Obama, Geithner Receive Failing Grades From Economists in Survey

Discussion in 'Politics' started by Revmitchell, Mar 11, 2009.

  1. Revmitchell

    Revmitchell
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    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.

    Their assessment stands in stark contrast with Obama's popularity with the public, with a recent Wall Street Journal/NBC poll giving him a 60 percent 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 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.


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