More dumbfrackery… Trump thanks himself for oil prices

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Gage Skidmore / Flickr Donald Trump...
Gage Skidmore / Flickr

Somebody needs to tell Trump that 40% of U.S. oil imports come from Canada and 11% from Saudi Arabia.  Oh yeah, and that he has no idea what he’s talking about.

Another sugar high from Mar-a-Lago chocolate cake, Trump’s spent too much time being schmoozed by his fellow club members. The reality comes from the CBC among others who show that in reality unleaded gas prices have been rising since the beginning of the Trump regime.

Thread by @RyanHillMI: “@realDonaldTrump Don’t you mean thank you Saudi Arabia? Or is there some other murderous regime you’d like to give credit to this time… @r […]”

You do know that Canada (that country above us that you keep attacking) supplies 40% of US oil?
I guess their thank you note got lost in the mail.

Some important context:

1. WTI Crude is still higher now than it was during the first year of his administration.

WTI Crude was ~$47.51 a barrel in June 2017. It’s now $50.42.

50.42 > 47.51

A decrease in demand for oil in combination with the plummeting of the stock market could be a sign of slowed global economic growth.

Since the United States produces so much of its own oil now, lower prices are a double-edged sword as they put a ⬇️ on domestic producers profits

You should have one of your aides read this to you!

“are you listening Fed”

This is the opposite of what they should do.
Overheating the economy by maintaining artificially low-interest rates is a TERRIBLE IDEA that can exacerbate inflation!

This why most COMPETENT administrations go out of their way NOT to politicize the Fed!

The reality will be worse when the next economic crisis hits:

The price of unleaded gasoline has been rising since the start of the Trump Administration.

Looks like it is the same for the price of oil.

Damn, President T hit a triple. Inflation has been rising for most of his administration as well.

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