RNC Chairman grades president on economy

August 5, 5:45 PMPublic Policy ExaminerAlton Drew

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RNC Chair Michael Steele APPhoto/Seth Wenig

During an interview today with CNN's Suzanne Malveaux, Republican National Committee Chairman Michael Steele provided an assessment of the Obama Administration's performance during its first 200 days. Mr. Steele gave President Obama a grade between a "D+" and "C-". While acknowledging some increasing strength in the economy, Mr. Steele credited the financial markets and not Mr. Obama's stimulus package. "The stimulus needs some time but strength in the economy is market based." "The market has a way of working through these things", said Mr. Steele. Mr. Steele added that only ten percent of the stimulus has been spent. The RNC chairman pointed out that if anything, Americans should be concerned about inflation down the road. Mr. Steele argued that the country will see future inflation resulting from an infusion of $2 trillion of cash moving through the system.

Speaking on the latest political advertisements aired by the Democratic National Committee, Mr. Steele called on Democrats to stop scaring Americans. Citizens have a right to voice their concerns about how the country is being governed. Its not fair to describe concerned citizens as "demogogues", Mr. Steele said.

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