Obama Had Worst Economic Record In Decades
The news is out – but it’s something we’ve suspected for a long time.
Under Barack Obama, America experienced the worst economic growth of any president since World War II.
The U.S. economy grew a pathetic 1.6 percent annually during the eight years Obama occupied the White House. One has to go back to Herbert Hoover to find a more dismal growth rate.
The former president’s best year was 2015, when the economy grew at 2.6 percent after rising from 2.4 percent the year prior, The New York Post reports.
Since World War II, there have been 13 presidents, starting with Harry Truman, who began his administration in the aftermath of a great world war, and yet he still bested Obama on economic growth.
Being the absolute worst of 13 presidents is no small matter. Barack Obama had eight years to get the economy back in shape. George H.W. Bush and the terrible Jimmy Carter only had four years and even they did better than Obama.
Here – according to The Post – are the average growth rates for each President:
- Johnson (1964-68), 5.3 percent
- Kennedy (1961-63), 4.3 percent
- Clinton (1993-2000), 3.9 percent
- Reagan (1981-88), 3.5 percent
- Carter (1977-80), 3.3 percent
- Eisenhower (1953-60), 3 percent
- Nixon (1969-74), 2.8 percent
- Ford (1975-76), 2.6 percent
- G.H.W. Bush (1989-92), 2.3 percent
- G.W. Bush (2001-08), 2.1 percent
- Truman (1946-52), 1.7 percent
- Obama (2009-16), 1.6 percent
On the flip side of the Coin, the first two months of Donald Trump’s administration appears to be headed in the right economic direction. Jobs are up, economic numbers are down, unemployment is down and there is record optimism in the future.