President Donald Trump has asserted that America has entered upon a new “Golden Age.” This is a far cry from the reality we see on the ground today, where over one hundred thousand jobs have been lost in just the past two months. Gas prices are skyrocketing, and groceries are costing a record amount.
Yet another consequence of the Trump administration’s disastrous war with Iran is that we are facing unprecedented deficits and soaring gas prices. More concerning still, the military’s most vital missiles for the defense of America’s allies and military installations in the Middle East are nearly depleted.
The Washington Post recently reported that the Pentagon’s stores of precision guided missiles and large diameter rockets needed for its most sophisticated missile-defense systems are nearly depleted after more than five months of relentless strikes on Iran. This leaves the president with only limited options regarding renewed attacks on the Islamic Republic.
At the same time, however, Reuters looked at this issue from a different angle, citing security analysts for the statement that the U.S. would be unable to respond adequately to a Chinese attack on Taiwan or other regional provocations if they were to occur, given the current levels of defense readiness. This development is exceptionally concerning given the heightened tensions with China at the moment, and it is not reassuring that the U.S. has so few options available in the event of a large-scale attack on any of its allies.
If Trump decides to continue with his campaign of airstrikes against Iran, the limited number of precision-guided weapons in the Pentagon’s inventory poses a potentially dangerous dilemma for the President. Reuters added that the U.S. is already down to just eight THAAD missiles and thirteen Patriot missiles, having burned through nearly 80% of THAAD and 50% of Patriot since the beginning of hostilities with Iran.
Despite the urgent need, defense officials estimate it will take several years before America’s missile inventory will be back to where it was before the war with Iran began, even if the defense-contracting companies ramp up their production rates to maximum.
It all boils down to the President himself, who, with his unilateral declaration of war on Iran, has placed the U.S. in an exceptionally perilous position both at home and abroad. Neither the American public nor our allies wanted this, and it is clear that Trump thought through the economic impact of his decision much too little. By launching this kind of reckless campaign, he has undermined both the economic and national security of the United States.
It has been quite an eventful year – to be more precise, the economic policy of President Trump during his second term of office is turning ordinary everyday activities into a burden. Americans jokingly refer to the current situation as “Trumpflation”. However, one might wonder what is causing the increase of prices? Let us examine the causes in detail.
Tariffs and Price Surges
In 2025, President Trump introduced the tariffs of 10% on imports and 60% on imports from China, claiming that it will boost production in the USA. However, economists from the Peterson Institute did not hesitate in criticizing the move as a sales tax for citizens.
By June 2026, the level of inflation in the USA reached 6.5% which is the highest one since before COVID-19.
One of the places where this process becomes obvious is a local supermarket. America is still dependent on foreign fertilizer, chemicals, and farming equipment. As a result, any increase in the costs of importing them makes local products more expensive. A gallon of milk cost increased by almost 80% reaching $5.10. Moreover, even staple goods and food are increasing in price faster than the rate of inflation, and families making $50,000 to $150,000 a year face this problem.
Oil Shock: The Iran War and Gasoline
However, things get worse overseas. By the end of 2025, Trump began to attack Iran causing the start of what became known later as “The Iran War”. This led to the closure of Strait of Hormuz which accounts for 20% of global oil transportation. As a result, gasoline prices exploded.
As a result, in early 2026, the average price of gasoline reached $5.65 a gallon. In Arizona and in the Midwest regions, the price per gallon was $6. With the yearly mileage of 12,000 miles, one will spend additional $1,200 on gasoline. Such expenses become unbearable for families with low budgets.
Forbes reports that small businesses suffered a great deal from the situation described above – particularly those which use trucks and ships. Many business owners decided to increase their prices, but some of them simply had to fire some workers to pay for their increased costs.
The 2025 Tax Law: The Winners and Losers
Also, Trump passed the tax reform legislation known as “the Big Beautiful Bill”. It was said that such legislation would benefit ordinary Americans. However, the examination of the law shows that most of the profits will not reach Americans. Corporate tax breaks which were introduced in 2017 remained unchanged, but sales and excise taxes increased drastically. The Congressional Budget Office and Tax Policy Center calculated that the 1% of the richest Americans received 65% of the total benefits, and most of other people received no or little changes to their wallets.
Such conclusion is supported by data from the Federal Reserve. Any advantage gained from tax breaks disappeared in front of rising prices. Families with middle incomes of $100,000 decreased their disposable income by 3 to 4% between 2024 and 2026.
How Everyone Survives
People are talking about this problem constantly. According to the Gallup poll conducted in June 2026, 68% of Americans believe that the current trend of the national economy is heading downwards. Also, according to the survey conducted by Pew, more than 75% of Americans are worried about the food and gas prices; they blame the trade war for keeping inflation.
What Will Happen in Future?
The Federal Reserve announced that it will continue holding interest rates at present levels to bring prices down. However, with constant tariffs and conflict with Iran, such action seems rather fruitless. Also, based on conversations with the experts, they claim that as long as the protectionism and foreign disputes remain the focus of government policy, stagflation (a combination of slow growth and high prices) is imminent.
Such trends cannot be overlooked. It is tariffs, foreign conflicts, and tax reforms favorable to corporations which increase the cost of goods for Americans. For America’s middle class, the slogan “America First” is becoming synonymous with spending extra money on goods and gasoline.
I’ve watched the White House do the same thing over and over: grab a tariff, call it “targeted,” and insist it’ll only hurt foreign rivals. But now, they’re rolling out up to 50% tariffs on $20 billion of Canadian goods and threatening a 100% duty on generic pharmaceuticals starting in 2028. It’s familiar, sure except the risks are bigger and the fallout is faster. As someone who wants economic policy to help regular people, not steamroll them, I see this as a costly mistake. It’ll drive up prices, mess up supply chains, and chip away at the Republican Party’s standing with the voters it claims are its top priority.
A Costly Bet on a Tired Storyline
Trump’s obsession with tariffs really took off during the China fight in 2018 and 2019. He pitched those tariffs as “tough love,” meant to bring jobs home. Now it’s the same formula: slap a 50% tariff on Canadian goods like hockey equipment, lumber, alcohol plus a 100% duty on generic drug ingredients set to hit in 2028. This time, tariffs on Canada start August 19, 2026, while the drug measure waits two more years.
Officials claim the grace period gives businesses time to “brace for impact” and that consumers won’t feel the squeeze. But history is pretty clear. Back in 2018, a Peterson Institute study showed about half the cost of U.S. tariffs winds up in consumer prices. So, when that burden lands on working families, the same folks Republicans are eyeing for November it’s more than just a broken promise; it’s downright cruel.
Consumers Can’t Dodge the Fallout, Even with Exemptions
The White House points out that groceries, energy, and other basic goods aren’t on the list, arguing inflation’s about housing and gas not hockey sticks. Still, thinking tariffs on “signature” Canadian goods won’t ripple out is just wishful thinking. Canada sends $383 billion in goods to the U.S. each year, and the $20 billion targeted for tariffs is baked right into our supply chains.
Canadian softwood lumber is a textbook example, it’s crucial to construction and furniture in the States. A 50% duty squeezes supply, making homes and rent pricier something voters in states like Michigan, New York, and Pennsylvania are already upset about. Bloomberg says a lumber tariff could add costs to a new Midwestern home. That’s not just a number; it’s real money for families trying to secure a roof.
Now look at the 100% threat on generic drugs. This isn’t about everyday aspirin, it’s the bulk pharmaceutical ingredients manufacturers need. When costs jump, the price hike rolls right down to patients. Reuters reports a common generic heart medication shot up 12% in the past year, more so as the White House added new duties in 2024. For seniors and low-income Americans who rely on affordable generics, the chance of prices doubling is alarming.
The Political Math Just Doesn’t Work
Republican strategists hope tariffs will feel too abstract for voters to notice. But every poll says the opposite. Quinnipiac’s June 2026 survey showed 57% of likely mid-term voters worried about inflation, 22% specifically troubled by prescription drug costs. Gallup found 61% of Americans now see trade policy as crucial, a sharp change from 2016 when hardly anyone cared.
Even a senior White House aide quietly admitted, “Any talk about more tariffs, unless it’s about cutting them, spells trouble for Republicans.” Yet the administration keeps going, banking on a tough image to rally the base. Trouble is, that base isn’t so uniform; a lot of those folks are already stretching to handle the higher costs from Trump’s old trade battles. When the impact finally lands at the pharmacy or lumberyard, the political math flips against the GOP.
Canada Fights Back and So Does U.S. Industry
Canada isn’t just watching. Officials warn of big consequences on both sides. If the U.S. wins concessions, like getting American liquor back in Canadian stores there’s no guarantee Canadians will actually buy it. Canada’s trade ministry expects a 50% tariff could cut U.S. imports of Canadian wood, paper, and farm goods by around 30% in two years.
That means trouble for local economies built on cross-border trade. Maine’s paper mills and Michigan’s auto-parts suppliers are barely hanging on. Patrick Woodcock, Maine’s Chamber of Commerce chief, didn’t mince words: hundreds of local businesses are reconsidering operations and getting ready for shocks that threaten jobs. When tariffs disrupt material flow, the hurt spreads farther than just importers, it hits manufacturers, transport, and workers.
Tariffs Are a Blunt Tool, Not a Strategy
Trump’s heavy reliance on tariffs doesn’t get much love from economists. The IMF’s 2024 report warned that hiking tariffs by yourself, especially over and over, just drives up domestic costs without any of the promised leverage. Legally, there’s not much support either. The Supreme Court ruled 6–3 on February 20, 2026, that President Trump overstepped his authority by using the 1977 International Emergency Economic Powers Act (IEEPA) to impose sweeping global and reciprocal import tariffs. That ruling casts a shadow over every new tariff the administration tries.
The Bottom Line
I see Trump’s latest tariff threats as political moves dressed up as strategy, ignoring clear evidence. Higher prices hit consumers, supply chains get backed up, and the GOP’s “average American” story rings hollow. Delays and carve-outs won’t stop the fallout, expect inflation in home materials, medicine, and more.
The Tariff Trap: Why Trump’s Economic Obsession Risks a “Catastrophic” Reckoning
by Winston Wendell
Watching the latest news about Donald Trump and his planned wave of new tariffs, I can’t help but feel like we’ve seen this before—and not in a good way. Trump likes to talk up these tariffs, spinning them as a way to force other countries to play by our rules and to shield the American economy. But truthfully, the reality looks a lot harsher. What we’re seeing is a strategy built for show, not for the real grind of keeping supply chains steady and costs down for everyday Americans.
Inside Trump’s own circle, people seem alarmed. The Financial Times reported that his advisers are scrambling behind the scenes, trying to steer him off this dangerous path. These aren’t just casual disagreements; his team is pulling the fire alarm, warning that this move could turn out to be a disaster.
What really worries me is how this policy feels like a classic “shoot the messenger” move. We all saw what happened during Trump’s first term: other countries fired back with their own tariffs, American factories struggled, and farmers got stuck with huge losses as export markets dried up. Even with the economy on shaky ground right now, Trump looks set to gamble one more time.
People are stretched thin—prices at the gas pump are heading toward $4 because of turmoil in places like Iran, and Americans are feeling the squeeze every time they shop or drive. Most voters aren’t happy with how Trump has handled living costs. And now, he wants to slap on new tariffs, knowing that every extra tax at the border gets passed straight to shoppers. That’s not just risky for a campaign—it really feels like economic arrogance.
Then there are those behind-the-scenes talks about dodging Supreme Court limits by labeling the tariffs as probes into “forced labor.” It’s a tactic, sure, but a pretty cynical one. Instead of leading with sound economic thinking, this approach depends on bending the rules to please his supporters, even if it causes bigger problems for everyone else.
At the end of the day, Trump’s advisers have good reasons to worry about the political fallout. If the idea is to protect American jobs, these tariffs could backfire and hurt the same prosperity he talks about defending. By shutting out the practical warnings from his own team, Trump is gambling with the one thing that was supposed to be his strongest campaign argument: the economy. At this point, we’re staring down the road to a trade war that could make life a lot more expensive for the people he swore to help.
Every time I see the numbers ticking higher at my local gas station, I get the strangest sense of déjà vu. We’ve gone through these price spikes before, but this time it feels heavier somehow, almost suffocating. The rising military tension with Iran, which has taken center stage for the Trump administration, isn’t just a headline; it’s merging with everyday life, impacting budgets and cranking up stress for millions across the country.
This isn’t just another blip, it’s a shift you can feel in the air. CNBC says economic anxiety hasn’t hit these heights since the inflation surge right after the pandemic in late 2023. People are tired, and honestly, the numbers just back up what everyone feels.
The Grim Reality Behind the Figures
The CNBC All-America Economic Survey doesn’t pull any punches. Sixty-one percent of people are now pretty pessimistic about the country’s financial future. Only around a quarter are still holding out hope.
So, what’s really lighting this fire? It’s basic stuff. Anyone in line at the grocery store or waiting to fuel up will tell you, it’s all about the cost of just getting by. Food and gas aren’t minor expenses anymore, they’re completely reworking how people live.
Sacrificing the Basics
This squeeze is making people choose between necessities. The latest survey hits hard:
Almost half of Americans (47%) are skimping on essentials, things like medical care, groceries, everyday basics, just to keep their heads above water.
Two out of three have slashed anything extra. The empty restaurants and quiet movie theaters are proof enough that people are choosing survival over fun.
Policy-Driven Discontent
Frustration is clear, and it’s pointed straight at the White House. Right now, President Trump’s handling of the economy gets just 38% approval, with about 60% giving him a thumbs down.
The administration’s approach to Iran is just as divisive. Only 35% of voters support the military moves, while 63% are against them. The link between decisions overseas and money woes at home is starting to look obvious to everyone.
The “Trauma” of Persistent Inflation
So why does the anxiety stick around, even when prices dip for a while? Democratic pollster Jay Campbell put it plainly to CNBC: that brief break in gas prices earlier this year didn’t fix the “financial trauma” everyday people feel.
Even when prices drop, nobody forgets what it felt like when they were sky-high for two years. That memory sticks, so small changes just don’t erase the frustration.
What the Pump Is Telling Us
AAA backs this up with tough stats. Last Friday, the national average for a gallon of regular gas hit $3.98, a ten-cent jump in just a week. Diesel’s hitting even harder, climbing past $5 per gallon and putting more pressure on the folks who keep the trucks and supply chains running.
Implications for Washington
Even with all these grim numbers, the political fallout is, for now, kind of muted. Democrats still have a slight four-point edge for Congress, but Campbell warns there’s no massive political wave building, not yet.
But things feel shaky. With the Iran conflict not cooling down and people’s savings evaporating, anxiety is running high. Folks across the country are just holding their breath, wondering if the costs of Trump’s foreign policy will end up outweighing the price of keeping things steady at home.
The today’s Consumer Price Index report makes it quite clear: April’s inflation rate climbed by 3.8% compared to the previous year, surpassing Wall Street’s 3.7% prediction. For American households already struggling with rising prices at the grocery store, these figures simply confirm their everyday experience that living expenses continue to increase under Donald Trumps administration.
Separately today, before heading to a meeting in China, Donald Trump discussed the significant financial burdens associated with his ongoing military actions in Iran. He stated that monetary considerations were not his primary concern when weighed against achieving his military objectives, whatever those are.
Energy prices led the way, soaring nearly 18% since April 2025. In a country still tethered to unpredictable oil markets, that’s meant higher gas and utility bills for everyone. Grocery shopping hasn’t brought much comfort either. Five out of six major food categories went up, beef’s 2.7% higher, fruits and vegetables bumped up 1.8%. Families just trying to make dinner now face real challenges.
Economists are no longer tiptoeing around the connection between Washington’s choices and what happens at people’s kitchen tables. Joseph Brusuelas at RSM came right out and said it … the U.S. economy is locked in a higher-inflation mode, and median-income households face tough adjustments for the rest of the year.
The University of Michigan’s Survey of Consumers reported record-low consumer confidence due to concerns over price hikes from the Iran conflict. Economist Justin Wolfers noted that economic uncertainty arises from “empty promises,” trade disputes, and military actions, leading to a shifting market cycle.
The public’s just as frustrated as the experts. A recent CNN poll found 70% unhappy with how the administration’s handled the economy, and 75% said the war with Iran has hit their finances personally.
Alex Jacquez from the Groundwork Collaborative didn’t hold back. He called the situation “Trump’s illegal and reckless war in Iran” and said it “reignited inflation,” and there’s just no clear end in sight.
April’s CPI report presents a critical question: Will Trump comprehend that his international decisions significantly impact American citizens at the gas station and grocery store? It is evident that voters are continuously forced to shoulder the financial burden of decisions they did not endorse.
Right now, it’s tough to ignore how Donald Trump’s policies have a direct impact on the struggles regular Americans deal with every day. Whether people are stretching their paychecks at the grocery store or worrying about their retirement funds, you can feel stability slipping away—and it’s obvious that the President Trump and his administration played a major role in this.
You can see it in everybody’s wallets. AAA reports the national average for a gallon of gas has jumped to $4.04, way up from last year’s $3.17, according to the EIA.
But this spike isn’t random. Ongoing chaos in energy markets—especially around the Strait of Hormuz and Trump’s war with Iran—has thrown oil supply chains all over the world into disarray. That little waterway handles a fifth of the planet’s oil every day. Industry experts say these shipping problems are here to stay, and you shouldn’t expect gas to drop below $3 anytime soon, maybe not even next year.
People aren’t blind to all this. Polls show that Trump’s approval is dropping. In a Quinnipiac poll, 65% said Trump’s policies deserve at least “some” or “a lot” of the blame for higher gas prices. Then there’s the stock market—wild swings, driven by the Trump’s unpredictable announcements and trade moves like tariffs, are now blowing up the retirement plans folks thought were safe.
But honestly, it runs deeper than just the numbers. The way the national conversation is shifting feels heavy and exhausting. There have been organized attacks on the free press, and weird feuds, like Trump going after the Pope. The war on Iran stands totally opposed to the “Just War Doctrine” at the heart of the Christian faith, exactly as the Vicar of Christ put it.
What really has people worried is the reckless language Trump uses around foreign conflicts. He fired off a warning on Truth Social, saying a “whole civilization will die” when talking about Iran. Jake Tapper from CNN brought up how Republicans—like Rep. Elise Stefanik (R-N.Y.)—rush to criticize campus protesters but stay quiet about these apocalyptic threats from the president. The administration loves acting strong on national security, but all this tough talk only isolates the country and stirs up global danger. Talk about leaving NATO? That’s not just irresponsible—it’s a big risk for America’s security.
Manufacturing jobs keep disappearing. Food prices keep climbing. The United States’ reputation is getting shakier. Blaming everything on bad luck is just a way to look away from reality. This is what happens when a president’s leadership is all about picking fights instead of working together or thinking things through.
If you look at slowdowns in manufacturing, shrinking savings, and a pushier attitude on the world stage, you start to see the pattern. America’s problems aren’t just random—they’re the result of leaders. Trump, who care more about grudges than solving real problems. Americans deserve more—leadership that brings stability, sticks to the facts, and fights for actual peace around the world. We deserve better than Donald Trump and the Republican leadership in Congress.
Blue Press Journal – I was standing at the pump this Sunday morning, watching the numbers tick upward on the digital display, and I couldn’t help but feel that familiar, sinking pit in my stomach. Like millions of Americans, I’m constantly balancing the household budget, but lately, that balance feels more like a tightrope walk.
With tensions escalating in the Middle East—specifically the war with Iran, which many experts claim was unnecessary, have caused the global oil markets to spike. When crude prices jump in response to the war in Iran, the ripple effect isn’t just felt at the pump; it’s felt at the grocery store, the pharmacy, and every single time we make a decision about our daily commute.
The Immediate Pain at the Pump
Energy markets are inherently reactive. According to the U.S. Energy Information Administration (EIA), even a minor disruption in supply chains or a mere risk will cause a push to national averages. When gas prices spike, they act as a “hidden tax” on every American worker.
Mark Zandi, Chief Economist at Moody’s Analytics, and other economic analysts, have pointed to the regressive nature of high energy prices, noting that they act as a hidden tax that disproportionately impacts low- and middle-income households. When you spend a larger percentage of your income on fuel, you have significantly less discretionary capital left for housing, food, or savings.
The “Follow-On” Cost: Our Grocery Bill
What many of us don’t immediately account for is the logistical cost of getting goods to market. Almost everything we buy—from fresh produce in California to electronics in New York—traveled on a truck or train to get to our shelves. As diesel prices climb alongside gasoline, those transportation costs are passed directly to the consumer.
Consider a hypothetical breakdown of how these costs impact our monthly spending:
Expenditure Category
Estimated Weekly Impact of High Gas Prices
Commuting
+$15 – $25 per week
Grocery/Food Staples
+$10 – $20 per week (transportation surcharges)
Family Activities
+$10 – $15 per week (sports/errands)
Total Estimated Hit
$35 – $60 per week
Tough Choices for Our American Families
For the average family, an extra $50 a week isn’t just “pocket change.” It’s the difference between a savings account contribution and a credit card balance. I’ve found myself cutting back on non-essential trips, consolidating errands to save on mileage, and—regrettably—choosing generic brands at the grocery store to offset the rising cost of “transported” goods.
We are entering a season of adaptation. Americans are experts at tightening their belts, but it’s becoming increasingly difficult to find more “slack” in the rope under the Trump administration. We are choosing between the kid’s soccer tournament and an extra trip to the grocery store; we are opting for home-cooked meals over dining out; and we are delaying major purchases while we wait for the economic and political smoke to clear.
Our Bottom Line
As of today, analysts from sources like Bloomberg and The Wall Street Journal suggest that while the U.S. is more energy-independent than it was a decade ago, we are still beholden to the global price of oil. Until stability returns to the Middle East, volatility will remain the “new normal.”
For those of us at the pump this weekend, my advice is simple: track your expenses, prioritize your essential travel, and keep a close watch on your budget. We may not be able to control the price of a barrel of oil or the war in Iran, but we can manage how we navigate the political choices at home. It’s clear the Trump administration has made bad choices so let’s not compound them with ours. The midterms should be where we make a clear choice for change.
Blue Press Journal – The escalation of conflict between the United States and Iran has pushed the global economy to the brink, fostering an environment of instability that many experts argue was entirely preventable. By initiating a campaign of military aggression without congressional authorization, the Trump administration has by passed legislative oversight, leaving the American public to bear the brunt of surging inflation and a precarious geopolitical landscape.
Current negotiations center on a fragile two-week ceasefire, yet this “peace” effort remains deeply troubling. Critics argue that using the threat of mass civilian casualties as a bargaining chip to reopen the Strait of Hormuz is not only reprehensible but strategically bankrupt. Data from Lloyd’s List Intelligence confirms that shipping volumes plummeted 90% at the height of the conflict, while reports from the Financial Times indicate that Iran intends to levy hefty cryptocurrency tolls on vessels—effectively turning a vital international waterway into a proprietary toll road.
The administration’s shifting narrative and erratic policy goals have created what many characterize as a “credibility gap.” While the White House touts progress, the Associated Press notes that claims of regional stability are contradicted by continued missile fire reported across Kuwait, the UAE, and Qatar. Furthermore, as the New York Times reports, the imposition of $2 million fees per ship suggests a significant concession that threatens the status of the Strait as an international waterway.
Many military analysts have a scathing assessment of the presidents war describing his current posture as a “total fold.” After weeks of reckless bluster, the U.S. now finds itself negotiating on terms dictated by an Iranian 10-point proposal. We are left asking: What has actually been gained? With Iranian nuclear capabilities degraded, by how much? Now we face the potential for Russian or Chinese rearmament of Iran looming, the administration’s strategy appears to be a reactive, uncoordinated mess.
If an American president cannot maintain a coherent policy, ignores the potential for long-term strategic catastrophe, and accelerates the financial hardship of working families, we must critically evaluate their fitness for office. This unnecessary war, characterized by its lack of transparency and disregard for international norms, remains a defining failure of the Trump administration.
Blue Press Journal – Donald Trump’s decision to launch a full‑scale war on Iran has already proven disastrous for the U.S. economy. By disrupting the Strait of Hormuz—through which about 20 % of global oil shipments flow—the conflict spiked crude prices by nearly 12 % in just two weeks, Reuters. Higher pump prices translate directly into elevated consumer‑price inflation, eroding purchasing power for American families already strained by lingering post‑pandemic price hikes, Bloomberg.
Beyond the immediate fuel shock, the war has forced the Federal Reserve to confront a new inflationary spiral, prompting talks of an accelerated rate‑hike cycle that could choke off economic growth,Wall Street Journal. The longer‑term fallout is even more severe: sustained military spending drains fiscal resources, drives up the national debt, and distorts capital allocation away from productive sectors such as renewable energy and infrastructure—areas critical for long‑term competitiveness, NY Times.
Critics argue that Trump’s reckless foreign policy ignored diplomatic alternatives and ignored expert warnings that a regional conflict would trigger a global supply‑chain crunch, AP News. The result is a distorted economy, soaring living costs, and an American public paying the price for a war that could have been avoided.