It's the stupid economy!

Remember the old line from James Carville, which was used during Bill Clinton's first presidential campaign in 1992: "It's the economy, stupid!" This was used to remind the campaign that the most important issue was the economy, and everything else was secondary.

Fast forward to 2008. When Barack Obama ran, his messages were the insipid "Hope and Change" and "Change you can believe in". We should have been suspicious then.

From Gateway Pundit:

Obama’s just like Reagan… Except when he isn’t.

The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.

According to Louis Woodhill, if the economy continues to perform below 2.67% GDP growth rate this year, President Barack Obama will leave office with the fourth worst economic record in US history.

This would rank him ahead of Herbert Hoover, Andrew Johnson, and Teddy Roosevelt.

(hat tip to eBaum's World for the pic)

The first step to fixing a problem is admitting you have it. In this election year, let's admit we have a problem in the White House, ok?