Obama’s Recovery A Flop Of Historical Proportions
All he had to do was be within the ballpark of the historical rate of 5% real growth coming out of recessions (or 6.2% coming out of longer recessions), not do anything horribly unpopular — like spearheading the passage of ObamaCare — and he could have ridden to an easy victory in 2012.
By JEFFREY H. ANDERSON at IBD Editorials
As President Obama prepares to deliver yet another speech about stimulating the economy — this one to a joint-session of Congress (with or without the NFL game on the monitors) — it’s worth reviewing the results of his efforts to date.
It has now been a little over two years — and eight full economic quarters — since the end of the recession Obama inherited. It’s time to ask: How does his record of economic growth in the wake of a recession stack up against the records of other presidents?
Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere: