Obama’s America has Worse GDP Growth than Cuba

What it took Castro over 50 years to Cuba, Obama has managed to accomplish in less than four years and without complete dictatorial powers (only partial dictatorial powers). Now how can anyone call him a failure after that?

The United States is already below 75 percent of the world in GDP growth. That means we’re well below Egypt, Mexico and Albania. Forget beating China, which is No. 10 while we’re No. 166 and falling, we need to start figuring out how to get ahead of our immediate rivals, Bosnia, Jamaica and Cuba.

After a weak 2011 when GDP growth was just 1.8%, this year’s growth rate looks even weaker. Today the Commerce Department revised second-quarter GDP growth to just 1.3% (1.25%, actually). As a result, many banks are now looking for growth of around 1.5% for the rest of the year — with plenty of downside risk. Full year GDP might be less than 1.5%, putting the economy at heightened risk of falling back into recession.

Meanwhile over in Cuba, where their Socialists are slightly more competent than our Socialists…

Cuba’s gross domestic product grew 2.1 percent in the first half of the year compared with the same period in 2011.The economy grew 2.7 percent in 2011 despite tough austerity measures imposed by President Raul Castro beginning in 2009.

Government officials have said the goal is to achieve 3 percent GDP growth in 2012.

Hey remember when America used to have 3 percent GDP growth?

It was a different time. George W. Bush was in the White House and Bon Jovi was on the radio singing, “Have a Nice Day”. Star Wars: Episode III – Revenge of the Sith ruled the box office and Saddam Hussein was on trial. Then a year later Nancy Pelosi and the Democratic rat pack got in and two years later the really huge rats climbed over the fence and began gnawing on the White House furniture and now we’re losing to Cuba.

Viva la Revolución! After another four years of Obama, Cuba might start boycotting us.

  • Questions

    Look, I oppose Obama, too, but this article takes things way too far. If Castro's Cuba supposedly has outperformed our country under Obama, then why don't we all move to Cuba? No? Not a good idea?

    • Daniel Greenfield

      We didn't move to Cuba, Cuba moved to us.

    • Dan Thomas

      Way too far? Really. Must be nice to disconnect from reality.

  • amused

    LOL….ok Greenfield ..and to think , it was all caused by 8 years of Bush . The market was in the mid 7 's when Obama took office , today ? mid – 13 s .
    Hey Questions , you get articles like this due directly to partisan hairbrain syndrome . Do you think Greenfield stays up at night losing sleep every day that Obama is in office ? LOL…you betcha ……unmitigated hatred does that . And it's contagious OR FPM is just a control group .

    • maril

      the market may be peforming..propped up by 40 billion a month..but our econemy is not performing. it's crashing and will drag the stock market with it. all we got for the trillions obama spent was bigger government with nothing to pay for it but printing more money..but its worse..since he took office no one cares about the loss of life our soldiers suffer or civil rights..its ok for obama to sacrifice our people and dollars..its just fine

    • http://twitter.com/AllOutOfHope @AllOutOfHope

      Why is it that Liberals can't see the leaves for the trees? Obama and the Dummycrats dumped almost a $Trillion in "Stimulus" that mostly went to crooks and cronies. They GAVE GM Billions and then loaned them more….so their Union Buddies would keep their jobs and overstuffed pensions. The Fed has been buying up Treasury backed securities – because NOBODY else wants them. Their loans to companies, like Solyndra

      • http://twitter.com/AllOutOfHope @AllOutOfHope

        ( largest stockholder was also Obama’s biggest campaign donation bundler in 2008 ), will NEVER be paid back. Under his watch 2 Million manufacturing jobs have been lost to China ( International Trade Commission )….he added $5.4 Trillion in new debt when he promised to CUT the deficit in HALF…..and U think it will all be fine.

        When the Fed stops buying the worthless paper, interest rates go up to stop inflationary pressures that R already being seen, the US WILL NOT be able to pay the interest on the debt and will default. The US credit will be downgraded – for only the 3rd time in history ( ALL under Obama ), the US dollar will crash ( as 17 of the top 20 US economists say ), and the US loses it’s place as world’s reserve currency……then tell me how good the fake stock market numbers look.

    • http://twitter.com/AllOutOfHope @AllOutOfHope

      ( largest stockholder was also Obama's biggest campaign donation bundler in 2008 ), will NEVER be paid back. Under his watch 2 Million manufacturing jobs have been lost to China ( International Trade Commission )….he added $5.4 Trillion in new debt when he promised to CUT the deficit in HALF…..and U think it will all be fine.

    • http://twitter.com/AllOutOfHope @AllOutOfHope

      When the Fed stops buying the worthless paper, interest rates go up to stop inflationary pressures that R already being seen, the US WILL NOT be able to pay the interest on the debt and will default. The US credit will be downgraded – for only the 3rd time in history ( ALL under Obama ), the US dollar will crash ( as 17 of the top 20 US economists say ), and the US loses it's place as world's reserve currency……then tell me how good the fake stock market numbers look.

    • http://twitter.com/AllOutOfHope @AllOutOfHope

      The problem with socialism is that, eventually, you run out of other people's money.

      • Dan Thomas

        Is this Margret Thatcher?!!

    • Scotty Starnes

      Looks like you don't know the Debt to GDP ratio sparky. As for the market, I thought you lefties were against Wall Street. Bet you have no clue all that bailout money and the 3 rounds of quantitative easing is what is propping up the economy & Wall Street. Clueless much?

  • amused

    HOWEVER …I think Greenfield's writing style would be much appreciated by Fidel & Co. Hey Greenfield , what about that earthquake that hit D.C. awhile back and put some cracks in the Washington Monument ? Was that Obama trying to destroy America and it's monuments ? C'mon Greenfield ..you know you do .

  • amused

    Just to keep you honest Greenfield -http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

    Uh …USA ranked #1 for 2010/2011/ & 2012 so far ……..Cuba ? 71st for 2011 an so far 2012 . Do your homework kid .

    • Daniel Greenfield

      You may want to do your homework first.

      That's a list of countries by GDP, not by GDP growth.

    • http://twitter.com/AllOutOfHope @AllOutOfHope

      Hey Liberal….Open mouth, insert foot. Of course the US economic output ( GDP ) is greater than Cuba….DUH. He said the GDP growth by % of total GDP. Your problem – Obama gave liberals everything but an IQ

    • scp

      Just to keep you honest "amused" http://en.wikipedia.org/wiki/List_of_countries_by

      Uh …USA ranked #149 (out of 185) for 2011. The world average was well above us — between #103 and #104 (again, the US was #149). Do YOUR homework, boy.

  • amused

    What was it ? Did you get punked or Breitbarted on this one ?

    • ChangeItBack

      LOL,,, I have NEVER seen a Liberal "PUNK" a Conservative. However, I HAVE seen Liberals laugh it up as IF they won the argument. hey "amused" looks like you need a fourth grade lesson on reading comprehension. Sounds like you're in the group of voters on Obama's side for a free cell phone…. LOL! What a group of voters!

  • Rebas Thgil

    "The United States is already below 75 percent of the world in GDP growth. That means we’re well below Egypt, Mexico and Albania……"

    Yep, Obama built this massive failure.

    • Cynic

      The sad fact is that many Americans are ignorant of these facts or so beholden to their beliefs that it is emotionally impossible to accept the facts and humiliate themselves by realising the mess they helped create.
      Yup, they helped build it.
      As the letter in a Czech paper earlier this year stated:
      ” The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool.

      It is less likely to survive a multitude of fools such as those who made him their president. “

  • http://vivekpjoshy@gmail.com americanmofos

    Sick americans they get money by doing global warfare and increase gdp compare with other countries too bad americans cant even touch us we would murder them if you enter ours vietnam philipines afghanistan stupid mofos we are indians have a nuke pointing at washington pentagon building if you touch us.we are intelligent indians