I Think It’s Safe to Say… February 9, 2015Posted by geoff in News.
…that our President is going to be breaking his “I’ll double exports in 5 years” promise. If only he had said something like, “I’ll cause export growth to stagnate within 18 months,” he’d be looking like Nostradamus. Because that’s what happened:
Yeah, you’re looking at 36% growth since January 2010, with 25 points of that growth occurring during the first 18 months. So over the past 3 1/2 years, we’ve seen 10% growth. Not what you’d call a significant player in economic recovery.
But that won’t stop the President from strutting around the stage, bragging about how his policies worked, despite the fact that the economy is just now where it should have been when he told us we’d be experiencing our “Recovery Summer.”
He told us that he’s have our economic woes fixed within 18 months. It only took him 72. And they’re still not exactly “fixed.” And the revival of the economy clearly has everything to do with increased domestic oil production and nothing to do his policies.
But it’s closer to success than he normally is.