Economists Nauseated By Obamanomics

 

A Survey Of 49 Top Economists Calls Into Doubt The Whole Idea That Barack Obama Even Has A Brain

A Survey Of 49 Top Economists Calls Into Doubt The Whole Idea That Barack Obama Even Has A Brain

President 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.

On average, they gave the president a mark of 59 out of 100, and although there was a broad range of marks, 42 percent of respondents graded Obama below 60. 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.

“The package already passed was too much too late,” said Dana Johnson of Comerica Bank.

“The most important issue in the short run is the financial rescue,” said Stephen Stanley of RBS Greenwich Capital. “They over-promised and under-delivered. Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyones head.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: