Obama First In US History To Not Reach 3% Economic Growth
The
Obama administration is scurrying to blame anyone other than themselves for the complete failure that will go down as
the fourth worst economic Presidency in
American History.
Obama is closing in on the embarrassing distinction of being the only
U.S. President in
American history to fail to oversee even one year of
3.0% economic growth.
Jim Hoft of the
Gateway Pundit writes "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. 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."
Woodhill of
Real Clear Markets writes "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%)”
Furthermore, Herbert Hoover’s presidency began right at the beginning of the
Great Depression. Andrew Johnson,
Lincoln’s Vice President only escaped the same fate as
Honest Abe because his would be assassin
George Atzerodt got drunk.
Johnson then proceeded to oversee the mountainous task of reconstruction in the wake of the
American Civil War. And
Teddy Roosevelt became
President after McKinley was killed by an anarchist.
Having survived the
Great Depressions of the
19th Century Roosevelt then went on to endure the
Panic of 1907 and ensured future economic growth by waging war on corporate corruption by filing no less than 40 antitrust suits against the robber barons of the emerging
20th Century. Obama simply inherited
George Bush’s baton of NAFTAesque trade deals, but rather than diminishing the damage waged on the
American worker as he promised in his campaign speeches. Obama expanded the trade deals into sovereign killing
New World Order behemoths and promoted them in secret for the globalist corporate banisters that financed his career.
It appears a disclaimer is in order considering the current climate branding any open minded discussion of…well just about anything to be racist. In my humble opinion, Obama isn’t the worst President in history because he is black.
It’s because he truly is perpetually mindful when it comes to responding to the will of the globalists and completely detached from the will of the
American people.
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