At this most difficult time in our history, when our country needs competent and skillful leadership, both the administration and congress are failing us miserably according to economists.-LouObama, Geithner Get Low Grades From Economists
By PHIL IZZO WSJ
U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.
U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.
The economists' assessment stands in stark contrast with Mr. Obama's popularity with the public, with a recent Wall Street Journal/NBC poll giving him a 60% approval rating. A majority of the 49 economists polled said they were dissatisfied with the administration's economic policies.
On average, they gave the president a grade of 59 out of 100, and although there was a broad range of marks, 42% of respondents rated Mr. Obama below 60. Mr. Geithner received an average grade of 51. Federal Reserve Chairman Ben Bernanke scored better, with an average 71.
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Let us remember the president has been in office only 6 weeks,you can not expect him to clean up a mess that has been going on for 8 years.
ReplyDeleteMike T.R
True Mike, but the policies being enacted will not stop the relentless downturn, it will make matters worse in the opinion of most economists.
ReplyDeleteAll efforts of the Administration should be directed at securing the banking system and stailizing the housing market.
Although reforming health care, education and energy policy may be desirable, the economy is the most important thing right now and all attention must be toward fixing it.
I heard a commentator say today "You don't remodel the bathroom when the house is on fire".
Lou,
ReplyDeleteI have a joke for you.Albert Einstein dies and goes to heaven, where he asks three archangles their IQ's. 196 replies the 1st. "Remarkable!" cries Einstein. "I look forward to talking with you about mt new theory of relativity."
The second says 153. 'Not bad" says Einstein. "We will have long talks about the prospects for international socialism and world
peace."
The third fellow grunts his IQ: "84." Einstein asks: "so, what do you think the economy will do next year?"
Mike T.R