Obama’s just like Reagan… Except when he isn’t.
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.
On Friday the Commerce Department announced a second quarter GDP growth of 1.2 percent. This is much lower than forecast. It is a shockingly low number.
This follows a first quarter 2016 GDP rate of .8 percent growth – the slowest pace in two years – which followed an anemic 1.4% fourth quarter advance.
Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.
This ranks Obama as the fourth worst presidency on record.
Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
Obama will be lucky to average 2% growth in his final year in office.
According to Louis Woodhill, if the economy continues to perform below 2.67% GDP growth rate this year, President Barack Obama will leave office with the fourth worst economic record in US history.
Assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%)