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Trump Doesn’t Give a Damn About Your Problems
Paul Krugman | Substack • • nation
Key Points:
- Rising energy prices, driven largely by Trump's conflict with Iran, are a key factor in inflation and a significant campaign issue alongside Trump's corruption.
- Despite Trump's 2024 campaign promises to halve energy prices within a year, gasoline and diesel prices have surged to levels comparable to the Biden-era peak.
- The disruption of oil and refined product flows from the Persian Gulf due to Trump's policies has increased costs for American consumers by approximately $560 billion annually.
- While oil and gas companies have profited substantially from the price surge, ordinary Americans face higher fuel costs, contradicting Trump's populist claims.
- Trump's stance effectively transfers wealth from consumers to oil companies, which heavily support Republican campaigns, highlighting a disconnect between his rhetoric and policy outcomes.
