Obama Gets an F

on Thursday, March 12, 2009

...And it may not be his first seeing as he is still refusing to show us his grades from his Ivy League education he keep flaunting. Bush showed us his, after all...

Anyway, the WSJ has released their poll on Obama's handling of the economy. It should be added, for whatever extra gravitas, that this wasn't some bunk poll of random, uninformed Americans. This poll asked only economists how Obama stacks up. Their response:

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...

[E]conomists’ main criticism of the Obama team centered on delays in enacting key parts of plans to rescue banks. “They overpromised and underdelivered,” said Stephen Stanley of RBS Greenwich Capital. “Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyone’s head.”...

The economists’ negative ratings mark a turnaround in opinion. In December, before Mr. Obama took office, three-quarters of respondents said the incoming administration’s economic team was better than the departing Bush team. However, Mr. Geithner’s latest marks are lower than the average grade of 57 that former Treasury Secretary Henry Paulson received in January.
No shock here. I mean, for heaven's sake, President Obama, the man that is calling the shots on how to fix the markets and economy, thinks that a P/E ratio is a "profits and earnings" ratio... a ratio that doesn't even exist! How is that supposed to build confidence in the markets? Clearly this guy is a total financial novice!

Sure, this all started under Bush's watch, but Obama is prolonging this recession by trying to simultaneously implement his radical agenda. For example: Obama was championing health care reform a full year before this recession even started. Why then is he including health care reform as a "necessary" component of his economic recovery plan when health care had nothing to do with the recession to being with? Clearly he's using this crisis as a means to bring about his own "social engineering". After all, didn't his own chief of staff admit to that?

Look, Obama, if you want to pass you ultra-radical policies (what you and your followers call "change") then that is in your authority. But please, for the love of everything that is good and holy, PLEASE wait until this crisis is over before you start piling more weight on the economy's back with your policies.

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