ARTICLES

Braking Badly

In American history no U.S. president who’s served a full term has left office without presiding over at least one year that met or exceeded 3 percent real gross domestic product (RGDP) growth. President Obama may be the first. With one year left in his tenure as Commander-in-Chief, the U.S. has experienced a 1.55 percent annualized average of RGDP growth.If the President’s enduring economic legacy is historically slow growth, one of the causes of this symptom may be overregulation. In his first six years in office, the Obama Administration issued nearly double the amount of major rules as the
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