Growth Started With Obama

 

May 6, 2019



Don Stinchcomb makes a claim, in his recent letter, that the growth of the Gross Domestic Product (GDP) of the United States under the current president “has been running in excess of 3.0 percent annually.” Figures like that can, in these Google days, be easily checked, and, in this case, as easily refuted.

The growth of the GDP from “The Balance” under President Obama ranged from -2.5 percent in 2009, when the economy he inherited from his predecessor was in a shamble, to 2.9 percent in 2015. The average annual growth, including that aberrant -2.5 percent, was 1.6 percent. Exclu...



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