November 30, 2018
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10:16Now PlayingFormer President Barack Obama has recently tried to take credit for the current great state of the US economy and also the current oil boom the US is experiencing. In a series of rallies and talks, he has alluded to or outright said that the credit for those aforementioned things belongs to him.
A major problem with his assertions creeps up when one looks at his recent past. In 2016, he made a famous comment about Trump needing a "magic wand" to get the economy back on track and reach 4% GDP. Trump did both things and now Barack Obama is backtracking on his own words.
Former Shell Oil President John Hofmeister spoke on Fox News about Obama's claims and totally tore them apart. He noted that while a boom in gas/oil did happen while Obama was in office, it happened in spite of him due to local state governments making good decisions. The federal Government had nothing to do with it.
At this point, it may be safe to chop Barack Obama's comments about the economy and oil boom in the US as nothing more than empty bragging in an attempt to revise history for his own legacy.
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‘He Had Nothing to Do With It’: Former Shell Oil President Dismisses Obama’s Claim About America’s Oil Boom
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