<[link removed]>



What do inflation and Iran have in common? Trump screwing up.



Inflation rose in May as Americans continue to deal with the fallout of
President Donald Trump’s decision to attack Iran earlier this year, and now
Trump has inadvertently admitted that his efforts at diplomacy in the Middle
East are a failure.

The Bureau of Labor Statistics reported on Tuesday that annual inflation rose
at 4.2%—the highest it has been since 2023. The rate also increased
substantially from the 3.8% mark it hit in April.



The main driver of increased inflation is the rise in energy costs, brought
about by Trump’s action against Iran. His war of choice in Iran has slowed the
transportation of fuel through the Strait of Hormuz, straining global fuel
supplies and raising gas costs.

According to AAA, the average cost for a gallon of gas is $4.15 in the U.S.
and in some areas is as high as $5.83. A year ago, the average cost was $3.12.

While campaigning for the presidency in 2024, Trump repeatedly blamed
inflation on then-President Joe Biden and Vice President Kamala Harris, and
said inflation would be contained on “Day One” of his presidency. That didn’t
happen then—and it still hasn’t.





 



No billionaire backers, no paywalls. Daily Kos news exists because of YOU, our
small-donor community. Now, we need your help. Please donate today.
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>

Donate $5
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>

 



New survey data released by the Federal Reserve Bank of New York on Monday
found that Americans are extremely pessimistic about the economy. The number of
people who responded to the survey and said their finances were “somewhat worse
off” or “much worse off” than a year ago was the highest it has been since
January 2023.

As that damning economic news was released, Trump inadvertently admitted that
the breakthrough in diplomatic talks that he has touted for months with Iran
was a fiction.



“Iran’s Military is a complete and total mess. Much of it, like their Navy
and Air Force, doesn’t even exist anymore – They have been completely defeated.
Iran is all talk and no action. The Bully of the Middle East is DEAD!!!” Trump
wrote on his social media account. “They’ve taken too long to negotiate a deal
that would have been great for them, now they will have to pay the price!!!”

But on Monday, Trump told reporters the U.S. and Iran were “very close to
having a very, very good, strong, powerful deal.” He has promised an imminent
peace deal at least 38 times since late March, according to a CNN tally, but
despite his angry social media posts, no agreement has materialized.

Even as the administration has claimed there is a “ceasefire” between the two
nations, hostilities have continued, including the firing of missiles and drone
warfare.

Trump’s decision to wage war and his ongoing failure to end it have led to
loss of life and economic headaches. All the while, he has minimized the
problems faced by millions of Americans and even lied and said “we don’t need
oil” during a Cabinet meeting in May.

Instead, Trump’s focus has been on staging a UFC fight at the White House as
well as his corruption-plagued construction projects around Washington D.C.,
including the widely derided operation to repaint the Lincoln Memorial
Reflecting Pool.



Click here to check out this story on DailyKos.com.
<[link removed]>




 

We're not asking for much



The average donation to Daily Kos is just $9.44. These gifts may seem small,
but they’re a big deal to us—in fact, they’re our largest source of income. We
couldn’t keep going without them.Will you join thousands of other Daily Kos
readers and donate $9.44 right now to help us close our funding gap?

Donate $9.44
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>



 



You received this email because you signed up for newsletters from Daily Kos.
To stop receiving this newsletter, unsubscribe
<[link removed]>
ormanage
<[link removed]
On Record&city=Cedar Knolls&state=District of Columbia&country=United
States&metadataCustom=testunsub> which newsletters you receive.