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Barack Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth
by Tyler Durden
Fri, 01/27/2017 - 10:41
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Following today's extremely disappointing US GDP growth data, we have the final nail in the coffin of President Obama's economic reign. Not only is the average annual growth rate of just 1.48% during Obama's business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.
An average annual GDP growth of 1.48% during Obama's two terms...
As a reminder to a few blinkered media types, this means President Obama's "recovery" has officially been the worst recovery in US history (despite adding almost $10 trillion to the national debt)...
And worse still, Barack Obama is the only president in US history to never have a year of economic growth over 3.0%...
As we noted previously, every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent. But this has not happened under Obama even though he has had two terms in the White House.
As a reminder, this dismal economic track record came at the same as President Obama almost doubled the National Debt...
When 'fake news' and 'peddling fiction' meet 'alternative facts'.
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