It sucks. From Gateway Pundit:
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
Obama’s just like Reagan… Except when he isn’t.
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.
On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.
Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.
This ranks Obama as the fourth worst presidency on record.
Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.
It is not rocket science. Cut taxes (See Laffer Curve) and stand back. Stimulus plans simply do not work and are an excellent opportunity for graft and corruption.
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