U.S. Has Record 11th Straight Year Without 3% Growth in GDP
Obama has boasted about how he “saved” the American economy. That’s like the mechanic that “fixed” my 0 MPH car so now it will go 10 MPH (when it should be able to goo 100 MPH).
The latest numbers mean that Obama’s economic forecasters missed their growth targets every year that he was in office. And, once again, economists who had been promising that strong growth was just around the corner — most recently because of a relatively strong third quarter — had to eat crow. It also means that GDP growth has not exceeded 3% for 11 straight years. . . .
In dollar terms, if Obama’s recovery had merely been average, the nation’s GDP would be $2.4 trillion bigger. That translates into $19,000 in lost income per household.



