Obama, Geithner Get Low Grades From Economists

[Miss America]

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.

Economists Give Obama an "F"
3:13
In striking contrast to President Obama's popularity with the public, a new Wall Street Journal survey of economists gives the president and his treasury secretary failing grades. WSJ's Phil Izzo and Kelly Evans discuss.
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 Federal Reserve Chairman Ben Bernanke scored better, with an average 71.

http://online.wsj.com/article/SB123671107124286261.html

Looks like Pelosi was wrong again, in her assertion that Obummer's policies would instill confidence.

[andrewR]

in whom in 49 economists. You want confidence in 49 economsits. We do not know their political affiliations. THey may believe that spending is not a way to succeed. Therefore, this is not about confidence this is about partinsaship.

[Miss America]

in whom in 49 economists. You want confidence in 49 economsits. We do not know their political affiliations. THey may believe that spending is not a way to succeed. Therefore, this is not about confidence this is about partinsaship.

One would think that by nature most economists are fiscally conservative...regardless of their political affiliation..

[penner01]

in whom in 49 economists. You want confidence in 49 economsits. We do not know their political affiliations. THey may believe that spending is not a way to succeed. Therefore, this is not about confidence this is about partinsaship.

Why does any disagreement with the Administration have to be "partisanship"? Can anybody vote their beliefs and conscience without being labelled partisan?

[educ8er]

How many know what an economist does? Have you asked an economist what s/he does for a living?

[andrewR]

Why does any disagreement with the Administration have to be "partisanship"? Can anybody vote their beliefs and conscience without being labelled partisan?


Disagreement is welcome and I think should be appreciated. However this is a poll which is purported by the OP as being a no-confidence vote on Obama so in that case partinsanship may effect people's decisions.

[andrewR]

One would think that by nature most economists are fiscally conservative...regardless of their political affiliation..

You may be right, but I know a few they seem to be spread out all over the place.

BTW I don't mean to disagree for the sake of disagreement, but imho economists are theorists who examine economic models and fiscal conservatism may just be a variable in those models.

[Miss America]

How many know what an economist does? Have you asked an economist what s/he does for a living?

More than 1/2 the economists in the country work for various levels of Government, the majority of the rest for Banks and business collecting and anyalyzing data for the purpose of projecting economic trends and ramifications.

[Gengar]

in whom in 49 economists. You want confidence in 49 economsits. We do not know their political affiliations. THey may believe that spending is not a way to succeed. Therefore, this is not about confidence this is about partinsaship.

And there you have it folks... disagreement with Obama policies makes you a "partinsaship".

It's impossible that Obama's policies are bad.

Now you all better shut up! Stop being so mean to overwhelmed Obama!

[Kegler300]

I only have to look at what's happening to my investments...F is about right.

[Cutiepie]

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.

Economists Give Obama an "F"
3:13
In striking contrast to President Obama's popularity with the public, a new Wall Street Journal survey of economists gives the president and his treasury secretary failing grades. WSJ's Phil Izzo and Kelly Evans discuss.
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 Federal Reserve Chairman Ben Bernanke scored better, with an average 71.

http://online.wsj.com/article/SB123671107124286261.html

Looks like Pelosi was wrong again, in her assertion that Obummer's policies would instill confidence.


I just saw this today and it is pretty funny:

One
Big
Ass
Mistake
America

[educ8er]

Check out this site by Dr. Schenk of St Joseph University.

http://ingrimayne.com/econ/Introduction/Defintns.html

On the prior page to this link (select overview) he writes a great analogy of an economist.

[andrewR]

And there you have it folks... disagreement with Obama policies makes you a "partinsaship".

It's impossible that Obama's policies are bad.

Now you all better shut up! Stop being so mean to overwhelmed Obama!


And there you go folks a statement that suggests partinsanship automatically supports Obama!

What about the 40% who agreed with Obama, they may be partisan too.

Now i'll go stand in the corner fearful that anything that is said is automatically twisted so it may be attacked!

[Miss America]

The economists' negative ratings mark a turnaround in opinion. In December, before Mr. Obama took office, three-quarters of respondents said the incoming administration's economic team was better than the departing Bush team. However, Mr. Geithner's latest marks are lower than the average grade of 57 that former Treasury Secretary Henry Paulson received in January


from the same piece..

[Cutiepie]

And there you go folks a statement that suggests partinsanship automatically supports Obama!

What about the 40% who agreed with Obama, they may be partisan too.

Now i'll go stand in the corner fearful that anything that is said is automatically twisted so it may be attacked!



Nah, don't do that. Just get thicker skin. Just expect that GObama! the idiot will be attacked by a lot of us here.

[andrewR]

Nah, don't do that. Just get thicker skin. Just expect that GObama! the idiot will be attacked by a lot of us here.


:) sorry for the exclamation marks

[ModerateVoice]

Here is an interesting fact about Geithner that I found on liberally biased Wiki:

Tim Geithner's father, Peter F. Geithner, is the director of the Asia (http://en.wikipedia.org/wiki/Asia) program at the Ford Foundation (http://en.wikipedia.org/wiki/Ford_Foundation) in New York (http://en.wikipedia.org/wiki/New_York). During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance (http://en.wikipedia.org/wiki/Microfinance) programs in Indonesia being developed by Ann Dunham-Soetoro (http://en.wikipedia.org/wiki/Ann_Dunham-Soetoro), Obama's mother, and they met in person at least once.

Others may have already known this, but I didn't realize Geithner was on the Obama crony radar.

[Sun]

The lib politicians told us the ONLY person who could handle the finances was the tax cheater, and we need him (even if he is a tax cheater).

[Cutiepie]

:) sorry for the exclamation marks


don't apologize. There was nothing wrong with your exclamation marks.

Stand up for what you believe in.

Oh welcome to the boards btw.

[Samm]

in whom in 49 economists. You want confidence in 49 economsits. We do not know their political affiliations. THey may believe that spending is not a way to succeed. Therefore, this is not about confidence this is about partinsaship.

You mean like uber Liberal, uber Bush Hater, Nobel Prize winning economist Paul Krugman of the uber Liberal NY Times?

http://www.huffingtonpost.com/2009/03/09/paul-krugman-obamas-econo_n_173027.html