Worst. President. Ever… Obama Second Quarter GDP at 1.7% – Worst Growth Rate Since Depression
Worst. President. Ever.
Obama GDP rate reaches new lows.
The AP reported:
U.S. economic growth accelerated in the April-June quarter to a seasonally adjusted annual rate of 1.7 percent, as businesses spent more and the federal government cut less.
The Commerce Department says growth improved from a sluggish 1.1 percent rate in the January-March quarter, which was revised from an initial 1.8 percent rate. The pickup in growth was surprising as most economists predicted a far weaker second quarter.
Consumers increased their spending more slowly in the second quarter. And a surge in imports reduced growth by the most in three years. But the federal government cut spending only 1.5 percent. And state and local governments increased spending for the first time in a year.
And, there’s more…
Unemployment and Deficits are at record levels.
Millions of Americans have left the workforce.
Reflections of a Rational Republican
GDP growth is at anemic levels.
Obama is simply the worst ever.
It’s a good thing the media is covering for this guy.