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After two weeks of war with Iran, gas prices in America have now reached a national average of $3.65 per gallon. That is 71 cents higher than they were before Donald Trump started this war, and 90 cents higher than the average was in mid-January. And prices continue to climb -- oil is now trading worldwide at over $100 per barrel.
Donald Trump and his fellow Republicans seem to be finally realizing that they might just be in some trouble, heading into the midterm elections. Their policies are unpopular, most Americans think things have gotten worse over the past year, and they don't have any new ideas (unless you count launching a war with Iran for no apparent reason). So the party has seemingly decided to attempt dressing up the ugliness of their agenda by slapping some lipstick on a pig.
It has been interesting (to me, at least) to hear how both the media and politicians are speaking about the price of gas these days. The mainstream media seems to be somewhat downplaying the continuing rise in the price at the pump, but (to be fair) this could be because of the editorial process taking so much time that by the time the story runs, the price has risen even further. Politicians, of course, have their own biases -- Republicans want to downplay the rise as much as they can get away with, while Democrats want to make it sound as alarmist as possible. But even Democrats aren't really using the right scale.
Worldwide oil prices went on a wild ride today. On Friday, the last day the oil markets were open, the price of a barrel of oil rose above $90. Today, the price spiked all the way up to $120 per barrel, before coming back down again. The reversal began when the Group of 7 nations indicated they were considering various interventions to stabilize the market and bring the price back down. They didn't actually make any of these moves, they just publicly discussed their options. That was enough to make the price retreat to around $100 a barrel, though. Then Donald Trump made an offhand comment to a reporter about the war effort in Iran, saying: "I think the war is very complete, pretty much," and that the U.S. is "very far" ahead of his initial timeline of the war lasting four to five weeks. The prospect of the war ending soon sent oil prices even lower, and they closed the day just under $90 a barrel, right back where they had started.
America is at war again. This time, just like the last time (Venezuela), the war has seemingly been launched completely on a whim from the Oval Office. Little or no effort was made by Donald Trump (or anyone in his administration) to explain to the American public the reasons for launching a war right now, the objectives of this war, or any expectations whatsoever about how it will be fought, how long it will be fought, and what is supposed to come afterwards. Perhaps Trump has just completely given up on his fervent wish for a Nobel Peace Prize? It's hard to figure -- just like pretty much everything about this war.
It was a big week in American politics, with Donald Trump giving his first official State Of The Union speech of his second term to Congress, but we felt even this was overshadowed by Trump seemingly slouching towards a new war with Iran. America going to war used to be a very big deal to the public, but on Trump's watch it seems to be just another item within the firehose of distractions he continually creates.
That sounds cynical, but it's not even the most cynical take on things. Hardcore cynics point out that Trump seems to launch his military attacks whenever the Epstein files begin to get some traction in the news again. We're not sure if we totally buy into that thinking, but it is worth considering, seeing how Trump does almost everything for the stupidest of reasons.
I was inspired to write that headline as I was reading a review of Donald Trump's State Of The Union speech in the New York Times. A group of their political commentators were asked about various aspects of the speech, and under the subject heading of: "What Else Mattered," Binyamin Appelbaum responded:
When Roman emperors ran out of ideas, they promised bread and circuses. Trump's speech was full of circuses, including a lengthy celebration of the U.S. men's Olympic hockey team. But he's no Roman emperor: He made a point of reminding the American people that his administration is providing a lot less food to the poor (having "lifted" 2.4 million people off food stamps).
[Just to give credit where it is due....]
Perhaps it was because the week ends on Friday the 13th, but whatever the real reason was, Donald Trump didn't have a great week this week. Which, of course, is good news for everyone else! There was actually a lot of good news in the political world this week -- so much that we're not even going to bother with the other news that wasn't so good.
Sometimes, when candidates or groups spend money campaigning for an election, the strategy works and the desired outcome is achieved. Other times, however -- especially when money is spent to "game" an outcome in sneaky ways -- the effort can backfire spectacularly. The latter just occurred in New Jersey, in a special election to fill a U.S. House seat.
Today marks the end of an era. The geopolitical legacy of the 1980s has now disappeared. Today the last remaining nuclear arms treaty between Russia and the United States expires, with nothing left in its place. Some are predicting that this could set off another nuclear arms race that could see all the nuclear powers beefing up their nuclear arsenal, while other countries decide it is time for them to join the nuclear club.