this post was submitted on 19 Feb 2025
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[–] Xanza@lemm.ee 17 points 2 months ago* (last edited 2 months ago) (13 children)

Reminds me of the ‘gulf of America.’ No, it’s not an egomaniac move. Changing the water nationality changes the tax rate on oil aka gas prices. Trump has historically maintained favor with gas prices.

You completely lost me.

  1. Trump cannot rename the Gulf of Mexico. It's not land that the US owns. It's international waters.
  2. The "nationality" didn't change. So your little tirade about taxes is not only supreme bullshit, but it's not even in the same universe as correct.
  3. Trump has historically had higher gas prices than almost any other President.

The proof is in the pudding;

President Years in Office Avg. Gasoline Price (USD/gallon) Median Household Income (Approx.) Ratio (Income/Gas Price)
Joe Biden 2021–Present ~$3.50–$5.00 ~$70,000 ~14,000–20,000
Donald Trump 2017–2021 ~$2.30–$2.90 ~$65,000 ~22,400–28,300
Barack Obama 2009–2017 ~$2.00–$3.80 ~$55,000 ~14,500–27,500
George W. Bush 2001–2009 ~$1.50–$4.00 ~$50,000 ~12,500–33,300
Bill Clinton 1993–2001 ~$1.00–$1.50 ~$40,000 ~26,700–40,000
George H. W. Bush 1989–1993 ~$1.00–$1.20 ~$35,000 ~29,200–35,000
Ronald Reagan 1981–1989 ~$1.20–$1.40 ~$25,000 ~17,900–20,800
Jimmy Carter 1977–1981 ~$0.65–$1.25 ~$20,000 ~16,000–30,800
Gerald Ford 1974–1977 ~$0.55–$0.60 ~$15,000 ~25,000–27,300
Richard Nixon 1969–1974 ~$0.35–$0.55 ~$10,000 ~18,200–28,600

The price of gasoline means absolute dick at the end of the day. The ratio of median household income to the price of gasoline is what's important. The closer to 0 = more expensive. These numbers are skewed by 1 year and stop in 2024, unfortunately. So that means that COVID is showing during 2021 of Biden's Presidency. But if you take Biden out to account for COVID you'll see that the only other President, during which the price of fuel was extremely expensive, was Bush 2 and that's because we went to War in Iraq which is reflected in Obama's term....

There's absolutely zero validity to your statement whatsoever.

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