I guess economists are just a part of the vast Right Wing Conspiracy now. Participants in the latest Wall Street Journal forecasting survey overwhelmingly gave President Obama and Secretary Geithner an F for their handling of the economy. I guess economists listen to too much Rush Limbaugh and not enough HopeNChange.
March 11th, 2009 at 11:15 pm
What?
Isn’t there an F- ?
March 11th, 2009 at 11:27 pm
Kind of a weird standard they’re using…
“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.”
“On average, they gave the president a grade of 59 out of 100.”
Isn’t that almost exactly the same as the approval poll?
March 11th, 2009 at 11:27 pm
Sounds about right. I am not an economist and can see his shotgun approach to fixing this problem is horrible. Although I looked at my wife and said… look at Obama… he doesn’t have the money, but he is spending like crazy to fix the problem. Lets go get a new car, new TV, go on a cruise, install a home movie theatre, and……. Does he know something we don’t? Maybe it’ll solve our economic problems at home? uh… Nope. Just isn’t going to work.
March 11th, 2009 at 11:35 pm
yea, and we’re on to stimulus 2. they havent even finished READING the first one!
March 11th, 2009 at 11:42 pm
Well as someone who trusts economists about as politicians, it should be pointed out that economists (particularly those involved in banking sector) hardly have a stellar record either. It is the dismal science after all. Big whoop if they grade Obama an F. Right now anyone in charge or with opinions that are listened to are taking the spaghetti approach….throw as many wet noodles at the problem and see what sticks. As long as MOST people have jobs, food, some money and no one is rioting in the streets, the public will give Obama the benefit of the doubt. At this point, his scattershot approach makes more political sense than economic, which is not surprising given that he is A POLITICIAN.
March 11th, 2009 at 11:57 pm
If the economy and the market continue their decline into 2011, Republicans will be sitting pretty in 2010 and 2012.
March 12th, 2009 at 12:02 am
Obama and Europe are having their first spat, over money
Leaders balk at his call that EU countries boost public spending as the U.S. has. They’re more concerned with toughening oversight of the financial sector — and say America shouldn’t throw stones.
http://www.latimes.com/news/nationworld/world/la-fg-europe-stimulus12-2009mar12,0,1970857,print.story
March 12th, 2009 at 12:40 am
#7 – Obama needs a shopping buddy? You mean he isn’t enjoying just maxing out his trillion dollar credit cards alone?
March 12th, 2009 at 3:13 am
7
Wow, Obama’s been lectured first by Putin, and now by the Europeans on the dangers of spending sprees on new government programs. At this rate, Chavez will be telling him about the need for faith in the market economy.
March 12th, 2009 at 11:17 am
Uh, Rupert Murdoch owns the WSJ. This is news, that an ubconservative’s
panel of pet economists would dislike Obama’s policies?
March 12th, 2009 at 12:23 pm
who’s surprised…