Wednesday, May 20, 2015

Omens from Obama’s crumbling economy . His failure dooms his legacy and throws a shadow over the Democratic nominee

The Washington Times reports:
Thus far, Mr. Obama has swum successfully against his own economic tide. Since he took office, U.S. real GDP has performed as follows: -2 percent in 2009, 2.5 percent in 2010, 1.6 percent in 2011, 2.3 percent in 2012, 2.2 percent in 2013, and 2.4 percent in 2014. That averages to an amazingly low 1.5 percent real growth for his presidency. Even dropping 2009, the recovery has averaged only 2.2 percent. Yet Mr. Obama has twice won re-election with more than 50 percent of the popular votes — the first Democrat to do so since FDR.

However, Mr. Obama may be in real danger of seeing his legacy rewritten, threatening Democrats’ hope of holding to hold the White House in 2016.


The poor record.