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January 24, 2013

Under Obama, America Suffers Worst Economic Recovery In U.S. History

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Welcome to Obama's America, where it's now official that under his policies and agenda the economic recovery is now the worst in US history, having just dipped below the heretofore lowest on record.

Zero Hedge reports:

If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.
GDP recovery st louis fed_0.jpg

Zero Hedge also provides this slightly prettier version of the above chart created by JPM's Michael Cembalest:

GDP recovery_0.jpg

But back in February 2009 didn't Barack Obama have this to say about the economy?

"Look, the only measure of my success as president when people look back five years from now or nine years from now is going to be, did I get this economy fixed. I have no interest in promoting a package that doesn't work, ..."
Needless to say, Barack Hussein Obama has been promoting a "package" that hasn't worked and shows no promise of working in the future. But the American people have been gullible and naive enough to give him four more years.

Meanwhile, all we hear on this from the media is ... crickets chirping, chirping, chirping.

Posted by Hyscience at January 24, 2013 2:49 PM



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