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Obama’s just like Reagan… Except when he isn’t.
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 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.Obama will be the only president in history that did not deliver a single year of 3.0% growth rate.
Barack Obama will be the only U.S. president in history that did not delivera 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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