We already knew:
** Barack Obama is the worst jobs president since the Great Depression.
** Poverty is at its highest rate since 1960′s.
** America is experiencing its worst economic recovery ever.
** There are more Americans on food stamps than entire population of Spain.
** A record number of Americans are seeking jobs.
** Obama’s trillion dollar stimulus failed.
** Under Obama’s leadership we had four straight years of trillion dollar deficits.
** 8.8 million Americans are on disability.
Now we can confirm that Barack Obama is the Worst Economic President in US history.
In fact, if President Obama could go back in time and find a way to double his GDP performance, he’d still hold the record for the worst economic president in the past 60 years.
You don’t have to be a financial whiz to know that the economy isn’t good. Times are tough, and they’ve been tough for some time. The middle class has shrunk; wealth has diminished; poverty is up; and unemployment, especially for minorities, is nothing short of miserable.
But how bad is it, really?
Up until very recently, this was hard to quantify and thus became in large part a political argument. Today, however, enough time has passed that economists now have data points to scientifically put President Barack Obama’s economic policy in its proper place.
On the old legacy-o-meter, things aren’t looking good for Obama and his supporters, who so desperately wanted him to succeed…
…In an article for Investor’s Business Daily, Anderson writes: “Prior to Obama, the second term of President Bush featured the weakest gains in the gross domestic product in some time, with average annual (inflation-adjusted) GDP growth of just 1.9 percent … but average annual real GDP growth during Obama’s entire first term was less than half as much at a pitiful 0.8 percent.”
That performance will establish Obama firmly as the worst president ever on the economy.
Obama’s GDP growth is less than half as much as the worst president in the past 60 years.
Let that process slowly. That means that if President Obama could go back in time and find a way to double his GDP performance, he’d still hold the record for the worst economic president in the past 60 years.