The Obama expansion has been longer than average, but it’s also been weaker than average.
For most Americans, their last memory of an economy that really made everyone feel good was during Clinton’s second term. During those 16 quarters, the growth rate exceeded 1% (which annualizes out to about 4%) 7 out of 16 times, and the average over those 4 years was just a tad over 4% per year.
From the June 24 issue of The Wall Street Journal.
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