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Will Obama Be First Post-WW-II Prez to Never See Any Quarter With 4% Economic Growth?

Discussion in 'Political Debate & Discussion' started by carpro, Aug 31, 2011.

  1. carpro

    carpro Well-Known Member
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    http://www.cnsnews.com/news/article/will-obama-be-first-post-ww-ii-prez-neve

    Will Obama Be First Post-WW-II Prez to Never See Any Quarter With 4% Economic Growth?

    Wednesday, August 31, 2011
    By Terence P. Jeffrey


    EXCERPT

    Even George W. Bush, who saw real GDP decline by 1.3 percent and 1.1 percent in two out of his first three quarters in office -- including in the quarter that included 9/11 -- saw real GDP bounce back to 6.3 percent by the third quarter of 2003.

    For Obama to match that, the economy would need to be growing at 6.3 percent right now.

    So, why isn't it?

    Perhaps it is simply because people who in other periods would be investing their money, taking risks, building businesses, creating jobs and making themselves and their neighbors wealthier people are holding back out of the reasonable fear that under President Obama, there could be escalating government taxation and regulation, which would make their hard work and investment not worth the risk.
     
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