"The final numbers on the eight-year Obama economy are in, and they also constitute the final nails in that shoddily-made coffin. Fourth quarter GDP growth for 2016 clocked in at a feeble 1.9%. That means Obama officially earned an inglorious place in US presidential history by presiding over eight straight years of GDP growth below 3%.
Investors Business Daily crunched the final numbers, and they are grim. While
Obama and his defenders strained their backs taking bows for “saving the
economy” and creating millions of jobs, the best spin you can put on their
efforts is that they were “below average.” Compared to average GDP growth across
US history, GDP under Obama was $2.4 trillion less than average for any other
eight-year period, which reflects $19,000 less income per household. It was also
about a trillion dollars less than Obama’s own predictions. Yes, we all know the
excuse: he took office following an economic crisis. But the recession
officially ended just five months into his tenure. On average, 7-1/2 years after
a recession ends, jobs have increased by 18%. Under Obama, they’d increased by
only 10.9%, representing 12 million fewer jobs than average.
a lot more at the link, but you get the idea. For eight years, we heard rosy
predictions and lots of praise for Obama's policies, but those didn’t match the
reality experienced by Americans who were struggling with stagnant wages and
slow job growth. Obama's super-regulatory, big government policies were actually
restraining growth. There were many reasons why Hillary Clinton lost to Trump,
but this is probably the most important. By ignoring the voters’ #1 concern -
jobs and the economy -- and thinking she could win via gender identity politics,
calling her opponent names and promising to continue Obama’s allegedly “popular”
policies that really weren't, she made the worst rookie mistake that any
politician can make: she fell for her own propaganda."