>>1519019
It was not immediately clear what Trump meant by “taking out” oil and ships, and how that related to consumer prices.

CNBC has requested comment from the White House and the Department of Energy.

Energy Secretary Chris Wright, who was testifying at a congressional hearing on Wednesday, said that he was not aware of the U.S. taking millions of barrels out of Iran, the Reuters news agency reported.

Wright said the U.S. military had helped some oil tankers transit the Straight of Hormuz, the waterway between Iran and Oman, and that oil traffic has risen “very meaningfully” through the strait in the past week, Reuters reported.

While the CPI on Wednesday showed annual inflation at a three-year high, core inflation, which excludes the cost of food and energy, was at 2.9% annually. That is in line with forecasts by economists.

But Trump’s comments on inflation come as his fellow Republicans fear that consumer angst over rising prices will hurt the chances of GOP lawmakers retaining their slim majorities in both chambers of Congress in November’s elections.

Trump in May raised eyebrows when he told reporters, “I don’t think about Americans’ financial situation” as he argued that his focus in the war on Iran was ensuring that the Islamic Republic does not obtain a nuclear weapon.

Several Democrats quickly posted a video of Trump’s latest comments on inflation on social media.

“People can’t afford to feed their families. Your struggle is a joke to him,” wrote Illinois Gov. JB Pritzker on X,

Sen. Andy Kim, a New Jersey Democrat, also tweeted the video, with the message: ” ‘I love the inflation’ - Donald Trump.”

Democratic strategist Jon Cooper, in his own X post on the video, said, “The ads write themselves.”

The honesty of this politician is most refreshing

Burn baby, burn.

>>1519020
>It was not immediately clear what Trump meant by “taking out” oil and ships, and how that related to consumer prices.
>Energy Secretary Chris Wright, who was testifying at a congressional hearing on Wednesday, said that he was not aware of the U.S. taking millions of barrels out of Iran, the Reuters news agency reported.
Oh damn, this wasn't even Trump not understanding a stat someone gave him at a meeting where he wasn't paying attention, Papa Pedo straight up invented this one out of thin air
Can't wait to see how the crisis response team at the White House tries to spin this one

>>1519019
>“You know what I really love? I love the inflation. You know why?” Trump said. “Because as soon as this war is over, you know I can say it now ... you know we’ve been taking out millions of barrels of oil.”
What the fuck are you talking about?

>>1519028
trust the plan, art of the deal, 4d chess, etc.

>>1519019
Inflation is a good thing ok? Look at the stock markets. Better than ever. Trust the plan

Dobson was right all along.

panicans and dumocrats seething

>>1519019
Reminder that inflation going down is different from deflation. Democrats and Republicans are both vehemently anti-deflation. Inflation will continue until morale improves.

>>1519019
Republicans will bury this.

I agree. Gas at my local Sam's Club is at $3.99/gallon. That is DOWN from two weeks ago.

What? It was $2.30 before the Iran war? Doesn't matter. It's down from last week! Get in losers ...

Amazing how powerful the conservative biased media is to bury this.
If Biden said this, the media would be repeating it 24/7.
Since it's trump and the media is fully controlled by conservatives, it's already gone.

>>1519113
>What? It was $2.30 before the Iran war? Doesn't matter. It's down from last week! Get in losers ...
Man, that's like $4 cheaper than when Biden was president. No one complained then, that's why I don't think anyone cares what the price of gas is.

>>1519019
I did vote for this though, I want democrats to suffer this is a good thing, I want them to hold their heads and squirm screaming in agony when they lose the midterm again. When the homeless mug and rob them the same people who they've been happily filling the streets with will start to target them, rob them stab them steal from them. It is a moment soon every leftists will be faced with the same fate of Irina except in this situation they asked for it it is karma IT IS JUSTICE.

>>1519076
Why? 4.2% is pretty good globally.
You'd have to be a moron, entirely uneducated, to think otherwise. Thus the reason CNBC presents the data and the quote without greater context so it can be digested by mouth breathing Democrat voter's who didn't catch their favorite late night comedian's monologue last night.

>>1519019
I also voted for this, because 9% inflation for two years brought about by bungling Democrats was too much, along with higher gas prices and constant scams.
As a racist, even if Democrats become the party of the KKK again, I'll still never vote for them ever again.

>>1519228
>Inflation is now good
And here comes the cope and gaslighting

>>1519287
You're a fucking retard.

>>1519228
Sorry for the long note here, just information to consider.

Most first world countries aim for a 2% inflation rate? Is 4% America's federal target inflation rate? If so the statement is correct, the rate is good.

Most countries manage their inflation rate by adjusting their daily interest rate (floating/bank rate) so consumers pay roughly double what inflation is, just to keep inflation in-check. Note, mortgage rate are almost always cheaper as they are determined by level of risk posed by that consumer. At times of desired growth the federal interest rate is lowered to make the cost of borrowing money more attractive to spur the growth which can cause inflation if not managed by the feds right. If federal rate has already been lowered to drive economic growth, what would be the regular inflation rate the feds are trying to achieve (spoiler alert - it would higher than the current rate).

With hearing about the high cost of living and the inability for consumers to earn enough to meet their current needs, I am quite sure most American consumers would not want to be paying an 8% floating/bank rate.

With all that information I question how is 4.3% a good rate? Just my observation

>>1519363
4.2% is slightly out of range of normally good.
No one complained when inflation was sustained at 8-12% for two years under Biden, so, just like gas prices, I'll assume no one complaining really cares about inflation.

>>1519427
>No one complained

Are you fucking kidding me, all you braindead dipshits do is complain. You stupid mother fuckers still claim 2020 was stolen, and you won't investigate the suspicious circumstances around 2024 at all.

>8-12% for two years

Just openly lying now. Because the day maga builds an argument on facts is the day maga makes a woman cum; never gonna happen, those closet cases are too busy spreading their cheeks.

Inflation never hit 12% under biden. It was above 8% for a few months in in 2022, when global supply chains were still recovering from covid and and inflation was even higher around the globe.

So what you're really saying here is:

>The stupid con-artist pedo who I want to use my mouth like a teenage girl is poisoning the economy to enrich himself, but at least he hasn't done as much damage as one of the worst Healthcare disasters in recent memory.

>>1519427
I just checked and America's target inflation rate is 2.0%. That being said, 4.x% is very high and well past the target hence the high cost of goods.

Once global supply came back into check, other major countries were able to closely achieve their 2.0% target inflation rate, why cant America? Why is the government purposely making life hard on its citizens?

>>1519326
No, that's trump saying 'I love inflation' and all his shills, like you, defending him.

>>1519718
That wasn't Trump that was Dobson in disguise, that's why he disappeared off the internet because he was recruited by Trump to become his body double and promised him a Nintendo Switch 2.

>>1519728
Nope, it was trump. I'd rather have dobson as president at this point.

>>1519746
The inflation would be much more with Dobson.