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Economists Give Obama Low Marks

TexasBred

Well-known member
Economists Give Obama Low Marks
Reuters

President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the world's largest economy, according to participants in the latest Wall Street Journal forecasting survey.

A majority of the 49 economists polled said they were dissatisfied with the administration's economic policies, according to the paper, a stark contrast to Obama's popularity ratings with the general public.

On average, the economists gave the president a grade of 59 out of 100, and although there was a broad range of marks, 42 percent of respondents rated Obama below 60, the paper said.

Economists polled by the Wall Street Journal gave President Barack Obama's economic policies an average grade of 59 out of 100. The assessment stands in sharp contrast with Obama's popularity with the public, with a recent Wall Street Journal/NBC poll giving him a 60 percent approval rating.

Geithner received an average grade of 51, while Federal Reserve Chairman Ben Bernanke scored better, with an average 71, the paper said.

On average, the economists now expect the economic downturn to end in October, according to the paper. In the previous survey, they had expected the bottom would arrive in August.

The economists' main criticism of the Obama team centered on delays in enacting key parts of plans to rescue banks, the paper said.
 
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