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.
Here’s some advice…
STOP POINTLESS WARS ASSHOLES.
For a party that campaigned on no WARS, they sure have started lots of them in various ways over the past year. Fucking moron pedophiles.
$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.
wipe out some of his key economic accomplishments at home.
Would that be devastating the economy though tariffs? Or devastating the economy through unemployment? Or devastating the economy through imprisoning our inexpensive labor force? Or devastating the economy through outright theft?
I think the word being sought was exacerbate.
war abroad threatens to
wipe outexacerbate some of his key economic accomplishments at homeThat reads much more accurate.
Are the economic accomplishments on the room with us?
Well give him SOME credit, no other president has managed to cause this much economic damage to the US in this little time.
Oh boy! My neighbor’s with their big ass truck are going to get a heart attack:
Why are some Arcos capitalised and some not?
My best guess is it’s pulling in Google Business listings. A business, or SEO, either didn’t harmonize the naming schemes for all locations or there are duplicate listings with varied naming conventions that are still out there that get displayed.
There is nothing plural about apostrophes.
While I can appreciate the shock of the sudden increase to you guys, it does make me chuckle that even the most expensive there is at a price so low compared to the UK that I can’t recall the last time it was even close to that.
As another European, it doesn’t make me chuckle, it makes me fucking furious. But not as furious as genocide and bombing little girls.
Yes, but it’s because of subsidies. Your taxes pay for healthcare; our taxes pay for fuel. Which we also then pay for.
Yeah I think I’ll stick with being able to stay alive.
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.
Ironically, sites like this very one we’re on now seem tailor-made to enhance that effect.
Like what someone said? Upvote and respond with supportive comments. Don’t like it? Downvote, denigrate, block, defederate. Eventually people sort themselves out into communities where they “belong” and stop seeing what other people are saying, and they start to think that everyone shares their views.
I try not to lock myself into a community like that. I like data and fact supported by evidence. I tend to filter myself as needed. Federation has a tribalism problem but I haven’t seen it as toxicity present in most of the main spaces. The fringe server like hexbear…sure. I keep my nose there too. They’re funny. The smart phone and social media in general has wrecked our ability to self regulate in public digital spaces. And the algorithm broke the upvote system that used to help show a level of class solidarity between people in different backgrounds. I can’t say how much was intentional and how much we slipped into, but we all need to make an effort to regulate ourselves.
Tribalism is the enemy of progress.
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Even more ironically, my point is illustrated by my comment itself. It’s already getting downvoted heavily.
Guess that’s not an opinion that people want to see here, eh?
Guess that’s not an opinion that people want to see here, eh?
There are plenty of reasons to not want to engage with the “other side”. Exposing yourself to different viewpoints in general? All well and good. Having a discussion with people who think a fascist bombing Iran means Biden is responsible for rising gas prices? What exactly does that add to my life? Until MAGA cultists can prove they understand basic reality their opinions are useless (at best) cult propaganda lies that should be shunned from public discourse.
Granted there aren’t too many trumpets on the fediverse, but in light of the gas price comment OP of this thread I don’t think lemmy shows the echo chamber you accuse it of.
Yeah, I’m tired and got snippy myself. It’s late and I should be asleep. There’s a thread-bare line between keeping a line of dialogue open and being suseptible to brainwashing. It’s hard to self-regulate sometimes.
Sorry about that. The instinct to just bark at someone online is pavlovian. Trained into us by doom scrooling and positive reinforcement from having the behavior upvoted.
I wrote a paper on it actually. More people should try to be aware of how many ways they’re getting happy chemicals from comments and upvotes.
I try to keep social media (in general) framed as a casino.
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.
I know this is an edit but I could definitely see Scooby doo doing this as a skit at least once. Specifically the OG, a pup named Scooby doo, or Mystery Incorporated. Also shout out to the early aughts movies who did some similar gags.
Wow, big Scooby Doo nerd over here.
They’re figuring out that the president has both a lot less and a lot more power over oil prices than they ever claimed.
Drank their own kool-aid.
They didn’t see this coming?
They didn’t even bother to fill up the strategic oil reserve
If you’re trying to wreck the dollar, this is what you want to happen.
It was presumably planned to be a three-day special military operation. The people would rise up and support the invaders once the leaders were taken out in the initial decapitation strike.
Remember when they asked Ukraine to stop bombing Russian oil infrastructure and Ukraine told them to go suck a fat one.
