Our GDP, gross domestic product, is really the only true indication of our economic health. And, Obama is the first president to accomplish such a dismal track record: the seven first quarters of the Obama presidency are at a combined average of -0.43 percent.
Don’t buy into the whole ‘we have recovered our economy’ scam. Obama is also the only president in this history of this nation to have produced four separate first quarters that were all negative.
Yet no one appears willing to say out loud and on the record that something is very wrong, that this isn’t normal.
No one is willing to say this isn’t possible to do by mistake. No one is willing to suggest there is a madman — a suicide bomber — at the controls, taking our economy and country down just like that German pilot divebombed that plane into the ground two months ago.
Want more proof? The average first quarter GDP since measurements began in 1947 was 4 percent:
- Under Harry Truman, it was 4.5 percent.
- Under Dwight D. Eisenhower, it was 3.2 percent.
- Under John F. Kennedy, it was 4.9 percent.
- Under Lyndon B. Johnson, it was 8.3 percent.
- Under Richard Nixon, it was 5.3 percent.
- Under Gerald Ford, it was 2.3 percent.
- Under Jimmy Carter, it was 2.4 percent.
- Under Ronald Reagan, it was 2.1 percent (and that was because Reagan inherited disaster from Carter).
- Under George H.W. Bush, it was 2.9 percent.
- Under Bill Clinton, it was 2.6 percent.
- Under George W. Bush, it was 1.7 percent.
Under Obama, here are the seven first quarters:
- -5.4 percent
- 7 percent
- -1.5 percent
- 3 percent
- 7 percent
- -2.1 percent
- -0.07 percent
Let me repeat: That’s the worst record in recorded history. That’s the onlynegative average in recorded history. That’s the only time we’ve had four negative first quarters in history.
What’s the excuse? Winter? Cold weather in the first quarter? Really? So America didn’t have winter under Truman or JFK or LBJ? Winter is a new phenomenon that only affects Obama’s first quarter? Even more compelling, don’t Canada, Russia and China have winter in the first quarter, too? So how come their GDP growth isn’t affected by winter?
This is absolutely ridiculous.
If everything or almost everything is true, he’s a monster. He should be impeached.
This guy is so full of BS his own “facts” don’t compute… Literally. After doing the math, the average GDP is NOT a negative number, but approximately 1.13%. I’ll grant that it is the worst… But he also states that the firs four first quarters were all negative.Yet his own numbers show that quarters two and four were both positive. Why should I trust anyone who can’t even get his OWN facts right?