- Barack Obama is the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
- Obama has the lowest annual GDP growth rate of any President since World War II.
Barack Hussein Obama as worst president in history is no fake news!
Jonathon M. Trugman at the New York Post reported this week the final numbers of the ‘Great Recession’ under Obama’s majestic administration, suppressed by the liberal media to protect the manufactured president of the Democrat Party:
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. Under Obama, the GDP growth was a pathetic 1.6% instead of average 3.79%.
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.”
In addition, Obama has the lowest annual GDP growth rate of any President since World War II.
Here are the average growth rates for each president since World War II:
- 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
In a 2016 Wall Street Journal piece, James Freeman noted that in a study of economic downturns in the U.S. and elsewhere since 1870, that the growth rate of US per capita GDP from 2009 to 2011 should have been around 3% per year, rather than the 1.5% that Obama accomplished.
Co-Author Matt Margolis on his book – “The Worst President in History: The Legacy of Barack Obama“.
This book is a compilation of 200 inconvenient truths about Obama’s presidency: His real record on the economy; the disaster that is Obamacare; his shocking abuses of taxpayer dollars; his bitterly divisive style of governing; his shameless usurping of the Constitution; his scandals and cover ups; his policy failures at home and abroad; the unprecedented expansion of government power… and more. All the facts, the facts that will shape his legacy, are organized into chapters by subject heavily sourced with 1,100 endnotes.
SOURCE: The Gateway Pundit – It’s Official: Obama Presidency Had Worst Economic Growth Since World War II – 4th Worst in History!