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A Look At GDP Growth Since Obama Took Office

Here is the GDP growth under Obama:

2009 2nd Qtr: -0.7%

2009 3rd Qtr: 1.7%

2009 4th Qtr 3.8%

2010 1st Qtr: 3.9%

2010 2nd Qtr: 3.8%

2010 3rd Qtr: 2.5%

2010 4th Qtr: 2.3%

2011 1st Qtr: 0.4%

2011 2nd Qtr: 1.3%

Obamagdp

Here is GDP growth under Bush:

Bushgdp

It takes at least 2.5% GDP growth to lower the unemployment number. The report for this quarter was only 1.3% as shown above. So if Obama can’t turnaround GDP growth in the last two quarters of 2011, he’s screwed. When Bush was running for re-election in 2004, annual GDP growth was 3.5%. So far in 2011, it’s been 0.4% (Q1) and 1.3% (Q2) respectively.

One Comment

  1. Jeannie says:

    I’m quite peslaed with the information in this one. TY!