(CNSNews.com) - The United States has now gone a record 10 straight years without 3 percent growth in real Gross Domestic Product, according to data released by the Bureau of Economic Analysis.

The BEA has calculated GDP for each year going back to 1929 and it has calculated the inflation-adjusted annual change in GDP (in constant 2009 dollars) from 1930 forward.

In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch—2006 through 2015—when the annual growth in real GDP never hit 3 percent. During the last ten years, real annual growth in GDP peaked in 2006 at 2.7 percent. It has never been that high again, according to the BEA.

The last recession ended in June 2009, according to the National Bureau of Economic Research. In the six full calendar years since then (2010-2015), real annual GDP growth has never exceeded the 2.5 percent it hit in 2010.

"The average growth rate for economic recoveries since the 1960s is 3.9 percent ranking the Obama recovery, with an average GDP growth rate of just 2.1 percent, among the slowest in history," said Sen. Dan Coats (R.-Ind,), who chairs the Joint Economic Committee of the U.S. Congress.



http://www.cnsnews.com/news/article/terence-p-jeffrey/us-has-record-10th-straight-year-without-3-growth-gdp

Obozo: 'It's Bush's fault the economy is so bad."

His boot lickers will all agree, and it's racist if you blame Obozo. Same old crap, different day.

And our three clown GOP nomination candidates never mention this. It is a winner. It just makes me shake my head.

Quote from: supsalemgr on February 29, 2016, 04:10:19 AM
And our three clown GOP nomination candidates never mention this. It is a winner. It just makes me shake my head.

Ya know what's truly sad? An entire generation of voting age Millennial', this is their normal, and all they know is Govt is the only one that can help them.
God knows we have our work cut out for the next generation.

Quote from: tac on February 28, 2016, 03:57:28 PMObozo: 'It's Bush's fault the economy is so bad."

You beat me to it.

Quote from: ZQuickSilverZ on February 29, 2016, 11:54:57 AM
You beat me to it.

That's the usual excuse from his administration. It's one the LIV will readily accept, and it gives the `RATS running in 2016 to use against the GOP candidate. The fact this Obozo has been president for almost 8 years never enters their minds, neither do his failed policies.

Quote from: Solar on February 29, 2016, 06:24:14 AM
Ya know what's truly sad? An entire generation of voting age Millennial', this is their normal, and all they know is Govt is the only one that can help them.
God knows we have our work cut out for the next generation.

I'm optimistic, the metro-sexual, hyper-sensitive, Am Idol loving, idiot - is the kid getting all the attention.
There are some really good kids out there, resisting & fighting back the political correctness - the right leader will bring out the best of them.