Obama: Worst President in History of the USA? | Zero Hedge
There’s an Obama Page on Facebook that has over 131, 000 likes from people, Americans or not. There are more than double that number of people that are ‘talking about’ the page by posting it on their own walls. A fan page (of sorts) dedicated to the President of the United States. But, not your normal fan page. It’s the ‘Obama is the Worst President Ever’ page.
By the time President Obama steps down from office, the USA will more than likely not be anything more than a shadow of its former self. That won’t be all due to the doing of President Obama, but the Chinese rise to glory as thefirst country in the world economically-speaking by the year 2016, amongst other things of course (it’s not all the fault of the Chinese either, is it?).
So is President Obama the worst President in history? Does he really live up to his fan (?) page on Facebook? How do you measure whether or not he is the worst, at any rate?
In the past ten recessions before the Great Recession took place, Gross Domestic Product returned to levels seen prior to the recession within a period on average of 4-5 quarters.
The Obama recovery took 16 quarters.
GDP reached 1.1% in the first quarter of 2013 and then rose to 1.7% in the second quarter.
It managed to reach just 2.8% in 2012.
According to statisticians, if you were to take the real GDP growth under Obama and then double it (just for fun), Obama would still come out of it all as the worst president for the last 60 years.
There’s an Obama Page on Facebook that has over 131, 000 likes from people, Americans or not. There are more than double that number of people that are ‘talking about’ the page by posting it on their own walls. A fan page (of sorts) dedicated to the President of the United States. But, not your normal fan page. It’s the ‘Obama is the Worst President Ever’ page.
By the time President Obama steps down from office, the USA will more than likely not be anything more than a shadow of its former self. That won’t be all due to the doing of President Obama, but the Chinese rise to glory as thefirst country in the world economically-speaking by the year 2016, amongst other things of course (it’s not all the fault of the Chinese either, is it?).
So is President Obama the worst President in history? Does he really live up to his fan (?) page on Facebook? How do you measure whether or not he is the worst, at any rate?
In the past ten recessions before the Great Recession took place, Gross Domestic Product returned to levels seen prior to the recession within a period on average of 4-5 quarters.
The Obama recovery took 16 quarters.
GDP reached 1.1% in the first quarter of 2013 and then rose to 1.7% in the second quarter.
It managed to reach just 2.8% in 2012.
According to statisticians, if you were to take the real GDP growth under Obama and then double it (just for fun), Obama would still come out of it all as the worst president for the last 60 years.