Last quarter’s 0.5 percent U.S. GDP may indicate the nation’s economy is even weaker than it appears. The economy of the United States’ recent 0.5 percent growth rate is the latest in a steady declining U.S. GDP growth trend over the past year.In the previous fourth quarter 2015, the U.S. economy grew 1.4 percent, which was down from the preceding quarter’s growth of 2 percent and before that 3.9 percent. So the U.S. economy appears to be slowing rapidly over the past year.Over an even longer period of more than eight years, since the previous peak growth in late 2007, the U.S. economy has grown by a cumulative total of only 10.1 percent.That’s a paltry annual growth of only 1.2 percent a year on average for the past 8+ years.
However, we are now in year eight of the Obama presidency and there are few signs that his policies worked.
Tags: Obama and the US economy To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!