White House struggles to explain weak economy as Obama boasts of job growth

by Dave Boyer
April 29, 2016

The White House labored Thursday to explain a first-quarter economic report showing the weakest growth in two years, even as President Obama was trumpeting his mastery of the economy in a New York Times Magazine interview.

The Department of Commerce reported that U.S. gross domestic product rose 0.5 percent in the first quarter of 2016, the third straight sluggish start to a year. Consumer spending and business purchases both fell, continuing trends that could have ominous implications for Hillary Clinton’s presidential campaign as she tries to claim the mantle as Mr. Obama’s successor.

Jason Furman, Mr. Obama’s top economic adviser, blamed the first-quarter slowdown on “weak foreign demand and low oil prices,” and some private economists say growth should pick up later this year. But Republicans were quick to trumpet the disappointing number as an indictment of the administration’s economic stewardship.

“Today’s GDP report showing the weakest period of economic growth in two years is the latest sign the Obama economy isn’t working,” said Republican National Committee Chairman Reince Priebus. “Despite all of the evidence Obama’s liberal policies are leaving middle-class families behind and holding back growth, Hillary Clinton thinks this president doesn’t get enough credit and wants to double down on his failed agenda.”

House Budget Committee Chairman Tom Price noted the nonpartisan Congressional Budget Office is forecasting the economy will continue to “underperform” in the years ahead if current fiscal policies are maintained.

12 Comments - what are your thoughts?

  • Maggie says:

    Liar. I just wonder how many people who voted for him are really upset with themselves for having been taken in by his rhetoric?

  • Phil Esposito says:

    This idiot is delusional. He thinks it’s true because he says it. Hey Obozo we’re not as stupid as you, we can see what’s happening to our country you POS.

  • Leo Klaudi says:

    I think Hillary hates Obama and he her since resigned as SOS. BOTH ARE BAD NEWS but I think she could actually do more damage to the country than he has simply by expanding on his programs and adding her own. She is absolutely GREEDY. Greed is what drives her and she ain’t affraid to make people go away. Case in point 49 dead folks between Arkansas and where her and Bill are now… all suspicious

    1. itsfun says:

      She will double down on the failed policies of Obama. I don’t think she hates Obama, but does hate Michelle and Michelle hates her. Greed does drive her, but I think being power hungry drives her even more. You are right many people disappear that don’t agree with her or could possibly be a threat to her goals.

  • The Redhawk says:

    It seems to me that Baracky is either on some kind of Extraordinary MIND ALTERING DRUGS or that ALTZHEIMER is alive and well in his Skull and is making him make Speeches of Extraordinary HIGH doses of BULL CRAP….. HIGHER than Normal level of Crap is coming out of his mouth… DELUSION?? Deranagemnet?? or has the SOCIOPATH left the RAILS??

  • itsfun says:

    Saw on the news this morning that Obama is the only President of the US to never have at least 1 year of the economy growing by at least 3%. His regulations are killing businesses. Wages are not up. It is a bad economy by any standard.

    1. The Redhawk says:

      and the only one to raise deficit by 81% in 7 years….Higher Poverty for Americans in History…..LOWEST job participation.. average loss for Middle Class of about $ 4,000/yr .Job losses to Mexico and China…. and Creating ONLY Part Time Jobs and the DISASTER called ODUMBOCARE….YET he “DREAMS” under the INFLUENCE of DRUGS of being GREAT!
      1st QT this year GDP is at a STELLAR +0.05% ……Can’t wait for Baracky the Demented to SPIKE a ball in the Rose Garden!

      1. itsfun says:

        And his wonderful foreign policy of surrendering and bowing. How many more have to get beheaded under this joke of a President? Next he will be blaming George Bush for his failures as a President.

        1. The Redhawk says:

          His “foreign policy” can only be OUTDONE by that RED line in his Sand Box playpen or Shillery
          ‘s RED Button… as for ” blaming”.. he just Sent Gas Bag Joe Biden to Iraq…. What can that Jerk screw up now and will Baracky blame him????..

  • Leo Klaudi says:

    Could be they’re tied of lying for that worthless bullshitting asshole !!!!!

    1. The Redhawk says:

      Well sHIL_LIAR_RY_is SO fulla it that she thinks HIGHLY of this TURD!

  • downdraft says:

    ” forecasting the economy will continue to “underperform” in the years ahead if current fiscal policies are maintained.”
    …just like Obama, Boehner, Ryan, McConnell…the entire GOP and Dems
    But we out here can make the changes needed…
    AMERICA FIRST…pass it on

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