What would you give him for a grade? I realize that he inherited 70+ years of insane Keynesian spend-and-debase, and is playing along with it.
If he was trying to reform Social Security/Medicare, I'd give him a 'B'. Since he's doing neither, I'll give him a 'C'.
"Next year, taxes are increasing almost 20% in the United States -- that is roughly $350 billion. According to studies by Obamaâ??s Chief Economist Christina Romer, $1 of increased taxes results in $3 in reduced economic activity. That is $1.15 trillion sliced RIGHT OFF THE TOP of the US economy, about 10%."