Sunday, June 02, 2013

Economically, Could Obama Be America's Worst President?

From Forbes

"Even Jimmy Carter produced 4 times as much economic growth during his one term as Obama did during his entire first term. In fact, as Anderson notes, real GDP growth under Obama has been the worst of any President in the last 60 years!

But it’s even worse than that. Obama’s real GDP growth has actually been less than half as much as the worst of any President in the last 60 years. In other words, even if you doubled actual GDP growth under President Obama, it would still be the worst record of any President in the last 60 years!"

"Even if the economy finally breaks out into some real growth during this year, that is only because of the long overdue real recovery that is still straining to break out inside this economy, as indicated by the data above for 1936, in the depths of the depression, and the postwar boom that started in 1950. That and the startling Reagan recovery from the 1970s are the standard for Obamanomics. Don’t be fooled by some way overdue short term growth spurt this year that just reflects the basic cycles of the economy. Unless the fundamentals of Obamanomics are changed, the result will be long term stagnation compared to the historic, world leading, booming economic growth of the American Dream."
Read the article here.

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