Obama Better For Economy, Workers And Economists Agree

Discussion in 'Politics' started by Free Thinker, Oct 3, 2012.

  1. Workers and economists agree: President Obama is more likely to help the economy than Republican nominee Mitt Romney.

    Economists gave Obama's economic plan an average grade of 3.15 on a five-point scale: nearly 50 percent higher than their 2.14 grade of Romney's plan, according to a new survey by The Economist released on Wednesday. The Economist sent its survey to 1,005 economists, and 384 responded.

    About half of the economists surveyed said that Obama understands economics better than Romney, in contrast to the 28 percent of respondents who believed that Romney had a better grasp of the discipline, according to The Economist. In addition, the number of economists that said the economy would grow more quickly under Obama was nearly double the number that said it would grow more quickly under Romney.

  2. Too bad the choices are so abysmal.

    Bush and Obama -- dumb and dumber.

    Obama and Romney -- dumber and dumberer.

    Politics has reached a point where nobody competent wants the job.

    The economists gave Obama a "C" and Romney a "D." Not much of a choice.

    Time to move to Australia.
  3. I spy Nobel peace prize.....
  4. JamesL


    Economists reluctantly pick Romney

    NEW YORK (CNNMoney) -- Economists think Republican presidential candidate Mitt Romney would be better for the economy than President Obama. But they're not very enthusiastic about either of them.

    Nine of 17 top economists surveyed by CNNMoney picked Romney when asked whose election would help the economy grow more. Only three picked Obama.

    But the remaining five made no pick, with several suggesting neither would provide much of a lift to the sagging economy.

    "Obama doesn't really understand business and Romney doesn't really understand how to govern. So pick your poison," said Gary Rosenberger of EconoPlay, one of those surveyed who refused to give a pick.

    And many of those picking Romney were more critical of, as opposed to excited about, the Republican challenger's plans.

    "Romney's policies would likely be less bad for the economy than Obama's," said Bill Watkins, executive director of the Center for Economic Research and Forecasting at Cal Lutheran

    University."Romney's policies would likely be less bad for the economy than Obama's," said Bill Watkins, executive director of the Center for Economic Research and Forecasting at Cal Lutheran University.

    Several of the economists who thought Romney would be better for the economy pointed out what they thought were flaws in Obama's record. These economists felt there is too much regulatory uncertainty hanging over businesses and that gridlock between the White House and Republicans in Congress also is a drag on hiring and growth.

    "Romney might be more likely to get Congress to do something, whereas Obama has shown he can't," said David Wyss, a fellow at Brown University.

    Allen Sinai of Decision Economics gave the Republican challenger the most enthusiastic support of those surveyed, saying Romney's calls for "cutting growth of government outlays, lowering tax rates and closing loopholes, less regulatory uncertainty ...smaller government and entitlement reform all must be tackled."

  5. Max E.

    Max E.

    LOL this is the same so called economics magazine that thinks Cap and Trade is actually good for the economy..... Why dont you ask TMZ for their economic opinion next time?
  6. Mav88


    only 1/3 responded, and Obama understands economics? you gotta be shitting me. Obama the empty suit doesn't know crap about much of anything except where to get the best hooch.

    free thinker, you once again show you are a just another adherent to the leftist religion, a shill thinker

    there is one thing almost all agree on- cutting medical entitlements, at a time when Obama just raised them. They are the single greatest threat and there is no way liberals will cut them

  7. jem


    we have a community organizer presiding over a anemic recovery vs a very successful hedge fund manager.

    Any economist who picked Obama is obviously a nut job.
  8. who has been the best president for the markets ever? who has been the best president for corporate profits?
  9. Max E.

    Max E.

    If thats where you set your goal post the choice should be obvious.


    But then you also have to ask Who was the best candidate for Inflation......
  10. Ricter


    Cap and trade is a form of free-market regulation with a successful track record for other externalities. What was that you were just saying about regulation?
    #10     Oct 4, 2012