Posted on 01/19/2017 4:20:52 PM PST by TigerClaws
In February 2011 (Fake News) Time Magazine Implied that Obama was like Reagan. This couldn’t have been further from the truth, especially when considering economic growth. Ronald Reagan brought forth an annual real GDP growth of 3.5%. Barack Obama will be lucky to average an annual 1.50% GDP growth rate during his two terms in office.
The rate of real economic growth is the single greatest determinant 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.”
By February of 2016 it was clear that Obama had given up on economic growth. Obama’s Congressional Budget Office (CBO) forecasted in early 2016 that America will never see 3.0% economic growth again.
As a result of his failed economic policies, 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. In addition, Obama has the lowest annual GDP growth rate of any President since World War II.
Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
Exactly! Anyone can do anything with numbers. It is easy if no one points out the deception.
Worst president?
Hardly...
BHO is the worst *American* in American history.
And it’s not even close. Since the moment John Hancock put the quill to the DOI, there has never been another American who has done more damage to America, not Arnold, not Davis, not Lee... No one.
Get out, Barry, you loathsome POS.
Donald Trump is the 44th president of the USA.
He did that on purpose.
Good effing riddance
But but I heard the economy is doing “historically great”.
Obama 5th best President.
“1 Reagan & Lincoln tied for first
2 Seventeen presidents tied for second
3 Twenty-three presidents tied for third
4 Jimmy Carter came in fourth, and…
5 Obama was fifth”
I’m not the smartest person when it comes to this kind of thing, but I firmly believe even I could have squeezed out a 3% growth rate at some point over 8 years if you game me a bloated federal budget and 10 Trillion dollars more besides.
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