President Barack Obama hosts a press conference at the Pentagon in Washington, Aug. 4, 2016. (DoD photo by Air Force Tech. Sgt. Brigitte N. Brantley/Released)
America’s prosperity revival has room to run, James Freeman writes the WSJ.
But Mr. Freeman warns, the prudent man should always look out for the end of a cycle.
How to tell?
We’ll know it’s really over when the former President stops pretending it’s his economy.
From Jack Crowe at National Review:
Former President Barack Obama claimed credit Tuesday for the recent boom in U.S. oil production immediately after praising the Paris Climate Accords, which committed the U.S. to dramatically reducing greenhouse-gas emissions.
“I was extraordinarily proud of the Paris accords because — you know, I know we’re in oil country and we need American energy, and by the way, American energy production,” Obama told the audience gathered at Rice University’s Baker Institute on Tuesday night. “You wouldn’t always know it but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer and the biggest gas — that was me, people.”
While U.S. oil production surged by nearly 100 percent over the course of Obama’s two-term presidency, the vast majority of that oil was extracted from state and private lands as the Obama administration took steps to curtail oil production on federal lands.
Read more here.
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