30 Reasons in 30 Days to Vote for Donald Trump – #15 Obama’s Abysmal GDP Growth Rate
Guest post by Joe Hoft
(Time magazine’s attempt at humor)
As we count down to the November 8th election, we will list 30 reasons in 30 days to vote for Donald Trump for President of the US.
Reason #15 – Obama’s Abysmal GDP Growth Rate
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.
From 1790 to 2000, U.S. RGDP growth averaged 3.79% . America needs at least 3.0% economic growth-the nation cannot defend itself and pay its bills without it. However, America’s elites have largely given up on growth, and are now distracting themselves with academic musings about “secular stagnation.”
Ronald Reagan brought forth an annual real GDP growth of 3.5% . Barack Obama will be lucky to average a 1.50% GDP growth rate.
Obama currently ranks as the fourth worst presidency on record in GDP growth at 1.457% . Only Herbert Hoover (-5.65% ), Andrew Johnson (-0.70% ) and Theodore Roosevelt (1.41% ) currently have lower average annual GDP growth than Barack Obama.
The Commerce Department announced in the first quarter of this year that the US economy expanded at the slowest pace in two years with a GDP growth rate of an anemic 0.5% . The second quarter GDP growth rate was not much better at 1.2% . (The 3rd quarter GDP has not yet been announced.)
With tanking GDP rates this year Obama may pass up Teddy Roosevelt and become the 3rd worst President in history in GDP growth rate. Already Obama has the lowest annual GDP growth rate of any President since World War II.
Obama’s Congressional Budget Office (CBO) forecasted earlier this year that America will never see 3.0% economic growth again. They have given up and now Hillary is their candidate.
Businessman Donald Trump wants to move GDP growth above 3% to 4% –
“Clinton wants to regulate and tax, Donald Trump wants to grow!”
A vote for Trump is a vote for GDP and economic growth but a vote for Hillary is a vote for a continuation of the Obama economic disaster.
See also –
Reason #16 Trump – The Law and Order Candidate
Reason #17 Trump’s America First Trade Strategy
Reason #18 Hillary’s Attack on the 2nd Amendment
Reason #19 The Candidate’s Children and Abortion
Reason #20 Obama-Clinton’s Libyan Catastrophe
Reason #21 Obama’s 94 Million Jobless Americans
Reason #22 The Trump Train
Reason #23 Bill Clinton’s a Rapist
Reason #24 Obama-Clinton’s Absurd and Dangerous Iran Deal
Reason #25 Obama’s Food Stamp Nation
Reason #26 Vince Foster and Filegate
Reason #27 Beautiful Melania Trump
Reason #28 Obama’s Historical Low Home Ownership Rates
Reason #29 Syrian Quagmire
Reason #30 Whitewater