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.” 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.Abroad, spendthrift oil producers such as hostile Iran, Russia, and Venezuela are nearly broke. Friendly rivals such as Japan and the European Union can’t compete with the U.S. energy edge. What Obama once ridiculed is now saving him from himself — after he had championed policies that nearly destroyed him. The Greeks had a word for it: irony. Victor Davis Hansen
Posted on: Mon, 05 Jan 2015 21:57:08 +0000
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