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“1%: Average Annual Economic Growth Under Obama”

We are the ones we’ve been waiting for!  To totally screw everything and sink the country, through our narcissistic, Gen X government, into a mirror of our own entitlement-riddled, faux esteem-bathed souls.

Congrats, Hope and Changers!  Thank you, GOP establican status quo statists!

In the decade from 1981 to 1990, according to the BEA, average annual growth in real Gross Domestic Product (GDP) was 3.36 percent. In the decade from 1991 to 2000, average annual growth in real GDP was 3.45 percent. In the twenty years from 1981 to 2000, average annual growth in real GDP was 3.405 percent.

By contrast, in the decade from 2001 to 2010, average annual growth in real GDP was only 1.67 percent, and, so far, in the 21st century (from 2001 through 2012), average annual growth in real GDP has been only 1.775 percent.

During just the years that President Barack Obama has been in office (2009 through 2012), average annual growth in real GDP has been only 1.075 percent.

The 1.075 percent average annual growth in real GDP under Obama equals less than a third (31.57 percent) of the 3.405 percent average annual growth in real GDP the United States saw in the last two decades of the last century.

The 1.775 percent average annual growth of GDP in the twelve years since the beginning of this century, equals only 52 percent of the 3.405 percent average annual growth in real GDP the country saw in the last two decades of the last century.

The takeaway here:  clearly it’s time to put the conservatism of Reagan and the Contract with America behind us and embrace Big Government as both an equivalent for and a replacement to both the civil society and a free market private sector economy.

I know this because not only do Democrats (many of whom were formerly socialists or Marxist revolutionaries, during their salad days) keep telling us so, but strong, pragmatic “center-rightests” like Mitch McConnell and Jennifer Rubin and Karl Rove do, as well.  And because perception trumps reality (until the veil falls, and you’re forced to acknowledge that your imaginary lobster dinner is really just a tin of generic tuna), we need not trouble ourselves with facts.  All is politics, and politics is all.

Besides, why risk becoming a regional party with the right ideas for saving the country and bringing back jobs, wealth, and growth if you can just, you know, not suffer through all that upheaval — and by not rocking the statist boat, the media will have a harder time calling you racist misogynistic homophobes with advanced ageist dispositions and a fear of both science and fidelity to a patriarchal God who has never existed (or, even if he did, has been replaced by the best and brightest social tinkerers among us, kind of a hands-on, activist approach to creationism, only without the official deity and renamed social engineering in the service of social justice, the cross or star or crescent having been replaced by the ubiquitous bureaucratic stamp).

— Which, they’ll still call you all those things, naturally. I mean, this is the activist, progressive, government-guarding media elite we’re talking about, and they will do as they please, thank you very much.

But just let them try to really prove it, now that you’ve adopted the policies of the progressives.

So there.

#winning!

 

10 Replies to ““1%: Average Annual Economic Growth Under Obama””

  1. William says:

    If you like the GDP now, just wait until we’re completely making it up! Then our loser liberal friends will really win the Facebook fights!

  2. palaeomerus says:

    The GOP is Winston, fat, red nosed, sullen, avoided, drunk on gin, loving Big Brother, and fantasizing about a bullet in the Chestnut Tree cafe. There is no future for that broken cowed thing.

    “And perhaps you might pretend, afterwards, that it was only a trick and that you just said it to make them stop and didn’t really mean it. But that isn’t true. “.

  3. palaeomerus says:

    The GOP has no faith in the brutish proles. They see only the press (hungry rats in a cage) and the party’s hand on the latch. So they choose the party. They betray their principles. They see that two and two are five when the party says so.

  4. Squid says:

    What’s so bad about a regional party? The Dems flourish only in university towns where forcefields protect everyone from Real Life, and in urban centers where population density has driven the rats insane. Yet they seem to be doing quite well.

  5. daveinsocal says:

    They see that two and two are five when the party says so

    This is what we need instead: “There are four lights!”

  6. Doctor: Yes. Well, I cannot spend all day gossiping. I’m a busy man. As far as this case is concerned I have now had time to think it over and I can strongly recommend a course of leeches.

    Heaven knows why this bit from Blackadder would suddenly spring to mind.

  7. TaiChiWawa says:

    I thought the latest mega-revision to GDP calculations would result in an apparent boost in growth rates since expansion of intangibles like intellectual property reduce the percentage contributions of struggling hard-goods components.

    While this apparently is not the case (yet), the overall increase in the valuation of domestic product affects other economic metrics which take the form of ratios to GDP. Certain analysts may, for example, note that taxes or unemployment as percentages of GDP have declined or, at least, are not as disconcerting as previously thought.

  8. geoffb says:

    I thought the latest mega-revision to GDP calculations would result in an apparent boost in growth rates since expansion of intangibles like intellectual property reduce the percentage contributions of struggling hard-goods components.

    That one is yet to come and will go back to 1920 in the revisions. Plus it will cover other countries as well. Expect it to come out just before the/an election if it makes now look better and just after if it doesn’t.

  9. happyfeet says:

    without bernanke’s trusty training wheels on food stamp would be an economic dead ringer for Stalin, outcomeswise

  10. Curmudgeon says:

    What’s so bad about a regional party? The Dems flourish only in university towns where forcefields protect everyone from Real Life, and in urban centers where population density has driven the rats insane. Yet they seem to be doing quite well.

    THIS. Especially when our regions are thriving and theirs are not.

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