The Trump administration has started to panic about the spiking price of oil.
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.
… some of his key economic accomplishments.
Name one there asshat journalist.
Also, keep in mind that a fat ego wounded animal and his psycho pack will be lashing out with this kind of news and respond with stuff like passing the SAVE act to save their own skins.
The economic accomplishment of helping the Warner Bros Discovery buyout to change how CNN reports on him: https://edition.cnn.com/2025/12/10/media/trump-cnn-sold-paramount-warner-bros-netflix
Regardless of what you think about him, gas prices have been great the last few months. That was like the only thing that was going well for him.
Gas prices affect literally everything else so we can expect costs for groceries to spike as well pretty soon.
Who would have guessed that invading another country with oil would help american oil prices…
He has no economic accomplishments
Sure he does!
The man pissed through his $400 million dollar inheritance in just a few years, say what you want, that’s impressive!
Now now, he made quite a pretty penny on that crypto rug pull.
No one reads…
LOL, I know, right? I find it hilarious that the RWAs think that CNN is “liberal”, LOL. Someone typed that up and expected people to take that sentence at face value.
I don’t know, bankrupting casinos is quite the accomplishment.
… context
Didnt he raid Venezuela to steal their oil? If so he WANTS prices to go up to sell that stolen oil for more $$$
It’ll be years before the US gets their hands on that oil, they can only sell the shipping containers they stole.
I wouldn’t be surprised, also the rising oil prices help his friend Putin.
wipe out some of his key economic accomplishments at home.
Would that be devastating the economy though tariffs? Or devastating the economy through unemployment? Or devastating the economy through imprisoning our inexpensive labor force? Or devastating the economy through outright theft?
I think the word being sought was exacerbate.
war abroad threatens to
wipe outexacerbate some of his key economic accomplishments at homeThat reads much more accurate.
It’s CNN; an Epstein-class owned propaganda operation. They are one of hundreds of domestic enemies Americans should do something about before their nazi party murders millions of people both at home and abroad.
He didn’t have any economic accomplishments at home, so he doesn’t have to worry about wiping said accomplishments out.
Minimum wage is seven bucks and change an hour; each of those “reasonable” Tomahawk missiles cost two million
so, no school lunches, times are tight
the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.
Jesus fucking christ, name ONE. And by name one, I specifically mean a net positive that would actually be reversed by this new negative, instead of just adding to the colossal overdraft of negatives already accruing on all our accounts.
Are the economic accomplishments on the room with us?
Well give him SOME credit, no other president has managed to cause this much economic damage to the US in this little time.
$4.99 for 100ea on Etsy, showing as a ‘hot’ item and bestseller. I doubt we’ll see them in the quantities we saw the Biden stickers but it’s pretty funny.
Christ, I hope we see a lot more, given it’d actually be accurate in this case.
I’d buy some if they added “along with many, many girls aged 12-14”
Ooo, I have a few left from the grocery hike, time to go dig 'em out.
Just what did these nine dimensional chess players think was going to happen by doing Israel’s bidding and attacking Iran?
you can bet Putin knew what would happen. Ca-chingski.
I recently blocked a childhood friend on Facebook over this. They shared one of those stupid Biden stickers with a $5 a gallon price Tag.
Their point was, of course, the democrats made it worse than Trump ever did. I don’t know how this happened. How people got so turned around. Arguing with him seemed pointless. Pointing out that Biden didn’t do that. Pointing out that it’s going to get worse. Pointing out that democrats in general are just status quo bitches…
I just blocked him. I can’t fix whatever shit has pickled peoples brains.
We’re living in the disinformation age, where people silo themselves in media, including news, that reinforces whatever they want to believe. Eventually their views will run into cold, hard reality, but even then some will continue to live in denial.
Yep. I try not to do that. Discussion is good when done in good faith. It’s too bad the disinformation age also has AI agents and censorship. Man. It’s just wild. The censorship. We educated ourselves and now we have the next generation growing up in slop but not knowing their in slop. Or worse, knowing but having know way to escape it as all methods of escape are cut off. So many sides of digital enlightenment being attacked. I don’t know if we’ll escape it. Information has become entertainment. Activism is just performance.
People aren’t mad enough.
I hope you’re right though. I hope we find a way. Likely the US is fucked but that doesn’t mean humanity is fucked. Action still has inpact. It’s hard to remember that, but it does.
Things tend to turn in cycles, and we are experiencing the end of a cycle similar to that which occurred in the late 1920s and led into WWII. Billionaire Ray Dalio put out a nice ELI5 type video a few years back summarizing his book “Principles for Dealing With the Changing World Order” that basically puts into the context of history what we are currently going through. I had read his book back in 2022, and things have significantly progressed precisely as anticipated in the 4 years since it came out. In my opinion, things will come to a head this year, probably in the fall. I believe that we are currently in the late stages of excess, similar to the late 1920s, and that we will have a “blow off top” in the stock market and the biggest financial crisis of all time, and I’m not the only one. Look at what has been happening to the price of gold, which is currently over $5K/oz and has been on the greatest bull run of all time, which has largely been driven by purchases from the world’s central banks. This is the world shifting away from the dollar as the reserve currency, which will only accelerate as the dollar collapses. My greatest concern is that Trump will use the chaos that erupts to nakedly seize power and dispense with the ruse that he’s a president and not a king.
Ironically, sites like this very one we’re on now seem tailor-made to enhance that effect.
Like what someone said? Upvote and respond with supportive comments. Don’t like it? Downvote, denigrate, block, defederate. Eventually people sort themselves out into communities where they “belong” and stop seeing what other people are saying, and they start to think that everyone shares their views.
I try not to lock myself into a community like that. I like data and fact supported by evidence. I tend to filter myself as needed. Federation has a tribalism problem but I haven’t seen it as toxicity present in most of the main spaces. The fringe server like hexbear…sure. I keep my nose there too. They’re funny. The smart phone and social media in general has wrecked our ability to self regulate in public digital spaces. And the algorithm broke the upvote system that used to help show a level of class solidarity between people in different backgrounds. I can’t say how much was intentional and how much we slipped into, but we all need to make an effort to regulate ourselves.
Tribalism is the enemy of progress.
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Even more ironically, my point is illustrated by my comment itself. It’s already getting downvoted heavily.
Guess that’s not an opinion that people want to see here, eh?
Yeah, I’m tired and got snippy myself. It’s late and I should be asleep. There’s a thread-bare line between keeping a line of dialogue open and being suseptible to brainwashing. It’s hard to self-regulate sometimes.
Sorry about that. The instinct to just bark at someone online is pavlovian. Trained into us by doom scrooling and positive reinforcement from having the behavior upvoted.
I wrote a paper on it actually. More people should try to be aware of how many ways they’re getting happy chemicals from comments and upvotes.
I try to keep social media (in general) framed as a casino.
Guess that’s not an opinion that people want to see here, eh?
There are plenty of reasons to not want to engage with the “other side”. Exposing yourself to different viewpoints in general? All well and good. Having a discussion with people who think a fascist bombing Iran means Biden is responsible for rising gas prices? What exactly does that add to my life? Until MAGA cultists can prove they understand basic reality their opinions are useless (at best) cult propaganda lies that should be shunned from public discourse.
Granted there aren’t too many trumpets on the fediverse, but in light of the gas price comment OP of this thread I don’t think lemmy shows the echo chamber you accuse it of.
To be fair, the vote ratio on the comment I above that I said was being heavily downvoted has now recovered; it initially got hammered with nothing but downvotes but now it’s at about a 2:1 upvote:downvote ratio.
The subjects that get “filtered” vary from community to community, but it’s pretty easy to find non-political topics where it’s clear that there’s no desire to “expose yourself to different viewpoints in general” in most Fediverse communities. You can’t just dismiss them all as being “well that particular viewpoint is just cultist propaganda” without that being exactly the thing I’m pointing out as a problem.
I’m with you. Village idiots with an audience become emboldened
I know this is an edit but I could definitely see Scooby doo doing this as a skit at least once. Specifically the OG, a pup named Scooby doo, or Mystery Incorporated. Also shout out to the early aughts movies who did some similar gags.
Wow, big Scooby Doo nerd over here.
Here’s some advice…
STOP POINTLESS WARS ASSHOLES.
For a party that campaigned on no WARS, they sure have started lots of them in various ways over the past year. Fucking moron pedophiles.
It’s not pointless for Boeing, Northrup, Israel, and other “donors”. They will make a KILLING
Oh right, sorry. How could I forget about the poor military industrial complex. My bad! They gotta eat!
Hey don’t let Congress of the hook there, it’s the congressional military industrial complex, to quote Eisenhower.
They’re figuring out that the president has both a lot less and a lot more power over oil prices than they ever claimed.
Drank their own kool-aid.
Well what the heck did ya think would happen dumdum
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
In what world is it a surprise to see oil prices spiking when you launch an attack on an oil producer in the middle east? Iran has repeatedly threatened to shut down the Strait of Hormuz over the years, which would stop the flow of ~30% of the world’s oil. It’s one of the very few levers of power Iran has to pull, and anyone with an ounce of common sense knew they’d do it if attacked. Fortunately, we’re in a midterm election year, so the catastrophe Trump has teed up will hopefully torpedo Republicans’ grip on Congress.
Because an inherent distrust of experts leads to a reduction in expertise which leads to imbeciles being surprised their ideas don’t actually work in the real world.
This is key to why dictatorships decline and fall. Dictators cast out naysayers and refuse to listen to evidence that contradicts them. So they are eventually surrounded by incompetents or manipulators.
But being surprised at increased oil prices after bombing Iran like a week ago?
Are his advisors that deep in their media and social echo chambers? Is this just a line fed to the press?
