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COLUMNISTS
TODAY'S STORIES
10.10.2008
McCain's Not Very Big Guns

In a post entitled "The Booming of the Big Guns," Peter Robinson boasts that the McCain campaign has gotten "100 economists" to sign a statement warning of the grave effects of Barack Obama's economic program.

This statement strikes me as far less devastating than Robinson makes it out to be. First, 100 economists is not actually all that many, given the number of economists in our country. Second, the list of signatories actually has only 90 economists on it. (Count for yourself.) This trouble with basic arithmetic might explain the McCain campaign's stated beliefs in such fallacies as tax hikes always cause revenues to fall.

Was the campaign unable to find 100 economists? The list certainly does not suggest excessive discrimination about credentials. It's heavily larded with GOP apparatchiks now residing in the right-wing think tank world (my favorite is "economist" George Schultz of the Hoover Institution), as well as two signatories who list their affiliation as "McCain-Palin 2008." The takeaway here is that, even with the most generous standards, the campaign couldn't find 100 economists in the country to badmouth Obama's proposals, let alone endorse their own.

Update: A survey of academic economists by The Economist finds overwhelming preference for Obama's platform.

--Jonathan Chait

Posted: Friday, October 10, 2008 2:34 PM with 14 comment(s)

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tomeg said:

Economists?!??? To borrow the joke about lawyers, "What do you call a hundred dead economists?" Answer: "A good start."

This is sooooo lame it hurts.

October 10, 2008 3:11 PM

tomeg said:

This is the latest sign of total loss of command and control at the top of the campaign, not to mention voice. Schmidt and Davis are clearly not in charge any longer and it's everybody for h(im)erself. They asked for it, now they've got it.

October 10, 2008 3:20 PM

Wandreycer1 said:

Just the fact that there is only 90 is hilarious - a total parody of mentally and emotionally retarded Republicans.

October 10, 2008 3:39 PM

eweiss said:

i don't know squat about economics, but isn't this like finding 100 doctors who will tell you that another doctor's treatment of a dead patient will probably kill him? ruin the economy? are they serious?

October 10, 2008 3:51 PM

Nippers said:

McCainonomics: 50 + 50 = 90

But let's be fair. These days a 10% loss ain't too shabby.

October 10, 2008 4:02 PM

dabeffert said:

Jonathan: not only did the Economist find that, but Scott Adams found the same thing: www.cnn.com/.../dilbert.economy

Also, let's not forget at least 61 Nobel winners in science have endorsed Obama:

sefora.org/.../61-nobel-laureates-in-science-endorse-obama

October 10, 2008 4:03 PM

maybe said:

What tomeg said. McCain makes history by running the first totally deregulated Presidential campaign.  Every flack for himself!

October 10, 2008 4:15 PM

michael said:

I may have seen too many episodes of Criminal Minds. Schmidt and Davis remind me of the dominant-submissive combos who go on a spree. One gets his rocks off while he pulls the strings of the weak dude who does the messy work. Yeah, I think Rick will do anything Schmidt imagines and the bully doesn't need to ask twice. I figure Salter made the simple calculation that staying with a losing ticket is a wiser investment than leaving it. Better to write a book or five more of lies with John than tell the truth on his own and that is his last. He may think he can spill the beans if John loses and they'll dump on the two oddballs.

But this radical shift to class politics is not about McCain winning...the hope is they can conserve the down ticket from being liquidated even if that is at cross purposes with helping John in the final weeks. Most of the remaining cash is not McCain's and the RNC's intent is being guided by the same mob who voted against the first bailout bill. Did they listen to, support or invest in McCain's success when he flew in to DC? Even if all politics is not local, there are more paychecks that rely on a message that may hurt McCain. They ask a question: "Is it OK for me to win if John loses?" The answer is, "OK, bring on the hate if it sells in my district."

I was never convinced that McCain didn't make a bad bargain to get the the money he needed if it meant taking on Davis and Schmidt. He sold more than his soul and didn't get much cash in return. They were only loaned to him and they'd never be loyal to a guy on his last run if the going got tough. The current story in TNR about bringing Nicole Wallace to meet Palin was also creepy. Another indication this campaign isn't about McCain and it's too late for him to do anything about it. He traded control for a few pieces of silver.

October 10, 2008 4:17 PM

liebig said:

Wait -- isn't "Famous Person" an economist?

October 10, 2008 4:23 PM

Lyn39 said:

I would prefer to read an article about McCain's Not Very Big Balls.

October 10, 2008 4:29 PM

GSpinks said:

This line from the conclusion is absolutely precious: “The minimum rating of one severely overestimates the quality of Bush’s economic policies,” says one non-aligned economist.

October 10, 2008 5:37 PM

stgla said:

It's lame that they list 90 and call it 100, but many of the people on the list are real economists.  Doug Holtz-Eakin despite being listed as McCain-Palin '08 is a real academic economist, or was one before he became CBO director.  Tomas Philipson is missing.  He is advising McCain on health care, so why would he not sign the document?  There are plenty of other right-leaning academic economists who are conspicuously absent.  It makes you wonder why they couldn't round up 10 more. It's like Alice Palmer not getting enough signatures to keep herself on the ballot for state Senate to prevent Barack Obama from getting elected to his first office.

October 10, 2008 5:37 PM

wellman said:

Sure he's gone on to other things, but George Shultz has quite a body of credentials as an economist.

www.hoover.org/.../shultz.html

October 10, 2008 8:01 PM

Political Animal said:

ECONOMISTS.... Yesterday was not a good day for the McCain campaign went it came to professional economists. First, the campaign released a statement blasting Barack Obama's economic program, signed, ostensibly, by "100 economists." Then someone counted

October 11, 2008 4:45 PM