The Wall Street Journal's economics blog, Real Time Economics, reports Senator McCain was the clear favorite of those economists who responded to the question:
"Which of the three remaining presidential candidates offers the most responsible fiscal policy proposals in your view?"
Twenty-one economists, or 75% of the respondents, chose Senator McCain, the republican nominee to be. Obama came in second with the backing of six economists, or 21% of the respondents. Just one economist picked Hillary.
The question was asked as part of the Journal's latest forecasting survey.
Another interesting finding from the survey was that 51% of the respondents said demand from China and India was the prime factor in soaring energy prices, and 41% said the demand was the chief contributor to rising food costs. Constraint in supply was cited second most often; Twenty percent blamed supply problems for higher food prices, and 15% for increasing energy prices. If these economist are right, there is little the U.S. can do to ease the pain of higher energy and food prices.
According to he survey, the price of crude is expected to fall to about $105 by the end of next month and to about $93 by the end of the year, overall inflation will continue, and gasoline prices are expected to stay high. Get use to it.
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