Under President Trump, America had its strongest economy ever, the world’s strongest economy ever, with full employment, stock market highs, and the world’s highest GDP.
A big part of it was because of President Trump’s America-First energy policy. Larry Kudlow explains how Biden is killing this industry in the US.
In his intro yesterday, Larry Kudlow summarized Biden’s insane actions that are hurting the US tremendously. Here are pieces from what this great financial guru and economic mastermind who worked with President Trump shared:
Let me begin with an abbreviated riff tonight. First of all, as I’ve mentioned before, President Biden’s handling of this Putin-Ukraine business has been uncertain, ambiguous, reactive and embarrassing to anybody who believes in “America First.”
…Next topic: World oil prices are surging above $90, quite possibly to $100 or more, but the radical climate people populating the Biden administration with the president’s enthusiastic support continue to wage war against all forms of fossil fuels and pipelines.
Europe and the rest of the world need more oil and natural gas and they need it right now. We’ve got enough of an inflation problem as it is. So naturally, Team Biden is doing everything it can to prevent this. Of course, they have stopped the drilling in Alaska, stopped the Keystone XL pipeline and jacked up drilling fees on public lands.
In recent weeks, the fossil fuel jihad has intensified. First, they’ve pulled the rug out from under the infrastructure bill by stopping the one federal decision, NEPA permitting provision, with excessive environmental and endangered species regulatory burdens. Bridges, roads and highways will be short-changed and new pipelines may be dead.
…So, the world needs oil and natural gas and Joe Biden is doing everything he can to say “no.”
Think Vladimir Putin has a smile on his face over this? Yup. Bet he does.
His best friend is Joe Biden who is killing the world’s greatest energy industry here in America with presidential edicts and regulatory czars at FERC, FED, SEC, and elsewhere—and lord knows what else they’re cooking up. That’s my riff.