Newly Released Financial Data Reveals America Has Hit An Unprecedented Economic Low Under President Obama

April 29. 2016

Drudge 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.

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

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%)

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