Thursday, December 15, 2011

Grading the President

The headline of this story is that "Experts Grade Obama 'C-Minus' on the Economy". Three of the 12 "experts" gave B grades: a Democratic operative and the two economists (one of whom is a Krugman acolyte).

The other economist, Mark Zandi of Moody's,
gave the administration a solid “B” for economic and budget policy in 2011, noting that the payroll tax holiday and emergency unemployment insurance programs that were put in place late last year – and that will expire unless Congress agrees to extend them  --  “were key to keeping the economic recovery together as well as it was kept together during the year.”
What nonsense.