Obama Presidency Had Worst Economic Growth in Modern Era

Well, the numbers are in and they are officially horrible. Jonathan M. Trugman of the New York Post reports the Obama presidency had the worst economic growth in the modern era.

On Thursday we closed the book on the Obama economic “miracle” — and it’s a miracle we are not in a recession.

Last week the Commerce Department released its third revision for fourth-quarter 2016 gross domestic product. The number came in at a paltry 2.1 percent, meaning that growth during President Obama’s final year in office — the end of an “Error of Hope” — landed with a big thud at just 1.6 percent.

That low-water mark puts the Obama presidency in last place among all the post-World War II presidents when it comes to economic growth.

Real economic growth is widely viewed as the greatest determinant of America’s strength as a nation as well as the well-bring 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.”

Obama Presidency Had Worst Economic Growth in Modern Era

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Obama is the only president in history that did not deliver a single year of 3.0%+ economic growth.

Here are the average growth rate for all of the presidents since WWII.

  • Johnson (1964-68), 5.3 percent
  • Kennedy (1961-63), 4.3 percent
  • Clinton (1993-2000), 3.9 percent
  • Reagan (1981-88), 3.5 percent
  • Carter (1977-80), 3.3 percent
  • Eisenhower (1953-60), 3 percent
  • Nixon (1969-74), 2.8 percent
  • Ford (1975-76), 2.6 percent
  • G.H.W. Bush (1989-92), 2.3 percent
  • G.W. Bush (2001-08), 2.1 percent
  • Truman (1946-52), 1.7 percent
  • Obama (2009-16), 1.6 percent

President Obama was so bad there was a book written about him.

Obama Presidency, The worst president in history, the legacy of Barack Obama

Well, it’s finally time to turn the page and start making America great again.

 

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