Economists And Dems: Obama, Geithner Suck

No kidding:

Change we can believe in.

On average, they gave the president a grade of 59 out of 100, and although there was a broad range of marks, 42% of respondents rated Mr. Obama below 60. Mr. Geithner received an average grade of 51. Federal Reserve Chairman Ben Bernanke scored better, with an average 71…

[E]conomists' main criticism of the Obama team centered on delays in enacting key parts of plans to rescue banks. "They overpromised and underdelivered," said Stephen Stanley of RBS Greenwich Capital. "Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyone's head."…

The economists' negative ratings mark a turnaround in opinion. In December, before Mr. Obama took office, three-quarters of respondents said the incoming administration's economic team was better than the departing Bush team. However, Mr. Geithner's latest marks are lower than the average grade of 57 that former Treasury Secretary Henry Paulson received in January…

I suppose that might be why nothing is working out - the stuff they're doing violates common sense and every basic tenet of economics, and will do little if anything to actually help the economy.  Remember, that's not the point of what Obama is doing - he's re-making America into a socialist nation, not trying to fix the economy.

Some cracks are finally starting to appear in the donkey parade, and they're big ones.

Democrat lawmakers are getting skittish about what Obama is doing.  Former Clinton adviser Bill Galston is warning that Obama is another Carter.  Opinion columnists are worried.  A Newsweek reporter is cooling on Obama's so-called judgment.  Even ABC called Obama's bluff on the pork-filled omnibus bill.  The Hill, CNN, and Newsweek are suggesting Obama's trying to do too much too fast, losing focus on the economy.  Big-time Obama supporter Jim Cramer of CNBC's Mad Money blasted his policies.  Big-time Obama supporter Warren Buffett recently raked Obama over the coals (more on that in another post).  General Electric CEO Jack Welch said he was in another world. 

Buyer's remorse?  We can only hope so.  It sure looks like it, anyway.

Here's the problem - these Democrats still support Obama and his policies, even as they are trashing them publicly.  They don't live in reality.  They like what they hear from Obama, and they want the end results he talks about, but they refuse to accept the methods that will actually bring those solutions about - conservatism.

It's cognitive dissonance at its finest, or, if you prefer, doublethink.

Whatever you call it, the bloom is off the rose, and even his most ardent supporters are broadcasting loud and clear that his policies are not good for America.

There's my two cents.