New numbers show economy failing under record government regulation - National Conservative Examiner.com
After six years of "the change we need," the
economy has officially stagnated and begun to decline for the fourth time. As Investors' Business Daily
reported on Friday, the first-quarter GDP has now been revised to a loss of 0.7%, worsening the outlook on what was already the worst economic
recovery since the Great Depression.
Overall economic
growth under Obama has been absolutely dwarfed by the previous ten recoveries since WWII. Under the left's crippling big government policies, overall growth has been stifled at a mere 13.3%—less than half the average rate of all the other recoveries.
In other words, responding to a
Democrat-
created economic collapse by electing the most radical Marxist ideologue ever to sit in the Oval Office has cost us approximately $1.9 trillion in GDP and about $16,000 per household. That is how much more economic growth we would be experiencing right now if this "recovery" were merely
average, rather than crawling along at the kind of agonizingly glacial pace that only comes with the left's incredibly hostile anti-business policies.