Barack spent the last two years of his presidency telling us that manufacturing was gone, never to return; that a 2.0 GDP growth rate was the new normal.
Today, Trump's administration of our economy has added 830,000 manufacturing jobs (in his first 19 months) versus Barack's record of 26,000 manufacturing jobs added in his last 18 months. When Bracak left office, 2 out of 3 Americans tought we were on the "wrong track." That number has been reversed with Trump. And, his GDP average may have broken loose, scoring nearly 3% growth for the past five quarters, up from Obama's 8 year avergeof 1.5 % .
This is where Obama’s economy comes in to play. He ranks dead last for the worst economy amongst every president post-WWII. LBJ topped the chart, overseeing annual GDP growth as high as 5.3 percent, whereas Obama’s low was 1.5 percent. To put that into perspective, here’s the presidential ranking according to
the Bureau of Economic Analysis (BEA):
Johnson 5.3 percent, Kennedy 4.3 percent, Clinton 3.9 percent, Reagan 3.5 percent, Carter 3.3 percent, Eisenhower 3.0 percent, (post-WWII average of 2.9 percent) Nixon 2.8 percent, Ford 2.6 percent, Bush 41 2.3 percent, Bush 43 2.1 percent, Obama 1.5 percent. Past 5 quarters for Trump averaged 2.84%.
the Bureau of Economic Analysis (BEA):
Johnson 5.3 percent, Kennedy 4.3 percent, Clinton 3.9 percent, Reagan 3.5 percent, Carter 3.3 percent, Eisenhower 3.0 percent, (post-WWII average of 2.9 percent) Nixon 2.8 percent, Ford 2.6 percent, Bush 41 2.3 percent, Bush 43 2.1 percent, Obama 1.5 percent. Past 5 quarters for Trump averaged 2.84%.
Barack's best 5 quarter averages came beginning with 2nd Q of 2015: 5.1, 4.9,;1.9, 3.3, 3.3. After this excellent run. the bottom fell out. Again, his 8 year GDP average was 1.5%.
With Trump, the last 5 quarters including the most recent, were 3%, 2.8%, 2.3%, 2.2%, and last quarter, 4.1% for an average of 2.84% . . . . with many more quarters to follow. Source: Statista, here.
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