Thanks To President Obama The US Leads The World in Economic Growth

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The U.S. economy surged forward with 3.7 percent growth in the 2nd quarter of 2015, well outpacing other developed nations. The 3.7 growth rate reported by the U.S. Commerce Department was much better than the original estimate of 2.3 percent growth, and a significant improvement over the 1st quarter rate of 0.6 percent.

The good news out of the United States coincides with more sluggish growth in the rest of the developed world. Japan posted a more modest 1.6 percent growth rate in the 2nd quarter of 2015. The largest economies in Europe expanded at considerably weaker rates. United Kingdom’s economy grew by 0.7 percent, Germany’s grew by 0.4 percent and France’s economy stagnated at 0 percent growth over the same time frame.

While the recent short term dive in the DOW may have made consumers nervous, several economic indicators point to the improving health of the American economy. In addition to the improved growth rate, first time jobless claims dropped last week, and the unemployment rate is expected to stay at or below 5.3 percent.

While the president is not solely responsible for a nation’s economic health, Barack Obama has presided over 65 consecutive months of private sector job growth. 13 million new jobs have been added during his tenure in the White House.

If a Republican president were in office under similar conditions, pundits at Fox News and the GOP members of Congress would be shouting from the roof tops daily about how the “Republican savior” in the White House was making the economy hum along. They might even say the president was “making America great again”, to borrow a phrase from the Republican candidate currently leading in the presidential polls.

The bottom line is that while the economies of other developed nations are struggling to grow, the U.S. economy is moving forward at a healthy clip. Under President Obama, America’s economy is doing just fine.

12 Replies to “Thanks To President Obama The US Leads The World in Economic Growth”

  1. And the moronic, idiotic, republican (Nazi) puppet party of the “elite” 1% and all of their brainwashed “supporters” have not done a frigging thing to help President Obama achieve any damn thing that he has done “good” for the U.S.A.. They need too all be “purged” out of our country’s Government Offices in the next elections. They have “proved” that they don’t give a crap about any of us. In my opinion. They want to make us all their servants and serfs who “work for them” from cradle to grave.

  2. President Obama will go down in history as one of the greatest Presidents in living memory, despite unprecedented opposition and hatred directed at him from the Right. He always manages to stay above the fray and never let himself get dragged down to their level.

    Imagine how far ahead we could be if we didn’t have traitors in the GOP. Get ready for the next government shutdown, courtesy of the Republican scum.

  3. I always wonder why the president gets so much credit or blame for the economy. He doesn’t do taxing and spending. But the blame and credit goes to him anyway.

  4. What makes these false reports so heinous is that the Republicans will use this to cut even more resources and services.. The Federal Reserve will use this to increase the interest rates sending more people into poverty and homelessness. And the president and both political parties will ignore that it would take a small fraction of government spending approximately $175.3 billion to totally eradicate US poverty. SHAMEFUL Remember the Pentagon lost $8.5 trillion, and the Federal Reserve audit shows they gave trillions to foreign banks and corporations, on top of Congress giving trillions to the rich, fossil fuel industry and other multinational corporations. ENOUGH IS ENOUGH! Eradicate Poverty by issuing a Basic Guaranteed Income.
    Poverty: http://billmoyers.com/2015/09/03/new-research-documents-growth-of-extreme-poverty-in-us/
    Basic Income http://www.huffingtonpost.com/scott-santens/the-economist-just-came-o_b_7447312.html

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