No, Mr. President, Oil Prices Are Not ‘Already Coming Back Down’
In the past few months, I’ve been particularly critical of President Trump’s comments on the economy, reiterating that you can’t spin people’s perceptions of their own finances. People know how much they’re making, how much they’re paying for groceries and other expenses, how much they have left over at the end of the month, and if they have a 401(k), how it’s doing.
One of Trump’s recurring bad habits was characterizing gas prices as being lower than they actually were. From Trump’s inauguration to the start of the war against Iran, gasoline prices remained fairly flat, steady around three dollars per gallon in the national average. That’s not particularly expensive, and many consumers would characterize those prices as pretty good. The problem is that during this time, President Trump repeatedly insisted that gas prices would soon be close to two dollars a gallon, or at two........
