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Wednesday, October 06, 2004

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 Professors of economics and business to Bush: Your policies stink

Maxspeak has reprinted an open letter to the president from dozens of university professors of business and economics. It is scathing:
As professors of economics and business, we are concerned that U.S. economic policy has taken a dangerous turn under your stewardship. Nearly every major economic indicator has deteriorated since you took office in January 2001. Real GDP growth during your term is the lowest of any presidential term in recent memory. Total non-farm employment has contracted and the unemployment rate has increased. Bankruptcies are up sharply, as is our dependence on foreign capital to finance an exploding current account deficit. All three major stock indexes are lower now than at the time of your inauguration. The percentage of Americans in poverty has increased, real median income has declined, and income inequality has grown.
The list of signers is impressive, with all of the best schools are represented: Harvard, MIT, Wharton, Darden and more. Check it out.

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