Ordinarily, when Donald Trump talks about high gas prices, the president tells the public that the struggling war with Iran is worth the higher consumer costs, which he expects to fall once the conflict eventually comes to an end.
But every once in a while, the Republican tries a different tack. Instead of arguing that higher prices are an unfortunate but necessary byproduct of his avoidable war in the Middle East, Trump occasionally tries to convince Americans that higher gas prices are a good thing.
Just two weeks after launching the war, the president used his social media platform to argue, “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.”
That line proved wildly unpersuasive and was quickly dropped from the White House’s talking points — which made it all the more surprising to see Trump recycle it seven months later during a Wednesday afternoon rally in Arizona.
Trump: "Our country is making more money than it has ever made because of the fact that oil is so high"
“Our country is making more money than it’s ever made because of the fact that oil is so high,” he said. “Because of the price of oil, Texas and Oklahoma and North Dakota and all these places, we’re making a fortune.”
In other words, with 20 days remaining before the midterm elections, and with the early-voting window opening in states across the country, the Republican wants Americans consumers to be glad they’re paying more at the pump.
As a substantive matter, the problem with Trump’s claim that “we’re making a fortune” is that the word “we” is doing a lot of work in that sentence. It’s true that the United States is producing a lot of oil, and it’s also true that higher prices help generate oil industry profits. But since the number of Americans who benefit from oil industry profits is very small, few will likely celebrate the ongoing hit to their wallets.
But as a political matter, what strategic genius came up with this idea? How many voters can reasonably expect to see it as a positive that the average price of gas is $4.33 a gallon, up from $3.06 a year ago at this time?
The series continues as we report on developments following April’s historic election and on the steps taken since then by the Tisza government. This week, we cover the following topics:
Another blow for Hungary’s richest man;
New chief prosecutor nominee, plus a former chief prosecutor ready to testify on political pressure;
Parliament has adopted the new child-protection law;
A state secretary has unexpectedly left the government;
Orbán to keep quiet on one of Hungary’s most important national holidays;
Ukraine adopts the minority education law;
More EU funds and money from the Norway Grants have become available.
Another blow for Lőrinc Mészáros
Last Friday (9 October), prime minister Péter Magyar and Dávid Vitézy, minister for transport and investments, announced that the state was suspending implementation of one of Hungary’s largest rail projects – the Budapest southern circular railway, and will launch a new public procurement procedure.
The works had been carried out by V-Híd, the most profitable company of Lőrinc Mészáros, who became Hungary’s richest man during Viktor Orbán’s premiership.
However, the European Court of Auditors uncovered serious public-procurement irregularities: V-Híd may have colluded with the company that drafted the project plans and thus already possessed information at the time of the tender that its competitors did not have. Because of this, the European Court of Auditors would withdraw EU funding from the project.
The Hungarian government does not want to forfeit the EU money and make Hungarian taxpayers foot the bill for the costs of the project, which is why it is terminating the contract with Mészáros’s company and launching a new tender.
The Hungarian state had already taken away from Mészáros the right to operate a motorway section, and later also terminated the 35-year motorway concession.
Previously, one of his food-industry companies had EU funding already granted to it withdrawn, while his energy company was excluded from a call for proposals financed from the repatriated RRF funds.
New chief prosecutor nominee, plus former chief prosecutor ready to testify
On Monday (12 October), president András Baka nominated a former chief prosecutor, Péter Fejes, for the post of chief prosecutor. His first nominee, Zoltán Szathmáry, was not voted through by the Tisza group in parliament after it emerged that his brother was implicated in the so-called gold convoy case, in which a Ukrainian cash shipment was stopped and confiscated by the Hungarian authorities.
Fejes was dismissed in 2012 from his position as chief prosecutor of Vas county by Péter Polt, the chief prosecutor serving the Orbán system, citing loss of confidence. Since then he has continued to work within the prosecution service and as a university lecturer, and he has no party affiliation. For the time being neither prime minister Magyar nor the Tisza group has stated whether they support Fejes’s nomination.
Since the change of government, another former chief prosecutor, Pál Fürcht, has frequently spoken to the media. Among other things, he has claimed that the gold convoy case was created for political purposes, and that the authorities raided the Ukrainian cash couriers on Orbán’s orders.
On Sunday (11 October), Magyar sharply criticised Fürcht in a Facebook post, reproaching him for having been a servant of the system himself. According to Magyar, Fürcht constructed a criminal case, on political orders, out of the notorious nightclub altercation for which the prime minister is currently under investigation on charges of theft.
It was likewise Fürcht who left former propaganda minister Antal Rogán out of the corruption case known as the Völner–Schadl affair.
In response to Magyar’s criticism, Fürcht said he was ready to make an official statement before any authority. In parliament on Monday, the prime minister was already referring to the former chief prosecutor as a future witness.
Parliament has adopted the new child-protection law
Child protection was one of the most important topics of the campaign and played a major role in Orbán’s downfall. Magyar kept the issue on the agenda even after his government took office; most recently, last Thursday, the prime minister and the state secretary responsible for the field, Szilvia Gyurkó, presented the report on the children’s home in Bicske.
This home had been run by a director who was decorated by Orbán and later convicted of paedophile crimes, together with his deputy, who helped cover up the abuses. The presidential pardon granted to the deputy shook the Orbán government and helped lead to its collapse.
On Tuesday (13 October), parliament adopted an amendment to the child-protection law, which takes a tougher stance against media content accessible to minors that propagates sexual violence, manipulation and exploitation, and would speed up the placement of babies abandoned in hospital.
The amendment removed those homophobic passages that the Orbán government forced into law in 2021, and which the Court of Justice of the European Union also ruled to be contrary to EU law.
Fidesz, the Christian Democratic People’s Party (KDNP) and the far-right Mi Hazánk did not vote for the amendment; Magyar called this a disgrace.
A state secretary unexpectedly leaves the government
On Tuesday, András Tótth, state secretary for energy at the Ministry of Economic Affairs and Energy and minister István Kapitány’s most important aide, unexpectedly resigned.
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As a tactical matter, it makes a degree of political sense to see Donald Trump touting individual projects in specific states ahead of the midterm elections. Indeed, the Republican is hardly the first incumbent president to try to boost an ally by delivering some good news to local voters.
The trouble with Trump’s version of this strategy is that it’s inherently dishonest.
Two weeks ago, for example, the president welcomed Republican Sen. Dan Sullivan of Alaska to the White House, where the two celebrated a $54 billion South Korean investment in a liquid natural gas pipeline project in the senator’s home state. It wasn’t long, however, before South Korea’s government made clear that the deal wasn’t complete, and Korean Industry Minister Kim Jung-kwan told reporters that he had “lodged a strong protest” with the administration over Trump’s announcement, which “went far beyond what was agreed.”
The same week, the Republican president hosted a separate event in the Oval Office and announced that the “largest steel plant in American history” would be built in Iowa, where party is facing several competitive races. “This deal is done,” Commerce Secretary Howard Lutnick said, standing at Trump’s side.
As of Tuesday, the company behind the project, Mesabi Metallics, and its Indian parent company, the Essar Group, did not own property in Lee County, Iowa — where the plant is supposed to be built — or in the state of Iowa, according to The Washington Sun’s review of property records. […]
The timing of the announcement has raised eyebrows among both Democratic and Republican state lawmakers, who were told months ago that Iowa was in competition with several other states, including Arkansas, for the steel mill. Some said they feared the midterms played an outsized role in the announcement, and the president was getting ahead of actual plans — possibly to the detriment of Iowans.
This week, it happened yet again. On Wednesday afternoon, Trump used his social media platform to announce “the largest Offtake Agreement in History,” which he said would include Taiwan investing tens of billions of dollars’ worth of liquefied natural gas from a proposed Alaska energy pipeline.
“This is the GREATEST Project in Alaska History, and this only happens with me in the White House,” the president added.
As Politico reported, what Trump neglected to mention was that funding for the project is still in dispute, and it’s possible that it will never actually happen.
To the extent that voters are basing their election decisions on the president’s recent announcements, they might want to read the fine print on his wildly misleading boasts.
In recent years, as inflation has risen to the top of Americans’ list of concerns, every new report on the consumer price index has generated attention, but the latest CPI data was of particular interest this week for electoral reasons: This was the final report ahead of the midterm elections.
If it showed good news, Republicans would have a new talking point at a critical moment, offering the GOP an opportunity to argue that conditions are starting to improve. If it showed bad news, Democrats would point to fresh evidence of Republicans failing with less than three weeks to go before Election Day.
Unfortunately for American consumers — and the incumbent majority party — the latter prevailed.
Donald Trump’s rhetoric on the economy was a mess before the figures were released — just five days before the data reached the public, the president falsely claimed that consumer prices were “coming down very fast” — and it was hard not to wonder how the Republican would respond to the news that discredited everything he’s been saying for months about the affordability crisis.
As it turns out, his pitch included four main elements:
1. Denial: At a Wednesday-night rally in Montana, the president assured supporters, “We have very little inflation.” That not only positioned Trump against reality, it also put him at odds with the deep frustrations of the American mainstream.
2. Presenting made-up data: At the same Montana event, the president claimed that the inflation rate reached 1.7% in recent months — I have no idea how he arrived at this false number — adding that this was an improvement from 19%. Never in recorded U.S. history has the CPI ever reached 19%.
3. Rewriting recent history: Once again trying to blame Joe Biden for his failures, Trump claimed, “We inherited the worst inflation in history.” That’s not even close to being true, in part because the worst inflation in history happened 46 years ago, and in part because the inflation rate was down to 3% when Trump’s second term began — which was lower than it is now.
4. Literally unbelievable happy talk: “Your prices have come way down,” Trump added, hours after his own administration released data showing that consumer prices had gone up.
In other words, confronted with evidence of his own failure on the nation’s most pressing issue, the president apparently couldn’t think of anything coherent to say at all.
The latest Fox News poll, which was released hours after the CPI data, found that only 22% of Americans approve of Trump’s handling of inflation. Given his latest nonsense, there’s no reason to assume that figure won’t sink lower.
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