From the Wall Street Journal (via):
When asked whom they expect to win the presidency, 63% of the economists in the survey picked a Democrat — with their choice split between Illinois Sen. Barack Obama, with 33% of the total, and New York Sen. Hillary Clinton, with 30%. (The survey was conducted before Mrs. Clinton’s win in New Hampshire.) Republican Sen. John McCain was the pick of 30% of economists, with two other Republicans, former New York Mayor Rudy Giuliani and former Arkansas Gov. Mike Huckabee, each getting 3%.
However, when asked their personal preference, the economists favored Republicans. Sen. McCain led the field with 39% of the forecasters’ votes, compared with 11% for Mr. Giuliani and 7% for former Massachusetts Gov. Mitt Romney. Among Democrats, Sen. Obama edged Sen. Clinton, 14% to 11%, while former North Carolina Sen. John Edwards took 4%. [Odds of Recession Seen Rising. Wall Street Journal. January 11 2008]
I share the same sentiment and I have rationalized it earlier last year.