Back in February 2009 Barack Obama had this to say about the economy,
“Look, the only measure of my success as president when people look back five years from now or nine years from now is going to be, did I get this economy fixed. I have no interest in promoting a package that doesn’t work,'”
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Well, he didn’t get the economy fixed.
In fact the United States is suffering through the Worst. Recovery. Ever.
Zero Hedge reported:
If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.
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But, thanks to the Obama-media, you never heard about this before the election.