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Obama’s is the Worst Economic Recovery in History (Graph, GDP Data)

Posted by FactReal on February 16, 2013

“Obama has presided over the worst multi-year recovery in American history since the end of World War II,” CNSNews found using public economic data. During Obama’s so-called economic recovery, the economy grew only 7.5% while other post-recession periods saw double-digit growth from 11.7% to 51.2%.

“From the end of the last recession in June 2009 until the fourth quarter of 2012, the economy grew only 7.5 percent, increasing from $12.7 trillion to $13.6 trillion,” explains CNSNews.

We prepared graphs and tables to illustrate how weak Obama’s economic recovery has been.
(Sources: Gross Domestic Product (GDP) since 1949 and NBER’s List of U.S. Recessions.)

ObamaRecoveryGDP
RECESSION PERIODS
(A recession/contraction is a period between a peak and a trough — see graph below.)

Officially, the last recession lasted from December 2007 to June 2009.

Start
(Peak)
End
(Trough)
Duration
(# months)
1948 Nov 1949 Oct 11
1953 July 1954 May 10
1957 Aug 1958 Apr 8
1960 Apr 1961 Feb 10
1969 Dec 1970 Nov 11
1973 Nov 1975 Mar 16
1981 July 1982 Nov 16
1990 July 1991 Mar 8
2001 Mar 2001 Nov 8
2007 Dec 2009 June 18
RECOVERY/POST-RECESSION PERIODS
(An expansion is a period between a trough and a peak — see graph below.)

Obama’s economic recovery is the worst multi-year recovery when compared with double-digit growth in other post-recession periods.

During Obama’s economic recovery (from the second quarter of 2009 until the fourth quarter of 2012), the economy grew only 7.5 percent, increasing from $12.7 trillion to $13.6 trillion.

Start
(Trough)
GDP
($ Billions)
1949-10-01 $1,838.7
1954-04-01 $2,306.4
1958-04-01 $2,534.5
1961-01-01 $2,816.9
1970-10-01 $4,253.0
1975-01-01 $4,791.2
1982-10-01 $5,866.0
1991-01-01 $7,943.4
2001-10-01 $11,370.0
2009-04-01 $12,701.0
End
(Peak)
GDP
($ Billions)
1953-07-01 $2,351.8
1957-07-01 $2,616.6
1960-04-01 $2,832.0
1969-10-01 $4,259.6
1973-10-01 $4,948.8
1979-10-01 $5,884.5
1990-07-01 $8,052.6
2001-01-01 $11,287.8
2007-10-01 $13,326.0
2012-10-01 $13,647.6
% Economic
Growth
Duration
(# months)
27.9% 45
13.4% 40
11.7% 24
51.2% 106
16.4% 36
22.8% 58
37.3% 92
42.1% 120
17.2% 62
7.5% 42
Business Cycle
NOTE
The early 1980s post-recession period lasted just 12 months (from July 1980 to July 1981.)

SOURCES
Obama’s economic recovery the worst multi-year recovery since WWII

Real Gross Domestic Product (1949 – 2012)

National Bureau of Economic Research
●http://www.nber.org/cycles/cyclesmain.html

Bureau of Economic Analysis
●http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=1&isuri=1

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