President Donald Trump on Tuesday made a stunning admission, saying he does not think about the financial situation of Americans as the ongoing conflict with Iran drives inflation and gas prices to record highs. Speaking to reporters before departing for a state visit to China, Trump stated, 'I don't think about American financial situation — I don't think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon.'
Inflation and gas prices surge
The comments came hours after the Labor Department reported that the Consumer Price Index rose 3.8 percent year-over-year, with a 0.6 percent monthly increase. Gasoline prices alone surged 5.4 percent in the last month as the blockade of the Strait of Hormuz, through which a fifth of the world's oil passes, continues.
Trump's response to economic concerns
When pressed on whether his policies have fulfilled his campaign promise to lower prices, Trump grew irate. He claimed his administration's efforts were 'working incredibly' before the war, noting inflation had cooled to 1.7 percent. He suggested that those concerned about the economy want Iran to acquire nuclear weapons, while also pointing to high stock market levels as evidence of economic strength.
'Anybody that wants them to have a nuclear weapon is a stupid person. So we said we're going to take the greatest stock market in history and we're going to go down a little bit. And actually that turned out to be incorrect, because our stock market is now at the highest point in history, which frankly, surprised a lot of people,' Trump said.
The president's remarks highlight a disconnect between his administration's focus on national security and the economic hardships faced by everyday Americans. As the standoff with Iran shows no signs of resolution, consumers continue to bear the brunt of rising costs.
