weblog
  
• Peter Henry, Stanford international economist source website
  
• Gene Sperling, former White House economic adviser source Wikipedia
  
• Heidi Hartmann, President, Institute for Women's Policy Research website

Other prominent economists who support Obama:

• Brad Delong, Berkeley macroeconomist source Wikipedia website weblog
  
• Joseph Stiglitz, 2001 Nobel laureate source Wikipedia
  
• Edmund Phelps, 2006 Nobel laureate source Wikipedia
  
• Ray Fair, Yale macroeconomist source Wikipedia
  
• Dan McFadden, 2000 Nobel laureate source website
  
• Robert Solow, 1987 Nobel laureate source Wikipedia

Prominent finance people who support Obama:
(not actually economists)

• William Donaldson, Securities and Exchange Commission (SEC) Chair 2003-05 source Wikipedia
  
• Arthur Levitt, SEC chair 1993-2001 source Wikipedia
  
• David Ruder, SEC chair 1987-1989 source Wikipedia
  
• Warren Buffet, investor, richest person in world source Wikipedia

Hopefully you’ve, at least, looked into more than few of the listed bios; if not, then I assume you as do many rational Americans believe they are the elite where economic issues are concerned. Especially when they who “never forget a face,” portray themselves as more economically attuned than those who inhabit the above listing of economic academia.  I am miffed!       

I am aware many haven’t the time as do I to tune in CSpan and CSpan-II to witness a variety of speeches subjected on the President’s hurried economic plan. I’ll go on the record as saying that both ideologies are portrayed by some as inappropriate and virtually ignorant of the task at hand. Having said that, it is well to note the Democratic side of the isle overwhelmingly supported the Presidents economic plan. The plan was criticized from a thousand angles, mostly propagandized by the republican right. But, that’s okay; it is how business is done in Washington. Then, of what do I find objection? I listened to numerous Senators and House reps. speak of too much spending a not enough tax cuts; all well and except for one thing.  They are for the most part Lawyers, not economists. They speak not for the good of Main Street but to perpetrate the same divide that has put us where we are today, partisanism. It’s not what’s right; it is merely a matter of degrading the opposition regardless of the price.     Not wishing to sound anti-republican I state emphatically, if a republican president would be presenting a similar plan the Democrats would do not different.

When in God’s name will this immature bickering cease? The Constitution (our Founders) called for a representative Government. It was not then and is not now the plan that Americans make a career of being Senators and Congresspersons. Realistically, Joe the Plumber should be able to run for the Senate or the House. There should be two year terms so Special Interest groups can not become so connected.

I don’t know if Obama’s plan will work or not; in fact, the economists can’t be certain either. But, if I have to support those who know it shall be the impressive list of economists that Obama has consulted in constructing his plan; not the ravings of 635 mad political economist wannabes.  Last week while watching the Senate debate the plan, I actually heard Senator John Cornyn (R-TX) say, “I think we should do nothing.” Is he serious? Remember, of course, Senator Cornyn couldn’t find his way to Main Street with a GPS.  These guys and gals, for the most are Lawyers, yet they think they know better than 31 of the most renowned economists in the world.

Pinch me; I must be dreaming!!!