From an article I have running today in LIfeZette:
The president arrived in Philadelphia Tuesday to campaign for Clinton, seizing on a stray number and trumpeting it as if the country had been brought back the Roaring Twenties.
But after nearly eight years of Obama, the economy currently is just a point away from recession. It grew by just 1.1 percent during the second quarter of this year, according to the Department of Commerce. In the first quarter, the economy expanded — if that’s the word for it — by only 0.8 percent.
A recession is defined by two consecutive quarters of negative growth. Obama is almost there. In fact, economic growth on this president’s watch, at a mere 1.6 per year, was never lower under any postwar president.
In August, the nonpartisan Congressional Budget Office delivered the grim news of Obama’s legacy. It predicted that for the next decade, growth will be about 2.0 percent per year, well below the postwar average of 3.2 percent.
Read the rest of the piece on LifeZette.