First off this is an opinion piece and one that's not very comprehensive. The author totally leaves out the role that the GOP obstructionists in Congress played in blocking any legislation that would have led to actual job creation and consequently a more robust economy.<quoted text>
Lets take a look at just one aspect of your messiahs leadership:
How do we measure the size of the economy?
Typically there's a couple different ways to do it.
One is through nominal Gross Domestic Product (GDP).
GDP is Gross domestic product. For a region, the GDP is "the market value of all the goods and services producted by labor and property located in" the region, usually a country. It equals GNP minus the net inflow of labor and property incomes from abroad.
Government policies do directly affect the GDP in this country.
It's not convincing for Obama to suggest as he routinely does that he should be evaluated on the basis of whether the recovery has been better than the recession. Recoveries, by definition, are better than recessions.
So rather than holding Obama responsible for a recession he inherited, or praising him simply because that recession didn't continue perpetually, the fairest measure of his economic stewardship is this one:
How does the Obama recovery compare to other recoveries from similar downturns across the decades?
On that basis, the Obama recovery can only be graded as a tremendous failure as it has produced the worst rate of economic growth of any recovery in the past 65 years.
Over that span, we've had 10 previous recessions and 10 previous recoveries. According to the federal government's own Bureau of Labor Statistics (BLS), average real (inflation-adjusted) GDP growth in the first three years after those recessions was 4.6%.
During the Obama recovery (which began three years ago, in July 2009), average real GDP growth has been just 2.2% less than half the historical norm. Of the past 11 recoveries, the Obama recovery has been the worst.
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