And the reports are in! Former President Barack Obama’s presidency resulted in the worst economic growth in the modern era and the fourth worst in the history of the United States.
“Last week the Commerce Department released its third revision for fourth-quarter 2016 gross domestic product. The number came in at a paltry 2.1 percent, meaning that growth during President Obama’s final year in office — the end of an ‘Error of Hope’ — landed with a big thud at just 1.6 percent,” wrote the New York Post’s Jonathon M. Trugman.
“That low-water mark puts the Obama presidency in last place among all the post-World War II presidents when it comes to economic growth,” he added.
How bad was Obama? He is the only U.S. president in the history of the country to not deliver a single year of 3.0 percent economic growth.
Here are the average growth rates for each president since World War II:
- 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
To make matters worse, he left the country in economic ruin, seeing as we are now sitting at nearly $20 trillion in debt.