William K. Black – The Effort to Claim That Economists Support Obama’s Capitulation on Tax Cuts for the Wealthy
From The Huffington Post:
You know the administration is desperate when it creates a web page citing economists who support its capitulation on taxes.
The web page cites the support of five economists. Peter Cardillo, the Bank of America, Greg Mankiw, and Wells Fargo (are the second through fifth economists on Obama’s list). Who are these supporters and why is the administration proud of their support? Cardillo is an economist for an investment firm, Avalon Partners. Avalon’s web site states that it specializes in “wealth management” for “affluent investors…to meet the unique needs of high net worth individuals….” Yes, the wealthiest one-hundredth of one percent of Americans — the truly, uniquely needy.