Under the Reagan administration, there was an annual real GDP growth of 3.5% but under Barack Obama we’ll be lucky to average a 1.55% GDP growth rate and that ranks Obama as the fourth worst presidency on record.
The Gateway Pundit reports,
Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
Obama will be lucky to average 2% growth in his final year in office.
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%)
And as far as job growth Barack Obama has been a complete failure — despite what he says.
Barack Obama likes to boast about creating jobs and the liberal media establishment lets him get away with it but here is the truth —
Obama’s purported job creation has not kept up with population growth according to DC Whispers.
Contrast that to the Ronald Reagan years when job creation greatly outpaced population growth. During the Reagan years those who wanted to work could work. The GDP and job growth was strong.
Read more at The Gateway Pundit