Trump’s ‘I Love the Inflation’ Remark Seen as Latest Display of Contempt for Working Class
By Brad Reed-Common Dreams on Comments Off on Trump’s ‘I Love the Inflation’ Remark Seen as Latest Display of Contempt for Working Class
“There you have it: President Trump loves that you’re paying higher prices,” said Sen. Elizabeth Warren.
US President Donald Trump’s remarks Wednesday expressing “love” for new inflation figures were seen as yet another callous dismissal of the economic pain facing the nation’s working class as price hikes driven by the Iran war erase wage gains and make it harder for Americans to afford basic needs.
“You know who doesn’t love inflation, Mr. President?” asked Sen. Bernie Sanders (I-Vt.) rhetorically. “Working families struggling to afford gas, groceries, and other necessities because of your disastrous actions.”
Asked about the new inflation numbers in the Oval Office on Wednesday, Trump said, “I love it, the numbers were great.”
“I love the inflation,” the billionaire president continued, celebrating figures showing that the Consumer Price Index hit a new three-year high last month.
Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?
Much of May’s inflation was driven by increases in the cost of fuel, which is a direct result of Trump starting an illegal war of choice with Iran in February.
An analysis published by Ben Zipperer, senior economist at the Economic Policy Institute, found that the price increases caused by the Iran war have been so large that they’ve wiped out any prior gains in real wages during Trump’s second term.
Zipperer also warned that “as long as the war continues, there is a heightened threat that price increases will spill over to the broader economy, triggering a more permanent increase in the cost of living and further reductions in real earnings.”
Fresh data released Thursday by the BLS signals that inflation isn’t slowing down anytime soon. According to the BLS’ latest Producer Price Index (PPI) report, wholesale prices in May posted a yearly increase of 6.5%, the fastest rate since November 2022.
Because PPI measures input costs paid by businesses, it is usually predictive of future retail increases as companies pass the cost increases off to consumers.
Rep. Don Beyer (D-Va.) was among the lawmakers highlighting and condemning the president’s remarks.
“Trump just said ‘I love the inflation,’” Beyer wrote. “I guess he doesn’t care if you’re being squeezed by higher costs as long as he and his cronies get richer.”
Sen. Elizabeth Warren (D-Mass.) wrote on social media, “So there you have it: President Trump loves that you’re paying higher prices.”
Andrew Mamo, a Democratic campaign adviser, said in an interview with The Hill that “every day the president says he loves something Americans clearly hate is a good day for Democrats.”
In interviews with The New York Post published on Wednesday, multiple Republican strategists expressed concern not only about the rise in inflation, but Trump’s apparently blasé attitude about the impact it’s having on Americans’ pocketbooks. The president’s latest remarks came weeks after he confessed, on camera, that he doesn’t “think about Americans’ financial situation” as he wages war on Iran.
One former Trump campaign adviser told the Post that comments about “loving” inflation “are simply not productive unless he’s looking forward to the impeachments from the Democrats in 2027.”
Another GOP strategist told the Post that the clip of Trump saying he loved inflation would be “the centerpiece of a lot of effective ads” targeting Republicans this fall.
GOP strategist John Feehery went on the record to tell the Post that Trump needed to wrap up his war with Iran by early next month or “independents are going to swing hard against the Republicans in the election.”
