Author Topic: Harris Spox: Trump’s Economy Was Good Because of Obama, Then COVID Happened  (Read 321 times)

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Online mystery-ak

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Ian Hanchett 11 Oct 2024

On Thursday’s broadcast of MSNBC’s “Alex Wagner Tonight,” Harris-Walz Campaign Senior Adviser and Senior Spokesperson Adrienne Elrod stated that the “economy was good, for Trump, at the beginning, because of President Barack Obama’s economy.” But, at the end of Trump’s term, “when the pandemic happened, President Biden had to come in and clean it up. Otherwise, we were heading toward a recession.”

Elrod said, “Trump likes to go out there and talk about how great the economy was, but…that economy was good, for Trump, at the beginning, because of President Barack Obama’s economy. And then, at the end, when the pandemic happened, President Biden had to come in and clean it up. Otherwise, we were heading toward a recession. President Biden came in, showed leadership, along with Vice President Harris, made sure that we had a recovery plan in place, made sure that we had policies in place to make sure that we didn’t go into a recession. And now, Vice President Harris, of course, is going out there and talking about how she’s going to continue to lower costs for families, continue to do things to drive down inflation. She’s actually put out policies.”

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https://www.breitbart.com/clips/2024/10/11/harris-spox-trumps-economy-was-good-because-of-obama-then-covid-happened/
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Trump built infrastructure, or more accurately, got the government out of the way. That made it possible for ND to produce 1.4 million barrels of oil per day, because there were ways to get it to the refineries.

Biden, OTOH, stopped infrastructure projects day one.

Biden didn't understand that one of the effects of COVID and crashed oil prices was that stripper wells were plugged and abandoned all over, a cumulative total of some 1.5 million BOPD of oil production, and that the Keystone XL would have moved another 800,000 BOPD of oil from the tar sands up in Canada (and some from the Bakken) to refineries, which would have taken over half of the sting out of losing all that stripper well production.

Instead, that meant the full brunt of that shortfall was felt in the markets, and launched an increase in motor fuels costs (along with the price of crude oil), and that launched an increase in the price of just about everything. The root of the inflation seen under his watch lies there, and in subsequent policies which limited drilling opportunities onshore and off.

As with Obama, what progress the oil and gas industry has made, it has made in spite of the Administration, not because of it. The shortage of Federal leases is only magnified by the fact that for 12 of the last 16 years, leases on private or State land are what has seen the industry through, but even that has its limits.

Who shat upon what economy? You tell me.
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