Economists Reluctantly Pick Romney

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Economists Reluctantly Pick RomneyBy Chris Isidore

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.

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."

But those who picked Obama are hoping things will be different if the president wins a second term. Obama could be in a better position to enact reforms on entitlement spending and reach a deal on deficit reduction than Romney, according to one economist.

"It's the Nixon-to-China syndrome -- only a Democrat can get away with it," said Bill Cheney, chief economist at Manulife Asset Management. M

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Gumby

The filthy rich is clearly displaying a big fat middle finger at America as whole! Simple as that! Whatever their reasons, they hid over half of their incomes overseas.. To add to the insult, the rich call our government too big for its own crotch!! you sure you still want to vote for Mitt and Paul ?

October 03 2012 at 3:39 PM Report abuse +1 rate up rate down Reply
dus48

just want some honesty.the entire media is so bias.that it is very hard to decide what is fact and what is fiction.the people who serve this nation around the globe are not protected.our people in the military cannot vote a lot us might not be very technical savy but we do understand when we are not being told the truth.

October 02 2012 at 2:32 PM Report abuse +3 rate up rate down Reply
dus48

my comments are not being posted.

October 02 2012 at 2:25 PM Report abuse rate up rate down Reply
Tom

Who wrote this headline? - - - - Obama?

October 02 2012 at 1:43 PM Report abuse +1 rate up rate down Reply
l.grenie

Read face book .
And i will give you a few facts on the ROMNEY PLAN.
Just for Starters.
Hes going to cut Social security , WHY, because more jobs will be shiped over seas ,
Less jobs in the U,S , no one paying in to the system he,s going to eliminate, And wall you are working he will be controling your lives , To see over all aspect of goverment.
IS this the new found freedom you want in this country,
And snuff out any kined of a recovery and if this would happen they would never change it, SLAVE,s OF THE RICH> THE POOR AND THE MIDDLE CLASS and soon all POOR No middle class.
So whos working to build a strong tax bace, Then cut it in half a gain ,
and what he takes a way, ITS not comming back,
He wants to turn this country in to a nother MIXIECOOOOOOOOOOOOOOOOOOOOOOOOOO,
Take a look how that countrys people live,
And he talks a bout how he will create jobs, Not in this country , And tax the poor and the middle class right to the grave,
As George Carlin put it,
The RICH, They don,t want a population of citizens capable of critical thinking-Well informed< Well educated
people capableof thinking critial thinking,

That dose not help them,
Thats against there intrest,
, They want Obedient workers.
People that are just smart enough to run the machines and do the paper work and just dumb to pasively acept all these increasingly low paying jobs with no benefits or reduced benifits.
No over time. And the vanising pension that dissapears as soon as you come to collect it.
And he did not crack a smile when he said this,
Call it the American dream , because you have to be asleep to belive it.The cap times March 16,2011

October 02 2012 at 11:07 AM Report abuse -1 rate up rate down Reply
ywilliamslpn

Obama is very smart its his agenda that scares me. it is all falling into place.another 4 years and our America will be gone

October 02 2012 at 10:34 AM Report abuse +2 rate up rate down Reply
Larry OKC

"Obama doesn't really understand business and Romney doesn't really understand how to govern. So pick your poison,"

There ya go. As the talkative one from Penn & Teller once said, "I believe that voting for the lesser of two evils in game theory will always leads to more evil..."

October 02 2012 at 10:18 AM Report abuse -2 rate up rate down Reply
Gail and Rich

This headline seems rather biased or at least not explained. Nine voted for Romney...three for Obama. Only one economist mentioned gave a mediocre reason.

October 02 2012 at 12:44 AM Report abuse +3 rate up rate down Reply
George

Economists endorsement of Romney? Its an endorsement Romney should decline.
Give them credit for predicting nine out of the last 5 recessions.
And NOT this one.

October 01 2012 at 10:23 PM Report abuse +2 rate up rate down Reply
thedukeoforange2

gnewshan
No...really....who can do a worse that Hussein Obama
==================================================================================
George Bush. No wonder I didn't see him at the RNC. No wonder I never heard none of the GOP presidential candidates never boast about Bush's record.

October 01 2012 at 8:23 PM Report abuse +4 rate up rate down Reply