1 BARACK OBAMA Was Worst Economic President Since 1949 – Now He’s TAKING CREDIT For Trump’s Booming Economy -
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BARACK OBAMA Was Worst Economic President Since 1949 – Now He’s TAKING CREDIT For Trump’s Booming Economy

Barack Obama was the worst economic president since World War II.

It’s common knowledge that Barack Obama was the worst economic president since at least 1949.

Barack Obama was the only President to have not had even one year of 3% GDP growth.

Here is the complete list of average annual real GDP growth by postwar president (in descending order):

Johnson (1964-68), 5.3%
Kennedy (1961-63), 4.3%
Clinton (1993-2000), 3.9%
Reagan (1981-88), 3.5%
Carter (1977-80), 3.3%
Eisenhower (1953-60), 3.0%
(Post-WWII average: 2.9%)
Nixon (1969-74), 2.8%
Ford (1975-76), 2.6%
G. H. W. Bush (1989-92), 2.3%
G. W. Bush (2001-08), 2.1%
Truman (1946-52), 1.7%
Obama (2009-15), 1.5%

Barack Obama’s best year of GDP growth was 2.6 in 2015 (a year in which the stock market decreased in value).
2009 — -2.8
2010 — 2.5
2011 — 1.6
2012 — 2.2
2013 — 1.7
2014 — 2.4
2015 — 2.6
2016 — 1.5

President Trump has seen quarterly GDP rates of 1.2, 3.1 and 3.3.

The New York Federal Reserve revised its estimated fourth quarter GDP of 2017 to 3.93.

This will give President Trump an annual GDP rate of 2.9 in 2017 or possibly higher.
President Trump’s first year in office will beat Barack Obama’s best year ever.

But that won’t stop Barack Obama for taking credit for President Trump’s stunning results.

In a speech yesterday in Chicago Barack Obama took full credit for President Trump’s record economic numbers.

The Washington Times reported:

Former President Barack Obama is taking credit for the robust economic growth that is taking place under President Trump.

At a conference of mayors in Chicago, Mr. Obama congratulated himself Tuesday for strong employment numbers in the U.S. this year, saying his climate-change policies have contributed to growth.

“As we took these actions, we saw the U.S. economy grow consistently,” Mr. Obama said. “We saw the longest streak of job creation in American history by far, a streak that still continues by the way.”

He added wryly, “Thanks, Obama.”

What a complete lunatic.

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