Tags: Jim-Grant | Obama | White House | F-Minus

Jim Grant: I'd Give Obama White House an F-Minus

Monday, 25 Oct 2010 09:01 AM

Jim Grant, founder and editor of the renowned "Grant's Interest Rate Observer," gives the Obama administration a grade of F-minus.

"For their relentless meddling, for their pretense, for their unpredictability ... ignorance and patronizing dismissal of business activity" says Grant.

“This is an administration that is extremely light in senior personnel who have ever made a living without being tenured in some place, and it shows."

However, Grant also says this trend didn’t begin with Obama. “It started with the Bush people … you never knew what was going to happen, and I should have taken more account of this in my bullish call on the economy a year ago,” says Grant.

The Fiscal Times reports that when the Pew Research Center asked Americans this spring to name the one word that best describes Congress, 86 percent had something negative to say — with “dysfunctional” leading the list.

And a Washington Post/ Henry J. Kaiser Family Foundation/Harvard University poll released last week showed that the philosophical between Democratic and Republican voters have also become more pronounced over the past 10 years.

Seventy percent of Democrats would prefer a “federal government which provides more services, even if it costs more in taxes,” compared to only 24 percent of Republicans and 16 percent of Tea Party supporters.

At the same time, 80 percent of Tea Party supporters, 71 percent of Republicans, but only 26 percent of Democrats, prefer “federal government which costs less in taxes but provides fewer services.”

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Jim Grant, founder and editor of the renowned Grant's Interest Rate Observer, gives the Obama administration a grade of F-minus. For their relentless meddling, for their pretense, for their unpredictability ... ignorance and patronizing dismissal of business activity ...
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2010-01-25
 

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