Survey of Economists: Romney Best for GOP, Unimpressed with Obama

In an AP Survey of economists, responses from economists were quite telling when it comes to who they feel is most capable of leading the American economy.  Obama is a thumbs-down, and Romney is a thumbs-up.  Here are excerpts from the Washington Post report:

President Barack Obama gets mediocre marks for his handling of the economy and Mitt Romney easily outpolls his Republican rivals in an Associated Press survey of economists.

“The economy — and who bears responsibility for it — is likely to be a decisive issue when voters to go the polls next November. 

“The economy is still struggling to recover from the Great Recession of 2007-2009. The housing market remains weak and a debt crisis in Europe threatens growth in 2012. The unemployment rate is at a recession-level 8.6 percent, up from 7.8 percent when Obama took office in January 2009. That month, the recession was already more than a year old.

“Half of the 36 economists who responded to the Dec. 14-20 AP survey rated Obama’s economic policies “fair.” And 13 called them “poor.” Just five of the economists gave the president “good” marks. None rated him as “excellent.”…

Asked which of the Republican presidential candidates would do the best job managing the economy, two thirds of the economists named Romney, one chose former House Speaker Newt Gingrich. The rest didn’t pick anyone at all.

“Allen Sinai, president of Decision Economics, says Romney, who ran a private equity firm before turning to politics, is the “hands down” choice among Republican presidential contenders squaring off in the Jan. 3 Iowa caucuses.

Romney’s a technocrat,” Sinai says. “He’s not an ideologue. He has a history in the real world of business.”…

“An Associated Press-GfK poll of American adults earlier this month found that 60 percent of American adults disapprove of Obama’s performance on economic issues.”

You can read the full article here.