The Gross Domestic Product (GDP) in the United States expanded 1.9 percent in the first quarter of 2012 over the previous quarter. That is a revision from a preliminary 2.2% estimate. Historically, from 1947 until 2012, the United States GDP Growth Rate averaged 3.3 Percent reaching an all time high of 17.2 Percent in March of 1950 and a record low of -10.4 Percent in March of 1958.
During the great recession GDP fell to -8.9%.
At the present time the economy appears to be back sliding.
Can the government really impact the growth of the economy? Most of us seem to believe the answer is yes. Barack Obama will be blamed for the situation.
Unless Mr. Obama can convince a majority that things will be worse if Romney is elected he will be a one term president.
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