Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Its Official: Obama Presidency Had Worst Economic Growth Since World War II 4th Worst in History!
GP ^ | 04/02/17 | Jim Hoft

Posted on 04/03/2017 4:31:39 AM PDT by Enlightened1

Jonathon M. Trugman at the New York Post reported this week that the final numbers for the Obama Administration are in and they are abysmal:

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.

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.”

By February of 2016 it was clear that Obama had given up on economic growth. Obama’s Congressional Budget Office (CBO) forecasted in early 2016 that America will never see 3.0% economic growth again.

As a result of his failed economic policies, Obama now ranks as the fourth worst presidency on record in GDP growth at 1.6%. Only Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%) currently have lower average annual GDP growth than Barack Obama. In addition, Obama has the lowest annual GDP growth rate of any President since World War II.

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Philosophy
KEYWORDS: growth; obama; worldwarii; worst
Barack Obama is the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.

Here are the average growth rates for each president since World War II:

Obama’s economic policies failed America and resulted in 95 million without work, the debt at an astronomical $20 Trillion and more Americans on Food Stamps than ever before. 

Obama left America in a mess!

See the following for additional reasons why Obama was the ‘Worst. President. Ever’:

Worst. President. Ever: Obama’s the Most Racist President in 50 Years – Since Democrat LBJ
Worst. President. Ever: Obama’s Failed Stimulus
Worst. President. Ever: Barack Hussein Obama’s Disdain for Christians and Jews
Worst. President. Ever: Obama’s Involvement in Hillary’s Criminal Email Activities
Worst. President. Ever: Obama’s Open Borders and Anti-US Immigration Actions
Worst. President. Ever: Obama’s Contempt of US Military Might
Worst. President. Ever. Will Obama Ever Be Charged in Court for His Many Lies to American People?
WORST. PRESIDENT. EVER: Obama’s Many Lies about the Benghazi Terror Attack
WORST PRESIDENT EVER: Obama’s Historically Low Home Ownership Rates
WORST PRESIDENT EVER: Obama Created ISIS – And Now the Killer Group Is Active in 17 Countries
WORST PRESIDENT EVER: Obama’s Libyan Catastrophe Unleashed Hell on Middle East and Europe
WORST PRESIDENT EVER: Obama’s $20 Trillion Debt an Unprecedented Disaster
WORST PRESIDENT EVER: Obama’s Actions and Inaction Created the Current Nightmare in Syria
WORST PRESIDENT EVER: Obama’s Signature Bill – Obamacare – Is a Complete Disaster
WORST PRESIDENT EVER: Obama Gave Billions to the World’s Leading Terrorist State Iran
WORST PRESIDENT EVER: Obama’s Food Stamp Nation
WORST PRESIDENT EVER: Obama Ignited Riots in Ferguson Over ‘Hands Up, Don’t Shoot’ Lie
WORST PRESIDENT EVER: Obama Released Taliban 5 for Deserter Bergdahl- Current Whereabouts Unknown
WORST JOBS PRESIDENT EVER: Obama’s 94 Million Jobless Americans
Worst President Ever…GDP Growth Shrinks by 0.7% in First Quarter
Alan Dershowitz GOES OFF on Obama: Worst Foreign Policy President Ever
Worst President Ever… Obama’s Legacy – Destruction of US Middle Class
TRUMP HITS OBAMA: His Ignorance Is Why He’s “Worst President in US History”
Voters Rate Obama Worst President in 70 Years
Donald Trump Slams “Make-Believe” Obama “Most Certainly the Worst President in US History” at FL Tea Party Rally
Dick Cheney Slams Obama: Carter no Longer Worst President of Our Lifetime (Video)
MUST SEE VIDEO>>> Chicago Inner City Blacks GO OFF on Obama Over Illegal Immigration “Worst President Ever”
It’s Official – Obama Is Worst President in History on Job Creation; Worse Than Hoover on Job Losses
Rep. Michele Bachmann: Obama Is Worst President Ever… “No Question” (Video)

 

1 posted on 04/03/2017 4:31:39 AM PDT by Enlightened1
[ Post Reply | Private Reply | View Replies]

To: Enlightened1

Yeah but if he had just 8 more yea...


2 posted on 04/03/2017 4:33:58 AM PDT by albie
[ Post Reply | Private Reply | To 1 | View Replies]

To: albie

Dat be because the country racist and prejudice against him. Had they not been they would have defeated his budgets and regulation blitz.


3 posted on 04/03/2017 4:43:50 AM PDT by Mouton (There is a new sheriff in town.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Enlightened1

“worst” depends on your outlook. “lowest”, “smallest” and words like that are correct because the numbers matter and it’s an objective statement.

If your ideal economy looks like Cuba or Venezuela, Obama could be called the “best”.


4 posted on 04/03/2017 5:20:59 AM PDT by LostPassword
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

bkmk


5 posted on 04/03/2017 5:21:07 AM PDT by Oratam
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

I’m certain that his number is inflated by quite a bit. We didn’t even start coming out of the 2009 recession until after Trump was elected. People (businesses) had no hope prior to that.


6 posted on 04/03/2017 5:22:20 AM PDT by John O (God Save America (Please))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

I’m certain that his number is inflated by quite a bit. We didn’t even start coming out of the 2009 recession until after Trump was elected. People (businesses) had no hope prior to that.


7 posted on 04/03/2017 5:22:27 AM PDT by John O (God Save America (Please))
[ Post Reply | Private Reply | To 1 | View Replies]

To: LostPassword; All

Anything below 2.0 is considered Recession.

Furthermore, if you get 3 quarters in a row below 2.0, then it’s considered a depression.


8 posted on 04/03/2017 5:24:39 AM PDT by Enlightened1
[ Post Reply | Private Reply | To 4 | View Replies]

To: Enlightened1

Obambi and his fellow travelers put many items into Obambicare in order to hinder economic development. They all believe that America is too rich (except for the rich libs). One of the main provisions was that 30 hours a week is full-time work. Many, many businesses immediately cut everyone to just 29 hours a week, thus the businesses did not have to provide health insurance. Another main provision was any business with 50 or more employees HAD to provide health insurance. So, many businesses cut total number of people, while others made sure not to expand to 50. Instead of the unbridled growth that usually occurs after a recession, the recession never really ended, they just cooked the books to appear there was ‘some economic growth.
Creepozoids all.


9 posted on 04/03/2017 5:48:56 AM PDT by Ronaldus Magnus III (Do, or do not, there is no try.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ronaldus Magnus III

Good explanation of Obummer stifling the economy


10 posted on 04/03/2017 6:00:36 AM PDT by Luigi Vasellini (political class.......TERM LIMITS NOW!!!!!!!!!!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Enlightened1
... fourth-quarter 2016 gross domestic product. The number came in at a paltry 2.1 percent,...

It's that high only because folks were pumped to do something after President Trump was elected. Two-thirds of the fourth quarter was under President-elect Trump.

11 posted on 04/03/2017 6:01:00 AM PDT by Road Warrior 04 (Molon Labe! (Oathkeeper))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Excellent work on links to worst presidents ever


12 posted on 04/03/2017 6:02:13 AM PDT by Luigi Vasellini (political class.......TERM LIMITS NOW!!!!!!!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

COME ON

obama di his job.... the job he was selected to do by the deep state, commies and the house of saud...

WRECK AMERICA and promote WAR and ISLAM

and he suceeded at all three.......


13 posted on 04/03/2017 7:12:14 AM PDT by zzwhale (ho2)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Obama’s only goal was to undermine the country and end unity his records are not sealed just for the hell of it.
His push for anti white and socialism has failed and liberalism is dead.


14 posted on 04/03/2017 7:16:11 AM PDT by Vaduz (women and children to be impacted the most.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

And I would like to thank all Americans who vote for this record breaker not just once but twice, Thank you.


15 posted on 04/03/2017 7:48:50 PM PDT by 2001convSVT (Going Galt as fast as I can.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson