Big government Obamanomics is even worse than we thought.The US economic expansion is the worst on record since World War II.
Thanks to Obamanomics the US economy is plodding through the worst recovery in decades.The Wall Street Journal reported:
The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.
From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the Commerce Department released Thursday. That’s a 0.3 percentage point downgrade from prior estimates.
The revisions were released concurrently with the government’s first estimate of second-quarter output.