Friday, October 26, 2012

Obama Racks Up Worst GDP Record In Post-War Period

President Obama has the dubious distinction for the very worst GDP record, measured November on November, of any president in the post-war period.

And that's saying a lot when you consider that George W. Bush had been the worst before Obama,  with his average report of GDP over 32 quarters of just 2.0%, which was worse than his dad who over four years posted a 2.2% average report. Hell, Jimmy Carter's record at 3.0% is to die for compared to the Bushes.

But Obama comes in with a pathetic, ridiculous average report of GDP over 16 quarters of just 0.86%, over twice as bad as Bush.

No wonder it seems like a depression. Considering Obama had complete control of the government in 2009 and 2010, his 1.9% average report for just 2011 and 2012 to date speaks for itself. We're not working. What Obama is doing isn't working. He may have a nice crease in his trousers, but the suit is as empty as the chair in The Oval. 

Here's the table from the pdf of today's report of GDP from the BEA: