BBC NEWS | Business | Nobel winners attack Bush economics 7 February, 2003 Ten Nobel prize winning economists have attacked President George W Bush's tax cutting policies. ..... the combination of cutting taxes and increasing spending will mean that the US is set to notch up record budget deficits greater than those run-up by his father more than 10 years ago. ...... "Regardless of how one views the specifics of the Bush plan, there is wide agreement that its purpose is a permanent change in the tax structure and not the creation of jobs and growth in the near term," the economists said in a statement published by the Economic Policy Institute. ...... Nobel economic laureates Joseph Stiglitz, Franco Modigliani and Lawrence Klein reserved much of their scorn for the proposal to cut the tax on share dividend payouts. ..... "The permanent dividend tax cut, in particular, is not credible as a short-term stimulus," the statement said. ..... "Moreover, the proposed tax cuts will generate further inequalities in after-tax income," it said. .... The statement, which has been signed by almost 400 economists ..... "To be effective, a stimulus plan should rely on immediate but temporary spending and tax measures to expand demand and it should also rely on immediate but temporary incentives for investment," they said. .... The seven other Nobel winners who signed the statement were George Akerlof, Kenneth Arrow, Daniel McFadden, Paul Samuelson, Robert Solow, Douglass North and William Sharpe.
Stiglitz attacks 'fiscal madness' Bush's plans were "fiscal madness, fiscal irresponsibility". ... Bush could spend less than a sixth of what he is planning to on stimulating the economy .... "So rather than spending $600bn on the tax proposal that Bush has, the kind of proposals I'm talking about would cost under $100bn and deliver enormous amounts, directly and in the short run, without delivering huge long-run deficits." ..... Formerly a senior figure in both the World Bank and the International Monetary Fund, he stepped down in order to criticise both agencies, and the US too, for their policies towards the developing world. ..... the package Mr Bush is pushing would make things worse by stocking up massive deficits for the future. .... "You should get money out to people who will spend it and spend it quickly," he said.
Obama's Cuba Stand Breaks Rank Washington Post want to see ailing Fidel Castro's communist government fall ..... Clinton, the New York senator and Democratic front-runner, issued a statement reiterating her support for the current policy toward Cuba ...... Joe Biden also supports the status quo. ...... Bill Richardson has also called for an end to the travel and money restrictions for Cuban-Americans .... Chris Dodd has said he would lift all travel restrictions .... Dennis Kucinich supports scrapping the embargo. ..... "We must not weaken our policy on Cuba until the Castro regime is dismantled, all political prisoners are freed and Cuba transitions to free and fair elections," Romney said. ....... Obama's position is in line with what many academics have long tried to tell Washington.
Hillary's unthinking stand on Cuba and reluctance to go beyond the same old, same old is proof she is Bush-Cheney Lite on foreign policy. She walked lockstep with them for the war on Iraq. And she is lockstep with them on Cuba.
The best way to bring about positive change in Cuba is by engaging that little country in all ways possible. There should be a frontal assault of total engagement. At all levels possible. Engage in total trade. Engage in total people to people exchange. Have President Obama hold a summit meeting with Fidel Castro where Obama publicly asks Fidel to release the 75 dissidents in jail.
Cuba will likely evolve into a multiparty democracy of state funded parties that keeps its wonderful education and health policies. Cuba should not have to collapse first and then try and start imitating America and fail, and upon succeeding then realize Americans are trying to have publicly financed elections. The road to becoming a democracy of publicly financed elections for Cuba does not go through America. America does not do it right.
Even if the idea is to bring Fidel down, the policy that has been in place for half a century has clearly not worked. Fidel saw Eisenhower. Fidel saw Kennedy come and go. He saw LBJ. He saw Nixon come and go. Fidel saw Ford, Carter. He saw Reagan, he saw Bush. He saw Clinton. He has seen Bush return. He will see Hillary come and go and he will still be there if the same US policy is followed.
Hillary is so clearly wrong on several levels at once.
Obama is right. And he is not even thinking of the primary election in taking this clear stand. Most Cubans in Florida I hear are Republican. But what is right is right, and it has to be said.
Obama is at work to build a grand majority. He is on his way.
In The News
Obama's Cuba Stand Breaks Rank Washington Post want to see ailing Fidel Castro's communist government fall ..... Clinton, the New York senator and Democratic front-runner, issued a statement reiterating her support for the current policy toward Cuba ...... Joe Biden also supports the status quo. ...... Bill Richardson has also called for an end to the travel and money restrictions for Cuban-Americans .... Chris Dodd has said he would lift all travel restrictions .... Dennis Kucinich supports scrapping the embargo. ..... "We must not weaken our policy on Cuba until the Castro regime is dismantled, all political prisoners are freed and Cuba transitions to free and fair elections," Romney said. ....... Obama's position is in line with what many academics have long tried to tell Washington.
Clinton and Obama: a slight shift in tone on Iraq? Boston Globe "if we put an additional 30,000 of our troops ... into Baghdad, that's going to quell some of the violence short-term. I don't think there's ever been any doubt about that." Yet there is still no military solution to the problems in Iraq, he added. Obama: No military solution in Iraq Boston Herald "All of our top military commanders recognize that there is no military solution in Iraq ..... I have pushed for a careful and responsible redeployment of troops engaged in combat operations out of Iraq, joined with direct and sustained diplomacy in the region." ...... Fred Thompson said the U.S. must rebuild its military to fight global terrorism because leaders "took a holiday" in the 1990s after the end of the Cold War.
Could Obama Pull Off His 30 Percent Solution? Washington Post, United States he has suggested in the past that African-Americans will strongly back one of their own, much as Clinton's campaign has argued the same about women and Edwards of Southerners.
Bushies Game Obama's Chances CBS News, NY it seems that some of the president's political advisers are catching Obama-mania. ...... one Bush adviser who accurately predicted Bill Clinton would emerge from a crowded 1992 field put the odds at near even that Obama would eke out a victory. ..... Obama has to prove that "he can walk over hot coals, because that's what it's going to take."
Congress's lone Iraq war vet backs Obama Boston Globe, United States
Would Obama Meet With Castro? Atlantic Online "Without preconditions" does not mean without prior assumptions or bargaining positions; it does not mean a tabula rasa.
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Our Main Goal: Freedom In Cuba by Barack Obama in Miami Herald When my father was a young man living in Kenya, the freedom and opportunity of the United States exerted such a powerful draw that he moved halfway around the world to pursue his dreams here. My father's story is not unique. The same has been true for tens of millions of people, from every continent -- including for the many Cubans who have come and made their lives here since the start of Fidel Castro's dictatorship almost 50 years ago. ....... just 90 miles from our shores ... a government that clings to discredited ideology and authoritarian control. ..... help the Cuban people become less dependent on the Castro regime in fundamental ways ....... seeing Cuba join the roster of stable and economically vibrant democracies in the Western Hemisphere .... the Castro regime's deplorable March 2003 jailing of 75 of Cuba's most prominent and courageous dissidents ....... an unfortunate fact that his departure by no means guarantees the arrival of freedom on the island. ...... I will use aggressive and principled diplomacy to send an important message ...... those ideals will have as transformative effect on Cubans today as they did on my father more than 50 years ago.
New Romney Ad Targets Illegal Migrants
2008: Obama Speaks New York Times a lengthy interview and a series of stories out today, a speech planned for this afternoon and an Op-ed in a major newspaper ...... “calling for ‘unrestricted rights’ for Cuban Americans to visit and send money to family in Cuba.” ....... “Michigan is poised to move its presidential primaries to Jan. 15 or earlier, becoming the latest state to leapfrog to the front of the voting calendar in the ongoing battle for relevance in choosing the next White House occupant.”
Obama pushes for 'serious policy,' not 'posturing' on Cuba
Obama on ‘Obama Girl’
Rove Keeps Up Heat On Clinton Guardian Unlimited ``She enters the general election campaign with the highest negatives of any candidate in the history of the Gallup poll,'' Rove said. ..... Asked whether he was attacking Clinton because the GOP feared Obama, Rove replied: ``I read that in the LA Times this morning. Those, those guys out in LA have got to get clued in. I mean, come on.'' ..... Rove said the GOP's chances in 2008 may be helped by the high negative ratings for Clinton and for the Democratic-led Congress. Congress' approval in an Associated Press-Ipsos poll this month stood at 25 percent, compared with 35 percent for Bush. ..... Rove said he talked to Novak about Plame, but said he did not confirm that she worked for the CIA - only that he, too, had heard that she did. .... ``Is the Republican Party a little bit behind the curve? You bet,'' he said.
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