Barrasso: Obama's economic team suffers from lack of practical experience

Sen. John Barrasso (R-Wyo.) said Friday that President Obama's economic agenda suffers from having team members without practical experience in the business world.

Barrasso, appearing on Fox News and referencing this week's announced departure of Christina Romer, chairwoman of the president's council for economic affairs, said the administration had "really over promised and under delivered."

"You look at it and they have academic credentials; maybe they can tell us what ought to work but they don't know what does work," Barrasso said. "Larry Summers is still there in the White House, president of Harvard, you have Tim Geithner, still there is Treasury secretary, but even Christina Romer and Peter Orszag.

"You know, there isn't really that practical experience of having to meet a payroll, having to live with government regulations."

Barrasso said Senate Republicans warned Obama "that this debt that we have, you know, Greece may actually just be a coming attraction to what is going to happen in America."

The senator also criticized the fact that the House is returning next week to vote on "another spending bill that is not paid for" -- a $26 billion aid package to states.