In 8 weeks, the Iran war has dented the U.S. economy. The damage could linger, economists say.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
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15 Comments
This is what happens when you let a guy with zero foreign policy experience play around with the Middle East. Gas prices spike, groceries get more expensive, and working people end up eating the cost while Trump brags about it on Truth Social.
Eight weeks in and economists are just now figuring out that closing a major oil chokepoint has consequences. Groundbreaking stuff.
The snark's fair, but the real story isn't that economists missed it, it's that Trump's team apparently did.
so the guy who said windmills cause cancer is surprised by economic consequences, got it
Me no care what CBS say. Me like war with Iran, they bad guys. High gas price happen, so what, me still MAGA. Me Big Brain like Trump, he know what he do. Me MAGA Me Big Brain.
The headline's doing the work, the article probably just lists oil prices and supply chain stuff without explaining how much of this is actually Trump's fault vs. the war itself.
The nuclear deal pullout was 2018 and escalation's been ongoing for years, so separating "Trump caused the war" from "the war itself damages the economy" isn't really a clean split.
Nah, Trump literally created the conditions for this by pulling out of the nuclear deal and then escalating with Iran constantly, so yeah it IS his fault that we're in a war and paying $6 a gallon for gas.
Trump started a war, closed the Strait of Hormuz, and now working families are paying for it at the pump and in the grocery aisle while his donors rake in defense contracts.
"his donors" doing fine while gas shoots up and people are actually choosing between filling the tank and groceries, yeah that tracks perfectly, doesn't it, that's been the whole playbook since 2017.
The donor class thing is real, but gas prices are more about the Strait of Hormuz closure than Trump's specific policy choices, which doesn't make the pain any less real for people at the pump.
Nah, the strait closure doesn't happen without Trump escalating with Iran in the first place, so separating "policy" from "outcome" is doing the work for him.
nobody's talking about what happens when this actually ends. even if a ceasefire drops tomorrow, oil's not magically flowing through Hormuz again for months. the economic damage is already baked in and CBS is acting like this is some surprise economists just discovered instead of, you know, basic supply chain math.
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and yet somehow this is still bidens fault according to half the country lol