It’s Official: Obama Presidency Had Worst Economic Growth in Modern Era – 4th Worst in History!
by Joe Hoft
TheGatewayPundit.com
Apr 2nd, 2017
Jonathon M. Trugman at the New York Post reported this week that the final numbers for the Obama Administration are in and they are abysmal:
“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.
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.”
The Rest…HERE
