Report: Economic Growth 'Half of What the President Said His Policies Would Deliver'
12:03 PM, Mar 27, 2014 • By DANIEL HALPER
A new report from the minority side of the Senate Budget Committee finds that "Economic Growth In 2013 Just Half Of What The President Said His Policies Would Deliver." Here's a chart, showing the committee's findings:
The chart is based on data from the Office of Management and Budget and the Bureau of Economic Analysis, the chart states.
"In 2009, President Obama predicted his policies would produce 4.2 percent growth in 2013—more than double the actual, anemic growth rate of 1.9 percent. Since making that projection, President Obama has had much of his economic agenda implemented: the $870 billion stimulus bill, Dodd-Frank financial regulations, Obamacare, restrictions on American energy, $1.7 trillion in higher taxes, unfettered regulation, etc. Our debt has soared from $10.6 trillion to $17.5 trillion on the promise that this would stimulate the economy and produce prosperity, yet now we’re left with none of the prosperity and all of the debt," the Republican side of the Senate Budget Committee says.
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