Wednesday, August 25, 2004

Kerry Wins Backing from Nobel Economics Laureates

This is what I'm talking about!

I was at a store today with my mom and she complimented an employee's outfit. The woman replied with a smile, "Well it's one job to the next." That struck me as being very poignant. I've been living life thinking about what I want to do for a living in the future and here's someone thinking about how many jobs she needs to work to support her family.

From Reuters via
PHILADELPHIA - John Kerry won the endorsement of 10 Nobel Prize-winning economists on 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.


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