{"id":2713,"date":"2026-06-24T08:36:03","date_gmt":"2026-06-24T08:36:03","guid":{"rendered":"https:\/\/propertyrelocationusa.com\/?p=2713"},"modified":"2026-06-24T08:36:03","modified_gmt":"2026-06-24T08:36:03","slug":"trump-may-need-a-life-jacket-to-save-himself-from-cost-of-broken-promises-economist","status":"publish","type":"post","link":"https:\/\/propertyrelocationusa.com\/?p=2713","title":{"rendered":"Trump may need a life jacket to save himself from ‘cost of broken promises’: economist"},"content":{"rendered":"
\n

President Donald Trump may need to procure a life jacket to save himself from the cost of his broken promises to his supporters, according to a Nobel Prize-winning economist.<\/p>\n

Read more Physical therapist claims bizarre handshake may be a sign Trump had a stroke<\/a><\/p>\n

Paul Krugman, who won the Nobel Prize in 2008 for his work on trade theory, argued in a new Substack essay that Trump appears desperate to end the war with Iran because of its impact on the American economy, particularly gas prices. Krugman noted that Trump may be in for rough waters even if the war ends amicably as Trump tries to rehabilitate his relationship with his supporters.<\/p>\n

“Can Trump rehabilitate his standing with American voters by throwing in the towel? Probably not, for both economic and political reasons,” Krugman wrote. <\/p>\n

Krugman noted that gas prices are likely to stay elevated long after the war ends because of an economic rule called “rockets and feathers.” He described the phenomenon as “how the price of gasoline responds to changes in the price of crude oil.” <\/p>\n

“When there is a global shock that causes the price of crude oil to soar, gasoline prices rise like a rocket. But when the crisis is over and crude prices plunge, the price of gas declines only gradually \u00ad\u2014 it drifts down like feathers,” Krugman explained. <\/p>\n

Since the war began, oil prices have largely followed that trajectory, Krugman noted. He predicted gas prices would likely remain elevated, thereby “thwarting Trumpist hopes of quick political relief from capitulating to Iran.” <\/p>\n

Read more MAGA senator\u2019s wild threat to put Obama in jail sparks outrage: \u2018Another imaginary enemy\u2019<\/a><\/p>\n

But the war’s impact may be felt most acutely by the souring sentiment of Trump’s supporters. Several Republicans have publicly criticized the deal the Trump administration struck with Iran, and some have urged the president to do more to address the rising cost of living for Republican voters. <\/p>\n

Krugman noted that “once a leader has lost the public\u2019s economic trust, that trust doesn\u2019t come back just because gasoline prices have receded.”<\/p>\n

“I would add that it may be especially hard for the Trumpists to make the case that things have turned around when they were never willing to admit that anything was wrong in the first place, insisting even as prices soared that we were living in a ‘golden age,'” he wrote. <\/p>\n

“So will Trump\u2019s surrender to Iran rescue him and his party from a blue wave in November? It\u2019s very unlikely. I suggest they find themselves some lifejackets,” he added. <\/p>\n

Read more Internet ridicules Trump\u2019s MAGA rally after it announces new act: \u2018It\u2019s a July 4 miracle\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump may need to procure a life jacket to save himself from the cost of his broken promises to his supporters, according to a Nobel Prize-winning economist.Paul Krugman, who won the Nobel Prize in 2008 for his work on trade theory, argued in a new Substack essay that Trump appears …<\/p>\n","protected":false},"author":1,"featured_media":2712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTrump may need a life jacket to save himself from 'cost of broken promises': economist - Property Relocation USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyrelocationusa.com\/?p=2713\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump may need a life jacket to save himself from 'cost of broken promises': economist - 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