Fox News Horrified as Trump Crashes Economy - Pondering Politics

[TexasTowelie]

The following summary is AI-generated, then edited.

- Stock market decline & oil price surge: Following U.S. strikes on Iran, oil prices exceeded $100 per barrel for the first time in years, and the Dow dropped ~1%, with broad market losses across the S&P 500 and NASDAQ.

- Strait of Hormuz disruption: Tanker traffic through the strait — which carries roughly a fifth of global oil and LNG supplies — ground to a halt, triggering what the Wall Street Journal described as the most severe energy crisis since the 1970s.

- Fox News visibly alarmed: Hosts like Stuart Varney and Dana Perino, typically supportive of Trump, were caught struggling to put a positive spin on the market reaction, which the Jessiah highlights as significant.

- Trump's response: Trump posted on Truth Social calling higher short-term oil prices "a very small price to pay" for neutralizing Iran's nuclear threat, and labeled critics "fools."

- Contradiction on Iran's nuclear program: Jessiah points out that Trump previously claimed Iran's nuclear sites were "totally obliterated" after Operation Midnight Hammer, yet is now justifying a new war over the same threat.

- Political framing: Jessiah argues Democrats should hold Trump and Republicans accountable for the economic fallout at the ballot box in November.

[struggle4progress]

1. Shocked! shocked!