The Wall Street Journal surveyed 53 economists for their opinion on a number of issues facing the economy. Among the findings:
Despite the continued challenging conditions, 30 out of 48 economists who answered the question said the economy didn't need any more fiscal or monetary stimulus. Six economists said more fiscal stimulus was necessary, while five want more monetary stimulus from the Federal Reserve and seven said that the economy could use both....The economists, though, generally didn't support the idea of ending Bush-era tax cuts, which will expire at the end of this year unless Congress acts. Just three respondents said that the tax cuts on individual income should be allowed to expire for everyone. Thirty-two economists said they should all be extended, while 11 said they should be extended for people making less than $250,000 a year—the policy option backed by the Obama administration.
For those keeping score, that's 30-18 against additional monetary or fiscal stimulus (and only 13 in favor of additional fiscal stimulus) and 32-14 in favor of extending all of the tax cuts. You don't have to be a partisan to be in opposition to this administration's economic agenda.
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