Peter Baker on Iran: Those Gas Prices Aren’t Going to Come Down Just Because the War Is Over, It Could Take Months, If Not Years

RUSH EXCERPT:BAKER: "Well, that’s a good question. And they have been, of course, underplaying the cost. As you pointed out, secretary Hegseth really referred to the $25 billion price tag. That does seem low compared to what they said. The original first few days were already stacking up. There’s the the depleted arsenals. There are the costs of rebuilding those bases. There are so many, you know, the cost to consumers over the last two months in terms of higher gas prices. And then those gas prices aren’t going to immediately come down like that just because the war is over. It’s going to take a while. A lot of refineries, you and I, I think, were on a program a week ago when somebody told us, right, that the refinery damage has been so substantial, it could take months, if not years, to restore the capability that was there before the war. So, you know, the president is hoping that Congress will go along. He has obviously a Republican majority in both houses. So far, Congress has not done anything to stand up to him on this war. They have gone along with it, at least the Republican side. But he’s asking for more money for the war. At the same time, he’s asking for a huge increase in overall pentagon spending $400 billion more just for ordinary operations and expansion of weapons and capabilities and so forth, separate from this particular conflict. That’s a lot for people to be on. The same week, we learn that the total national debt has now surpassed the size of the entire U.S. economy."

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Peter Baker on Iran: Those Gas Prices Aren’t Going to Come Down Just Because the War Is Over, It Could Take Months, If Not Years‘The same week, we learn that the total national debt has now surpassed the size of the entire U.S. economy’News & Politics,InternationalRUSH EXCERPT:BAKER: "Well, that’s a good question. And they have been, of course, underplaying the cost. As you pointed out, secretary Hegseth really referred to the $25 billion price tag. That does seem low compared to what they said. The original first few days were already stacking up. There’s the the depleted arsenals. There are the costs of rebuilding those bases. There are so many, you know, the cost to consumers over the last two months in terms of higher gas prices. And then those gas prices aren’t going to immediately come down like that just because the war is over. It’s going to take a while. A lot of refineries, you and I, I think, were on a program a week ago when somebody told us, right, that the refinery damage has been so substantial, it could take months, if not years, to restore the capability that was there before the war. So, you know, the president is hoping that Congress will go along. He has obviously a Republican majority in both houses. So far, Congress has not done anything to stand up to him on this war. They have gone along with it, at least the Republican side. But he’s asking for more money for the war. At the same time, he’s asking for a huge increase in overall pentagon spending $400 billion more just for ordinary operations and expansion of weapons and capabilities and so forth, separate from this particular conflict. That’s a lot for people to be on. The same week, we learn that the total national debt has now surpassed the size of the entire U.S. economy."Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

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