Trump says 'I love the inflation' after CPI hits 3-year high
By: Dan Mangan (CNBC)
S E E D E D C O N T E N T
President Donald Trump on Wednesday said, "I love the inflation" after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.
Trump, speaking with reporters in the Oval Office, also predicted that inflation is "going to come down like a rock" after the United States' war against Iran is over.
The president linked that prediction to a confusing statement about the U.S. "taking" oil and ships.
"No, I love it, the numbers were great," Trump said when a reporter asked him about the CPI number issued earlier in the morning by the Bureau of Labor Statistics.
"You know what I really love? I love the inflation. You know why?" Trump said. "Because as soon as this war is over, you know I can say it now ... you know we've been taking out millions of barrels of oil."
"Nobody knows it. You know who doesn't know about it? Iran, until right now," Trump said.
"We took out the other night, 22 ships, late at night, with no lights, because they don't have any radar, because we blasted the crap out of it," the president said. "That's why oil is at $85 a barrel."
"We've been taking out millions of barrels of oil, millions of barrels every night," Trump said.
It was not immediately clear what Trump meant by "taking out" oil and ships, and how that related to consumer prices.
CNBC has requested comment from the White House and the Department of Energy.
Energy Secretary Chris Wright, who was testifying at a congressional hearing on Wednesday, said that he was not aware of the U.S. taking millions of barrels out of Iran, the Reuters news agency reported.
Wright said the U.S. military had helped some oil tankers transit the Strait of Hormuz, the waterway between Iran and Oman, and that oil traffic has risen "very meaningfully" through the strait in the past week, Reuters reported.
While the CPI on Wednesday showed annual inflation at a three-year high, core inflation, which excludes the cost of food and energy, was at 2.9% annually. That is in line with forecasts by economists.
But Trump's comments on inflation come as his fellow Republicans fear that consumer angst over rising prices will hurt the chances of GOP lawmakers retaining their slim majorities in both chambers of Congress in November's elections.
Trump in May raised eyebrows when he told reporters, "I don't think about Americans' financial situation" as he argued that his focus in the war on Iran was ensuring that the Islamic Republic does not obtain a nuclear weapon.
Several Democrats quickly posted a video of Trump's latest comments on inflation on social media.
"People can't afford to feed their families. Your struggle is a joke to him," Illinois Gov. JB Pritzker wrote on X.
Sen. Andy Kim, a New Jersey Democrat, also tweeted the video, with the message: "'I love the inflation' —Donald Trump."
Democratic strategist Jon Cooper, in his own X post about the video, said, "The ads write themselves."
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That's the theme of his presidency.
Oh, all the things that Trump loves...
The fact that his supporters don't see anything wrong with this man is simply mind boggling.
They're too busy with their fake California election story.
That and a tattoo have them locking eyes in excitement while they circle jerk.
that's easier for them to mentally process than a corrupt child molester in the white house, that they voted for and continue to support, making them spend an additional $400 per month on a war he started to get his sex scandal off the front page ...
As long as he can rake in money from it.
Of course he loves inflation; that means his rich buddies are making even more money while ripping off the middle class. He's a typical republican.
he doesn't have to pay for gas or groceries, why the fuck would he care ...
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bush wrecks the economy - obama rebuilds the economy - trump takes credit for it and then wrecks the economy with covid incompetence - biden rebuilds the economy - trump and his billionaire friends simultaneously loot the economy while wrecking it.
Sure he likes these high prices coz when they come down (as if!) he will look like a hero to his poorly educated supporters.
that's because most are too fucking stupid to realize it was him that caused those prices to spike ...
Yep!
When your goal is the wreck the country that you hate and that hates you, inflation is desirable.
So, it's been a full day since this was posted and not a single conservative has stopped by to defend their dear Leader. Perhaps they've depleted their metaphorical missile defense stockpiles defending Trumps dozen or so other fuck ups and utterly stupid false narratives.
they can't, trump forgot to shield them from all the price increases his incompetence has generated ...
It was just locker room talk.
They don't want to mop the floor with the tears of their humiliation after exhausting all their whataboutisms and nu-huhs and I know you are but what am I bullshit
MAGA has indeed proven that it is impossible to humiliate those with no shame. They made up the worst lies about liberals and progressives all so they could justify being completely shameless. Now they act as if they have nothing to be ashamed about because all the shame is coming at them from their opponents. If their opponent points out the shit in their teeth, it doesn't matter if they had just been chewing on a turd, they have to deny, deny, deny. They even have to act like they like it sometimes, "Mmmm! That Trump shit is so delicious, I just love tariffs and inflation and higher gas prices and another endless war in the middle east, it's what I asked God for this last Christmas...".
Ok then... tears of their frustration because they got stopped at "but what about....?"
funny how maga republicans waited until most of the WWII vets had died off before pulling their unamerican fascist bullshit ...
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Maybe once they all get their Totenkopf tattoos covered so they don't feel like such miserable hypocrites for attacking Platner, they'll rush over here and tell us all that what Trump said isn't what he meant. Or perhaps what we heard, wasn't what he said and when we heard "Inflation" what he really said was "I love the "In"-flation", you know, when something popular is "In" style and going viral! Yeah, that's it!.
it must be difficult for maga to keep those knee pads clean ...
Trump tattoos their Totenkopf's on the back of their throats with his mushroom.
the maga fountain of youth ...