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Does anyone here even know what the "deflator" part of the GDP calculation is? Had they used the correct deflator in the calculation for the 2nd quarter GDP would have been negative. But yes, all is well, right!
He's the only president ever to not have a year of GDP growth of 3% or higher. In fact, he hasn't even come close to 3%. Congratulations!
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It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″.
The problem isn't Obama. The problem is a government that makes investors fear investing.
Do moonbats hold anyone responsible for anything? He has push more regulations out than any president in history. He has completely destroyed entire sections of the economy like coal. The guy is a HUGE failure and he ONLY in office because he's black. That's it.
Actually, with Bush it's a little different. While Bush did not cause the financial meltdown, he indirectly led to it with all the deregulations. That said, I have never really faulted Bush for it.
I do fault him for giving false intel to congress and pushed us into a war that is still now going on.
I believe it was GW. warning of the deregulation's, that occurred before his terms.
It is congresses job to do something about it.
Or is it rule by executive orders!
He's the only president ever to not have a year of GDP growth of 3% or higher. In fact, he hasn't even come close to 3%. Congratulations!
-----------------
It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″.
He's the only president ever to not have a year of GDP growth of 3% or higher. In fact, he hasn't even come close to 3%. Congratulations!
-----------------
It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″.
Barack is also the first in history to serve two complete terms sending the country to war. When will he surrender his fake "peace prize"???
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