Treasury Secretary Scott Bessent appears on Sunday Morning Futures now hosted by Larry Kudlow who has replaced Maria Bartiromo. The primary topic of the conversation is the current state of the economy.
Secretary Bessent notes we have entered the phase of prior policy implementation where the economy now accelerates growth based on former policy changes including, targeted tax reductions, capital investment prioritization and expensing, regulatory changes and direct investment. GDP growth now looks to achieve 5% or more. WATCH:
Oil prices are the underlying friction within the economy creating higher gasoline and diesel prices. However, when you take the energy sector out of the inflation calculation, the current rate of wage growth is exceeding inflation.
Bessent also notes, currently the only oil not coming through the Strait of Hormuz is Iranian oil. Other than those supplies, oil flows through the Strait are at normal levels.
“Bessent also notes, currently the only oil not coming through the Strait of Hormuz is Iranian oil. Other than those supplies, oil flows through the Strait are at normal levels.”
We were not getting Iranian oil.
God willing oil and gas prices will drop soon.
This would be counter to the interests of democrats who actively want the country to fail so they can gain and remain in power.
We all saw what they wanted with Biden in power. “Oil is dirty” said Biden, prompted by ideologues no doubt.
Democrats don’t want more oil usage. They create high oil prices when they can, and gripe about Trump going after Iran because it resulted in high oil prices. These prices are what they were under Obama and democrats did not gripe.
Democrats want the country to fail so they can gain and remain in power, they are communists.
Blessed Sabbath, Greg…
I’m going to periodically keep dropping this until the midterms to remind single issue voters that gas and diesel prices will not stay this high forever. They never do.
Yes, the Democrats are using it as a weapon. It’s what they do…take advantage of the pain of voters to reclaim power.
Praying per Secretary Bessent’s comments that the Democrats Marxists/Communists will be left with a busted flush.
For those with short memories….
And shut down refineries on the West Coast.
California gas prices are….in each county….
https://gasprices.aaa.com/?state=CA
Coming soon to the whole of America if, Heaven forfend, Democrats manage to secure power. Guaranteed.
California gasoline refineries also provide Arizona, Nevada and Utah with gasoline.
Cali-a slowly, boiling pot full of dumb frogs.
Market prices for unleaded gas were the highest under Biden in 2021 , by approx 30 cents/ gallon. That spike was deliberate as part of the “anti-carbon” pro EV Democrat rage.
Don’t forget who stopped fracking and the keystone pipeline.
If I hadn’t already canceled Fox News, I would have cancelled it when they fired Maria Bartiromo.
I stop watching Fox when the back stabbing Paul Ryan joined their board in early 2019.
August:
September:
Gavin Newsom is pleased.
Need any cheese to go with your whine?
“However, when you take the energy sector out of the inflation calculation, the current rate of wage growth is exceeding inflation.”
If you take actual completion time out of the equation I’m a great mile runner.
I recognize that Trump is taking steps to ensure a century of America security and prosperity. But in a non-pretending world, you can’t ignore the cost of gas and the toll it is taking on people. Or the fact that it will negatively affect midterms vs the effect of $2 gas.
Gasoline of $2.15/gal in November 2020 didn’t help President Trump get reelected. The higher price of gas now won’t mean Democrats will retake the Congress either.
You think gas prices will have no effect on voting behavior?
Did the $2 gas in November 2020 have any effect on voting behavior?
yes it did. His vote count actually increased. 2020 cannot be used as a counterexample because of widespread cheating. no MAGA person believes Biden got the vote count he did legitimately
More thumbs up than im allowed to give
The work done, the things in place and the overall threats in regards to the cheat/cheaters will have more of an effect than gas prices
Nothing stopped the ballot harvesting that had little to do with true votes!!! Dems cheated massively in 2020. That is how the cabbage was “elected.”
Midterms historically go to the party not in power. Bread and butter issues will win the day and voters have short term memory loss. They will vote for “change”. $5 gallon gas and beef prices are the change the average American wants.
MAGA
The biggest complaints over the last year is still the biggest problem now which is grocery prices , gas prices being way up doesn’t help but food prices is the biggest problem.
Unfortunately, you can’t take energy out of the equation. Low Energy prices were the fuel to the first terms growth. Need to solve this, soon.
I do not expect the Democrat socialists to do ANYTHING that is good for America; I will not make it easier for them to win by refusing to vote; lesser of 2 evils???? Not a risk I’m willing to take