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Obama Recovery Far Worse Than One During Great Depression, Proof In Gov Statistics

Friday, May 29, 2015 12:23
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(Before It's News)

Gross domestic product, GDP, the value of everything a nation produces — shrank by 0.7% annual rate from January to March, the Commerce Department said Friday.

GDP plunged 25.6 percent from 1929-1932, including by 13.0 percent in 1932. It then soared by 10.8 percent, 8.9 percent and 12.0 percent, respectively, in 1934, 1935 and 1936. RealGDP surpassed its 1929 peak in 1936.

In contrast the very best Quarter of the 6+ years of the Obama Presidency recovery is less than 1/2 as good as just the average Quarter during the Great Depression recovery! For perspective 1934, 1935 and 1936 are considered part of the Great Depression.  And the trade situation is much worse under Obama than during the Great Depression.  Personal income, consumer spending, real private investment and jobs all reached or surpassed their 1929 peaks by late 1936. Compare that to the chart below of median income under Obama. Median Income is far worse today than in 2009. 

See all the evidence and charts here:

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