2018 was a good year for the US because of Trump policies

Victor Davis Hanson:
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In December, the United States reached a staggering level of oil production, pumping some 11.6 million barrels per day. For the first time since 1973, America is now the world’s largest oil producer.

Since Trump took office, the U.S. has increased its oil production by nearly 3 million barrels per day, largely as the result of fewer regulations, more federal leasing, and the continuing brilliance of American frackers and horizontal drillers.

It appears that there is still far more oil beneath U.S. soil than has ever been taken out. American production could even soar higher in the months ahead.

In addition, the United States remains the largest producer of natural gas and the second-greatest producer of coal. The scary old energy-related phraseology of the last half-century—”energy crisis,” “peak oil,” “oil embargo”—no longer exists.

Near-total energy self-sufficiency means the U.S. is no longer strategically leveraged by the Middle East, forced to pay exorbitant political prices to guarantee access to imported oil, or threatened by gasoline prices of $4 to $5 a gallon.

The American economy grew by 4.2 percent in the second quarter of 2018, and by 3.4 percent in the third quarter. American gross domestic product is nearly $1.7 trillion larger than in January 2017, and nearly $8 trillion larger than the GDP of China. For all the talk of the Chinese juggernaut, three Chinese workers produce about 60 percent of the goods and services produced by one American worker.

In 2018, unemployment fell to a near-record peacetime low of 3.7 percent. That’s the lowest U.S. unemployment rate since 1969. Black unemployment hit an all-time low in 2018. For the first time in memory, employers are seeking out entry-level workers rather than vice versa.

The poverty rate is also near a historic low, and household income increased. There are about 8 million fewer Americans living below the poverty line than there were eight years ago. Since January 2017, more than 3 million Americans have gone off so-called food stamps.

Abroad, lots of bad things that were supposed to happen simply did not.

After withdrawing from the Paris climate accord, the U.S. exceeded the annual percentage of carbon reductions of most countries that are part of the agreement.

North Korea and the U.S. did not go to war. Instead, North Korea has stopped its provocative nuclear testing and its launching of ballistic missiles over the territory of its neighbors.

Despite all the Trump bluster, NATO and NAFTA did not quite implode. Rather, allies and partners agreed to renegotiate past commitments and agreements on terms more favorable to the U.S.

The United States—and increasingly most of the world—is at last addressing the systematic commercial cheating, technological appropriation, overt espionage, intellectual property theft, cyber intrusions, and mercantilism of the Chinese government.

The Middle East is still chaotic, but it is a mess that is now far less important to the U.S. for a variety of reasons. Energy-wise, America is not dependent on oil imports from corrupt Gulf monarchies or hostile Islamic states. Strategy-wise, the new fault lines are not Arab and Islamic cultures versus Israel or the United States. Instead, it is internecine strife within the Islamic world, mostly with Iran and its Shiite satellites opposing the Sunni Arab monarchies and more moderate Middle Eastern regimes.
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The media and the Democrats are still in a state of hysteria, but it looks more and more like they are in a panic over the success of the Trump economy.  They are still trying to harass the President with the bogus Russian collusion nonsense and are in a vain search for any reason to impeach him, but in doing so it is making them look like the Henny Penny party. 

Unleashing the US energy potential and bringing back manufacturing jobs is growing the economy and the strength of the US.  It also highlights the failure of the Democrat regulatory state under Obama.

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