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Monday, September 27, 2010

60% of Economists: Extend Bush Tax Cuts for Everyone

CNN, Economists: Extend Bush Tax Cuts for Everyone:

[A] majority of a panel of leading economists surveyed by CNNMoney.com said that the tax cuts should be renewed for everyone.

CNN 

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Comments

Bullshit.

"60% of economists" implies a poll of a large number of economists. This was a a poll of a panel of economists assembled by CNN. No information is given as to how or why those particular 31 economists were selected. On its face, there is no reason to think that any 31 economists represent an adequate sample of economic thought.

In fact, 28 of the 31 economists are from business and finance companies or trade groups. There are three academic economists, from the illustrious institutions of Cal State Channel Islands, Point Loma Nazarene University, and University of Central Florida.

Posted by: Anonymous | Sep 27, 2010 1:46:41 PM

Stop this "extension" nonsense. Make the damn cuts permanent.

Posted by: Bill | Sep 27, 2010 2:19:48 PM

But no doubt anonymous would shove climate change down our through based upon "consensus."

Posted by: rrr | Sep 27, 2010 2:27:35 PM

No worse "bullshit" than the AGW scam.

Posted by: JorgXMcKie | Sep 27, 2010 2:29:11 PM

The question is whether they will increase taxes or not. There is no real talk of tax cuts.

Posted by: JimmyNashville | Sep 27, 2010 2:30:55 PM

I'm sure the 60% will never meet Obama, so this way he can still say "Every economist I talk to says extending all the Bush tax cuts is a bad idea".

This poll is even more positive for the tax cuts than the headline indicates since it wasn't presented as a yes or no choice on extending the tax cuts, but rather a multiple choice on "What Congress Should Do".

Posted by: James | Sep 27, 2010 2:46:11 PM

STOP CALLING THEM TAX CUTS. They are tax RATES. The "tax cut" language is deliberately mis-used by progressives to foment the us vs. them mentality, and unfortunately a lot of the conservative and non-partisan commentary have used the same lingo. Don't fall for it.

Posted by: Jiminator | Sep 27, 2010 3:18:46 PM

If Anonymous is concerned about possible conservative political leanings of the selected economists, he should take solace in knowing that CNN picked them.

Posted by: Woody | Sep 28, 2010 9:47:56 AM

Tax increases and creeping Smoot Hawley type protectionism.

History leaves clues. Our politicians don't listen.

Billionaire Wilber Ross per Bloomberg.

An upward revaluation of China’s yuan against the dollar wouldn’t create any new jobs in the U.S., said Ross.

“Those jobs are gone,” he said. “‘The only question is, do they stay in China or do they migrate to Indonesia, Malaysia, Thailand or Vietnam? It’s total political nonsense, all the China bashing.”

Posted by: Army of Davids | Sep 28, 2010 9:50:31 AM

I think we should extend the tax cuts to everyone- we should make the rich 1% which own 40% own even more maybe 80% of all wealth- why should rich people have to pay estate taxes- why should they pay any taxes at all! exempt from tax people worth more than 3.5 Million-it will stimulate the economy.
Only the poor should pay taxes.....

Posted by: Nick Paleveda MBA J.D. LL.M | Sep 28, 2010 12:41:13 PM