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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's next economic threat: Surging gas prices
A huge jump in driving costs in recent months is likely to fuel a wave of economic anger across the nation just in time for the midterm elections.
By BEN WHITE 05/25/2018 05:07 AM EDT
President Donald Trump is hoping a wave of tax-cut-fueled economic euphoria will boost his approval ratings and his partys political fortunes this fall. A sharp spike in gas prices could slam the brakes on all of that.
As Americans head out for traditional Memorial Day weekend road trips, theyll confront gas prices of nearly $3 a gallon, the highest since 2014 and a 25 percent spike since last year.
The increased cost of fuel is already wiping out a big chunk of the benefit Americans received from the GOP tax cuts. And things could get worse as summer approaches following the administrations standoff with Iran and a move by oil-producing nations to tighten supplies.
The result: The economic and political benefits Trump and the GOP hoped to reap from cutting tax rates could be swamped by higher pump prices that Americans face every time they hit the road.
more
https://www.politico.com/story/2018/05/25/trumps-gas-prices-midterms-570916
beachbum bob
(10,437 posts)not there on chaotic handling of our country and foreign lack of policy.
global1
(25,285 posts)This is an issue that can really sink Trump and the Repugs - both now and in Nov. Put Trump on the defensive on this issue. Dems all around the country should get before their local news media and balk at the raise in prices. Blame Trump and the Repugs. Put calls into their House Reps and Senators and make this a big issue. It is coming to a head this holiday weekend and the MSM will be all over it because of the anticipated travel over the weekend. So the timing is ripe. Compare gas prices now to when Obama was President and that will really get Trumps goat.
Bottom line it is a win-win for us because if Trump does anything to alleviate the gas prices we all benefit. In the meantime he is put on the defensive of an issue that hurts every American that drives.
DemocratSinceBirth
(99,716 posts)Rhiannon12866
(206,300 posts)In the past couple of weeks, they've surpassed $3 in my neck-of-the-woods. But we know that most people are not paying attention - they need to learn why!
dembotoz
(16,864 posts)It makes the point