Chapter 1: What is the main topic discussed in this episode?
Gas prices up 61% since mid January.
Chapter 2: How have gas prices changed under Trump's administration?
That is not theory that is real as Donald Trump chickens out kind of fortunately on completely destroying Iran. But these prices are a real problem for the administration. In the meantime, talk of removing Trump from office using the 25th amendment has hit governors It has hit senators, members of the House organizations, but it's not going to happen because they simply don't have the votes.
I will explain why. And also, Trump supporters using the term war crime. about what Donald Trump threatened to do in Iran. J.D. Vance publicly embarrassed.
Chapter 3: What concerns are being raised about Trump's mental fitness?
Remember those seven thousand dollar checks? You didn't get one. Well, nobody did. And no one was ever going to get them. We're going to go through that sordid history. I am in Argentina. Don Jr. and Caroline Levitt are coming after me.
Chapter 4: What happened during JD Vance's interaction with Trump?
All of that and more on today's show. Well, Donald Trump did it again. He taco. It was Tuesday and he chickened out and he didn't bomb Iran into genocidal oblivion or whatever. Uh, and that's important. That matters. We're going to be talking about the implications.
We're going to be talking about the likely insider trading and those who benefited as a result of this because they knew in advance that something was cooking, but we're sort of used to that. What we're not used to in the United States is gas prices going up 61 percent in two and a half months. And when things like that do happen, they're usually not because of something that the president did.
Chapter 5: How are loyal Trump supporters reacting to his decisions?
In this case, they are. This is a very concrete and tangible thing for the average American. I'm in Argentina Every cab driver here talks to me about gas prices being higher here because of Donald Trump's war in Iran, by the way, very high humidity here, wreaking havoc on my hair. And I can only apologize for that. I'm doing the absolute best I can.
But I want to talk about this story that's getting increasingly uncomfortable.
Chapter 6: What unwavering support does Megyn Kelly express for Trump?
Because one of the central promises of this administration when it was a campaign was that prices would come down and they would come down quickly and people would see it and people would feel it. What was true was that people would feel changes in gas prices, energy prices and broader economic price level. That was true.
What was not part of the promise was that we would feel it because they were up. We were told we're going to feel it because it's down. But the reality is the opposite right now. Prices are up sharply.
Chapter 7: Why did Trump's promised payments fail to materialize?
Yes. Today, oil prices are down thanks to Donald Trump's two week stay on bombing Iran into the Stone Ages or whatever he said. But the big picture is that everything is up and it came up quickly and it cannot be written off as a minor or temporary fluctuation or temporary blip. Here's a report from CNN about pricing.
That's right. Wolf oil prices. The price of oil per barrel is now well over one hundred and sixteen dollars. You can see that on your screen right there. That is a 100 percent increase.
Chapter 8: What attacks are being directed at independent media by Trump Jr. and others?
From just a month ago, if you look at this line chart that hopefully we can put on screen, you can just see how the price of oil has taken off in the last month. You can see it right there on the right-hand side. That is trickling down directly to consumers, first via gas prices. As you mentioned, another two-cent increase already. Overnight, 4.12 is the national average.
That's well over a dollar up from just a month ago. But also, diesel prices have increased at a faster rate than gas prices. Diesel is 5.65 a gallon. That is just about... 20 cents shy of the record that was set in 2022. So because of those higher diesel prices, now companies, shipping companies, are having to make a decision about adding fuel surcharges.
Amazon adding a fuel surcharge temporarily of 3.5% to any third-party sellers that are using their shipping service. You also have the U.S. Postal Service for the first time adding an 8% surcharge temporary fuel surcharge for packages. And then you have the airlines who are grappling with higher jet fuel prices, doubling again in the last month.
Jet fuel accounts for about 20 to 30 percent of what airlines have to pay. And instead of passing that down directly to consumers via ticket prices, you have Delta United JetBlue increasing their baggage fees by about $10. And then you have United, for example, saying that they're going to have to cut the number of flights by 5% over the next six months.
So we know that businesses are really trying to absorb as much as they can, Wolf, with these higher energy costs. and not pass it down to consumers. But ultimately, guys, they are just burdened by these higher prices and have to figure out where to pass that buck somewhere, trying to do it delicately.
But you can see there that airlines in particular are doing it in more creative ways where hopefully the US consumer doesn't feel it as much, Wolf.
As you can see here, we had this massive, massive oil price spike, which has now backed off because of Donald Trump's latest taco. We also have gas prices, as I told you, up 61 percent since mid-January. So the question now becomes a political question. The economic question is what happens in people's homes. And we know that it's not good. It's not going well.
It's a problem for the average American. We've seen how it plays out when people's budgets get blown up. by rising prices. But what happens when this is taking place, not during a Democratic president, Republicans don't like and they can say, well, of course, Democrats, communists, whatever. This is happening during a Republican president.
When prices went up before Trump, it was treated as a failure of leadership, something voters were told to take personally to respond to when you go and you vote the way Americans will do in just under seven months now. And you can imagine if you can imagine There wasn't any nuance or hesitation or patience with the leader. It was just prices are up. Leadership failed. It's time to punish them.
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