Yeah for Obama. He does get credit for this does he not ?
Actually, he does not.
Under Obama, the USA oil output has increased from about 6 million barrels a day to 10 million.
And we used to import LNG and now we export it.
Take out the fracking boom and we are about where we always were.
Obama does get credit for the trade deficit not getting worse.
But absent the fracking boom, the trade picture has not changed.
Yeah for Obama. He does get credit for this does he not ?
Actually, he does not.
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I don’t disagree with your thinking.
For example back in the late 90’s the booming stock market and low gas prices kicked in an extra couple hundred billion dollars to the federal government revenues. At the same time Newt Gingrich fought to keep the federal budget from growing. Clinton fought Newt tooth and claw. He wanted to spend all the extra revenue. He creamed Newt for all that Newt did—which was just to keep the federal budget from growing further.
And then once the budget was balanced—Clinton took credit for the the balanced budget. When in fact he had nothing to do with it and he did everything he could to prevent it from happening.
The democrats now now Clinton as the guy who balanced the budget. Nothing could be further from the truth. But that doesn’t stop them from saying it. The budget balanced on Clinton’s watch.