President Donald Trump keeps playing it off…..
Why NOT?
Taxpayer pay for HIS Food, Gas, Office., Security and Travel……
He’s made Billions in the last year and a half…..
He does NOT ‘Feel OUR Pain’….
BUT?
The ‘pain’ IS hurting Him and his Party and YES…..
America….
Those who Bet against Biden /Harris for a Felon Real Estate Guy from New York , on the Economy, for a second run as President , ARE LOSING….
President Donald Trump is losing the political battle over kitchen table issues that he once dominated.
Inflation has surged to the highest level in three years thanks to a politically unpopular war with Iran. Gas prices are falling, but few economists expect them to approach prewar levels anytime soon. Food and utility bills keep creeping higher. Wall Street increasingly expects the Federal Reserve to raise borrowing costs. And administration officials are constantly shifting the time horizon for when a peace deal could unclog global supply chains at the Strait of Hormuz.
All of that is pushing up the cost of living for Americans. For a president who returned to power on promises to address affordability and restore economic optimism, the outlook for inflation looks grim. And with the midterms approaching — and Americans preparing summer travel plans that will be directly impacted by higher fuel costs — Trump is running out of time to reverse course.
“Whether it’s peak inflation or not, it doesn’t matter,” said one former Trump administration official, who was granted anonymity to discuss the president’s political predicament. “The die has been cast in terms of how people are looking at the economy.”
In a statement, White House spokesperson Kush Desai said, “President Trump has repeatedly stressed how oil and gas prices – and thus overall inflation – are set to rapidly drop as soon as Iran’s nuclear dreams are eliminated and the free flow of energy through the Strait of Hormuz is re-established.”….
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Less than a quarter of Americans approve of how the president is managing cost-of-living issues, according to a Reuters/Ipsos poll released this week.
“Inflation is the most insidious,” Sen. Dave McCormick, a Pennsylvania Republican, said at POLITICO’s Energy Summit on Wednesday, adding that he has told voters that the economy is moving in the right direction when it comes to the labor market and that the president’s goals in the Middle East are important. “But I know you’re feeling it. I know you’re feeling it on housing, I know you’re feeling it on energy prices and I know you’re feeling it on health care.”
“Anybody that doesn’t feel that doesn’t have a finger on the pulse of what’s going on in these working communities,” he said.
The White House’s response to Wednesday’s inflation report is unlikely to change many minds. Hours after the Labor Department reported that inflation had crested above 4 percent for the first time since early 2023, Trump told reporters, “I love it, the numbers were great,” adding that oil prices didn’t climb as high as he thought they might when he ordered attacks on Iran in late February….
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A return to war, especially if Iran escalates its attacks on regional energy infrastructure, will only drive oil prices skyward. Iran’s downing of an Army Apache helicopter this week triggered retaliatory strikes from the U.S. And Vice President JD Vance said earlier this week in an interview with CBS that a peace deal could take a week — or months.
The Iran war has already “become the most severe supply disruption in the modern oil era,” said Aditya Saraswat, a researcher at Rystad Energy. Even if the Strait of Hormuz were to partially reopen by mid-July, those losses would reach 2 billion by the end of the year.
“Each additional month of conflict adds roughly 350 million barrels to cumulative losses, with a growing share that will never come back,” he said….
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