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Economists Rate Obama’s Policies Fair Or Poor

January 3, 2012 by  

Economists Rate Obama’s Policies Fair Or Poor

President Barack Obama received mediocre marks for his handling of the economy in a survey of economists by The Associated Press.

The news outlet reported that the economy is struggling to recover from the Great Recession of 2007 to 2009, as the housing market remains weak, the unemployment rate is up from when Obama took office and the European debt crisis is threatening further growth.

Half of the 36 respondents to the AP survey rated Obama’s economic policies as “fair” and 13 of those surveyed called them “poor.” Only five of the economists gave the President “good” marks and none rated him as “excellent.”

According to the news outlet, the criticisms from economists vary, as some note his healthcare overhaul provided a distraction for the President while others have targeted his “poorly designed” $862 billion stimulus program.

“Healthcare 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,” Joel Naroff, president of Naroff Economics, told the AP.

The Miami Herald predicts that 2012 will be more of the same in terms of the economy, as experts have noted that it will not be much worse than 2011, but not much better.

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