Posted on 03/16/2009 11:56:50 PM PDT by Scanian
A majority of economists are so dissatisfied with President Obama's handling of the economy that they gave him an “F” grade, a new Wall Street Journal/NBC survey finds. As the Journal noted, this dissatisfaction is across the political spectrum - not just with Republican economists. Treasury Secretary Tim Geithner got even an even lower level of “F” than Mr. Obama.
Compared to just last month's survey, the economists are more pessimistic and think that the recession will last an additional two months longer - now until October.
President Obama's plans are making the economy worse. He is destroying the housing market. Housing prices keep falling, and what do we get to solve the problem? A lot more taxes on houses. Take his plans to limit the tax deductions for mortgage interest for high income earners. Or his plan to increase the capital gains tax.
The Tax Foundation estimates that the average taxpayer making over $200,000 had a mortgage interest deduction in 2003 of $14,374. Wouldn't your willingness to buy a home be affected if you lost a yearly tax deduction worth thousands of dollars? Is there anyone out there who doesn't believe that these changes will lower house prices?
Whether Mr. Obama's proposals get adopted (and with Democrats controlling Congress one would have to bet that they stand a good chance), simply having the president advance these tax increase ideas lowers housing prices today.
(Excerpt) Read more at washingtontimes.com ...
Each report that comes out makes the picture more and more clear... Obama and his party are INTENTIONALLY trying to bring down the US Economy. They must be operatives for the old Soviet Union....
it’s not just tax and spend. Obama wants the wrong incentives so that we punish success and reward failure...and get more failure as a result.
I wish I could do that here in NY but good thing that license plate was modified.
I love that picture!
I don’t have to be an Economist to give him a F grade. He is a loser in chief!
Many FReepers can put forth a compelling argument that CPUSA operatives had a hand in shaping Zer0’s worldview from the cradle. With a parent like Stanley Ann, a grandparent like Gramps Dunham, and a “mentor” like Frank Marshall Davis, how could Barry have escaped commie indoctrination? He’s just doing what is the most natural thing in the world for him: working to bring down the economy of a “racist,” “imperialist,” and “capitalistic” bully that is detested by the rest of the world.
Fortunatly I am doing an under the radar sailboat to escape the madness tocome in the lower lattitudes.
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