President Obama never saw a 3% GDP growth. To give some perspective, he is the only president in history that can say that. It’s a given, Barack Obama did not do a great job with the economy, but that’s not enough. Now, Obama trying to stop Trump’s economic boom.
Obama Calls a Halt to Drilling
Every since Trump was elected the stock market is setting records. Thousands of jobs are being brought back to America.
Thursday, Obama put a roadblock in front of Donald Trump’s path to Make America Great Again. He banned oil drilling in the Arctic and off the East Coast.
Per the Washington Post:
President Obama moved to solidify his environmental legacy Tuesday by withdrawing hundreds of millions of acres of federally owned land in the Arctic and Atlantic Ocean from new offshore oil and gas drilling.
Obama used a little-known law called the Outer Continental Shelf Lands Act to protect large portions of the Chukchi and Beaufort seas in the Arctic and a string of canyons in the Atlantic stretching from Massachusetts to Virginia. In addition to a five-year moratorium already in place in the Atlantic, removing the canyons from drilling puts much of the eastern seaboard off limits to oil exploration even if companies develop plans to operate around them.
The announcement by the White House late in the afternoon was coordinated with similar steps being taken by Canadian Prime Minister Justin Trudeau to shield large areas of that nation’s Arctic waters from drilling. Neither measure affects leases already held by oil and gas companies and drilling activity in state waters.
The White House has made claims that this move is unable to be reversed by Trump.
President Obama realizes who Donald Trump has in his cabinet. He realizes that Donald Trump is going to revitalize the economy with cheap domestically produced energy. Yet, Obama is trying to stop this. Do we need anymore proof that Obama is anti-capitalism and anti-American?
Like and share this to expose Obama for betting against his own country.