Obama’s Recovery A Flop Of Historical Proportions

September 7, 2011 08:21


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


EXCERPTS:

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?

FULL ARTICLE



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