Wednesday, March 11, 2009

Economists Grade Obama: A Solid "F"


Wall Street Journal's Phil Izzo reports on a Journal survey of economists, asking them to grade the president's handling of the economy.

Obama's score: 59.

Timothy Geithner's score: 51.

A sampling of opinion: "The Obama team has blown it," said David Resler of Nomura Securities.

It's the banking industry, stupid.

"The most important issue in the short run is the financial rescue," said Stephen Stanley of RBS Greenwich Capital. "They overpromised and underdelivered. Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyone's head."

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