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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.
On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.
Barack Obama will be lucky to average a 1.55% GDP growth rate.
This ranks Obama as the fourth worst presidency on record.
Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
According to Louis Woodhill, if the economy continues to perform below 2.67% GDP growth rate this year, President Barack Obama will leave office with the fourth worst economic record in US history.
Assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%)
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Obama on pace to be first president to not deliver 3% GDP growth in any year during his presidency: talk about historic
Posted by:
DEM Fail #793
()
Date: April 29, 2016 03:46PM
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.On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.
Barack Obama will be lucky to average a 1.55% GDP growth rate.
This ranks Obama as the fourth worst presidency on record.
Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
According to Louis Woodhill, if the economy continues to perform below 2.67% GDP growth rate this year, President Barack Obama will leave office with the fourth worst economic record in US history.
Assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%)
Re: Obama on pace to be first president to not deliver 3% GDP growth in any year during his presidency: talk about historic
Posted by:
Council Econ Advisor to Barry
()
Date: April 29, 2016 03:54PM
I'd like to add that the lack of GDP is largely a factor of the racist behavior exhibited toward the president.
LOL.
LOL.
Re: Obama on pace to be first president to not deliver 3% GDP growth in any year during his presidency: talk about historic
Posted by:
Safe Space DEM
()
Date: April 29, 2016 03:56PM
I believe the term is "structural inequality".
Re: Obama on pace to be first president to not deliver 3% GDP growth in any year during his presidency: talk about historic
Posted by:
bEevx
()
Date: April 29, 2016 04:50PM
wage disparity BETWEEN working class and gov workers has become infamous - was
private wage in mid 90's
2x private wages late 90's
3x-15x private wages somewheres in 2000's
women are doing infamously well (own apartment often house without any help "from males") but still saying in gov statistics (which women are creating!) that they are less hired and lower paid. skank!!
private wage in mid 90's
2x private wages late 90's
3x-15x private wages somewheres in 2000's
women are doing infamously well (own apartment often house without any help "from males") but still saying in gov statistics (which women are creating!) that they are less hired and lower paid. skank!!
Re: Obama on pace to be first president to not deliver 3% GDP growth in any year during his presidency: talk about historic
Posted by:
pctXC
()
Date: April 29, 2016 04:51PM
kick my balls why don't you, obama!
Re: Obama on pace to be first president to not deliver 3% GDP growth in any year during his presidency: talk about historic
Posted by:
VEN
()
Date: April 29, 2016 06:43PM
he's just piling up massive debt and unfunded liability for our kids to worry about. what a dick.