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October 3, 2012

Incredibly, Obama's America has 'Worse GDP Growth than Cuba'

Topics: Political News and commentaries

As incredibly hard to do as it sounds, Barack Obama has actually done to America in less than four years what it took Castro over 50 years to do to Cuba ... and unlike Castro, Obama has done it without complete dictatorial powers (only partial dictatorial powers from him having usurped the power of Congress):

[...] The United States is already below 75 percent of the world in GDP growth. That means we're well below Egypt, Mexico and Albania. Forget beating China, which is No. 10 while we're No. 166 and falling, we need to start figuring out how to get ahead of our immediate rivals, Bosnia, Jamaica and Cuba.
After a weak 2011 when America's GDP growth was just 1.8%, this year's growth rate appears to be even weaker. Yesterday's Commerce Department revised second-quarter report of GDP growth is just 1.25%.
Meanwhile over in Cuba, where their Socialists are slightly more competent than our Socialists ...

Cuba's gross domestic product grew 2.1 percent in the first half of the year compared with the same period in 2011.The economy grew 2.7 percent in 2011 despite tough austerity measures imposed by President Raul Castro beginning in 2009.

Government officials have said the goal is to achieve 3 percent GDP growth in 2012.

Related must-read: Welcome to the Recovery: 2012 may be the worst non-recession, non-depression year in the history of the United States

Posted by Hyscience at October 3, 2012 9:15 AM

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