Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 4,401
yet more delusional talk as economic genius frump's early senility onset proceeds apace
"...Donald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high.
Speaking from the White House on Wednesday, the US president said that he was not concerned about inflation because of recent developments in the conflict.
“No, I love it. The numbers were great,” he said, before adding that the US has been taking out “millions of barrels of oil” without Iran’s knowledge.
“We took out the other night 22 ships late at night, with no lights because they don’t have any radar, because we blasted the crap out of it,” Trump said, making a claim that has not been independently verified by the Guardian. “That’s why oil is at $85 a barrel.”
Trump emphasized his control over the situation, saying that since the outset of the war, he understood the impact that it would have on the economy.
“Remember when I did this, I said … I hate to do this to you guys, but Iran is going to have a nuclear weapon very soon. We have to go in and attack,” Trump said.
Data from earlier in the day showed prices had increased sharply over the past several months, rising at an annual rate of 3.3% in March before going up to 3.8% in April. In February, before the conflict began, inflation was at 2.4%.
Energy prices were once again responsible for the increase in the consumer price index, according to new data from the Bureau of Labor Statistics, accounting for 60% of the overall monthly increases. The national average price for a gallon of gas is $4.15, according to AAA, which is slightly lower than where the price was a month ago but still $1 per gallon more than a year ago. Airline fares also increased 26.7% annually, a squeeze travelers may have already noticed before the busy summer season.
www.theguardian.com
comrade stalin
"...Donald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high.
Speaking from the White House on Wednesday, the US president said that he was not concerned about inflation because of recent developments in the conflict.
“No, I love it. The numbers were great,” he said, before adding that the US has been taking out “millions of barrels of oil” without Iran’s knowledge.
“We took out the other night 22 ships late at night, with no lights because they don’t have any radar, because we blasted the crap out of it,” Trump said, making a claim that has not been independently verified by the Guardian. “That’s why oil is at $85 a barrel.”
Trump emphasized his control over the situation, saying that since the outset of the war, he understood the impact that it would have on the economy.
“Remember when I did this, I said … I hate to do this to you guys, but Iran is going to have a nuclear weapon very soon. We have to go in and attack,” Trump said.
Data from earlier in the day showed prices had increased sharply over the past several months, rising at an annual rate of 3.3% in March before going up to 3.8% in April. In February, before the conflict began, inflation was at 2.4%.
Energy prices were once again responsible for the increase in the consumer price index, according to new data from the Bureau of Labor Statistics, accounting for 60% of the overall monthly increases. The national average price for a gallon of gas is $4.15, according to AAA, which is slightly lower than where the price was a month ago but still $1 per gallon more than a year ago. Airline fares also increased 26.7% annually, a squeeze travelers may have already noticed before the busy summer season.
Trump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices
comrade stalin
