We’re hearing from all over just how good things are – and are becoming ever more so – and how on top of the game the president is. There is that 5 percent GDP growth last quarter and an unemployment rate that has dropped below 6 percent (the bar has, obviously, been lowered) and the stock market is burning it up.
Driving all of this is the abundance of oil at a price that people believed we would never see again. “We can’t drill our way out of this,” they all said. Turns out we could … and have. And it would, unquestionably, not be so good if it were not for the drillers of Texas, North Dakota, the Gulf, and elsewhere.
Now, comes news that government spending has declined, as Sean Higgins of the Washington Examiner reports, and as a percentage of GDP, is now
The decline is due to a combination of factors, the main one being the restraints that were put on federal spending in 2011 as a result of the debt ceiling standoff in Congress.
Lots of oil, booming stock market, government spending under control …
If the president takes credit, does that make him a Republican?
