Fw: 729 Economists and Professors Speak out about our economy

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Thursday, October 07, 2004 6:12 PM

729 Economists and Professors Speak out about our economy

 

 

Economists Speak Out

 

October 06, 2004

 

 

 

Call it Economists Speak Out Day , if you will. Today, a total of 729 men

and women with a lot of knowledge about fiscal matters blasted President Bush

and his policies in two separate letters. The first, an open letter signed by

169 tenured professors of business and economics, decried how every major

economic indicator has taken a nosedive since the Bush administration took the

reins. The professors hammer home the point that the tax cuts did not work, and

argue that the income inequality inherant in a free-market scheme has been taken

to an extreme. SEE LETTER #1 The second letter, signed by 560 economists,

including several former Nobel Laureates, calls for an increase in the minimum

wage-which hasn't gone up in seven years. They propose a moderate increase to

ease workers' hardships without incurring serious averse effects like increasing

unemployment. SEE LETTER #2