"From Friday through Sunday, Trump continued his now-habitual weekend flooding of social media with fantasies that he is smart, beloved, and powerful"

The post closest to reality on Friday touted the story by Steve Thompson, Federica Cocco, and Christoper Rowland of the Washington Post on Thursday, August 13, reporting that prescription drug prices have fallen 3.1% this year, the biggest rate of price decrease since 1963. While that drop is real, the journalists note, much of the drop reflects the falling price of GLP-1 weight-loss drugs, whose price has dropped dramatically because of competition from generic versions.

For other drugs, experts say the price drop comes from the Inflation Reduction Act, passed by Democrats without a single Republican vote in 2022, during the Biden administration. That law permitted the government to begin negotiations with drug companies for lower prices on ten commonly prescribed drugs, with the lower prices going into effect this year. The Centers for Medicare and Medicaid Services estimated that taxpayers would save $6 billion from those first changes.

Health policy scholar Stacie Dusetzina told the journalists that Trump’s TrumpRx program covers “a limited number of branded drugs” that “may not be high enough volume to be included” in the new figures. The desire to claim Biden’s success as his own may have been behind Trump’s resurrection of accusations that Biden was corrupt.

Trump’s morass in Iran also turned into fantasy on social media when he claimed the U.S. has built a “WALL OF STEEL,” complete with an AI wall through the water, of a blockade of Iranian ports. Trump then veered to declaring that “Pocahontas and ‘Abdul’”—Senator Elizabeth Warren (D-MA), whom he portrayed in stereotypical Indigenous garb, and Abdul El-Sayed, the Democratic nominee for U.S. senator from Michigan, “want to take your stuff, and Crash the Economy!!!” and that El-Sayed and women in hijab “are coming for your home and your belongings!”

Since an appeals court found that construction must stop, Trump has harped on the idea that the ballroom is crucial for national security. But as Will Hobson and Louise Radnofsky of the Wall Street Journal reported on Sunday, Trump began suggesting a ballroom back in 2010 for reasons of aesthetics and space. The national security argument, the journalists note, didn’t arrive until January 2026, after legal challenges to his authority to demolish the East Wing and build his ballroom.

Trump’s weekend fantasies put him in the same category as framers of the Constitution as he showed an AI-finished ballroom to George Washington, at one point writing: “Thank you, George, for some of your brilliant ideas on this great Military Complex/Ballroom!” In real life, Washington staunchly opposed royal luxury for the president.

By equating himself with George Washington, Trump appeared to entertain the fantasy that he is leading the country toward a second American Revolution, much as Heritage Foundation leader Kevin Roberts told Steve Bannon’s War Room podcast in 2024. Trump’s vision for the country is literally dark: on Saturday his social media account posted a dark black-and-white image of him wearing a Trump 2028 hat, with the caption, in a German-style typeface echoing that of the Nazis, saying: “We are going to win.” In another post, he boasted that he and North Korean dictator Kim Jong Un “get along GREAT!”

Sunday evening, Trump declared that “[b]ased on my very good relationship with Kim Jong Un,” the North Korean dictator, he had ordered Defense Secretary Pete Hegseth to “substantially reduce” traditional military exercises with key U.S. ally South Korea. The joint drills were scheduled to begin today.

Trump wrote that such exercises “send a signal that is totally inappropriate and hostile to a Country that, as long as Donald J. Trump has been President, has been unthreatening and respectful.” Trump suggested the change was retaliation for the refusal of South Korea’s president Lee Jae Myung to help the U.S. in Iran, but as political scientist Norm Ornstein noted, the decision comes just as North Korea is sending 50,000 troops to help Russian president Vladimir Putin in his war against Ukraine.

The idea that Trump is a powerful dictator making a victorious alliance with North Korea and Russia presents a darkly threatening posture but, like the rest of Trump’s social media dump, portrays a world different from reality.

Today is the day that the Memorandum of Understanding with Iran that Trump signed on June 17 expires. Rather than ushering in a permanent agreement that opens the Strait of Hormuz and stops Iran’s nuclear ambitions, today shows just how badly Trump is flailing.

This morning he lashed out, telling Trey Yingst of the Fox News Channel “that Iran should ‘put up the white flag of surrender.’ I have no time schedule,” Trump told Yingst. “I’m not in a hurry...the midterms have nothing to do with my thinking.” As for talks between Iran and Oman over control of the Strait of Hormuz, Trump told Yingst: “If Oman gets in the way, we’ll bomb the shit out of them.” Oman is a key U.S. ally in the region.

For Iran’s part, an Iranian leader told Reuters that if diplomacy fails, Tehran will shift from defense to offense. Benoit Faucon and Summer Said of the Wall Street Journal reported yesterday that Iranian hard-liners have spent the past two months planning to widen the war and raise the cost for the U.S., inflicting enough pain that Iran can deter future attacks. Today Reuters reported that Iran-backed Houthis launched missiles at Saudi ships near the Bab el-Mandeb strait, another key international shipping route.

Meanwhile, Trump is caught in a domestic scandal over the condition of the U.S. military. In early August, news broke that the U.S. was running low on precision missiles after using the expensive weapons to shoot down inexpensive Iranian drones. 

Then we heard about the appalling conditions aboard the USS Abraham Lincoln, an aircraft carrier kept overseas without adequate resupply and with maintenance issues, including overflowing toilets. Multiple outlets have reported that despondent service members, months past the scheduled end of their deployment, have attempted self-harm. The U.S. is moving the USS George Washington from the western Pacific to replace the USS Lincoln, leaving the region near China without a U.S. carrier.

When a reporter began a question to Trump on Friday with, “Family members of U.S. service members are concerned about the conditions on board the USS Lincoln,” Trump interrupted to say: “No they’re not.” When the reporter followed up with “Has the deployment gone on too long? Are you worried about their mental health?” he blustered: “No, no, no. Not nearly long enough.”

Families of sailors reacted with fury, telling Ed Pilkington of The Guardian that sailors have bad water and so little food they have lost up to 30 pounds (13.6 kg). There is little mental health counseling despite the extended deployment. “Keep praying for us,” one sailor texted home. “We are doing our best to make sure we protect our country and our families.”

On Saturday, Aaron Parnas in MeidasNews reported on a supply crisis on the USS Boxer, as well, and today Brad Lendon of CNN reported that sailors on a U.S. guided missile destroyer spent four days in blistering heat last month without working toilets, cooked food, or air conditioning after the vessel lost power.

Trump’s contribution to military plans has been to order the U.S. Navy to alter the construction of new aircraft carrier USS Doris Miller—named for a Pearl Harbor hero—ordering the designers to replace the modern electromagnetic launch system for planes with an older, steam-powered catapult system. Kaanita Iyer of CNN reports the change will delay production of the craft for several years and could cost billions.

Noah Robertson and Tara Copp of the Washington Post reported on Sunday that the Navy is also considering redesigning the aircraft carrier fleet to reflect Trump’s preference for ships that look like those from World War II. That change, too, could cost billions.

On Sunday night, a social media user posted a video of Trump at a party at his Bedminster club blasting “Y.M.C.A.” on his iPad for the crowd. National security scholar Tom Nichols responded: “We’re losing a war to Iran, we’re alienating our allies, we’re emboldening our enemies, our stalwart service people are being subjected to deprivations...and this is what the Commander in Chief is doing.”

But, in fact, that’s not all Trump is doing.

Late Friday night, the Office of the Comptroller of the Currency, whose leader Trump appointed, approved a preliminary charter for World Liberty Financial (WLF) to become a bank. As Lawrence Delevingne and Pete Schroeder of Reuters report, the charter would permit WLF to issue USD1, a stablecoin tied to the dollar, and to manage and hold assets for customers and settle payments faster.

WLF is the cryptocurrency venture launched by the Trump family and their close allies the Witkoff family. Steve Witkoff is Trump’s special envoy to the Middle East, and WLF has done at least one major deal with a national security advisor for the United Arab Emirates. Reuters estimates that as of April 2026, WLF had “funneled more than $1.6 billion to the U.S. president and his family.”

Strategic studies scholar Phillips P. O’Brien wrote: “They are going to steal everything they can while they have power.”

Senator Elizabeth Warren, the top-ranking Democrat on the Senate Banking, Housing, and Urban Affairs Committee, said: “President Trump is now the first President in history to approve, operate, and supervise his own bank. This is the most brazen act of self-dealing our financial system has ever seen—and Congress cannot allow it to stand.” She and nine other senators are introducing a bill to guarantee “that no President, Vice President, their immediate families or other senior government officials can exploit their positions to own or control a bank, which could serve as a major vehicle for corrupt dealings.”

At 4:09 this afternoon, Trump posted on social media an image of Kim Jong Un outside with several men standing around him, talking on a landline telephone. The caption read: “HEY DONALD, WE COOL… RIGHT?”

—Heather Cox Richardson