Barack Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth

Tyler Durden's picture

Following today's extremely disappointing US GDP growth data, we have the final nail in the coffin of President Obama's economic reign. Not only is the average annual growth rate of just 1.48% during Obama's business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.

An average annual GDP growth of 1.48% during Obama's two terms...

 

As a reminder to a few blinkered media types, this means President Obama's "recovery" has officially been the worst recovery in US history (despite adding almost $10 trillion to the national debt)...

 

And worse still, Barack Obama is the only president in US history to never have a year of economic growth over 3.0%...

As we noted previously, every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent.  But this has not happened under Obama even though he has had two terms in the White House.

As a reminder, this dismal economic track record came at the same as President Obama almost doubled the National Debt...

When 'fake news' and 'peddling fiction' meet 'alternative facts'.

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So Close's picture

So far...  This turd of an economy Trump has inherited (At the very end of the business cycle) is no gem.  And guess who will get blamed.

IridiumRebel's picture

Well he blamed Bush for his whole presidency. Now we can do the same to him. Thanks Obama.

FreezeThese's picture
FreezeThese (not verified) IridiumRebel Jan 27, 2017 11:51 AM

That approval rating tho ;-)

remain calm's picture

Which is even more pathetic if you think he created 10 TRILLION DOLLARS in debt to get those putrid number. Way to go asshole.

VinceFostersGhost's picture

 

 

Worse President.......EVA!!!

froze25's picture

Hey man cut him some slack is was only their to do what he was told to do. He was only a puppet.

King Tut's picture
King Tut (not verified) froze25 Jan 27, 2017 12:11 PM

Coming to that realization would involve critical thinking by ZH mouth-breathers 

jomama's picture

Most here just want to jerk off to Melania and Orange Jesus.

Save_America1st's picture

lets not forget that all those GDP numbers for all these years have been lies.   the true numbers are much lower.   check John Williams ams Shadow Stats for real GDP. 

couple that with much higher inflation than the gov-scum always reports which has been around 6 to 9% and we have actually been running in the negatives all these years. 

then remember that these assholes also have been including the unconstitutional obamacare jnto the GDP,  which is fucking ridiculous yet it has been added in as the largest contributor to their fake GDP numbers! 

overall taking all that bullshit into account since we dont really make anything of substance compared to being a 75% service and borrowing economy, with massive unemployment/underemployment,  and we could easily be looking at real -10% or worse true GDP numbers. 

The Saint's picture
The Saint (not verified) Richard Chesler Jan 27, 2017 12:51 PM

That's what happens when you elect a baffoon community organizer as President.   Not A Clue Obama.

BTW, that approval rating - Obama's average approval rating was lower than Bush.  Lower than Nixon.

http://www.cnsnews.com/news/article/terence-p-jeffrey/479-obama-had-lowe...

 

Bay of Pigs's picture

Froze, King Tut and jomamma.

Talk about ZH mouth breathers.

robertsgt40's picture

Please take note of the graph that shows GDP growth in the 30s. It was moving along fine until it hit the speed bump in 1937. That was the year the Fed decided to jump interest rates.  Oops 

Longarm's picture

Says the pivot man at a circle jerk.

cheech_wizard's picture

So you've finally come out of the closet for Trump?

Standard Disclaimer: I'd make some lame comment about going blind, but I already see your avatar lost it's eyes a long time ago.

Government needs you to pay taxes's picture

Some of us prefer to jerk off to fuzzy animals.  I prefer Wookies!

NewHugh's picture

Well you can continue to suck Barry and Mike's dicks, shill.

Longarm's picture

That's right, bought and paid for and people think there's no slavery.

Mr. Bones's picture

Bad stats for Supreme Court challenges, bad stats for economics, what was he even good at?

Got The Wrong No's picture

Apparently nothing. I remember another ZH poster saying the following

"Barky even fails at being a nigger...seriously, how hard is that?"

Whoa Dammit's picture

Maybe because government at federal, state & local levels is full of people like this:

http://www.wsbtv.com/news/local/atlanta/city-executive-arrested-off-the-...

Bettina Gardner, who served as Mayor Kasim Reed's deputy director of international affairs, was arrested on Peachtree Street around 10:30 p.m. on Jan. 19.

According to a police report, she was so drunk and belligerent that she was denied entry into the Hooters and got kicked out of the Hard Rock Café.

In the report, Gardner is described as very drunk, boisterous and cursing along the sidewalk.

When she was handcuffed, Gardner allegedly told police thatshe did not like the "slave shackles," and she told one restaurant manager that being escorted from the bar was "racially motivated."

To keep Gardner from being uncomfortable in a patrol car during the city jail's shift change, police say they relocated her to the zone five precinct and handcuffed her to city-issued holding benches. While there, they say she “started banging her hands on the bench and back wall. She also tried to flip herself upside down."

She also told them that she had "people in Washington," according to the report.

Finally, the report says Gardner "threw herself down in a puddle of water" screaming "police brutality" during the attempt to transport her to jail.

cheech_wizard's picture

Standard Disclaimer: SSDDN... same shit, different dindu nuffin...

pods's picture

Those are the times when you accept your situation and STFU.  

You never go full retard.

pods

hibou-Owl's picture

10T for what!

No sustainable benefit, just killed alot of people.

Dumb nigger, full of shit

BabaLooey's picture

You STILL are shilling those fucking stupid polls huh?

Polls rhymes with TROLLS....and that you are.

FUCK Soetero and his landfill of SHIT that Trump inherited.

The unwind is going to take years.

King Tut's picture
King Tut (not verified) BabaLooey Jan 27, 2017 12:12 PM

Nothing Moar debt won't solve.

CheapBastard's picture

'if you want to keep your dgp growth, you can keep your gdp growth.'

BennyBoy's picture

 

 Mission Accomplished!

BullyBearish's picture

I wonder if it has anything to do with the fact that the U.S. has been at war for EVERY DAY of his presidency...

Got The Wrong No's picture

War is good for GDP. It would have been worse without it. 

Ballin D's picture

war for every day of his presidency, not a single year of 3% growth, and top 5 increases in stock market price in the last century.  wonder how the story of that divergence ends.

drendebe10's picture

Wutta fukn loser the illegal Indonesian kenyan alien muslim fudgepacker imbecile is. 

Potato Farmer's picture

If raw material prices are at parity (balanced with the costs), there will be enough national income generated through the trade turn for consumers to consume their own production...without needing to resort to debt to make up for the income shortfall.

That simple.

The_Gauntlet's picture
The_Gauntlet (not verified) So Close Jan 27, 2017 12:20 PM

the jews?

buckstopshere's picture

He is like Maduro dancing away while the country goes down the tubes.

Kirk2NCC1701's picture

1. FAR worse than the "poor growth", is the $10 Trillion in Bankster Debt, with which he saddled us.

2. If you study the chart in detail -- zoom in, MFer! -- you'll see that the "Shabbos Goy" Harry fucking Truman was FAR worse. Just look at the 1945-1949 era: horrible !

And he was the smegma fucker, who recognized Israel within minutes of its declaration of Independence. No wonder the Banksters hedged their bets, and made sure he was FDR's VP.  RIH*, Truman!

* Rot In Hell

jamesmmu's picture

MSM wont mention it.

IntercoursetheEU's picture

Golf handicap much more important

Snípéir_Ag_Obair's picture

he also had the most faggoty golf swing.

Perhaps these are related items.

richie0496's picture

LMAO... are you kidding me and Bush had nothing to do with this???... THE SPIN IN THIS ROOM IS REAL...

larz's picture

Bush's fault thanks for the reminder wtf 

Philo Beddoe's picture

His name was Ben god dammit. Ben S. Bernanke. 

Not sure this poor Bush fellow you mention had the ability to do much more than tie his own shoelaces. 

WTFUD's picture

. . . and that on a good day!

Kirk2NCC1701's picture

What's the S stand for?  Satan? Smegma? Saul? Samuel? Shmuel? Sanhedrin? Shalom?

NumberNone's picture

Bush can't even put on a rain poncho.  Much like Obama he just sat back and let others run the show and stuff their pockets with free government money.  Obama only inherited from Bush what was set in motion under Clinton.  

drendebe10's picture

W was/is dumber than a box of cat turds. Because of that idiot, the country got screwed wit the illegal Indonesian kenyan alien muslim fudgepacker imbecile. 

Got The Wrong No's picture

Bush was responsible for Hillary losing also. When will the Dems take responsibility for their own shit. You Clowns lost over 1,000 elected positions because of your bullshit. 

You will never learn.