March 12, 2009

Economists fail Obama & Geithner

The Wall Street Journal conducted a survey of economists and asked them to grade the President and Tim Geithner. Among other things, the results indicated;

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.

Too bad the public education system doesn't require a basic economics course instead of some of the ridiculous offerings like Diversity Awareness and Cultural Sensitivity that are taken seriously - at least by those trying to do the indoctrination.


  1. I took Econ 101 a year ago when I thought I was going to go to grad school and I would have gotten my butt kicked out of class and given an F- if I had what seems to be as weak an understanding of the economy as those guys in Washington do.

    As a hardcore free-market capitalist, what scares me is all this talk about how capitalism is flawed and nationalizing is good. Time to re-read "Animal Farm."

  2. While Animal Farm is always a great re-read, Atlas Shrugged is far more apropos. Add Harrison Bergeron to that list, too.

  3. How about some Milton Friedman?


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