Obama’s recovery is the worst recovery of all the recoveries.

Posted on October 14, 2012

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It has now been over 3 years since the recession ended.  I think that’s enough time that it’s fair to compare Obama’s recovery to previous recoveries.  If you take the first 3 years of every recovery since WWII, the current one ranks dead last.  And it’s not like it’s building up steam, GDP growth has decelerated for the past 3 quarters.  Here is the ranking of the first 3 years of each recovery’s GDP growth since WWII (in addition to official recessions, I have included periods where GDP declined for 2 out of 3 quarters.  Some of the 3 year periods overlap).

Ranking of average quarterly growth (charts at bottom of post):

1. 1949-1952 (Truman): 6.7%

2. 1947-1950 (Truman): 5.3%

3. 1961-1964 (Kennedy/Johnson): 5.2%

4. 1982-1985 (Reagan): 4.8%

5. 1970-1973 (Nixon): 4.7%

6. 1975-1978 (Ford/Carter): 4.5%

7. 1954-1957 (Eisenhower): 4.2%

8. 1958-1961 (Eisenhower/Kennedy): 3.9%

9. 1991-1994 (H.W Bush/Clinton): 3.2%

10. 2001-2004 (W. Bush): 2.7%

11. 1980-1983 (Carter/Reagan): 2.5%

12. 2009-2012 (Obama): 2.3%

Dead last.  Add to that the declining incomes, his pitiful jobs record (and here), the out of control deficits, rising healthcare costs, rising tuitions costs, gas prices that have more than doubled….it really, really sucks.

GDP growth charts:

2009-2012; Avg: 2.3%

2001-2004; Avg: 2.7%

1991-1994; Avg: 3.2%

1982-1985; Avg: 4.8%

1980-1983; Avg: 2.5%

1975-1978; Avg: 4.5%

1970-1973; Avg: 4.7%

1961-1964; Avg: 5.2%

1958-1961; Avg: 3.9%

1954-1957; Avg: 4.2%

1949-1952; Avg: 6.7%

1947-1950; Avg: 5.3%

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