Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Obama: Ours is the best economy in the industrialzed world . . . . but when he compares his economy to previous presidents, he comes in dead last.
A brief history of the nation's GDP per presidential administration:
Per the Washington Times:
Truman: 3.8%
Eisenhower: 3.0%
Nixon/Ford: 2.8%
Carter: 3.3 %
Reagan 3.5%
HW Bush 2.3%
Clinton: 3.9%
W. Bush: 2.1%
B Obama: 1.3%
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https://www.washingtonpost.com/news/wonk/wp/2013/12/02/the-u-s-economy-does-better-under-democratic-presidents-is-it-just-luck/
ReplyDeleteNot sure what your point is. Obama's economy is the worst since Truman. And the 2008 recession was an event that took place on the Democrats' congressional watch. As far as the Market is concerned, it is an accepted fact that its growth is due to the Feds policy of "printing" money for the past 7 freaking years; that and next-to-zero interest rates (prime) for the longest period in American history. But I don't expect you to understand. Folks like you don't believe Central Planning can run out of money.
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