Report: Obama had a worse impact on the economy than any president in the 70 years previous

Report: Obama had a worse impact on the economy than any president in the 70 years previous

For all the hysterics from the liberal media about Barack Obama saving America from the Great Recession, the numbers say otherwise.

A new report show that Obama completely neglected economic growth during his two terms in office, becoming the worst president in over 70 years in that category.

An average growth rate during his eight years of 1.6% lands him at the bottom of a list of 13 post-World War II presidents, being bested even by Harry Truman, who had to guide the nation out of war.

Ouch!

Via the New York Post:

On Thursday we closed the book on the Obama economic “miracle” — and it’s a miracle we are not in a recession.

Last week the Commerce Department released its third revision for fourth-quarter 2016 gross domestic product. The number came in at a paltry 2.1 percent, meaning that growth during President Obama’s final year in office — the end of an “Error of Hope” — landed with a big thud at just 1.6 percent.

That low-water mark puts the Obama presidency in last place among all the post-World War II presidents when it comes to economic growth.

After a final revision of fourth-quarter GDP growth was released, Obama officially became the only president since Herbert Hoover to have not generated 3% economic growth in any year he was in office. The highest average growth in any calendar year under Obama was 2.6% in 2015.

Donald Trump often cited this statistic on these campaign trail and in fact rode a wave of anxiety caused by the Obama economy to victory in this past November’s election.

Five Thirty Eight reported after the election that Trump “won most counties — and improved on Romney’s performance — where a large share of jobs are vulnerable to outsourcing or automation.”

The new president will have a daunting task of fixing a stagnant economy over his first term and relieving some of that anxiety.

Cross-posted at the Mental Recession

Rusty Weiss

Rusty Weiss

Rusty Weiss is editor of the Mental Recession, one of the top conservative blogs of 2012. His writings have appeared at the Daily Caller, American Thinker, FoxNews.com, Big Government, the Times Union, and the Troy Record.


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