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.
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.
$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”
Bomb Exxon, you dumb twats.
Someone finally remembered the way through this president other than bribes is the stock market.
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.
I’m with you. Village idiots with an audience become emboldened
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.
They didn’t see this coming?
If you’re trying to wreck the dollar, this is what you want to happen.
Remember when they asked Ukraine to stop bombing Russian oil infrastructure and Ukraine told them to go suck a fat one.
