The Obama Economy Continues to Struggle

Today we learned the U.S. economy has continued its weak and uncertain recovery under President Obama. Real GDP grew at an annualized rate of 2.5 percent in the first quarter of 2013, below expectations of 3.2 percent. Since the recession ended in 2009, President Obama’s policies have led to underwhelming results:

• 2010 real growth was 2.4 percent
• 2011 real growth was 1.8 percent
• 2012 real growth was 2.2 percent
• 2013 Q1 growth is 2.5 percent

President Obama’s stagnant economic growth is far below the strong recovery that the U.S. had under President Reagan following a similar recession.