Sunday, October 05, 2008

Obama's Superior Economic Plan.

In The Economist this week:

A survey of academic economists by The Economist finds the majority—at times by overwhelming margins—believe Mr Obama has the superior economic plan, a firmer grasp of economics and will appoint better economic advisers.
Economists’ opinions should count for something because irrespective of any party affiliation, most of them approach policy decisions with the same basic tool kit. Their assessment of the candidates’ economic credentials and plans represents an informed judgment on how well they will handle difficult trade-offs between efficiency, equity, growth and consensus-building.

Regardless of party affiliation, our respondents generally agree the economy is in bad shape, that the election is important to the course of economic policy and that the housing and financial crisis is the most critical economic issue facing America.

(The Economist, it must be noted is a magazine whose economic philosophy is based on free trade and globalisation - it is all the more remarkable they should publish this!)


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