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No, the energy sector isn’t booming

June 13, 2017

Contrary to Trump’s tweets that the “drilling and energy sectors are way up,”they are in fact“the only sector among 11 in the S&P 500 to lose ground since Trump’s win.” I don’t think that has any more to do with Trump’s actions than I do the stock market’s continued rise. No matter that it happens weekly, it still continues to amaze me that Il Donald is compelled to create completely bogus alternative facts, solely to boost his ego. More frightening, his Republican supporters now treat that as normal and unremarkable. Their president can step out regularly to say certain business is up when it is down or that the sun rises in the west, and his supporters dutifully will go around the table singing his praises. Americans should think that is weird and eery.

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