Obama Economic Growth Failure: From 1790 to 2014, U.S. GDP in real dollars grew at an average annual rate of 3.73%.

The Wall Street Journal reports:

From 1790 to 2014, U.S. GDP in real dollars grew at an average annual rate of 3.73%. Had America grown at the CBO’s “economic speed limit” of 2.3% for its entire history, GDP would be $780 billion today instead of more than $17 trillion. And GDP per capita would be $2,433, lower than Papua New Guinea’s.

Looked at differently, had GDP grown from 2001 to 2014 at the 3.87% annual rate of 1993-2000, the federal government would have had a $500 billion surplus in 2014 instead of a $500 billion deficit. And that’s with the same excessive government spending.

Just a reminder.