Author Topic: Barry Has Lowest Avereage 1st Quarter GDP Growth of any president In HISTORY!  (Read 1155 times)

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Offline libertybele

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One more to add to Barry's "firsts" or "of any president" list (i.e, http://www.jeffhead.com/obama1sts.htm):

Blame It on Global Cooling? Obama Has Lowest Average 1stQ GDP Growth of Any President on Record

Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.

In all first quarters since 1947, the real annual rate of growth of GDP has averaged 4.0 percent.

In the seven first quarters during Obama’s presidency, it has declined by an average of -0.43 percent. And if you leave out the first quarter of 2009 and look only at the first quarters of the six years since the recession ended, it has averaged only 0.4 percent.

In the six years of Harry Truman’s presidency for which the BEA has calculated quarterly GDP, the annual rate of growth in GDP in the first quarter averaged 4.5 percent.

During President Eisenhower’s eight years, it averaged 3.2 percent. During Kennedy’s three years, it averaged 4.9 percent. During Johnson’s five years, it averaged 8.3 percent. During Nixon’s six years, it averaged 5.3 percent. During Ford’s two years, it averaged 2.3 percent. During Carter’s four years, it average 2.4 percent. During Reagan’s eight years, it average 2.1 percent. During George H.W. Bush’s four years, it average 2.9 percent. During Clinton’s eight years, it averaged 2.6 percent. And during George W. Bush’s eight years, it averaged 1.7 percent.

http://www.cnsnews.com/blog/terence-p-jeffrey/blame-it-global-cooling-obama-has-lowest-average-1stq-gdp-growth-any

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Offline DLR Pyro

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By next Wednesday, the o'ministration will have the lamestream media reciting his meme that he inherited this economy and any problems with it is Bush's fault
Biden is an illegitimate President.  Change my mind.

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ProudDad Donating Member (1000+ posts) Wed Mar-09-11 08:50 PM
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A NATIONAL GENERAL STRIKE
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Offline obumazombie

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The "projections" (from people like nobel peace prize winning economist Paul Krugman) are that these numbers will be revised upward.
The reality is that every single criminally low economic statistic generated by the owebumeconomy gets revised downward.
There were only two options for gender. At last count there are at least 12, according to libs. By that standard, I'm a male lesbian.