Trump disputed the latest BLS inflation report, saying there is no inflation and that tariffs create 'wealth' rather than inflation, while defending his tariffs. He also praised high oil prices, which the article says are straining working-class households and have risen because of the war with Iran. The author argues these claims contradict the data, and that tariffs have harmed the economy and burdened consumers. The piece contrasts this with how major news networks would have covered a Democratic president making similar claims.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Trump Denies Reality : We Dont Have Inflation
Read the original on crooksandliars.com ↗
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The article argues that President Trump faces mounting pressure from inflation and war ahead of the midterm elections. The last consumer price index report before the vote showed inflation at 3.7 percent, well below the 9.1 percent peak under Biden but still a burden for Republicans. Trump's job approval on the economy stands at 33.8 percent in the RealClearPolitics average, and only 27.2 percent approve of his handling of inflation. The author attributes the biggest driver of recent inflation to an energy price spike caused by the Iran war, which he says Trump chose to start despite warnings about the Strait of Hormuz. Trump argues the inflation is a small price for preventing Iran from getting a nuclear weapon, but the article contends that his party will likely pay the political cost at the polls.
- Trump Has a New Inflation Nightmare Ahead of the Midterms. Sugar Prices Just Exploded 34% in 3 Months Before Halloween.
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On Thursday, the ABC, CBS and NBC morning shows highlighted Wednesday's inflation report showing 3.7 percent, its highest in four months, and framed it as squeezing families and hurting Republicans before the midterms. The article cites correspondent Elizabeth Schulze saying inflation costs families an extra $250 a month versus a year ago, with gas up 34 percent, and rancher Scott Belden saying diesel costs him $1,400 more each week. It notes wages have lagged prices for six straight months. The article, which criticizes the coverage as negative and one-sided, argues the reports blamed President Trump's policies, including the Iran war and tariffs, with 19 days until the final votes.
- Iran War , Tariffs Drive Inflation Up , Trump Still Blames Biden
President Donald Trump told an Arizona crowd that President Joe Biden is to blame for inflation, hours after the government reported that consumer prices rose again, driven mainly by gas prices. A Financial Times post cited in the piece said US inflation jumped to 3.7% as the Iran war drove up prices.
- Despite bad inflation report , Trump says economy is doing fine
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