Donald Trump was unable to explain how rising gas prices as a result of his war with Iran are good for the economy during an interview with Fox’s Maria Bartiromo, instead referencing the stock market, the same way his disgraced former Attorney General Pam Bondi did during grilling by a congressional committee before the so-called president canned her.
“The blockade in the Strait [of Hormuz], the opening up of [oil] capacity in the United States, is this all going to be enough to lower the cost of oil and gas, sir?” Bartiromo asked Trump earlier this morning.
“Well, eventually it’s gonna be lowered… no, it’s… might not happen initially, but it’s gonna go down,” Trump replied.
“When this is all over… look – the stock market, the Dow hit 50,000! It was supposed to be in four, five years, they said ‘it won’t happen during his term’ – it hit 50,000 in my first year! The S&P hit 7,000 in my first year – before my first year! So the stock market has not gone down very much at all – it’s gone down a little bit, much less than I thought. And frankly, gas hasn’t gone up as much as I thought.”
“So do you believe the price of oil and gas will be lower before the midterm elections?” Bartiromo inquired.
“I hope so,” Trump said. “I mean I think so, it could be, it could be the same, or maybe a little bit higher, but it should be around the same. I think this won’t be that much longer.”
When Bondi bragged about the stock market rather than addressing the issue of not releasing all of the Epstein files, the Dow Jones was indeed above 50,000, although using economics in a pathetic attempt to change the subject from those who were victimized by the late sex trafficker.
Now, however, the Dow stands at 47,000, in large part because Trump’s Iran folly has shaken investors who fear it could indeed send the world economy into a tailspin.
One thing’s for sure: When you’re quoting Pam Bondi, you’re standing on some pretty shaky ground.
Do better, Donnie.
