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Items tagged with: Economy
"Remember how a bunch of low-information voters — that inexplicable some 4 to 6-ish percent of people who also voted for Barack Obama and also Joe Biden, or who previously didn’t vote at all — came out for Trump in ‘24 because of The Groceries and The Gas and The Inflation and the Masculine Penis Insecurities or whatever?"
~ Marcie Jones
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/6
"Seven in 10 Americans say Donald Trump’s tariffs have led to them paying higher prices, according to an exclusive new poll for the Guardian."
~ Lauren Aratani and Andrew Witherspoon
#Trump #Republicans #economy #prices #affordability #tariffs #billionaires #TaxCuts #BigBeautifulBill
theguardian.com/us-news/2026/m…
Seven in 10 Americans say Trump tariffs have cost them more money
Exclusive survey finds negative economic impacts felt across party lines as White House doubles down on tariffsLauren Aratani (The Guardian)
"In his first public remarks as Iran’s supreme leader, Ayatollah Mojtaba Khamenei called for national unity and said that all US bases in the region should close or face attacks.
The strait of Hormuz will remain closed in order to pressure Iran’s enemies, Khamenei said."
~ The Guardian
#Trump #Iran #war #economy #oil #gas #StraitOfHormuz #Khamenei
/16
"Military analysts say reopening the Strait of Hormuz could require a ground operation to seize Iran’s coastline along the strategic waterway, a move that would significantly escalate the conflict and could lead to higher casualties for U.S. and allied forces, according to the Wall Street Journal."
~ Aaron Parnas
"It feels to me, however, that much of the media is preoccupied with how many things the US blows up on any given day and is less focused on the intricate, interconnected, downstream effects of the war. Trump proudly boasted on Wednesday that the US is self-sufficient in oil production. That’s great, but if Taiwan can’t make chips to run our computers, TVs, cars, and precision-guided missiles, having a lot of oil may be irrelevant."
"The media continues to focus on the disruption to oil supplies, but a bigger crisis may be looming in the liquefied natural gas (LNG) market. For technical reasons, it is difficult to stockpile LNG. For example, Taiwan is heavily dependent on LNG to produce semiconductors; LNG accounts for about 50% of Taiwan’s energy generation. Taiwan has a 100-day oil reserve but only an 11-day LNG supply."
~ Robrt Hubbell
"And yet – you guessed it – Donald Trump is going to keep doing it anyway, even in the face of mounting casualties on all sides of the conflict, the world economy on the brink, and gas and fertilizer prices surging, and increasingly disastrous poll numbers at home for this president."
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/12
"In recent days, two Trump advisers and two other sources briefed on the situation tell me, US officials have delivered another dire warning to our batshit crazy president: They’ve informed Trump and his lieutenants that, based on American intel, the Iranian regime at this time isn’t breaking, isn’t ready to fold on the war or stop retaliating," (continued in /11)
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/10
"In the run-up to launching this regional bloodbath, Trump’s advisers 'fully briefed and prepped' him on how Iran’s government would likely respond by acting to explode oil prices – and damage the markets and our economy – if he went ahead with the war. Trump privately downplayed those warnings. Then he did it anyway."
~ Asawin Suebsaeng
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/9
zeteo.com/p/us-intel-trump-ira…
First Draft – 💥 US Intel to Trump: Iran Isn’t Breaking
The president claims we’ve already ‘won’ in Iran, as his officials tell him we most definitely haven’t; Ohioans protest Trump; and a former ICE lawyer (!) wants to replace Rep. Ilhan Omar in Congress.Asawin Suebsaeng (Zeteo)
"I suspect that Trump may realize deep down that his exercise in epic fury is nuts."
~ William Kristol
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/8
thebulwark.com/p/sing-goddess-…
Sing, Goddess, of the Fury of Trump!
The wartime president is focused on footwear.William Kristol (The Bulwark)
"He governs the country by a kind of manic coaxing which is at war with short-term memory and thrives on the ability to keep as many people fixated on the super dramatic crisis of the moment without remembering that it was preceded by an endless litany of other crises with similar branding."
~ Josh Marshall
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/7
talkingpointsmemo.com/edblog/b…
Borderline Personality Trump and the Uses of Press Myopia
Every president wants favorable press coverage. Most feel a surprising level of grievance when they don’t get it. Donald Trump is singular in using the powers…Josh Marshall (TPM - Talking Points Memo)
"Observers have spent two weeks trying to discern the 'aims' of Trump’s war on Iran, and therefore what might constitute a victory or defeat. His every bizarre utterance about his war 'plans' — including wildly conflicting declarations that Iran has surrendered and the war must be expanded to defeat the regime — immediately move markets."
~ David R. Lurie
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/5
publicnotice.co/p/trump-excurs…
Trump’s military excursion, into an abyss
The evident fact is that the president is nuts.David R. Lurie (Public Notice)
"If the road to Tehran required the sons and daughters of the billionaire & political class to march beside everyone else’s kids, would we still be there?"
~ Thom Hartmann
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/4
hartmannreport.com/p/what-if-e…
What If Every Billionaire's and Senator’s Kid Could Be Sent to Fight in Iran?
If the road to Tehran required the sons and daughters of the billionaire & political class to march beside everyone else’s kids, would we still be there?Thom Hartmann (The Hartmann Report)
"In a puzzling social media post on Thursday, Trump wrote, 'The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.” Who is the “we?” Yes, he and his billionaire buddies are making out like bandits, but most of the world will suffer mightily.
Here we are, nearly two weeks in, and what Americans know about this war comes down to this:"
#Trump #Iran #war #oil #gas #economy #prices #affordability
/29
"Racing to respond to the utterly predictable impact of its Iran attack on global oil prices, President Trump made the impromptu policy announcement that the U.S. government would backstop insurers shipping through the Strait of Hormuz, but as the WSJ reports, the administration had little idea what it was proposing:"
~ David Kurtz
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/10
morningmemo.talkingpointsmemo.…
Of Course It Did: Trump Tantrum Led to Reversal on Law Firm Appeals
INSIDE: Pam Bondi ... Karoline Leavitt ... Pete HegsethDavid Kurtz (Morning Memo)
"He framed the surge as a positive development while insisting the war is necessary to stop Iran from acquiring nuclear weapons. For Americans paying more at the pump, that message is likely to land very differently. But good for Trump’s wealthy oil baron friends, I guess."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/9
"Instead of expressing concern about rising costs for Americans, Donald Trump posted on Truth Social celebrating the price spikes. In his message, Trump argued that higher oil prices are good because the United States is the largest oil producer in the world and therefore 'makes a lot of money' when prices rise."
~ Ben Meiselas
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/8
meidasplus.com/p/thursday-afte…
Thursday Afternoon Updates: Trump Celebrates Higher Oil Prices as Iran War Spirals — 3/12/26
It’s Thursday afternoon, and as we head toward the end of the week, there is a lot happening around the world that you need to know about.Ben Meiselas (Meidas+)
"If you want to understand how this country has degenerated to such a state, how we can be spending nearly $2 billion a day attacking Iran without a clear endgame in sight, while children go without healthcare, nursing homes are understaffed because their workers have been deported, home electricity bills skyrocket due to data centers, consider who benefits and who isn’t hurt."
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/2
"It becomes clearer with each passing day that the people who took us to war with Iran had and have no idea what they’re doing — that they’re adolescents who think they’re playing video games while thousands die and the world careens toward economic crisis. The New York Times reports that Trump officials dismissed warnings that attacking Iran could disrupt world oil supplies."
~ Paul Krugman
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/1
paulkrugman.substack.com/p/the…
The Billionaires’ War
The ultrawealthy put Trump in power but other people will pay the pricePaul Krugman
If you want the details on the #Economics of "Operation Epic Mistake"
#Oil #USA #Economy #Finance #Inflation #News #Iran #Israel #War
oilprice.com/Energy/Energy-Gen…
The Strait Is Closed, the Story Keeps Changing,and You're Paying for It All
Twelve days into Operation Epic Fury, the Strait of Hormuz is effectively closed, oil has been a roller coaster, Iran's war aims are outlasting America's, and the inflation that follows is heading straight for your kitchen table.Michael Kern (OilPrice.com)
"Over the last few days the markets started to go south. So did the optics and politics of the war. And so Trump’s now looking to end it.
This process will have plenty of zigs and zags. Pulling a TACO in war isn’t simple. Once you’ve decided to 'Cry "Havoc," and let slip the dogs of war,' it’s not as easy to get the fierce dogs of war back in the kennel as it is the docile puppies of tariffs."
William Kristol
#Trump #Iran #war #economy #TACO
/16
thebulwark.com/p/tacos-with-a-…
TACOs With a Side of War Porn
Despite his callous bluster, Trump is seemingly retreating.William Kristol (The Bulwark)
"Trump wants to be done because the conflict is getting too messy, Gulf allies are certainly privately asking WTAF Trump’s plan is and more than anything else Trump is realizing that he is triggering what has been the most reliable presidency killer in American politics for more than half a century: spiking gas prices."
$5.20 a gallon, oh boy. That will cut down on teenagers zooming around in their muscle cars at night for fun. 🤔
KTLA: Southern California drivers see steep overnight jump in gas prices