Friday, January 2, 2015

Did Obama seek $2 gas?

Hitting the road on New Year's Eve, I found gas for $1.99/gallon.
Deep in the West Virginia coalfields, the price is down to $2.49/gallon.
I'd praise President Obama for this good news if it was a goal of his.
It wasn't.
Just two years ago, when up for reelection, Obama reminded Americans, “We can’t just drill our way to lower gas prices.”
Obama ridiculed the Republican idea of lowering gas to $2 a gallon through new oil-recovery techniques. “They’re already dusting off their three-point plans for $2 gas,” Obama mocked.  “I’ll save you the suspense: Step one is drill, step two is drill, and step three is keep drilling.”
Who do we thank?
Oilmen, not the government, returned hundreds of billions of dollars to American consumers. They, not Ivy League experts and Wall Street grandees, kick-started the economy where federal subsidies had failed to. They, not the policies of the Obama administration or the rhetoric of Secretary of State John Kerry, weakened our enemies.
Almost everything Obama tried for six years in an effort to rev the economy — from near-zero interest rates and $1 trillion annual budget deficits to Obamacare and vast increases in entitlements — has failed. His foreign-policy stances of resets and leading from behind led to chaos and emboldened enemies.
Yet the United States economy is slowly recovering with cheap energy. Consumers have more money. Industries are returning to U.S. soil.
Whatever Obama messes up, the American people overcome.

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