Here’s a glaring statistic to show just how bad the US economy is that was brought to my attention by Jon Trugman.
The US economy has never gone three years without recording a year with 3% GDP growth.
Even in the Great Depression the US recorded a year of plus 3% growth in 1934.
The Obama Administration has never recorded a 3% GDP growth year in his 6 years in office.
And The US will probably not hit that mark in the administration’s last two years, according to what Fed chair Janet Yellen forecasted on Wednesday.
The last 3.5% growth year was 2005, so we are 10 years into sub 3% growth and likely lasting 2-3 more years at the least.