Bernanke praised, Obama chided over economic response

Almost half of executives at large U.S. companies and financial institutions surveyed by Greenwich Associates gave neutral or negative reviews to President Barack Obama’s response to the economic crisis, while more than 60% praised the performance of Federal Reserve Chairman Ben Bernanke.

Almost half of the 231 companies participating in a July survey by Greenwich gave negative ratings to Mr. Obama’s response to the economic crisis, with more than 25% of respondents contending the president’s performance had been “very poor” and 22% were neutral on the question, according to a Greenwich news release about the study.

About 30% of the respondents rated Mr. Obama’s performance as excellent or good, the news release said.

Almost 65% gave positive reviews to Mr. Bernanke’s performance, with 20% rating it “excellent”; 12% gave him a negative rating.

The survey did not specifically ask executives to rate the performance of Congress, but “when given the opportunity to comment … many respondents took it upon themselves to let us know that they would give Congress the lowest possible ratings for its performance in responding to the crisis,” said Frank Feenstra, a Greenwich Associates consultant, in the news release.