The 'Miracle' That Will Guarantee Obama a Second Term
Note the scare quotes round 'miracle'. I don't like the idea of an Obama second term any more than you do. (* see note below). But for once I find myself in agreement with George Soros: despite Obama's best efforts to destroy the US economy through a devilish mix of money-printing, Porculus spending, crony capitalism and enviro-Nazism - not forgetting Solyndra and the cancellation of Keystone XL - he has been thwarted by the shale gas revolution.
Billionaire investor George Soros attributes part of his favorable economic outlook for the U.S. to the nation's shale resources, he said in a weekend TV interview.
"[The economy] definitely shows some signs of revival," Soros said on CNN's "Fareed Zakaria GPS. "Very important is the revival of shale gas and shale oil as a cheap source of energy which has made manufacturing more competitive [and] also the fact that you now had several years of no wage growth, so wage disparities have been reduced, and so all of this is bringing a very welcome relief."
(* Though actually, I do still think four more years of Obama hell would be preferable to four-to-eight years of Romney lame-duckery. Better to have the liberal brand TOTALLY discredited than to have another conservatism-discrediting David Cameron/GWB Mk II poisoning the wells for you...)