Thursday, March 12, 2009

Obama, Geithner get low grades from economists: report

I was starting to think it would be a credible criticism to use against the administration, but then I read this:

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.

Geithner received an average grade of 51, while Federal Reserve Chairman Ben Bernanke scored better, with an average 71, the paper said.
Professional economists really don't know anything if they are giving Bernanke such high marks.

Mike Whitney, Haircut Time for Bondholders
Time for Geithner and Bernanke to Go

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