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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Soul Glow's picture

Soon to be joined by Trump.

King Tut's picture
King Tut (not verified) Soul Glow Jan 27, 2017 12:03 PM

Credit Super Cycle should have ended in 2008- it was just delayed by 10T in debt.

Philo Beddoe's picture

Should be fun to see if they can delay it another 8 years with 20T. Maybe, we can build walls around each state and a sea train from Juneau to Honolulu. 

Kirk2NCC1701's picture

There's always "To the Moon, Mars and Beyond!" to increase our patriotic debt beyond the Stratosphere. Literally.

And the first WARP Drive wasn't exactly cheap either.  ;-)

Kirk out.

GeezerGeek's picture

.GOV has put the economy in WARP mode as our debt boldly goes where America has never gone before.

boattrash's picture

...and the shock factor of that report is somewhere between Zero and I told you so...

Secret Weapon's picture

After dumping 9T in debt onto the pile this obviously shows that QE and government intervention in the "free" markets doesn't work.  Except of course for those on the government tit. 

GeezerGeek's picture

We need a chart (yes, another chart) showing how much government grew each year and compare it to how much GDP grew. A series of vertical bars per year would be nice. And add in the yearly increase in US Debt as a third figure. The bars can be green for positive GDP, brown for negative, red for debt, and gray for government.

richie0496's picture

The Cheeto will have NEGATIVE GDP

 

TIMESTAMP THIS POST

larz's picture

Give the man a chance he is taking action at least it may just work it's different it's change but give the f'n guy a chance. The progressives just will not relent so yes timestamp that stupid post

King Tut's picture
King Tut (not verified) larz Jan 27, 2017 12:05 PM

moar debt- that's all Orange Jesus ( or anyone else) can do

larz's picture

Probably but hopefully not  I'm just glad I don't have the job.  

Skiprrrdog's picture

When did we have a nigger president? Why wasnt I told about this???

all-priced-in's picture

But Obama was the most successful black POTUS ever - 

 

 

/s/ 

 

 

 

Bill of Rights's picture

All those trillions, and not a single fucken thing to show for it. But hey Obama and his Husbands Net worth went up and thats all that counts right?

UnschooledAustrianEconomist's picture

Approx. one trillion additional debt every year, and no major growth at all.

(global) economy = toast

Skiprrrdog's picture

Dude played golf like a girl... that should have been a dead giveaway...

larz's picture

Yoh insult girl golfers everywhere  careful did you see that march on Washington 

SoDamnMad's picture

Can't wait until his ugly girls go off to school and someone walks up and tells them all the things he daddy fuked up. In your face.  But then again Moochelle will come down and punch the shit out of some innocent kid.  Da GORILLA OF VANILLA

charms's picture

who cares ... he got the peace prize

Peter K's picture

And don't forget the Fed added $3T to its balance sheet.

Your typical affirmative action president, says I....

Bill of Rights's picture
GUCIFFER 2.0: TARP money laundered to DEMOCRAT PACs thru CLINTON FOUNDATION

 

http://newstarget.com/2017-01-26-con-artist-clinton-millions-of-dollars-...

hangemhigh77's picture

This faggot piece of shit should be hanged.

Grandad Grumps's picture

The worst prsident in US history.

Kirk2NCC1701's picture

Beside Lincoln, Wilson and Truman?

juicy_bananas's picture

Is it too late to blame Bush?

hangemhigh77's picture

But the bankers are rich so what's the problem. What's the GDP for mansions expensive cars and whores?

Consuelo's picture

 

 

Articles like this give me a chuckle - or is it indigestion...?  

 

In short, the American public has been so dumbed-down over the decades by the public school system, media and grandstanding politicians, that they only know 1/3 of the governmental system, and that 1/3 does EVERYTHING and is responsible for EVERYTHING.   The presidency-as-King in other words.

- Economics?  The President is responsible

- Your queer rights?  The President is responsible

- Bullying at school?  The President is responsible

- Women's issues? The president is responsible

- Foreign interventions? The President is responsible 

- Environmental issues? The President is responsible

- Your self-esteem? The President is responsible

- Race relations? The President is responsible

 

Is it any Fucking wonder...?

richie0496's picture

GIVE THE CHEETO A CHANCE

 

WAAAAAAAA

 

 

WAAAAAAA

 

LMAO

 

How many of you fuck your goats?

BabaLooey's picture

Idiot Community College called, looking for you.

They want you to speak at a lecture to fellow stupids on how to;

Post like a Nincompoop

Display Your Idiocy Like A Champ

You graduated at the top tier of their classes, showing remarkable consistency in being stupid as shit.

Well done.

richie0496's picture

GIVE THE CHEETO A CHANCE

 

WAAAAAAAA

 

 

WAAAAAAA

 

LMAO

 

How many of you fuck your goats?

larz's picture

Yeah give the Cheeto a chance why not.      Btw I'm not crying. And don't do anything at all with goats wtf is wrong with you

hangemhigh77's picture

If you calculate the proper rate of inflation the GDP is negative. That's what happens when you're busy playing golf and getting boned.

Atomizer's picture

Watched this morning. Enjoy. We love you Bill and Beth. Couldn't figure were to place this. I was in Marco Island last year, you were about to quit.

We work in mysterious ways. Love your numbers. Keep it up. I don't get paid to help. Just do it. Working on two other sites, I'll never see a dime. Like what they promote. Get them elevated. Do it for free. 

The Fed Declares War on Trump, #1454 - YouTube

Vinividivinci's picture

But he IS the only president to show off his boner to the press...
https://youtu.be/LHk8ToWgPCk

silverer's picture

Maybe the US as a whole didn't do well under President Golfstix, but I think Hawaii did OK.

Elco the Constitutionalist's picture
Elco the Constitutionalist (not verified) Jan 27, 2017 12:08 PM

Alternative-Facts is a buzzword I am hearing professors (the pretentious and conceited ones, at least) throw around a lot. You know, the libtards that think a PhD means they are a superior life form, and not just accomplished.

nukegm's picture

i am sure this GDP FACT is because we are all racists. ( sarc.)

Seasmoke's picture

And that's with the greatest manipulators of numbers in history behind him.

Hohum's picture

No President since Johnson has had growth in any meaningful sense.  And, boys, that's not going to change.

silverer's picture

What's this thing with Johnson? He's the one that took working black people and destroyed their families with welfare. If Johnson had spectacular "growth" (via deficit spending), the US has paid for it many times over with billions in welfare payments. Good old vote buying, transfer of wealth, socialist, black race destroying welfare. And maybe Johnson's growth came from the Vietnam war? Ever hear of that place? So a good deal all around?

Hohum's picture

It wasn't because of Johnson's brillance.  It was because the USA could easliy "grow" without adding more debt.  Government really started to run up deficits after he left.  In 1970, government deficit was near zero(the feds) and total debt across sectors 1.5T.

richie0496's picture

Curious, who has a Masters or PHd here???

 

lol

larz's picture

Sounds like you might.                                                                                                                                   ,                                                                               LMAO.                                                                                ,,     ,,                                                                                                                                                          Wtf is wrong With you

cheech_wizard's picture

Why, are you self-identifying as a short bus rider?

 

williambanzai7's picture

Putin did that with W.

ajkreider's picture

This is maybe the dumbest stat in the history of stats.  20 years of 2.9% growth would be a friggin golden age economically.  "But we haven't gotten to 3%". 

 

And this, in a world where Japan and the EU have grown at 0%.

WTFUD's picture

As much as i believe Trump's a Good Thing, the Good-Times ain't Ever coming back . . for the vast majority.

sTls7's picture

Well,   perhaps we really had a GREAT DEPRESSION,  not recession and it's taking a lot longer to climb out of this than all the econcomists...  i.e.  Paul Krugman  said it would.