This is what happens when Harvard, the media, and affirmative action team up to create a fake messiah.
Posted on 03/11/2009 3:10:51 PM PDT by Sub-Driver
Obama, Geithner Get Low Grades From Economists
By PHIL IZZO
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. Charts and Full Results
Their 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. But a majority of the 49 economists polled is dissatisfied with the administration's economic policies.
On average, they gave the president a mark of 59 out of 100, and although there was a broad range of marks, 42% of respondents graded Mr. Obama below 60. Mr. Geithner fared even worse, with an average grade of 51. Federal Reserve Chairman Ben Bernanke scored better, with an average 71.
"The Obama team has blown it," said David Resler of Nomura Securities.
Some economists were underwhelmed by the $787 billion stimulus package, with 43% saying the U.S. will need another stimulus package on the order of nearly $500 billion. Others were skeptical of the need for stimulus. "The package already passed was too much too late," said Dana Johnson of Comerica Bank.
However, economists' main complaint centers on the administration's plan for the banking sector. "The most important issue in the short run is the financial rescue," said Stephen Stanley of RBS Greenwich Capital. "They overpromised and underdelivered. Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyone's head."
(Excerpt) Read more at online.wsj.com ...
Can you "FEEL" it?
Can’t allow the solution of the financial crisis until the Marxist remaking of America is otherwise complete...
Just Obama agenda moving forward IMO.
In short, they are incompetent to undertake and successfully complete their tasks. They are imbecilic. The question that will increasingly begin to dominate our current affairs; is how do we gently ease him out?
And he's President of the United States.
You tell me what anyone expects anymore...
Seems economist want MORE bailout money and that’s why they’re giving him a failing grade:
“Some economists were underwhelmed by the $787 billion stimulus package, with 43% saying the U.S. will need another stimulus package on the order of nearly $500 billion”
Not sure why there are people here posting in support of these economists...
The United States has to be cleansed of the Middle Class, the Stock Market & Capitalism as we now know it. Next will be God. Socialism is Bit*ch Folks.
I think the problem, whether you agree with the stimulus or not, is that it wasn’t big enough because it was mostly liberal pork, not stimulus. Economists see that. This stimulus will stimulate very little. If it stimulates at all, it will only work until the money runs out, hence the problem with Keynesian stimulus.
I think some stimulus was necessary, but I would have proposed immediate and permanent across the board tax cuts on corporations, not funding for marsh research and bogus work projects.
*I meant across the board tax cuts on corporations, small business and individuals.
Well okay, what are the Wall Street weenies gonna do ‘bout it.
Bend over and grab their ankles?
Yeah, but they LOOK Maaahvelous! And they’re sooooo articulate!
BO has crashed the bus!
Damnation. LOW grade? How about running the whole lot out on a rail?!?!
“On average, they gave the president a mark of 59 out of 100,...”
More grade inflation.
This is what happens when Harvard, the media, and affirmative action team up to create a fake messiah.
It sounds like the equivalent of “Key nomenklatura urge Stalin to hasten the schedule for collectivization”.
The average moron who voted for him loves him.
Search the entire world, and point out a single clan, tribe, company, village, city, state or nation who improved their lot over time by means of socialism or Communist control of the means of production.
Add to that scenario, the handicap of a Nation surviving the leadership of an inexperienced, ineligible poseur, inept pretender, pathological liar, sock puppet, closet Muslim, admitted Cocaine snorting black racist moron all rolled into one clown—— and then calculate the odds of success.
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