Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economics, Economy, Free Markets, Politics, Taxes, The United States | Tags: AEI's Carpe Diem Blog, Econ Prof Mark Perry, The Economic Fact of the Day
From Economist Mark Perry at The American Enterprise Institute:
Economic Fact of the Day. There hasn’t been a single president in US history whose time in office didn’t include at least one year of 3% economic growth (real GDP), which is the average growth rate in the post-WWII era. The highest growth during Obama’s seven years in office was 2.5% in 2010, and the average growth from 2009 to 2015 was 1.4% (and 2.1% without the -2.8% growth in 2009).
Obama has been out bragging about the success of the economy in his administration. The candidates running to succeed him excoriate the Obama economy. They’re right, but I’m not sure any of them are capable of improving it.
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