BREAKING: Obama has blown it!

By PHIL IZZO

U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.

Their assessment stands in stark contrast with Mr. Obama's popularity with the public, with a recent Wall Street Journal/NBC poll giving him a 60% approval rating. But a majority of the 49 economists polled is dissatisfied with the administration's economic policies.

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

"The Obama team has blown it," said David Resler of Nomura Securities.

Obama, Geithner Get Low Grades From Economists