economy

April 30, 2026

Even before the Iran oil shock, US economy was under stress

In the absence of a direct military threat against the United States, nothing should concentrate a president’s mind as much as the economy, especially when signs are pointing to possible “stagflation” if things continue as they are. Previous presidents understood this. We can’t be sure about today’s provocateur in chief.

Even before the Iran oil shock, US economy was under stress

TL;DR

  • The economy should be a president's main focus in the absence of direct military threats, particularly with signs of potential stagflation.
  • Gerald Ford prioritized fighting inflation during his presidency, launching the "Whip Inflation Now" campaign.
  • The article questions whether the current president and his advisors understand the economic harm caused by confrontation with Iran.
  • The economy was showing signs of stress even before the Iran oil shock, with the federal government's annual deficit reaching $1.6 trillion in the last 12 months.

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