March 12, 2009

WALL STREET JOURNAL: Obama, Geithner Get Low Grades From Economists. “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.”

UPDATE: Related item here: “In an administration that increasingly seems baffled by the financial crisis, a White House official who is willing to pierce the illusion of happy consensus can do a real service. We don’t need jolly, bogus reassurance. We need real thinking and a more open and productive debate. The administration’s top economist has now publicly, if elliptically, served notice of the likely inadequacy of the administration’s plans.”

Of course, Pelosi’s solution seems to be more of the same.

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