Ouch! Economists Grade Pres. Obama Poorly
A recent Associated Press survey of economists found that the vast majority give President Obama “fair” or “poor” marks:
“Half of the 36 economists who responded to the Dec. 14-20 Associated Press survey rated Mr. Obama’s economic policies ‘fair.’ And 13 called them ‘poor.’ Just five of the economists gave the president “good” marks. None rated him as ‘excellent.’”
That’s not good for the President’s re-election bid. He might try to tout that “independent” economists claim his jobs plan is the best thing since sliced bread, but Americans know; taking money from one sector of the economy and simply handing it over to another sector doesn’t create new jobs or prosperity.
With unemployment at 8.6% (down because so many have dropped out of the workforce) and nowhere near enough jobs being added each month to even keep up with the growing population, economists are correct to give the President a failing grade. According to Politico:
“Economists criticized a number of Obama’s policies in the survey. They told the AP the president was too distracted by health care reform and failed with the $862 billion stimulus program, or should have pushed for a bigger stimulus.”
A larger stimulus wouldn’t have worked. In many areas of the government stimulus-era spending levels have become the norm and guess what, it’s still not working. President Obama should have been trying to create a climate where job creators can actually create jobs instead of focusing on other campaign promises that only added to our sour economy, as Joel Naroff, president of Naroff Economics told the Associated Press:
“Health care reform wasn’t necessarily the most important thing to be dealing with when you’re in the midst of the worst recession since the Great Depression.”
Even when President Obama “pivoted” many times towards job creation, he could do nothing more than suggest more stimulus. It didn’t work the first time, and it’s time we tried different ideas, like lowering taxes, reining in regulations, and opening up domestic energy production. That’d be a good start!