Obama Has Presided Over Weakest Multi-Year Economic Recovery Since WWII

Matt Cover | February 7, 2013 | 8:24am EST
Font Size

During President Obama's tenure, the economy has grown only 7.5 percent, compared with double-digit growth in other post-recession periods. (AP Photo)

(CNSNews.com)President Barack Obama has presided over the weakest multi-year economic recovery since the end of World War II, according to data from the Bureau of Economic Analysis (BEA).

Since the end of the last recession in June 2009, the economy has grown only 7.5 percent--compared with the double-digit increases the economy experience in other multi-year post-World War II growth cycles.

Using inflation-adjusted GDP figures from BEA and business cycle dates from the National Bureau of Economic Research (the organization used by the government to date when recessions and recoveries begin and end), CNSNews.com calculated how much the economy grew in each recovery since 1949, the earliest full recovery period for which BEA data is available.

In three and a half years from the end of the last recession in June 2009 until the fourth quarter of 2012, the economy grew only 7.5 percent, increasing from $12.7 trillion to $13.6 trillion.

The absolute worst post-war recovery lasted just 12 months, from July 1980 to July 1981 when the economy grew just 4.4 percent before falling into recession again until November of 1982.

Obama’s is by far the worst multi-year recovery since World War II, including recoveries of similar lengths that occurred in the 1950’s and 1970’s.

Worst Multiple-Year Economic Recoveries Since WWII

1) June 2009 - Present: 7.5 percent growth

2) April 1958 - April 1960: 11.7 percent growth

3) May 1954 - September 1957: 13.4 percent growth

4) November 1970 - November 1973: 16.4 percent growth

5) November 2001 – January 2007: 17.2 percent growth

6) March 1975 – January 1980: 23.2 percent growth

7) October 1949 – July 1953: 28.7 percent growth

8) November 1982 – July 1990: 37.3 percent growth

9) March 1991 – March 2001: 42.1 percent growth

10) February 1961 – December 1969: 51.2 percent growth

mrc merch