Americans are many things, but ultimately we are pragmatists. When we step into a voting booth many times our decisions are driven by what is best for our 401K, college savings accounts and our wallets. In this sense Obama was a horrible president. The numbers are in and despite have carte blanch on zero percent interest rates, 9 trillion in added debt and a compliant media that thought he walked on water Obama failed to reach a mark that every president prior to him had achieve for at least one quarter during their presidency… 3% economic growth.
Without getting to deep in the weeds economic growth of the gross domestic product (GDP) is the life’s blood of our economy. Generally 3% is the mark at which presidents are measured because this is the point at which the lights can be kept on. When the growth of economies stagnates or contracts is generally when we see recessions. Many would argue that the only reason why we did not see a major recession during the Obama years was because he was willing to spend money like a drunken sailor and have the Fed put a Chicago style beat down on interest rates to keep them at zero. These are not signs of a healthy economy, but one that is propped up and put on display in really bad lighting so you can fool people with poor vision.
According to the New York Post Obama is the worst president for economic growth since World War II and the fourth worst of all time racking up an average growth rate of 1.6 percent. This means he finished below the economic brain children of Carter and G.W. Bush who led us to some of the worst economic periods of our history. For anyone paying attention this should not come as a shock as many economists have been saying this for several years. Of course you are not going to see this in the mainstream media as it could possibly tarnish the “legacy” of Obama. (Which is currently being dismantled by the Trump administration.)
New York Post Economic Growth Ranking
- 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