Words uttered by our dear clueless leader when he heard the new report that inflation is at a 3 year high……
… data released by the US Bureau of Labor Statistics (BLS) on Wednesday showed overall prices in May posted a yearly increase of 4.2%, marking the highest rate of inflation since 2023. Core inflation, which excludes food and energy costs, posted a yearly increase of 2.9%, the highest rate since September 2023.
Why would any president say such bullshit when most of the country is struggling under the pressure of this number?
President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.
Trump, speaking with reporters in the Oval Office, also predicted that inflation is “going to come down like a rock” after the United States’ war against Iran is over.
The president linked that prediction to a confusing statement about the U.S. “taking” oil and ships.
“No, I love it, the numbers were great,” Trump said when a reporter asked him about the CPI number issued earlier in the morning by the Bureau of Labor Statistics.
“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.”
“Nobody knows it. You know who doesn’t know about it? Iran, until right now,” Trump said.
(cnbc.com)
Donny thinks the numbers will come down once he figures out how to end the war with Iran. (Don’t hold your breath that could take awhile)
Trump predicted that inflation would “come down like a rock” when the war was over, CBS News reports. Trump claimed the US had reached “the best economy we’ve ever hit” before the conflict, citing record stock market highs.
So much manure spread and the worse part about it is there are those the believe this stink.
Just a reminder….“Trump promised repeatedly that he would ‘end inflation’ starting on day one but by almost every measure, he’s failed to achieve those goals,” Beyer said. “And far from lowering costs, his tariffs have only made the affordability crisis worse for the American people.”
Is his plan working?
I Read, I Write, You Know
“lego ergo scribo”
If you want to know what Trump understands about economics, just look at the history of his businesses. Most of them went bust, and now he only seems to be interested in making millions from insider trading on oil prices. I doubt he understood that either, someone must have told him how to do it by starting a pointless war.
Best wishes, Pete.
He is playing a game of stock manipulation…..and I hope it does not end well for him and his tech bros. chuq
when you can pay 10 dollars for a single pound of hamburg, something is seriously wrong. People who have grown up with $$$ for fairy tales have no comprehension about any of this. you also can mail a letter for ‘only’ 79 cents. lucky us.
That silver spoon gets in the way…..chuq
He has never cared about a single person other than himself. The cost of living means zero to him and he shows his disdain for people who work for a living every day.
And yet there are those that still worship the ground he crawls on…..chuq
I love inflation too…it keeps me from stacking up too much additional casual cash and it makes me feel better when I know I can afford something others cannot.
Must be so fulfilling for you chuq