President Obama is fond of saying that he is responsible for one of the greatest jobs recoveries in history. Never mind the fact that less Americans are in the active workforce, as a percentage, than at any time in three decades. Never mind that his recover has been the weakest jobs recover of the century. He says the recovery is “real, steady, and happening.” He says America is experiencing the longest period of uninterrupted growth in US history.
Ok, so let’s assume that we’re creating massive numbers of new jobs.
Is Obama responsible for those jobs?
In a word, no.
It turns out that Obama’s recovery hasn’t been his recovery at all: it’s been those evil oil and gas companies. As Stephen Moore of the Heritage Foundation points out, “From 2008 to 2013, the oil and gas industry created more jobs on net than all other industries combined.”