Simply the Worst=> Obama is FIRST PRESIDENT EVER to Not See Single Year of 3% GDP Growth
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% )
Comments
As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning. Guest posting is disabled for security reasons.