There hasn’t been a single year of 3 percent GDP since the crisis seven years ago — and there’s not a single year of 3 percent GDP on the horizon, per the Fed’s estimates.Facts are stubborn things. Keynesianism and Barack Obama are economic failures that no honest historian can "airbrush" away. For a look at how proud Barack Obama is of less than 3% annual GDP growth click on this Huffington Post interview.
If the Fed is correct, that will be a 12-year period with no growth above 3 percent GDP. We haven’t seen one since 2005.
Prior to this, America has never gone more than four years without at least one 3 percent GDP year, and that was during the Great Depression years of 1930-33.
Therefore, this is the first time in US history that a president has the distinction of not having at least one 3 percent GDP year, let alone a two-termer.
President Obama has less than two years to validate his economic policy with at least one 3 percent year.
Yet the Fed is projecting that the economy will slow down, not grow.
Sunday, March 22, 2015
Obama's Failure to Get 3% Annual GDP Growth: The Damning Legacy of Keynesian Economics.
The New York Post reports: