Obama’s 2010 Economic Estimate For 2014 Off By $1 Trillion

[Geee]

Daily Caller:

The U.S. economy produced $1 trillion less in 2014 than President Barack Obama promised in his February 2010 financial plan.

 

The missing $1 trillion adds up to $3,053 less for every American man, woman and child.

 

It highlights the huge gap between Obama’s promise that his progressive, big-government economic policies would jump-start the economy, and the hard reality of America’s complex society and economy.

 

The failure of Obama-economics was highlighted March 28, when the federal government admitted that the economy grew only 2.2 percent in 2014.

 

That’s a little more than half the inflation-adjusted growth of 3.9 percent predicted for 2014 by a Obama when he submitted his first economic plan to Congress in February 2010.