Barack Obama recently boasted in Britain that his greatest accomplishment as president was “saving the world economy from a Great Depression.” Yes, the president claimed that he single-handedly came in and rescued the world from certain economic doom. And if you listen to Hillary Clinton or the administration, everything here at home is just dandy — well, except for those things that are somehow still George W Bush’s fault.
Though the unemployment rate has fallen, it really does not provide an accurate picture of the amount of people who are underemployed or have simply given up on finding a job. Many financial experts warn that another stock market crash is in the near future, and data shows that the economy is still not generating a healthy inflation level.
Furthermore, before President Obama stakes his claim as economic savior of the world, he may want to check out a new report that shows he is on track to be the first United States president to never deliver a year of 3% or higher GDP growth.
To read about the Commerce Department’s announcement of anemic GDP growth and where President Obama ranks among U.S. presidents, continue reading on the next page: