Center stage at the Democratic Convention in Philadelphia, Barack Obama congratulated himself last week on the state of the economy and the nation, but the facts tell a far different story, as evidenced by weak GDP growth this quarter, and asZero Hedge points out, the fact that Obama could be the only president in post-World War II history to never preside over at least one year in his term with a 3 percent GDP growth rate.
While would-be successor Hillary Clinton is trying to pick up the baton of Obama’s legacy, it’s clear that the American people aren’t buying it. Why on earth would someone so flawed as Donald Trump be polling so well if Americans actually believed that Obama had made their lives better? It’s clear that many millions of Americans are channeling economic frustration with the Obama legacy, yet the President’s speech did nothing to acknowledge their concerns. Trump certainly is unfit for the presidency, but he embodies the outrage that many feel toward an Oval Office utterly disconnected from economic realities, both current and future.
Source: Bureau of Economic Analysis
Carrie Sheffield is the founder of Bold. She is passionate about storytelling to empower and connect others. A founding POLITICO reporter, Carrie contributed on political economy at Forbes and wrote editorials for The Washington Times. After earning a master’s in public policy from Harvard University, she managed credit risk at Goldman Sachs and researched for Edward Conard, Bain Capital founding partner and American Enterprise Institute scholar. She earned a B.A. in communications at Brigham Young University and completed a Fulbright fellowship in Berlin.