This is more evidence of the failed presidency of Barack Obama.
President Barack Obama may become the first president since Herbert Hoover not to serve during a year in which the growth in real GDP was at least 3 percent.
The Bureau of Economic Analysis has calculated the annual Gross Domestic Product going back to 1929 and annual growth in real GDP since 1930.
In the 86 years from 1930 through 2015 for which BEA has calculated the annual growth in real GDP, the United States has seen 14 presidents serve in the White House. Of the 13 who served during those years and have completed their service, Hoover is the only who did not see a year in which growth in real GDP was 3.0 percent or better.