The Trump administration has started to panic about the spiking price of oil.
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.
He has no economic accomplishments
Now now, he made quite a pretty penny on that crypto rug pull.
No one reads…
Sure he does!
The man pissed through his $400 million dollar inheritance in just a few years, say what you want, that’s impressive!
LOL, I know, right? I find it hilarious that the RWAs think that CNN is “liberal”, LOL. Someone typed that up and expected people to take that sentence at face value.
$4.99 for 100ea on Etsy, showing as a ‘hot’ item and bestseller. I doubt we’ll see them in the quantities we saw the Biden stickers but it’s pretty funny.
I’d buy some if they added “along with many, many girls aged 12-14”
Christ, I hope we see a lot more, given it’d actually be accurate in this case.
I recently blocked a childhood friend on Facebook over this. They shared one of those stupid Biden stickers with a $5 a gallon price Tag.
Their point was, of course, the democrats made it worse than Trump ever did. I don’t know how this happened. How people got so turned around. Arguing with him seemed pointless. Pointing out that Biden didn’t do that. Pointing out that it’s going to get worse. Pointing out that democrats in general are just status quo bitches…
I just blocked him. I can’t fix whatever shit has pickled peoples brains.
We’re living in the disinformation age, where people silo themselves in media, including news, that reinforces whatever they want to believe. Eventually their views will run into cold, hard reality, but even then some will continue to live in denial.
Yep. I try not to do that. Discussion is good when done in good faith. It’s too bad the disinformation age also has AI agents and censorship. Man. It’s just wild. The censorship. We educated ourselves and now we have the next generation growing up in slop but not knowing their in slop. Or worse, knowing but having know way to escape it as all methods of escape are cut off. So many sides of digital enlightenment being attacked. I don’t know if we’ll escape it. Information has become entertainment. Activism is just performance.
People aren’t mad enough.
I hope you’re right though. I hope we find a way. Likely the US is fucked but that doesn’t mean humanity is fucked. Action still has inpact. It’s hard to remember that, but it does.
Things tend to turn in cycles, and we are experiencing the end of a cycle similar to that which occurred in the late 1920s and led into WWII. Billionaire Ray Dalio put out a nice ELI5 type video a few years back summarizing his book “Principles for Dealing With the Changing World Order” that basically puts into the context of history what we are currently going through. I had read his book back in 2022, and things have significantly progressed precisely as anticipated in the 4 years since it came out. In my opinion, things will come to a head this year, probably in the fall. I believe that we are currently in the late stages of excess, similar to the late 1920s, and that we will have a “blow off top” in the stock market and the biggest financial crisis of all time, and I’m not the only one. Look at what has been happening to the price of gold, which is currently over $5K/oz and has been on the greatest bull run of all time, which has largely been driven by purchases from the world’s central banks. This is the world shifting away from the dollar as the reserve currency, which will only accelerate as the dollar collapses. My greatest concern is that Trump will use the chaos that erupts to nakedly seize power and dispense with the ruse that he’s a president and not a king.
I’m with you. Village idiots with an audience become emboldened
… some of his key economic accomplishments.
Name one there asshat journalist.
Also, keep in mind that a fat ego wounded animal and his psycho pack will be lashing out with this kind of news and respond with stuff like passing the SAVE act to save their own skins.
The economic accomplishment of helping the Warner Bros Discovery buyout to change how CNN reports on him: https://edition.cnn.com/2025/12/10/media/trump-cnn-sold-paramount-warner-bros-netflix
Regardless of what you think about him, gas prices have been great the last few months. That was like the only thing that was going well for him.
Gas prices affect literally everything else so we can expect costs for groceries to spike as well pretty soon.
Who would have guessed that invading another country with oil would help american oil prices…
The gas prices I was paying were almost exactly the same as I paid in October 2024. IOW I don’t see him doing any better than Biden.
the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.
Jesus fucking christ, name ONE. And by name one, I specifically mean a net positive that would actually be reversed by this new negative, instead of just adding to the colossal overdraft of negatives already accruing on all our accounts.
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
In what world is it a surprise to see oil prices spiking when you launch an attack on an oil producer in the middle east? Iran has repeatedly threatened to shut down the Strait of Hormuz over the years, which would stop the flow of ~30% of the world’s oil. It’s one of the very few levers of power Iran has to pull, and anyone with an ounce of common sense knew they’d do it if attacked. Fortunately, we’re in a midterm election year, so the catastrophe Trump has teed up will hopefully torpedo Republicans’ grip on Congress.
Because an inherent distrust of experts leads to a reduction in expertise which leads to imbeciles being surprised their ideas don’t actually work in the real world.
This is key to why dictatorships decline and fall. Dictators cast out naysayers and refuse to listen to evidence that contradicts them. So they are eventually surrounded by incompetents or manipulators.
But being surprised at increased oil prices after bombing Iran like a week ago?
Are his advisors that deep in their media and social echo chambers? Is this just a line fed to the press?
They didn’t see this coming?
If you’re trying to wreck the dollar, this is what you want to happen.
They don’t care, their goals have nothing to do with pleasing American people or even securing a republican electoral mandate. They have no plan beyond smashing every piggy bank they can get their hands on, and they’ve been wildly successful while we’re all out here screaming about unjust military actions and Epstein.
They are getting everything they want and will face no repercussions past a few rats that won’t flee the ship fast enough when the sinking starts.
He didn’t have any economic accomplishments at home, so he doesn’t have to worry about wiping said accomplishments out.
Minimum wage is seven bucks and change an hour; each of those “reasonable” Tomahawk missiles cost two million
so, no school lunches, times are tight
Just what did these nine dimensional chess players think was going to happen by doing Israel’s bidding and attacking Iran?
you can bet Putin knew what would happen. Ca-chingski.
Bomb Exxon, you dumb twats.
Well what the heck did ya think would happen dumdum
Remember when they asked Ukraine to stop bombing Russian oil infrastructure and Ukraine told them to go suck a fat one.
Someone finally remembered the way through this president other than bribes is the stock market.
It’s not a “this President” problem, it’s the norm. See Citizens United and Super PACs for further details.
It’s not a bribe when it’s a legal “donation”!
both candidates had a billion dollars “donated”, and there’s so much that we don’t often get to see.
No healthy, functioning Republic would elect Trump. Twice. He’s the natural result of decades of corruption (legal though, so it’s not officially corruption, wink wink)
