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Economist Zandi: John Boehner 'just wrong' about Obama stimulus

Mark Zandi of Moody’s Analytics and Economy.com says House Republican leader John Boehner is 'just wrong' when he says Obama administration efforts to stimulate the economy have 'gotten us nowhere.'

Mark Zandi of Moody's Economy.com said Wednesday at Monitor Breakfast that Obama's stimulus package has been very helpful to the US economy.

Michael Bonfigli/Special to The Christian Science Monitor

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House Republican Leader John Boehner delivered a stinging critique of Obama Administration economic policies at the City Club of Cleveland on Tuesday in which he said that “all this stimulus spending has gotten us nowhere.”

When asked about that statement at a Monitor-sponsored breakfast for reporters on Wednesday, Mark Zandi, chief economist of Moody’s Analytics and co-founder of Economy.com said, “that is just wrong, the stimulus has been very helpful.”

Mr. Zandi was an advisor to John McCain’s presidential campaign. The Wall Street Journal has called him “the de facto chief economist to Congress.”

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