‘Mark Cuban is Correct’: Republicans Struggle with the Harsh Reality of Donald Trump

Unsurprisingly, economic inflation seems to have its origins linked to the Trump administration, after all.

In spite of Trump’s repeated assertions that the rising inflation can be attributed to the Biden-Harris team, entrepreneur Mark Cuban took to social media to clarify that this narrative is misleading. Cuban argues in a recent discussion that inflation actually began during Trump’s tenure, primarily due to his oil policies.

Mark Cuban is right, inflation started under Trump. pic.twitter.com/Y2WqRaYttw

— Aes?? (@AesPolitics1) October 31, 2024

Do you recall the exceptionally low gas prices at the onset of the COVID-19 crisis? As a result of a nationwide decrease in demand, gas prices plummeted below a dollar per gallon, severely impacting oil companies. Cuban noted that during this time, oil companies urged Trump to speak with Vladimir Putin and Mohammed bin Salman, the leaders of Russia and Saudi Arabia, respectively, to curb their production levels. That very moment marked the beginning of escalating inflation rates.

Mark Cuban explains how Trump started the high inflation: In April 2020, in the early days of Covid, the gas prices were $1.87. Oil companies went to Trump and said: we’re getting crushed. You have to talk to your friends MBS and Putin and ask them to reduce production. And he… pic.twitter.com/PoDrVqyDJn

— Republicans against Trump (@RpsAgainstTrump) October 31, 2024

However, don’t just take Cuban’s viewpoint—Trump himself has inadvertently admitted it.

The day inflation started (h/t @Matthewcanwrite) https://t.co/a7kzByD8SX pic.twitter.com/kt6w5lkboc

— Mark Cuban (@mcuban) October 31, 2024

Users on Twitter are relishing the spectacle as Trump faces scrutiny.

I love that Mark Cuban is on Trump’s neck because he’s coming with the financial facts. Y’all want to talk about how great the economy was under Trump, when that was Obama’s economy and he ruined it.

— MS.JAZZY (@MsJazzybelle) October 31, 2024

In this ongoing debate, Republicans find themselves at a disadvantage. After skyrocketing to $5.12 per gallon in 2022, gas prices have begun to decline. The explanation? The inflation initiated during Trump’s administration is finally stabilizing. Patrick De Haan, the head of petroleum analysis at GasBuddy, stated in a telephone interview with CNN that gas prices could dip below $3 per gallon under the Biden-Harris leadership. As fuel prices continue to drop, Republican attempts to leverage economic inflation against their Democratic rivals are likely to wane.

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