(CNSNews.com) – The United States has now seen a record 11 straight years without 3 percent growth in real Gross Domestic Product, according to the advance estimate published today by the Bureau of Economic Analysis.
“Real GDP increased 1.6 percent in 2016 (that is, from the 2015 annual level to the 2016 annual level), compared with an increase of 2.6 percent in 2015,” the BEA said in a release put out this morning.
The BEA has calculated GDP for each year going back to 1929. Since 1930, it has calculated the inflation-adjusted annual change in GDP.
In the 86 complete years since then, there is only one eleven-year stretch—2006 through 2016—when annual growth in real GDP never hit 3 percent. MORE
But I got the Nobel Peace Prize! – Barack Hussein Soetoro
Yeah, but Obola “created” 1.5 million jobs!
But, of course, we can’t mention that 250,000 were lost every fucking week – for 8 years!
Full Employment! Ask Juan Williams!
So … what’s the significance of this 3% thingamabob?
Does it really matter to the phony socialist narrative?
izlamo delenda est …
Which is why the stock market has been such a sham. The ONLY reason it’s been so high, so long is because the Fed’s ridiculously low interest rates left nowhere else to put money except in mason jars.
Didn’t Brad mention this awhile ago?
Compliments of the Uniparty
As long as we live under European style socialism, we can expect European levels of growth. Europeans have seldom seen 3% GDP, and that is with the US paying for much of their defense.
Trump provides hope.
Never ending path demanding constant growth requires massive aggregate debt. That means everyone ends up swimming in debt and no one has any tangible wealth. A death spiral. We should get off this stupid debt fueled growth path and start down the more reasonable path of prosperity. Yea, I won’t hold my breath as I’m laughed out of the room…
Reid and Pelosi were in charge of Congress 06-08. Their # 1 priority was to obstruct Bush at every turn, no matter what damage it did to the country. Then in 08 when voters fell for communism under Obama, the economy did not stand a chance. Now with the communists defanged and the White House defagged, look for the economy to improve.
Just one more fact that flies in the face of “4.5% unemployment” figures and all the vaunted so-called “scandal-less” success of Jeramiah Wright´s feckless, God-Damn-America-hating, Treasury-looting, economy-wrecking, healthcare-destroying, process-circumventing, Benghazi bullshitting, Constitution-stomping, Communist Organizing, phoney-baloney plastic-banana republic Marxist Muzlim Mallard!
The US economy is in a lot more dangerous position then the political critters and the Wall Street Liars would have you believe. Cheap money being pumped into the fed has kept interest rates lower, the Fed buying their own bonds with this pumped money left the investor the stock market as the only place to put their cash. This has inflated the market to scary levels. I’m glad Trump is bring back jobs but I’m damned if I know how he’ll handle the morning some big fund decides to cash in their chips and hide the money of actual gold bullion somewhere. Remember the first rule of the market;
1. Don’t Panic or Panic First.
Ronnie was a GREAT President