Obama “worst president since Hoover” (general)
Obama “worst president since Hoover”
April 29, 2016
After nearly eight years under President Barack Obama, there is one fact that is undeniable — his presidency has been bad for the U.S. economy.
Now that his second term is nearing the end, however, it is becoming clear to economists just how bad Obama has been.
In terms of GDP growth, Obama is officially projected to be the fourth-worst president in U.S. history — the worst since the Great Depression under President Herbert Hoover.
And Obama will be the only U.S. president that has failed to deliver even a single year of 3%+ GDP growth.
During his presidency, liberals and Democrats pulled out statistic after statistic in a desperate attempt to deflect blame, or hide the facts. But there’s no more denying the numbers.
Gross domestic product, the broadest measure of economic health, expanded at a paltry annual rate of 0.5 percent in the January-March quarter, the Commerce Department reported Thursday. That is slower than the fourth quarter’s 1.4 percent growth rate, marks the weakest performance in two years, and officially cements Obama’s shameful economic legacy.
The poor start to the year did not escape notice among critics of Obama.
“Today’s report showing the weakest period of economic growth in two years is the latest sign the Obama economy isn’t working,” said Republican National Committee Chairman Reince Priebus. “Despite all of the evidence Obama’s liberal policies are leaving middle-class families behind and holding back growth, Hillary Clinton thinks this president doesn’t get enough credit and wants to double down on his failed agenda.”
FINISH READING this at: Horn News
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