Typical idiot response. As I said before, I don't get Fox News at all. Just another lame leftist quip.
Beyond that, I only see one respectable economist, namely Dean Baker.
Lawrence Summer is a screwball. He worked for Bill Clinton. Worked with Enron and Kenneth Lay. Worked for the World bank (wonder why he supported bank bailouts?).
Then there's Paul Krugman. Here's a winner. A self described liberal. Here's a guy that actually tried to claim the reason for Asian economic growth, wasn't because of capitalism, but rather, increased work force. Right....
So bad is his reputation, that even the Economist Magazine noted this about him:
A glance through his past columns reveals a growing tendency to attribute all the world's ills to George Bush…Even his economics is sometimes stretched…Overall, the effect is to give lay readers the illusion that Mr Krugman's perfectly respectable personal political beliefs can somehow be derived empirically from economic theory.
In other words, he morphs his economic theories to fit, and validate, his political views. In plain terms... he's a hack.
Not to mention that he didn't just advise, but worked for and collected a consulting fee for working on the Enron advisory board. He did a bang up job it seems.
So to recap, you have 1 economist.. Dean Baker, compared to the roughly 100 plus names on the signed letter against Overspend-Obama plan.
I'm not seeing this wide support for the plan.