GDP growth under Obama was worst in decades

GDP growth under Obama was worst in decades

GDP growth under Obama was worst in decades

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With Thursday’s final revision of fourth-quarter GDP growth to 2.1 percent from its previous 1.9 percent level, President Obama is the only president since Herbert Hoover to not have guided the US economy to 3 percent growth in any year he was in office.

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The US economy grew 1.6 percent in 2016 from the previous years, according to the Commerce Department, which tracks GDP.

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Obama’s best year, as far as growing the economy, was 2015 when it grew 2.6 percent from 2014 — after growing 2.4 percent that year from 2013.

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The recovering economy — and steady job growth — gave Obama lots of momentum, but the economy sputtered again last year, Commerce reported Thursday.

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The government attributed the upward revision in fourth quarter GDP to higher than expected consumer spending in the October-December period.

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But even with the upward revision, the US economy was in no danger of achieving 3 percent or better growth last year.

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Read More:

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GDP growth under Obama was worst in decades | New York Post

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My Thoughts:

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Nice bang up job there Barack, guess we’ll have to see what a business man can do. Even in his first 60 days in office, Trump had reduced the national debt, brought down the cost’s of various government procurements by 1/4th. Numerous companies have said they will bring thousands of jobs to our country and are willing to build businesses here now. Sounds like Trump is on the positive side of the bringing our economy back from the Obama years.


Source: USA Carry

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