The Only Sector Of The American Economy That’s Growing Is The One President Obama Has Opposed The Most

Barack-Obama_2169024a

There are some signs of economic recovery. Or, at least, there are signs that we’ve hit rock-bottom in the recession and things aren’t likely to get any worse. The old “nowhere to go but up” situation. But what is driving that moderate amount of recovery?

An inconvenient truth for President Obama is that it’s the fossil fuel energy sector, which he has made an enemy throughout his term in office, which is leading the way:

“Manufacturing has added close to 400,000 jobs in the last 24 months, and a good deal of the action is in autos/machinery/metal products. Meanwhile mining is the number-one fastest growing industry in the economy, and our supply of cheap natural gas should encourage a revival in the M&M sectors, especially around the Great Lakes and the northwest. With 80 percent of the country employed in services, I’m not optimistic that manufacturing can recapture its mid-twentieth-century glory, but it doesn’t have to. As long the M&M bounce continues, employment growth will ricochet through the service-sector in cities revitalized by capital and labor investments in factories and offices.”

Ironically, the Obama administration’s energy and environmental policies are aimed at driving up energy costs, reducing coal mining and making it more expensive and difficult for the oil-and-gas sector to recover domestic supplies, which could put the growth of mining and manufacturing at risk.

Obviously, the Obama administration is going to seize on any hint of economic recovery and claim credit for it, and exoneration for their policies. The problem is that it’s sort of hard to claim credit for economic growth in mining and oil production when you campaigned on bankrupting coal mines and rail constantly against “big oil.”

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • Sparkie Arbuckle

    Everyone loves big oil.  ;)

  • SigFan

    Despite his protestation that “fossil” fuels are the energy of the past, reality proves they are anything but.  Not that reality and Obama have more than a passing acquaintance.  

    • $8194357

      http://www.youtube.com/watch_popup?v=qKdScVerrBU&vg=medium

      The “Liberal mindset” on the high cost of gas..
      Depends on what your definition of “is” is I quess…
      Hypocracy, thy name is liberal.

      Whoever controls energy…
      controls people, huh?

      In Liberty and Faith,
      7point62

  • Econwarrior

    It’s energy that’s cost-effective, profitable and which produces prosperity.

  • Gern Blanston

    It’s a zero sum game: If you hold back the growth of the booming fossil fuel energy sector, pressure will build and the other sectors will automatically grow. That’s Obama’s genious. We just need to learn how to think differently…. or not at all.

    • Econwarrior

      I disagree that it’s a zero-sum game; in fact, it’s very Darwinian.  The sector that has had to struggle is adapting and succeeding, and the sector(the so-called “green energy” boondoggles) are failing, having grown soft by being coddled and subsidized.
      As a side note, this article reveals another lie from obama, that oil is being subsidized.  It’s exactly the opposite.

  • Gern Blanston

    Imagine if Obama had taken the path of pushing for more exploration and drilling and had not held back the fossil fuel energy producers.  He could rightly take credit for all of this (plus there’d likely be more growth) and he’d have a much better chance for re-election.

    • Econwarrior

      Yes, if obama was a real American, rather than being a Marxist/black supremacist, things would certainly be different.

  • $8194357

    Their going Gault on him…

  • awfulorv

    You don’t suppose they’re unaware that electricity has to be generated, do you?  Or that the natural gas that is being flared in the Bakken field could, probably, heat Mpls. throughout the winter, and burns much cleaner than fuel oil. 

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    Ripped from the pages of the rube vs. truth file

    rube:

    The Only Sector Of The American Economy That’s Growing Is The One President Obama Has Opposed The Most

    Truth:

    February auto sales rise to highest level in 4 years http://www.reuters.com/article/2012/03/01/us-auto-sales-idUSTRE82016820120301

    Existing Home Sales Up Strongly From a Year Ago http://eyeonhousing.wordpress.com/2012/03/21/existing-home-sales-up-strongly-from-a-year-ago-slightly-down-from-a-month-ago/

    Strong retail sales are sign of improving economy http://www.twincities.com/business/ci_200780

    Stock market almost doubled since inauguration day

    U.S. restaurant chains show signs of improving economy http://www.ift.org/food-technology/daily-news/2012/march/21/us-restaurant-chains-show-signs-of-improving-economy.aspx

    New home building up http://money.cnn.com/2012/03/20/real_estate/housing-construction/index.htm

    • Econwarrior

      auto sales=taxpayer subsidies and billions still owed by govt motors
      housing industry subsidized by obama programs
      strong retail sales=about 1% increase; not really strong, just compared to obama’s previous numbers, which have been a disaster
      stock market pumped up with govt debt, the so-called “quantitative easing”.
      restaurants and new home construction only slightly increased, only good in comparison with the usual disastrous obama numbers, and may also be cooked, like the phony unemployment figures

      You just keep up the cherry picked lies.

  • $8194357

    EPA, Barrys mouth, and Old king coal..

    Used as the evil conservitive punching bag substitute in the energy arena,
    Barry gave coal a “black eye” to push 800 billion stimulus in failed “green energy kickbacks” to union friendly organizations
    (since gone belly up..)

    Here is one place Barry did keep his word on the campaign trail..

    Obama Promise Kept:
    Coal Plants to go Bankrupt with New EPA Carbon Cap

    Posted on March 29, 2012 by Cowboy Byte

    Enviro-Whack jobs are celebrating the demise of America‘s most abundant energy resource, coal.
    Because coal has just been given the death sentence by Obama and the EPA.

    “If old King Coal isn’t dead already, he’s certainly teetering toward life support,” said Frank O’Donnell, president Clean Air Watch in Washington

    .The EPA has issued new proposed rules on carbon emissions that will help Obama keep one campaign promise:
    Builders of new coal fired power plants won’t be prevented from building coal-fired power plants, they’ll just go bankrupt if they try.

    Leftist social engineering on a global scale “in the name of” carbon caps…
    Go figure, huh?

  • ScottEngageAmerica

    Obama’s recent attacks of the oil industry’s $4 billion subsidy is absurd when, according to the CBO, in 2011 renewable energy accounted for $16 billion of the estimated budgetary cost of federal energy-related tax preferences (http://1.usa.gov/H1h80R).

    • Econwarrior

      Despite obama’s blatant lies, there are no oil subsidies.  He’s lying about standard tax deductions for any business.  He’s also lying about oil companies paying a lower tax rate than other companies; the oil companies pay approximately one-third higher rates.

  • mickey_moussaoui

    Oil is the energy of the present and the future.

  • $8194357

    As the left screams about “big oils obscene profits”
    they tax it to a way higher percentage than the companies profits no?

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