Workers and economists agree: President Obama is more likely to help the economy than Republican nominee Mitt Romney.

Economists gave Obama's economic plan an average grade of 3.15 on a five-point scale: nearly 50 percent higher than their 2.14 grade of Romney's plan, according to a new survey by The Economist released on Wednesday. The Economist sent its survey to 1,005 economists, and 384 responded.

Romney has touted his business experience as evidence that he knows the best way jumpstart the economy. But like Obama, he doesn't hold an economics degree. Romney has also rejected some of the views of two of his more renowned economic advisers. The two will debate domestic issues, including economic policy, during the first presidential debate on Wednesday night.

About half of the economists surveyed said that Obama understands economics better than Romney, in contrast to the 28 percent of respondents who believed that Romney had a better grasp of the discipline, according to The Economist. In addition, the number of economists that said the economy would grow more quickly under Obama was nearly double the number that said it would grow more quickly under Romney.

Workers are similarly confident in Obama's ability to help the economy. Fifty-one percent of workers say they believe that Obama has a better vision to create jobs than Romney, in contrast to 35 percent that preferred Romney, according to a survey by Glassdoor released Wednesday.

Romney has proposed slashing government spending by roughly 20 percent, but many progressive economists agree that suddenly cutting government spending could spur a recession. Obama, in contrast, has proposed a fiscal stimulus called the American Jobs Act, which economists estimate could create roughly 2 million jobs.

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  • Wealthy Benefit Most From Tax Cuts

    Paul Ryan's most recent budget proposal would save those making between $20,000 and $30,000 just $246 in taxes, compared to savings of $265,011 for those who make over $1 million, according to analysis from the <a href="http://www.washingtonpost.com/business/economy/2012/04/02/gIQAjn0grS_graphic.html" target="_hplink">Center on Budget and Policy Priorities</a>.

  • Health Care Cuts

    The "Path to Prosperity" would cut $2.4 trillion from Medicaid and other health care programs for people with low or moderate incomes, according to analysis from the <a href="http://www.washingtonpost.com/business/economy/2012/04/02/gIQAjn0grS_graphic.html" target="_hplink">Center on Budget and Policy Priorities</a>.

  • Fewer People Covered By Medicaid

    Under Ryan's "Path to Prosperity" as many as 44 million fewer people would be covered under Medicaid, <a href="http://www.cbsnews.com/video/watch/?id=7417870n" target="_hplink">according to CBS News</a>.

  • Reduced Health Care For Retirees

    Ryan would raise the age of Medicare eligibility from 65 to 67. If the Affordable Care Act was repealed, something Romney has pledged, that means many 65- and 66-year-olds would be left uninsured, the <a href="http://mediamatters.org/research/2012/08/11/seven-things-the-media-needs-to-know-about-paul/189277" target="_hplink">CBPP reports</a>.

  • Seniors Would Pay More For Health Coverage

    Under Ryan's "Path to Prosperity," senior citizens would have to pay as much as 68 percent of their health care coverage, up from 25 percent today, <a href="http://www.cbsnews.com/video/watch/?id=7417870n" target="_hplink">CBS News reports.</a>

  • Cuts To Food Stamp Programs

    Ryan's proposed "Path to Prosperity" includes $134 billion in cuts to SNAP, according to analysis from the <a href="http://www.washingtonpost.com/business/economy/2012/04/02/gIQAjn0grS_graphic.html" target="_hplink">Center on Budget and Policy Priorities</a>.

  • Lower Tax Credit For Single Moms

    A single mother of two working full time at the minimum wage would have her Child Tax Credit cut by more than $1,500, assuming she made $14,500 a year, according to the <a href="http://mediamatters.org/research/2012/08/11/seven-things-the-media-needs-to-know-about-paul/189277" target="_hplink">Center on Budget and Policy Priorities</a>.

  • Less Money For Education

    Compared to the most recent White House budget proposal, Ryan's budget spends 33 percent less on education, training, employment and social services, <a href="http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/12/what-paul-ryans-budget-actually-cuts-and-by-how-much/" target="_hplink">the <em>Washington Post</em> reports</a>.

  • Poor Weather Forecasts

    Ryan's proposed cuts to environment and natural resource programs could result in weather forecasts being only half as accurate, according to Third Way's budget expert, David Kendall. "For many people planning a weekend outdoors, they may have to wait until Thursday for a forecast as accurate as one they now get on Monday," <a href="http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/12/what-paul-ryans-budget-actually-cuts-and-by-how-much/" target="_hplink">he's quoted as saying in the <em>Washington Post</em></a>.

  • No Raises For Government Workers

    The current government worker pay freeze would be extended under the "Path to Prosperity," meaning public-sector employees wouldn't get a raise until at least 2015, <a href="http://www.washingtonpost.com/blogs/federal-eye/post/paul-ryans-budget-plan-hits-federal-workers/2012/08/11/8953b832-e3a3-11e1-98e7-89d659f9c106_blog.html" target="_hplink">the <em>Washington Post</em> reports</a>.