Tag: oil prices

Lessons Learned

“They said: “He will start a war.” I’m not going to start a war. I’m going to stop wars.”

Donald Trump has chosen to bomb Iran in a joint operation with Israel. In Trump’s view, Iran forced the decision on themselves.

This was after he campaigned and promised no more wars.

Voters said they supported Trump because he tells it like it is.

Like that time while campaigning in 2016 when Trump claimed he was against Gulf War II. Trump said, “I’m the only one on this stage that said: ‘Do not go into Iraq. Do not attack Iraq.’ Nobody else on this stage said that. And I said it loud and strong.”

Facts don’t support Trump’s assertion. No evidence exists that he was against that war until 2004. Trump never let facts deter him.

Same with his supporters. So many of them are applauding this war. Yet, they add, the main reason they voted for Trump was the economy. They wanted lower prices. Trump promised them he would lower prices on day one.

But follow this cause-and-effect logic. The war will cause prices to increase. Within hours of the Iran War’s beginning, shipping traffic through the Strait of Hormuz dropped. Oil prices went up.

When oil prices rise, so do manufacturing and shipping costs, consumer goods, and food prices.

Trump and his backers think the bombing of Iran will make the world safer, just as they said when Bush invaded Iraq and Afghanistan — the war which Trump said he was against.

Many, including Pete Hegseth, Trump’s Secretary of Defense, are saying that this war is not like the war in Iraq or Afghanistan. They think it will last weeks, not years.

Sure. That’s exactly what the Bush administration said in 2002.

Rumsfeld: It Would Be A Short War

We’ve learned so much since then.

Haven’t we?

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Frieda’s Wandering Political Thoughts

Things have been going on that I didn’t notice.

Ford and GM have both announced production increases. Ford focused on its lowest priced vechicles. GM focused on its truck production in Indiana. Both moves are attempts to offset expected losses coming from the Trump tariffs.

The measles outbreak in Texas continues growing. 481 total cases, with 59 new cases over the last three days. Five states now report outbreaks. An outbreak in Mexico is related to the Texas outbreak.

Oil prices have dropped to their lowest in three years. Oil prices are softer because energy companies expect less demand due to economic downturns. Those downturns are associated with less manufacturing production, a decrease in international trade, and a drop in travel to and from the United States.

It can mean some good news for people. Gas prices have dropped and will drop more in the short term. Watching how the mounting problems at national parks, such as closures, no trash pick up, reduced staffing, and congestion caused by those things, will affect travel as the weather warms in the United States.

Several articles which pointed out major problems with PINO Trump’s trade war. All are classic errors. No exit strategy; a poorly defined enemy; no clear terms for victory. These factors sank multiple efforts to change things in decades past. If Trump fails — or when he fails — he’ll blame others. His family’s motto is, “It’s not my fault.”

Despite the great Jobs Report, layoffs spiked by 205% last month. This represents the third-highest monthly total ever recorded.

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