Truth is, by now we should have created millions more jobs than we have. But Obama’s $836 billion stimulus, his botched industry bailouts, his failed “green” energy policies, his regulatory siege on business, and his disastrous attacks on Wall Street and entrepreneurs have made this the worst recovery in history.
The recovery began in June 2009, just months after Obama took office and before his stimulus took effect.
According to data from the Federal Reserve Bank of Minneapolis, the economy is just 0.7% above its previous high. Usually at this point in an expansion, it’s 13.5% above the last peak. In other words, thanks to Obama’s policies, we’re missing about $1.8 trillion in GDP — or roughly $5,760 for every man, woman and child. Click here for chart.