Economists: Romney Better Suited to Turn Economy Around

Monday, 01 Oct 2012 06:11 PM

By Patrick Hobin

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More than half of the top economists surveyed say that Mitt Romney is better equipped to turn the economy around, CNN reported.

The Republican governor of Massachusetts was picked by 9 of 17 top economists, who were asked which candidate would help grow the economy more. Five made no pick and just three chose President Barack Obama.

Some chose Romney with reluctance.

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

Some of the economists criticized Obama’s record, pointing out regulatory uncertainty and gridlock.

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

Allen Sinai of Decision Economics said Romney’s proposed policies of "cutting growth of government outlays, lowering tax rates and closing loopholes, less regulatory uncertainty . . . smaller government and entitlement reform all must be tackled."

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