Monday, January 2, 2012

One third of economists rate Obama's economic policies as bad. Only 13% rate them good.


One third of economists rate Obama's economic policies as bad. Only 13% rate them good.
(NYDN ) — Turns out, economists live in the same America as the rest of us.
The Associated Press surveyed 36 top experts on money and markets from across the political spectrum last week. They rendered a familiar verdict on President Obama’s approach to restoring America to prosperity.
Just half of the 36 rated the President’s policies as “fair”; more than a third called them “poor.” Only five described Obamanomics as “good,” and none dared call it “excellent.”
Also grim: The consensus among the experts is that unemployment will stay stubbornly high, dropping from its current 8.6% to no lower than 8.4% by Election Day.
Little wonder that, after an $800 billion stimulus, a year spent pushing through an endlessly complex health care reform bill and presidential failure to embrace a bold, bipartisan plan to tame spiraling debt through tax reform, fully 60% of Americans now disapprove of Obama’s handling of the economy.
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