Rep. Ted Lieu (D-Calif.) is not impressed with President Donald Trump's latest idea. Over the weekend, Trump suggested renaming the Lincoln Memorial Reflecting Pool after himself, and Lieu used the moment to argue that the administration is ignoring the financial squeeze facing American households.

Lieu Questions Trump's Priorities

On Monday, Lieu posted a clip of Trump's announcement on X and questioned what the administration was actually focused on amid concerns about affordability.

“Gas prices skyrocketed. Diesel prices skyrocketed. Grocery prices skyrocketed,” he wrote.

He then pointed to the president's suggestion to rename the historic landmark as evidence of misplaced priorities.

“What are Trump and his Republican enablers focused on? Changing the name of the Lincoln Memorial Reflecting Pool to the Trump Reflecting Pool,” Lieu wrote.

He urged voters to respond at the ballot box, writing, “Punish them at the ballot box. Repudiate them. Vote.”

Trump Floats 'Trump Reflecting Pool' Name

In the clip, Trump announced the official opening of the Lincoln Memorial Reflecting Pool and said his administration was considering a name change.

“Now we’re giving serious thought to changing the name to the Trump Reflecting Pool,” Trump said.

Economists and Investors Warned of Economic Fallout

Moody's Analytics director Chris Lafakis warned that rising gasoline prices amid the U.S.-Iran conflict were fueling inflation and threatening household spending, business activity and hiring.

Economist Peter Schiff predicted that economic weakness could prompt the Federal Reserve to adopt more accommodative monetary policies and quantitative easing, potentially driving inflation higher.

In September, investor Ross Gerber also criticized rising fuel costs, saying gasoline had reached $6.30 per gallon at a California station he tracked, compared with $5 before the war.

He called for a “change in America” and promoted electric vehicles as alternatives to rising fuel prices.

Democrats Criticized Trump Over Rising Costs

Last month, Senate Democratic Leader Chuck Schumer (D-N.Y.) accused Trump of profiting from oil and gas stocks while Americans faced higher gasoline prices, vowing to hold him accountable.

Former House Speaker Nancy Pelosi accused Trump of breaking his promise to lower costs, blaming rising inflation and tariffs for hurting working families.

Former Transportation Secretary Pete Buttigieg argued that tariffs and higher transportation costs had driven up food prices, citing a $17.50 Waffle House meal and urging voters to support Democrats in the upcoming midterm elections.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by MarketDash editors.