Thursday, August 5, 2010

Barack Obama’s Economic Performance is Not as Bad as His Critics Think

by Dr. Boyce Watkins, Scholarship in Action

Many conservative pundits are raising Hades over the fact that GDP growth for this quarter was only 2.4 percent, lower than the rates of five percent and 3.73 percent for the last quarter of 2009 and first quarter of 2010, respectively. They’ve tried to hang President Obama to the cross over this one, arguing that we have a “double-dip” recession in store and that the data serve as evidence that his economic policies have failed.

These so-called “pundits” are as wrong as purple shoes with polka dot slacks, and let me tell you why.


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