Obama Economy Chart of the day
Back in early August, I posted a chart that compared the GDP growth rate of inflation.
It showed that the GDP was growing slower than the rate of inflation, or to put it more simply, the money you have is losing value faster than the economy is growing.
It’s time for an updated version of that chart, since the Fed just reduced the GDP rate for Q2 2012 to 1.3%, not the 1.5% they projected back in early August.
As you can see, the economy under our Dear Leader’s regime is clearly going in the wrong direction.
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One Comment on Obama Economy Chart of the day
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A tale of two recoveries : Urbin Report on
Mon, 31st Dec 2012 21:48
[…] are shutting down faster than they are opening. What growth we have had has been anemic at best. GDP growth has not been over 2% in the three and half years since the last recession ended and employment has been over 7.5% and […]
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