Economists: Obama’s policies ‘fair’ or ‘poor’
Washington ? President Barack Obama gets mediocre marks for his handling of the economy, and Mitt Romney easily outpolls his Republican rivals in an Associated Press survey of economists.
The economy — and who bears responsibility for it — is likely to be a decisive issue when voters to go the polls next November.
The economy is still struggling to recover from the Great Recession of 2007-2009. The housing market remains weak, and a debt crisis in Europe threatens growth in 2012. The unemployment rate is at a recession-level 8.6 percent, up from 7.8 percent when Obama took office in January 2009. That month, the recession was already more than a year old.
Half of the 36 economists who responded to the Dec. 14-20 AP survey rated 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.”
The economists’ criticisms vary. Some say Obama was distracted by his health care overhaul. Others say his $862 billion stimulus program was poorly designed. Still others fault him for not pushing for an even bigger stimulus when the economy proved weaker than expected.






