From: hooker@aristotle.ils.mwu.edu ( BOB HOOKER)
Newsgroups: alt.rush-limbaugh
Subject: Re: Economists predict Clinton victory
Date: 14 Sep 92 19:40:29 GMT
Organization: ILS


Normally Liberals may be worried about such an article as this,  but since
Stevie I Wonder and the Entire Rush Relativists have proven how easy it is
to find bias in a poll,  I see no worries for Democrats.

In article <economistsU2SE1150ae@clarinet.com>, clarinews@clarinet.com
(UPI) writes:
> 
> 	DALLAS (UPI) -- A majority of economists surveyed said President
> Bush's policies are better suited than Bill Clinton's for maintaining
> stable economic growth, and their forecast called for modest expansion
> through 1993.
> 	The National Association of Business Economists, holding their annual
> meeting in Dallas, said falling interest rates and a gradual correcting
> of structural imbalances would contribute to the recovery of the
> flagging economy.
> 	A panel of 49 analysts, polled in one survey, predicted the economy
> will grow 1.8 percent this year, down from previous estimates, and
> advance 2.7 percent next year.
> 	``The NABE forecasters have shifted their expectations for 2.7
> percent growth to next year,'' said Joseph Duncan, president-elect of
> the NABE. ``While the consensus for growth has moderated, it does not
> call for a recession. We are more likely to see a triple decline, not a
> triple dip.''
> 	Duncan presented policy recommendations and forecasts that were
> gleaned from two August surveys of members of the association.
> 	Two-thirds of 243 economists, polled in a second survey, said they
> expect Arkansas Gov. Clinton to win the presidential election, but 60
> percent said Bush's policies would be better for maintaining both stable
> growth and moderate inflation.
> 	Of those 243 analysts, more than 60 percent said they thought the
> nation's monetary policy was ``about right'' as it stands, and more than
> half recommending leaving it unchanged.
> 	The Federal Reserve Board, or Fed, controls the nation's monetary
> system. It has eased monetary policy this summer, cutting the key
> discount interest rate to 3 percent in July and dropping its target for
> the Fed funds rate to 3 percent earlier this month.
> 	Cutting interest rates encourages borrowing and spending and can
> jump-start economic growth, which is seen as weak as the nation
> struggles out of recession.
> 	Lowering rates too far can put inflationary pressures on prices of
> goods and services. Consumer inflation have been advancing at an an
> annual rate of nearly 3 percent so far this year, which is considered
> relatively low.
> 	Economists surveyed were not as enamored with the nation's fiscal
> policy. Forty-five percent said the policy is too stimulative, while 35
> percent thought it was too restrictive and about 30 percent thought it
> was on par.
> 	``In general there was little support for the view that the
> Treasury's financing needs have crowded out private credit demands,''
> Duncan said. The Treasury Department sells bonds and notes to make money
> for the government.
> 	More than 60 percent rejected that 'crowding-out' view. And more than
> 77 percent rejected the idea that the federal government should spur the
> economic recovery by increasing government spending.
> 	``There just is not any more room for increasing the deficit,''
> Duncan said.
> 	The 1992 deficit is $272.24 billion, and the Bush administration
> estimates it will stand at $333 billion for the entire fiscal year,
> which ends Sept. 30.
> 	Both Bush and Clinton have introduced plans for reducing the deficit
> if elected in November. Bush, who broke a 1988 campaign promise and
> agreed to a tax hike while in office, has said he would push for a
> conditional tax cut if re-elected. Clinton's economic plan calls for
> increases in taxes and government spending.
> 	The economists surveyed were asked to rate the political feasibility
> and economic merit of ways to increase government revenues.
> 	The three revenue proposals judged to have the highest political
> feasibility included raising excise taxes on cigarettes and alcohol,
> raising the top income tax bracket from 28 percent to 33 percent, and
> placing more restrictions on deductions for business meals and
> entertainment.
> 	The three ideas rated highest for economic merit included raising
> gasoline taxes, increasing tax on Social Security benefits, and raising
> the top income tax bracket.
> 	The special panel of 49 NABE members who forecast the economy will
> grow 1.8 percent this year and 2.7 percent in 1993 cited two major
> reasons for the predicted strengthening.
> 	Nearly half of the panel attributed predicted economic expansion on
> monetary stimuli, including the falling interest rates triggered by the
> Fed's actions.
> 	Another 45 percent of the economists said a correcting of structural
> imbalances -- including high debt burdens of consumers, government
> deficits, depressed real estate values -- would help pull the economy out
> of the doldrums.
> 	``Overall, business economists are still looking for a modestly paced
> recovery, despite disappointing performances of key domestic sectors
> during 1992,'' Duncan said. ``The positive forces seen last year are
> expected to yield results next year.''
> 
>