Republicans (https://www.cnbc.com/2026/05/11/trump-congress-gop-gas-tax-iran-war.html) to ease consumer pain is pure political theater — and it completely misreads how discretionary spending actually works. This sector doesn't respond on a 2-week lag. It responds on a 6-12 month lag. By the time any relief hits wallets, the damage is already priced into behavior.

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