Economists doubt Obama's efforts
The economists on average gave the president a grade of 59 out of a possible 100 points. Also, 42 percent of the respondents gave President Obama a grade below 60 percent. Geithner received even worse scores than the President. On average, the treasury secretary received a grade of 51 out of a possible 100 points. However, Ben Bernanke, appointed by President Bush as Chairman of the Federal Reserve, received a score of 71 points on average.
Economists doubt Obama's efforts - Opinions
I have to laugh at the notion that Government borrowing and printing money will move the "demand curve" and lift us out of a recession.
The HONEST truth is that Obama's plan is not about moving any curve except the one that may make the Democrats a majority party by pandering to every Liberal interest group in the land.
The notion that a Government can SPEND a nationís way out of recession by borrowing and printing money can only be asserted by someone who is NOT dealing with economic realities or educated on economic theories.
"I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."
--Albert Einstein, 1929
This economist says in their second paragraph that government spending helped get us out of the 2001 recession.
Defecit spending to help the economy in the short term is economics 101. I just wish people would bring up how inneficent some of Obama's defecits are instead of saying that the whole theory is wrong.
Last edited by nerv14; 05-08-09 at 04:47 PM.
I have a degree in Finance and graduated with high honors; what is your degree in and how much study in economics did you have?