Dilbert speaks on the economy
I came across an interesting article written by the cartoonist of Dilbert fame, Scott Adams, this morning: The piece, called Dilbert guy's economic poll on McCain, Obama, purports to be an unbiased view of which Presidential candidate is best for the U.S. economy. Adams funded a study of over 500 economists to see which candidate they believe is best for our country's economic future. This is a very important issue for all Americans, especially those who invest in stocks.
The article first starts off with a disclaimer about Adams' personal political views. His quote on the subject is hilarous:
"I should pause here and confess my personal biases, since the messenger is part of the story. On social issues, I lean Libertarian, minus the crazy stuff.
Moneywise, I can't support a candidate who promises to tax the bejeezus out of my bracket, give the windfall to a bunch of clowns with a 14 percent approval rating (Congress), and hope they spend it wisely.
Unfortunately, the alternative to the guy who promises to pillage my wallet is a lukewarm cadaver. I'm in trouble either way."
Interestingly, of the 500 economists who were selected at random for this study, 48% were registered Democrats, 27% were Independent, 17% were Republicans, and 3% were Libertarian.
Overall, 59% of the economists said that Obama would be the best for the U.S. economy long-term. 31% said McCain would be better and 8% said that it wouldn't make any difference (I wonder if they believe that it doesn't matter because we're all doomed either way ;) ).
Not surprisingly, the econimists tended to vote along party. 88% of the Democratic economists believe that Obama would be the best and 80% of the Republicans choose McCain.
Probably more relevant is the opinion of the independent economists. 46% of them believe that Obama would be better for the U.S. economy in the long run, versus 39% for McCain.
Here is a breakdown of economists' views on which candidate is better on which issues:
So what does this all mean? Probably not much, while some economists are excellent...others are full of ship.
Perhaps I can bring the views of several specific economists to light in the near future. My specially ordered collection of new essays from the world's most respected economists, compiled by Bloomberg's Tom Keene arrived in the mail yesterday (after waiting for like TEN WEEKS, darn you Borders).