Dem Control Might Help Economy, WSJ.com Survey Finds

[Jon8503]

Democrats wins in November might boost the economy, economists in the latest WSJ.com survey found.


Most economists said the economy would perform best in the coming years if Democrats take control of at least one chamber of Congress. Only 12 of the 35 who answered the question said the economy would perform best under continued Republican control of the House and Senate. The best scenario, the economists said, would be Democratic control of the House only. The economists were almost evenly split over whether the stock market would perform better with a continued Republican lock on Congress or some measure of Democratic control.

“The economy is doing very well,” said Allen Sinai of Decision Economics Inc. However, it “would do better if the geopolitical side wasn’t depressing Americans and injecting caution in business sentiment. The psyche of Americans is surprisingly low. New blood can improve sentiment.”

When asked what the new Congress should make its top priority, economists indicated their top two choices were health care and Social Security. Those two issues represent the difficulty of the aging U.S. population and growing entitlement spending. However, there wasn’t much optimism that much would be done to take on the issues in the near-term. “There just isn’t the political will to address these problems,” said Dana Johnson of Comerica Bank. – Phil Izzo

Read the related article or see full data of the WSJ.com survey
Video: WSJ’s David Wessel discusses the survey, noting expectations for economic growth, unemployment and Fed policy for the rest of the year.
Election graphics: Where the Senate races stand and a look at the issues and candidates in 13 congressional districts.
Read more: Global, Campaign 2006, Economy
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[Warpy]

1. The WSJ has finally discovered Repuglicans are bad for business

What a surprise! It's only taken 5 1/2 years or so of consistent bungling, stalled wages, mounting debt, and a rapidly cooling consumer economy for them to figure out that those tax cuts didn't do a damned thing for anybody but the top 1%.

[aquart]

2. I want to slap them upside the head for that.

Every effing statistic says Dems are better for business and they lied, lied, lied to get these fascist creeps into office.

[BootinUp]

3. best scenario house only? I DONT THINK SO

nice try.

[bigtree]

4. dupe

[bigtree]

5. Pelosi: Economists Agree, Democrats' Policies Are Better for the Economy

10/12/2006 6:53:00 PM

http://releases.usnewswire.com/GetRelease.asp?id=74261

Contact: Brendan Daly or Jennifer Crider, 202-226-7616, both of the Office of Nancy Pelosi

WASHINGTON, Oct. 12 /U.S. Newswire/ -- House Democratic Leader Nancy Pelosi issued the following statement today on a news report in The Wall Street Journal that a survey of 50 economists by WSJ.com found that "most economists said the economy would perform best in the coming years if Democrats take control of at least one chamber of Congress."

"Today's report confirms that economists agree that Democrats' policies of fiscal responsibility and increasing opportunity for all are better for the economy.

"Democrats will restore fiscal discipline with tough policies of pay-as-you-go budgeting, no new deficit spending. Democrats are fighting for middle-income tax cuts that spur economic growth and produce jobs. And Democrats will ensure that economic growth benefits all Americans, not just the privileged few."


http://journals.democraticunderground.com/bigtree