President Barack Obama takes victory lap on economy

My point is it’s right to do it now when gas prices are really low, and they will be low for quite some time to come.

“I’ll probably make a larger speech about that and the direction we need to go on this”, Obama said.

George Rogers, chairman of the Texas Alliance of Energy Producers, said the tax on the sale of crude oil produced in the U.S.is a needless attempt to strangle an industry critical to the nation’s economy and security.

President Obama said Friday the unemployment rate dropping below 5 percent is proof that his economic recovery is working, and blasted Republican presidential candidates for “running down the economy”.

President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020. With a net gain of 151,000 jobs created, the unemployment rate is now at its lowest since the start of 2008, as reported by NBC News on February 5.

“Too many Montana families are living on the brink trying to figure out how to pay for groceries, rent, heat and gas – the President’s new $10 oil tax will hurt them the most”, said Rep. Zinke. Estimates show a $10 tax on a barrel of oil could add 25 to the price at the pump. As he cites an improved jobs landscape and rising wages, he’s also taken to haranguing Republicans who still describe dire fiscal conditions. Highway congestion cost the U.S. economy more than $120 billion in 2011, the study found, and almost one in four United States bridges is “structurally deficient or functionally obsolete”. But, he added, “I guess you can not please everybody”.

The program, part of Obama’s 2017 budget that will be formally presented on Tuesday, is meant to shore up the workforce by giving college graduates useable skills.

Even Democrats, wary of sounding bullish on an economy that many Americans still view as weak, have offered tepid assessments of the country’s financial standing. Big oil will pay the price up front but who ultimately bears the burden falls at the feet of the consumer.

The speaker’s office on Friday called the fee a “radical” tax and said Mr. Obama “wants to cement his legacy as the most anti-energy president”. “From expanding public transit, to developing the vehicles of tomorrow, the president’s plan will put people to work repairing our crumbling transportation system and moving it into the 21st century”.

The annihilation was only beginning in response to a question about getting credit for the progress of the economy, Obama level Republicans for having no plan.