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Obama Economy 4th Worst of Any US President
Posted on 4/28/16 at 4:32 pm
Posted on 4/28/16 at 4:32 pm
Just when you thought it could not get much worse, the Gateway Pundit released this information today:
quote:
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.
Ronald Reagan brought forth an annual real GDP growth of 3.5%.
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%)
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Posted on 4/28/16 at 4:35 pm to BHMKyle
Shocker.
Posted on 4/28/16 at 4:52 pm to BHMKyle
Peter Schiff was saying his unemployment #s were good because so many people were getting laid off from good jobs and having to take multiple jobs to make up for it. I will throw that in here for debate.
Either way its the entire governments role to keep an economy rolling and Bush and Team Red have not done their part. Time to fire the whole duopoly.
Either way its the entire governments role to keep an economy rolling and Bush and Team Red have not done their part. Time to fire the whole duopoly.
Posted on 4/28/16 at 5:03 pm to BlackPawnMartyr
quote:
Either way its the entire governments role to keep an economy rolling and Bush and Team Red have not done their part
Not to be argumentative but isn't this Obama's economy by now?
Posted on 4/28/16 at 5:07 pm to BHMKyle
quote:
Gateway Pundit
ok
Posted on 4/28/16 at 5:54 pm to The Spleen
Yup, well earned downvote.
Posted on 4/28/16 at 6:05 pm to BHMKyle
I'm shocked that a President who has advanced the entitlement generation and reduced the taxpaying generation by millions both directions could cause this to happen.
Posted on 4/28/16 at 6:22 pm to BHMKyle
But is it his fault?
Posted on 4/28/16 at 6:40 pm to BlackPawnMartyr
quote:
Either way its the entire governments role to keep an economy rolling
Funny how when a dem is in office, the economy is dependent on the entire gov't, but when a repub is there, it's all on him.
Posted on 4/28/16 at 6:41 pm to PrivatePublic
quote:
Funny how when a dem is in office, the economy is dependent on the entire gov't, but when a repub is there, it's all on him.
Frickin' amazing, isn't it?
Posted on 4/28/16 at 7:05 pm to BHMKyle
The world economy has been in the shitter for years, dating back to the Bush Administration.
How many countries have experienced significant economic growth over the past 6-8 years? Not many, I imagine.
How many countries have experienced significant economic growth over the past 6-8 years? Not many, I imagine.
Posted on 4/28/16 at 7:35 pm to PrivatePublic
Yea the red team blue team rah rah fans are pathetic i agree. They do the same shite then pretend they are different. Cant blame the establishment for dividing and conquering the idiots. All too easy. So your on team red i see. Well go team go amiright!?!
Posted on 4/28/16 at 7:59 pm to BHMKyle
Bush's fault.
Posted on 4/28/16 at 8:03 pm to BlackPawnMartyr
quote:
Either way its the entire governments role to keep an economy rolling
Huh? The economy grows in spite of the government, not because of it. When government puts undue burden on free enterprise, growth stagnates. Governments divert wealth, not create it.
Posted on 4/28/16 at 8:34 pm to BHMKyle
$17 trillion debt didn't happen overnight. Both parties are addicted to spending and deficits. And it kills me that we now assign to the Executive the role of job creator and economic comptroller. More bread and circus politics for the masses.
Posted on 4/28/16 at 8:40 pm to BlackPawnMartyr
quote:
Either way its the entire governments role to keep an economy rolling
No it's not.
This statement is one of the biggest problems we have in America today
This post was edited on 4/28/16 at 8:41 pm
Posted on 4/28/16 at 8:51 pm to AUbagman
quote:
Bush's fault.
You probably think the Panic of 1837 was Jackson's fault too.
Posted on 4/28/16 at 8:57 pm to AUbagman
You know i could take your post seriously if you had responded to the OP as well. But you didn't which makes me think you are a red team idiot. I do agree with your post. My point was more that both sides are at fault and that they dont work together and their idiot fan boys just blame the other party instead of looking at the reality.
Posted on 4/28/16 at 9:02 pm to BlackPawnMartyr
quote:
You know i could take your post seriously if you had responded to the OP as well. But you didn't which makes me think you are a red team idiot
Well, you'd be the idiot making assumptions. I'm as Libertarian as they come, and have voted as such since I could cast my vote.
But I agree, the two party pitting is dumb and detrimental. It does keep the masses distracted though.
This post was edited on 4/28/16 at 9:04 pm
Posted on 4/28/16 at 9:03 pm to BlackPawnMartyr
So he makes a good point but you can't take it seriously because he didn't respond to the OP? That totally makes sense
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