Trump loves the inflation
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What unusual comments has President Trump made about the economy?
The U.S. and Iran say they've agreed on terms to end the war and reopen the Strait of Hormuz. You already see oil prices from a high of $126 a barrel down to about $80 a barrel today. That's a lot of progress. The war, of course, drove up the price of gas and other essentials and has led to some ugly polling for President Trump. 61% of adults polled by NPR, PBS and Marist disapprove of his handling of the economy. His handling, in a certain light, makes sense. His priority was preventing Iran from getting nukes. But Trump's messaging was unusual, unusual for a president. Last month, a reporter asked Trump, to what extent was he thinking about Americans' finances when he negotiated with Iran? I don't think about Americans' financial situation.
I don't think about anybody. What's he doing? Coming up on Today Explained from Vox.
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That's FetchPet.com slash save. For a long time, modern life meant remotes. A lot of remotes. Remotes for TVs and sound systems and DVD players and everything else in our lives. And then came the Harmony. The one remote to rule them all with promises to control your living room and maybe eventually everything else. This week on Version History, our chat show about old technology, we tell the whole story of Harmony and why it never really managed to control everything. That's Version History, wherever you get podcasts. I'm Shelby Talcott. I am the White House correspondent for Semaphore. President Trump has been talking about the economy a lot lately, and some of what he said has gotten a lot of attention.
What are the most attention-grabbing things? He has repeatedly... pretty bluntly said that he effectively doesn't care about it, right? He has made comments indicating that this is all short term. He doesn't care about inflation. And so those comments, which he again has said more than once, I'm not focused on Americans' economic situation when I'm negotiating with Iran. I think about one thing. You cannot let Iran have a nuclear weapon. That's all. I don't care about this inflation number. Oh, I love it. The numbers were great. Those comments have really stood out to people over the past few months. My favorite was, I love inflation. You know what I really love? I love the inflation. I love the inflation.
And then he had an opportunity to walk it back. That's right. That's a perfect statement. I'd make it again. What do we make of that, that he's telling us it is not a mistake? I think it indicates a few things.
How does Trump's focus on Iran influence his economic messaging?
So first of all, I think, you know, when I'm talking to administration officials and people who have known the president for years, one of the things that continuously comes back around is this is all really said in the broader context of this Iran war. When people hear me say it, everybody agrees. Short term pain. It's going to be short term pain. It's coming down. I know you can't. It's going to come down like a rock. And that is something that the president cares deeply about and genuinely believes that he needs to continue moving forward with this, right? He has talked a lot over the past few years about Iran not being able to obtain a nuclear weapon. One thing is certain. I will never allow the world's number one sponsor of terror, which they are by far, to have a nuclear weapon.
Can't let that happen. And so he's coming at this economic argument from the perspective of I have to defend the decisions I've made globally. But a big part of it is also about the legacy of Donald Trump. That's something that I think this term in particular he has been acutely focused on.
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Chapters
7 chapters
1
What unusual comments has President Trump made about the economy?
0:01–3:25
2
How does Trump's focus on Iran influence his economic messaging?
3:25–7:17
3
What is the significance of Trump's 'I love inflation' statement?
7:17–11:53
4
How do Americans perceive the current state of the economy?
11:53–16:08
5
What is the concept of the 'PERMA session' in economic discussions?
16:08–20:26
6
Why do economic indicators not align with consumer sentiment?
20:26–24:46
7
How has political messaging impacted public perception of the economy?
24:46–27:27