Trump blames Biden for affordability crisis, claims he is working to resolve it

On Saturday, President Trump renewed his criticism of discussions surrounding increasing prices and cost-of-living challenges, placing the responsibility for what he called an affordability crisis squarely on former President Biden.

Trump reacted strongly to comments made by stockbroker Peter Schiff during a recent appearance on Fox News Channels Fox & Friends, labeling Schiff a Trump-hating loser and accusing him of being consistently wrong. The president questioned why the show featured him at all.

He thinks prices are rising when they are actually dropping significantly, Trump wrote on Truth Social. He pointed to falling gas prices, noting that in some states a gallon had reached $1.99, adding that fuel costs have fallen sharply compared to the Biden era.

Trump insisted that most other prices are also declining. Biden created the AFFORDABILITY CRISIS. IM FIXING IT! he declared, adding that issues like the border had already been addressed.

The administration has been under scrutiny in recent weeks over affordability concerns, which Trump has labeled a Democratic scam. The problem gained renewed attention during the prolonged government shutdown and following Democratic victories in the 2025 election cycle.

During his 2024 campaign, Trump vowed to bring down prices immediately upon taking office, yet market instability and uncertainty surrounding his extensive tariffs have contributed to increased costs. The most recent Commerce Department data from September shows core inflation rising to 2.8 percent year-over-year.

Despite this, Trump has promoted his economic policies as effective, pointing to lower gas prices and reduced drug costs. His administration has also taken measures aimed at tackling higher prices, signaling that the White House recognizes the publics concerns.

Speaking at the McDonalds Impact Summit last month, Trump said Americans were so damn lucky he won the 2024 election. He argued that under Biden, welfare spending and government jobs were climbing while real jobs were falling, claiming the country avoided a major economic disaster by electing him.

However, polling averages indicate Trump is losing voter confidence on economic issues, including among his own base. A late-November survey found that nearly half of respondents believed Trump had contributed more to rising prices than lowering them, while 24 percent felt the opposite.

According to a Decision Desk HQ average, Trumps current approval rating stands at 42 percent, with disapproval at 55 percent a decline from roughly a month earlier, when his approval hovered near 46 percent and disapproval around 51 percent.

Trump and his allies argue that the benefits of the One Big Beautiful Bill Act, signed in July, have not yet fully materialized, citing anticipated foreign investment. They draw comparisons to Bidenomics, noting that the Biden administration similarly maintained that the economy was improving post-pandemic even as voters struggled with inflation.

Author: Connor Blake