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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orangegeek's picture

Snowflake mentality,

 

Snowflake leader,

 

Snowflake shitbag results.

wisetrader224's picture
wisetrader224 (not verified) orangegeek Jan 27, 2017 11:45 AM

We need to be careful applyuing these stats as if the president ever causes anything real in the economic scene. 

But Obama was truly an idiot.  

orangegeek's picture

Obama appointed yellen - Obama ran the debt and yellen printed. 

 

Yes, we need to be careful.

Allen_H's picture

It was not even 3%, that is just a fudged up number, like the fudged up dingle-berry bathouse.

timewavezero's picture

Well let's be fair, history doesn't start in 1949. 

timewavezero's picture

Well let's be fair, history doesn't start in 1949. 

vegas's picture

Racist facts are tough to deal with aren't they Snowflakes?

 

www.traderzoogold.blogspot.com

P'Od_Accountant's picture

its called net energy decline

 

moneybots's picture

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

 

Not a fact likely to be heard by way of the nightly network news program anchors.

VooDoo6Actual's picture

Really shoudln't come as any surprise. Obozo was installed to destroy America from within by CFR as a CIA asset. All the metadata is stored, data collected on people, habits, trends looking for an out for the real EU - Central Bankers that own America. America is a Republic Demorcracy. The Republic part is ruled by Central Bankers runs the Shadow Government MIBC & the Democracy is the populace. This is why the diaspora & Hijrah were done. It was avious invasion as Obozo made a Fire Sale to the ignorant refugees who had nothing to lose. To physically change the compositon & voting populace in an effort to bake in the results & candidate they wanted which was Hitlery. Doesn't really matter as the Zionist / Kharzarian Mafia of Rothschild & Rockefeller still call the main shots within the Shadow Government & Trump still answers to them. Comey et al are clues pllus much of his cabinet & staff are Ashkenazi. It's a shit sandwhich & Obozo was a tool - Trojan Horse that performed exceptionally well for them. America got played & continues to get played today.

Davidduke2000's picture

Yet he was churning fake and fraudulent news on an industrial scale.

Weirdly's picture

It will be worse for Trump.  The shale boom is over and oil is harder and harder to pull up.  Then add in increasing interest rates on $20,000,000,000,000 and there is no way this economy grows 3%.  

Sam Spayed's picture

He added $10 trillion to the national debt and not a single year above 3% growth??? HOLY SHIT!!! What an outrageous failure!!!

angry_dad's picture
angry_dad (not verified) Sam Spayed Jan 27, 2017 3:34 PM

lesson learned;

never give a jabroni a credit card

MartinPolitics's picture

As Alternative facts metastasize in our mainstream media, this could not come as more clear than water

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

 

Check out why our Democracy is Failing http://truthouthere.com/index.php/news/213/

whoisjg's picture

shadowstats.com

 

We only have had one positive quarter of growth and that was in 2005. all the rest have been negative, hidden by fake inflation rates.

 

GIVE THE CHEETO A CHANCE

stop the H-1B its FREAKIN GENOCIDE

rocknrollinhoneybadger's picture

How could he? He was more interested in which bathroom people were using and gay  marriage. It is a misfortune that our nation had 8years of that that. 

angry_dad's picture

The usa has been mismanaged for 30 years

rocknrollinhoneybadger's picture

True, but it takes special stupidity to double the national debt in 8 years and produce piss poor results.

angry_dad's picture
angry_dad (not verified) Jan 27, 2017 3:32 PM

How many other presidents doubled the national debt?

How many other presidents ran 8 years of continuous war?

How many other presidents refused to investigate bank and equity fraud?

How many presidents lost over 1,000 leadership seats for their party?

How many other presidents engineered the greatest transfer of wealth in the history of the planet?

How many other presidents told as many lies as Obama?

How many other presidents bailed out the wall street fraudsters with $16 TRILLION?

How many other presidents enabled the massive collapse of the black middle class?

How many other presidents enabled a colossal opioid crisis?

How many other presidents institutionalized the fake news business?

How many other presidents pardoned over 1700 convicts?

How many other presidents allowed their entire cabinet and VP selected by banks?

How manay other presidents allowed the us health care system to be controlled by industry lobbyists?

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What you see here is the genesis of a new TV show;

HOW MANY OTHER PRESIDENTS HAVE,,,?