Apr 28th, 2016
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
Jim Hoft
thegatewaypundit.com
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%).
http://www.thegatewaypundit.com/2016/04/simply-worst-obama-first-president-ever-not-see-single-year-3-gdp/
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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