The new White House won’t fail to embrace the jobs that fracking and pipelines can bring.
WSJ "Barack Obama will retire a president personally popular with the American people yet who served them (and himself, and his party) badly.
He fretted in 2012 that he would lose the election just in time for Mitt Romney to get credit for an Obama recovery. That long-delayed recovery is finally coming in the last months of his administration—the economy finally broke 3% growth in the third quarter—and now Mr. Trump will get the credit.
"He may even deserve a bit, witness the outbreak of Trumpian optimism in the stock market and small-business hiring plans.
"Mr. Obama came in saying fossil fuels were running out and prices were destined to rise, and instead got the fracking revolution, whose related employment boost was arguably a factor in his re-election victories in Pennsylvania and Ohio. Yet he couldn’t stop looking this gift horse in the mouth.
"Unshrewdly, in the name of satisfying his climate-change constituents, he needlessly launched a regulatory war against coal as cheap natural gas was already doing the job for him. " . . .
No comments:
Post a Comment