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 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.”