Obamanomics: The Final Pathetic GDP for 2011 is … 1.7% … Oh Yeah, Let’s Give Obama 4 More Years

 

Obamanomics has provided us the final pathetic GDP of 2011 … 1.7%.

More disappointing economic numbers under Obamanomics. Not only was the 2.8% 4th quarter GDP under the expected 3%. Also, personal consumption growth of 2.0% were below expectations of 2.4%. The GDP price index only grew by 0.4%, well below expectations of 1.9%.

That’s the final, pathetic growth number for 2011.

From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

Check out the main reason as to why the GDP tanked. Funny how government spending has a way of artificially making things look better than they really are. However, eventually the government spending runs dry. As stated at Wizbang, blame it on Rio government spending.

It says that all of the things you associate with positive economic developments (exports, consumer spending, et al) rose. And this is good. However, the second half of that sentence tells you all you need to know to discuss our economic woes directly and in plain English: Those gains were offset primarily by… wait for it…

•Local Government Spending
•State Government Spending
•Federal Government Spending

Are you joking, these are hardly the economic numbers that one gives 4 more years to an incumbent President. 1.7% GDP for 2011. That is down nearly half from 2010′s 3.0% GDP. During all this Obama has the nerve to tell us that the economy is getting better. However, in Obama in Wonderland where us is down and left is right, Obama will tell the American people that all is good. The fact of the matter is, the Obama recovery is a disaster.



If you liked this post, you may also like these:

  • Obamanomics Epic Fail … CBO States Food Stamp Rolls Explode By 70%
  • CBS News Poll: 7 in 10 Americans Say Obama Has not Helped the Economy
  • Thanks Barack Obama: Mexico’s Unemployment Rate 4.9% … United States 9.2%
  • The Obama Jinx is Complete, Final #1 Seed Kansas Upset by VCU in NCAA Basketball … Obama 0-4 Teams in Final Four
  • Barack Obama’s Labor Day … Pandering to Unions in Detroit … What a Partisan, Political Hack … Hoffa Says to Obama, “Let’s Take These Son Of Bitches Out”




  • Comments

    Leave a Reply




    Support Scared Monkeys! make a donation.

     
     
    • NEWS (breaking news alerts or news tips)
    • Red (comments)
    • Dugga (technical issues)
    • Dana (radio show comments)
    • Klaasend (blog and forum issues)
     
     
     
     
     
     
     
    Close
    E-mail It