For Bush, a Blast from the Ivory Tower

[muchacho]

A B-school professors' letter flunks the President on economic smarts. An added sting: It began at Harvard, his alma mater

George Bush, America's first President with an MBA, has been slapped on the knuckles by 169 concerned business-school professors. In an open letter sent on Oct. 4, the senior business and economics professors say Bush's economic policies are taking the country in the wrong direction. The academics, including two Nobel laureates, are especially critical of the budget deficit, which this year is projected to come in at more than $400 billion.

The unkindest cut of all: The idea for the letter began in the faculty offices of Harvard Business School, where Bush earned his diploma in 1975. The architects were Harvard professors of a required, first-year MBA course called Business, Government and the International Economy, which teaches the ins and outs of responsible fiscal and monetary policies and the ways in which politicians' decisions can impact society.

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http://www.businessweek.com/bwdaily/dnflash/oct2004/nf2004108_4276_db016.htm