Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.The numbers are so bad, Janet Yellen doesn't believe them (the numbers). She faults the models which have been in use since 1947.
For the record, the White House blamed 1Q15 GDP on the weather, which was said to be "wintry." 1Q15 is January, February, March -- generally "wintry" months. Can't make this stuff up.
No comments:
Post a Comment