Drudge Report headline about Obama economy
U.S. President, Barack Obama, much like his
predecessor, George W. Bush, has been hiding the true state
of the American economy. A report released this week reveals
the U.S. economy has hit an unprecedented low under President Obama. If
Obama had spent more time concentrating on America's
finances and less time partying with Hollywood in the White
House and meddling in Britain, this wouldn't be happening.
Barack Obama
The report reveals Obama officially has the
worst GDP rate in American history. George W. Bush
created the financial crisis with his terrible spending and
poor governance. Obama spent even more money than Bush,
which made America's financial problems worse. Obama also
spent a massive amount of time trying to get even with people over perceived wrongs he
felt occurred against him, abusing his post as president.
FBI Director James Comey, former FBI Director Robert
Mueller and U.S. President Barack Obama
Bush and Obama have opted to cover up the
true extent of the financial problems in America and in
doing so have done the nation a great disservice. It has
created a black mark on their respective legacies. America needs
austerity for a time. There's no way around it at this
point. Anyone telling you otherwise is being deceitful.
STORY SOURCE
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
Jim Hoft Apr 28th, 2016 11:12 am - 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 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%).
